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MOTILALOFS.NS

Motilal Oswal Financial Services Ltd.

Financial Services
Price research

Price history

1Y window · 2025-09-22 to 2026-09-22

Start 2025-09-22 ₹950.30
End 2026-09-22 ₹1007.00
Change over window +5.97%
Methodology

Price is the daily close from stored Kite history. The other metrics pair that daily price with the company's periodic filings — each fundamental (revenue, EPS, equity…) is held flat at its latest filed value between annual filings, so a ratio steps at each filing and moves daily only through its price term. A metric with no input on file for this company (e.g. EV/EBITDA for a bank, which has no EBIT) is shown as unavailable, never guessed. Share-count-based metrics use the latest diluted share count against split/bonus-adjusted prices.

Technical analysis

Technical indicators

Same window as the price chart above

These reflect only the stock's recent price and volume behavior — not the company's fundamentals — and are not a recommendation to buy or sell. Standard published parameters are used throughout (see each chart's own label); a company with too little stored price history for a given indicator's lookback window shows that plainly below rather than a garbage or misleading value.

Latest value of each line in the charted window
Methodology

MACD (12,26,9), Stochastic Oscillator (14,3) and Money Flow Index (14-day) each carry their own published reference lines/bands (20/80 for the oscillator readings) where one is standard. ADX includes +DI/-DI for direction alongside trend strength; a dashed line marks the commonly published 25 "trending market" reading. ATR is shown in raw rupees here; the price/volume preset screen (below, and on the Screener page) reports it as a % of price so it's comparable across stocks at different price levels. Computed from the same stored daily OHLCV history as the price chart above — no new data source.

Ratios as of FY2025-26 Annual filing · published 2026-04-29
Price (live) ₹1007.00 INR fetched 2026-09-23 02:28
Fundamental analysis

Ratios

Calculated from this company's filed figures, and from the current price where a ratio needs one. Every ratio shows its source trace: the filed elements it reads and the arithmetic behind the result.

P/E

33.06

P/E = Price / EPS

Source trace FY2025-26 · Annual filing

P/E = Price / (ProfitOrLossAttributableToOwnersOfParent / shares implied by reported Diluted EPS) → ₹1,007.00 / (₹18,693,099,000 / 613,693,336 shares) = ₹1,007.00 / ₹30.46 EPS

ROE

14.50%

ROE = Net Income / Shareholder Equity

Source trace FY2025-26 · Annual filing

ROE = ProfitOrLossAttributableToOwnersOfParent / EquityAttributableToOwnersOfParent → ₹18,693,099,000 / ₹128,881,138,000 = 14.50%

Debt/Equity

1.65

Debt/Equity = Total Debt / Shareholder Equity

Source trace FY2025-26 · Annual filing

Debt/Equity = Borrowings + DebtSecurities / EquityAttributableToOwnersOfParent → ₹212,551,108,000 / ₹128,881,138,000 = 1.65

Current Ratio

N/A

Current Ratio = Current Assets / Current Liabilities

Not available

Missing current assets or current liabilities (common for banks, which report an unclassified balance sheet).

ROCE

11.13%

ROCE = EBIT / (Shareholder Equity + Total Debt)

Qualification This company's balance sheet has no current/non-current split (an NBFC-style filing) — for a lending business, Finance Costs is close to a core operating cost, so read ROCE here with that in mind.

Source trace FY2025-26 · Annual filing

ROCE = ProfitBeforeExceptionalItemsAndTax + FinanceCosts / (EquityAttributableToOwnersOfParent + Borrowings + DebtSecurities) → ₹38,014,546,000 / (₹128,881,138,000 + ₹212,551,108,000) = 11.13%

Dividend Yield

0.58%

Dividend Yield = (Dividends Paid / Diluted Shares Outstanding) / Price

Qualification This is cash paid during the fiscal year, not a per-share rate declared for it (no such element exists in the filing data) — timing can straddle interim/final dividends across years, and pre-FY2020-21 figures may include the since-abolished Dividend Distribution Tax, reading higher than later years for that reason alone.

Source trace FY2025-26 · Annual filing

Dividend Yield = (|DividendsPaidClassifiedAsFinancingActivities| / shares implied by reported Diluted EPS) / Price → (₹3,606,787,000 / 613,693,336 shares) / ₹1,007.00 = ₹5.88 / ₹1,007.00

Growth & quality

Growth & earnings trend

Computed from this company's stored annual filings. Each figure carries the filed values behind it as a tooltip.

Revenue CAGR · 3y 21.0%
Net profit CAGR · 3y 30.2%
Operating margin · FY2025-26 40.6%
ROCE · FY2025-26 29.3%

Revenue & Profit CAGR

Revenue (3y, 7.0y actual)
21.0%
Net Profit (3y)
30.2%
Revenue (5y, 7.0y actual)
21.0%
Net Profit (5y)
30.2%
Revenue (10y, 7.0y actual)
21.0%
Net Profit (10y)
30.2%

Operating Margin Trend

Expanding
FY2018-19
36.6%
FY2019-20
33.1%
FY2020-21
54.5%
FY2021-22
48.7%
FY2022-23
44.0%
FY2023-24
57.2%
FY2024-25
53.8%
FY2025-26
40.6%

ROCE Trajectory

FY2018-19
N/A
FY2019-20
N/A
FY2020-21
N/A
FY2021-22
N/A
FY2022-23
29.3%
FY2023-24
46.1%
FY2024-25
40.7%
FY2025-26
29.3%

Earnings Quality

Net profit or operating cash flow was zero or negative in the base or latest year — a growth-rate comparison isn't defined across a sign change.

Sector-Relative Percentile

Sector · Financial Services
ROE 66th percentile Better than 58 of 88 sector peers (66th percentile).
ROCE 61th percentile Better than 38 of 62 sector peers (61th percentile).
Debt/Equity 39th percentile Better than 34 of 88 sector peers (39th percentile).
P/E 26th percentile Better than 23 of 88 sector peers (26th percentile).
Forensic accounting

Beneish M-Score

Eight year-over-year accounting indices (Beneish, 1999) computed for Motilal Oswal Financial Services Ltd. across its two most recently stored annual filings. Read the disclosures below before anything past this paragraph.

This is not an accusation and not a finding that any manipulation occurred. Beneish's own paper is explicit that the score identifies companies whose accounting CHARACTERISTICS resemble those of a sample of past manipulators -- nothing more. StockProof never labels a company "manipulator", "red flag" or "suspicious", and never shows any list of companies ordered by this score. The eight components below -- factual statements about figures the company itself filed -- always come before the composite number, which is the inference, not the fact.

The M-Score is calibrated on 74 US-listed companies from 1982-1992 later found to have manipulated earnings (Beneish, M. D. (1999), "The Detection of Earnings Manipulation", Financial Analysts Journal 55(5)) -- not on any Indian company or era. Measured on StockProof's own Nifty 500 universe as of 2026-09-02, 13.6% of companies score above Beneish's own published cutoff. On any realistic base rate of actual earnings manipulation, that flag rate is overwhelmingly false positives, not overwhelmingly real ones.

No "Selling, General & Administrative Expense" element exists anywhere in NSE's filed data. The SGAI component below is approximated as Employee Benefit Expense + Other Expenses, divided by revenue -- a reasonable stand-in for a manufacturer, but for a services company this proxy is closer to the entire cost base than to SG&A specifically. This is disclosed because it is a genuine deviation from Beneish's published specification; its coefficient (-0.172) is the smallest of the eight, which bounds how far the approximation can move the composite.

This measures something different from a financial-distress score like Altman's Z-Score, and the two essentially never agree. Measured on StockProof's own 389-company overlap as of 2026-09-02: only 5 companies were flagged by both, an agreement rate (intersection ÷ union) of 6.2%, and a correlation between the two scores of +0.088 -- closely matching the independently measured +0.092 over 3,242 Malaysian-listed companies. A low Z-Score and a high M-Score are not corroborating each other; they are unrelated measurements.

Comparing FY2024-25FY2025-26

Index Value Beneish's own threshold Reading, vs. that threshold
DSRI — Days' Sales in Receivables Index N/A 1.031 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
GMI — Gross Margin Index N/A 1.014 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
AQI — Asset Quality Index N/A 1.039 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
SGI — Sales Growth Index N/A 1.134 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
DEPI — Depreciation Index N/A 1.077 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
SGAI — SG&A Index N/A 1.041 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
LVGI — Leverage Index N/A 1.111 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.
TATA — Total Accruals to Total Assets N/A 0.018 This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.

Composite M-Score not computable — This company's latest stored balance sheet does not disclose a current/non-current split -- the unclassified format used by NBFCs, HFCs and AMCs filing Ind-AS Division III, which has no such split by design. Two of the eight indices (AQI, LVGI) need it, so the composite cannot be computed here; this is a structural property of the filing format, not a lower-quality company.

Financials

Quarterly trend

10 stored quarters

Revenue Net Profit Net Profit (loss quarter)
Metric (to shareholders basis) Q4 FY2023-24 Q1 FY2024-25 Q2 FY2024-25 Q3 FY2024-25 Q4 FY2024-25 Q1 FY2025-26 Q2 FY2025-26 Q3 FY2025-26 Q4 FY2025-26 Q1 FY2026-27 Source
Revenue ₹2,141.29 Cr. Gross ₹2,158.15 Cr. ₹2,312.34 Cr. Gross ₹2,317.69 Cr. ₹2,837.83 Cr. Gross ₹2,845.98 Cr. ₹1,998.63 Cr. Gross ₹2,002.51 Cr. ₹1,208.55 Cr. Gross ₹1,208.55 Cr. ₹2,737.03 Cr. Gross ₹2,744.15 Cr. ₹1,849.11 Cr. Gross ₹1,859.87 Cr. ₹2,111.65 Cr. Gross ₹2,120.16 Cr. ₹2,676.20 Cr. Gross ₹2,692.25 Cr. ₹3,425.76 Cr. Gross ₹3,432.23 Cr. RevenueFromOperations
Net Profit ₹723.05 Cr. incl. minority ₹724.60 Cr. ₹881.89 Cr. incl. minority ₹883.58 Cr. ₹1,120.08 Cr. incl. minority ₹1,121.80 Cr. ₹564.52 Cr. incl. minority ₹566.00 Cr. ₹-64.77 Cr. incl. minority ₹-63.19 Cr. ₹1,162.06 Cr. incl. minority ₹1,162.87 Cr. ₹362.42 Cr. incl. minority ₹362.56 Cr. ₹565.97 Cr. incl. minority ₹566.16 Cr. ₹-221.28 Cr. incl. minority ₹-219.11 Cr. ₹1,273.11 Cr. incl. minority ₹1,273.70 Cr. ProfitOrLossAttributableToOwnersOfParent
Basis

Primary figures are Revenue from Operations and Net Profit attributable to shareholders — the basis the ratios use. Where they differ, the companion Gross revenue (incl. inter-segment) and incl. minority net profit (the totals a news headline usually quotes) are shown beneath, each traceable to its own XBRL element. Quarters shown are however many are actually stored (up to 10).

Ownership

Shareholding pattern

Latest filing Jun 2026 · 12 filings on file

Promoter & Promoter Group
67.20%
Public
32.80%
Employee Trusts
0.00%
Promoter % Public %
Metric Dec 2023 Mar 2024 Jun 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter & Promoter Group 69.39% 69.16% 69.04% 69.04% 68.86% 68.71% 68.44% 67.80% 67.69% 67.62% 67.54% 67.20%
Public 30.61% 30.84% 30.96% 30.96% 31.14% 31.29% 31.56% 32.20% 32.31% 32.38% 32.46% 32.80%
Employee Trusts 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Source

Promoter vs. public shareholding, from NSE's own quarterly shareholding-pattern filings. This is the headline promoter/public split only — a further breakdown by FII/DII/mutual fund holders requires each filing's own detailed disclosure and isn't shown here.

Trading activity

Delivery volume

20 trading days shown

Latest (2026-09-22) 35.5%
Trailing 20-day average 43.1%
Date Traded Qty Delivery Qty Delivery %
2026-09-22 813525 288554 35.47%
2026-09-21 277400 89855 32.39%
2026-09-18 739629 520412 70.36%
2026-09-17 819010 350619 42.81%
2026-09-16 771004 336865 43.69%
2026-09-15 581522 266935 45.90%
2026-09-11 625141 206427 35.43%
2026-09-10 338388 127644 37.72%
2026-09-09 489071 199638 40.82%
2026-09-08 940774 557991 59.31%
2026-09-07 1551861 766077 49.37%
2026-09-04 807197 282650 35.02%
2026-09-03 456816 159315 34.88%
2026-09-02 1044243 513405 49.17%
2026-09-01 501197 214408 42.78%
2026-08-31 635723 331310 52.12%
2026-08-28 554756 238731 43.03%
2026-08-27 903803 381044 42.16%
2026-08-26 1931146 878738 45.50%
2026-08-25 1836119 451142 24.57%
Source

Delivery quantity/percentage from the NSE bhavcopy (DELIV_QTY/DELIV_PER) — the share of that day's traded volume that actually settled into a demat account, rather than being squared off intraday. A higher delivery percentage is commonly read as genuine accumulation/distribution rather than speculative same-day trading; this describes recent trading PATTERN, not the company itself, and is not a recommendation to buy or sell. A blank cell is a day NSE itself published no figure for, never a zero.

Insider trading activity

20 disclosures shown

Disclosed Person Category Type Mode Quantity Value (₹) Resulting stake Source
31 Oct 2024 Motilal Gopilal Oswal Promoters Sell Inter-se-Transfer 212000 195888000 2.28% XBRL
31 Oct 2024 Motilal Oswal Foundation Promoter Group Buy Inter-se-Transfer 424000 391776000 0.07% XBRL
31 Oct 2024 Raamdeo Ramgopal Agarawal Promoters Sell Inter-se-Transfer 212000 195888000 21.69% XBRL
27 May 2024 Raamdeo Ramgopal Agarawal Director Sell Inter-se-Transfer 105000 238402500 26.78% XBRL
27 May 2024 Dhairya Agrawal Promoter Group Buy Inter-se-Transfer 100000 227050000 0.15% XBRL
14 Feb 2024 Motilal Oswal Family Trust Promoters Sell Inter-se-Transfer 2219207 3928995033 25.94% XBRL
14 Feb 2024 Pratiksha Mehta Promoter Group Buy Inter-se-Transfer 2219207 3928995033 1.49% XBRL
15 Jun 2023 KAROON AGARAWAL Promoter Group Sell Market Sale 13000 8749387 0.06% XBRL
15 Jun 2023 KAROON AGARAWAL Promoter Group Sell Market Sale 12000 8131594 0.05% XBRL
17 Apr 2023 Motilal Oswal Family Trust Promoters Sell Inter-se-Transfer 2219207 1381012516 27.55% XBRL
17 Apr 2023 Pratik Motilal Oswal Promoter Group Buy Inter-se-Transfer 2219207 1381012516 1.50% XBRL
31 Mar 2023 Raamdeo Ramgopal Agarawal Promoters Buy Market Purchase 34875 20184488 27.09% XBRL
31 Mar 2023 Raamdeo Ramgopal Agarawal Promoters Buy Market Purchase 289 167159 27.09% XBRL
31 Mar 2023 Motilal Gopilal Oswal Promoters Buy Market Purchase 35190 20386559 5.34% XBRL
31 Mar 2023 Motilal Gopilal Oswal Promoters Buy Market Purchase 113 65540 5.34% XBRL
29 Mar 2023 Raamdeo Ramgopal Agarawal Promoters Buy Market Purchase 75872 42247259 27.03% XBRL
29 Mar 2023 Raamdeo Ramgopal Agarawal Promoters Buy Market Purchase 4128 2311467 27.04% XBRL
29 Mar 2023 Motilal Gopilal Oswal Promoters Buy Market Purchase 81972 45673322 5.28% XBRL
29 Mar 2023 Motilal Gopilal Oswal Promoters Buy Market Purchase 1428 799680 5.28% XBRL
29 Mar 2023 Raamdeo Ramgopal Agarawal Promoters Buy Market Purchase 1250 712500 27.07% XBRL
About these disclosures

SEBI PIT (Prohibition of Insider Trading) Regulation 7 disclosures — designated persons (promoters, directors, KMPs, and their immediate relatives) reporting their own dealing in the company's securities, as NSE publishes them. Distinct from the SAST (Regulation 29 substantial-acquisition) filings on the market-wide SAST activity page. Public record only — this is descriptive disclosure data, not a signal, and is not a recommendation to buy or sell.

Filings & evidence

Source documents

FY2025-26 · Annual filing

The raw filing line items behind the figures on this page, and NSE's own filing document where NSE publishes one.

Source document — income statement (FY2025-26, raw filing line items)
Line itemFiled value
shares implied by reported Diluted EPS613693335.521996
ProfitOrLossAttributableToOwnersOfParent18693099000.0
Source document — balance sheet (FY2025-26, raw filing line items)
Line itemFiled value
Borrowings + DebtSecurities212551108000.0
EquityAttributableToOwnersOfParent128881138000.0
Research notes

My notes