Motilal Oswal Financial Services Ltd
MOTILALOFSMotilal Oswal Financial Services Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: Promoters moved −1.8 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (8 weeks in) while the P/BV sits at the 60th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +9.5% year on year, with the the net margin at 37.2%. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Motilal Oswal Financial Services Ltd trades at ₹852, in a confirmed uptrend and 8 weeks into that stage. That is −0.1% against its own 200-day average. It sits at 51% of a 52-week range of ₹663 to ₹1,036. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (2 weeks and counting).
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹852 it trades −0.1% versus its 200-day average and sits at 51% of its 52-week range (₹663–₹1,036).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,095% while the NIFTY 500 moved +276% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (2 weeks and counting; last ahead the week of 2026-07-17) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation For a bank we price the book, not the earnings: P/BV is what the market pays for each ₹1 of the bank's net worth. A bank below 1× book is priced below the value of what it owns, net of what it owes.
Motilal Oswal Financial Services Ltd trades at 4.0× P/BV, mid-range by its own standards (60th percentile). Its long-run median P/BV is 3.4×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/BV of 4.0× is mid-range by its own standards (60th percentile), against a long-run median of 3.4× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year book value grew while the price moved −7.6% — price and book moved together, holding the multiple in its range.
The price move, decomposed: over 5y, of the +29.3%/yr price move, ~+22.9%/yr came from book-value growth and ~+6.4 pp from the multiple (expanding); over 10y, of the +21.8%/yr price move, ~+23.7%/yr came from book-value growth and ~−1.9 pp from the multiple (compressing). The split is the honest approximate (price return minus book-value growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the book-value line underneath it, not the multiple.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Motilal Oswal Financial Services Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −28.8% latest against +162.4% at its 12-quarter best), ROE slipping at 14.5%. The read is built from 12 quarters across 4 curves, on full evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +12.5% | +30.9% | +20.9% | +24.1% |
| Profit | −25.4% | +26.0% | +8.2% | +27.0% |
| EPS | −25.6% | +25.4% | +7.6% | +26.5% |
| Share price | −7.6% | +60.6% | +29.3% | +21.8% |
4-Factor Sector Score
36.5/100 — rank 4 of 4 in Finance - Capital Markets - Wealth Management · 86% evidence confidence
Motilal Oswal Financial Services Ltd scores 36.5 out of 100 against the 4 companies it is compared with in Finance - Capital Markets - Wealth Management, ranking 4. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
The four contributions add to the total exactly: 9.2 + 19.6 + 5.4 + 2.3 = 36.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if ROA rolls over or gross NPA rises while sector-relative strength deteriorates.
Revenue For a bank, revenue is everything the franchise earns — interest on the loan book plus fee and other income.
Motilal Oswal Financial Services Ltd reported ₹3,426 Cr of income in the Jun 26 quarter, +25.2% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 24.1% a year. The last full year, FY26, came in at ₹9,381 Cr. The last four reported quarters add to ₹10,063 Cr.
FY26 revenue came in at ₹9,381 Cr (+12.5% on the year), capping 10 years at 24.1% compound. The latest quarter (Jun 26) printed ₹3,426 Cr, +25.2% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +30.3% growth against the decade's 24.1% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +14.9% over the last 4 quarters against +12.8%/yr over the last 8 — stabilising; TTM profit −28.8% vs −15.9%/yr — rolling over.
Net margin Net margin — what the bank keeps of every ₹100 of revenue after every cost, provision and tax. It is the cleanest single margin we can read for a lender.
Motilal Oswal Financial Services Ltd's net margin is 37.2% in the Jun 26 quarter, −5.3 percentage points against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 8.1% to 34.9%. The current quarter is running above every full year in that window.
The latest quarter's net margin is 37.2%, −5.3 pp against the same quarter a year ago. Across 13 fiscal years the net margin has ranged 8.1%–34.9%.
Why: the numbers show the net margin move clearly, but the cost lines behind it sit below what we hold — so we state the move without inventing its driver.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Motilal Oswal Financial Services Ltd earned ₹1,274 Cr of net profit in the Jun 26 quarter, +9.5% year on year. Full-year FY26 profit was ₹1,872 Cr. The 10-year compound rate is 27.0%. That is 37.2% of the quarter's revenue. The same quarter a year earlier earned ₹1,163 Cr. 2 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹1,274 Cr, +9.5% year on year. On the full year, FY26 printed ₹1,872 Cr (−25.4%), and the 10-year compound rate is 27.0%.
Why profit moved: revenue contributed +25.2% and the margin −5.3 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −19.4% vs revenue +30.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Asset quality — the ladder Gross NPA is the slice of the loan book where repayments have stopped. Net NPA is what remains after the money already set aside against those loans. Falling is healing; rising is damage arriving.
Loan-book quality history is not available for Motilal Oswal Financial Services Ltd, so this section names the gap rather than estimating a ratio. No gross or net non-performing-asset series is filed in a form this page can read, and none is inferred from the profit line. The income, margin and return sections above carry the evidence this business does report.
We do not hold quarterly loan-book quality numbers for this bank, so this section states that plainly rather than working around it.
Why: loan-book quality is the engine room of a bank, and its drivers — slippages, recoveries, provisioning — sit below what we hold for this name; the sections around it carry the reads we can stand behind.
The loan book We read the loan book through revenue — when the book grows, revenue grows with it. It is a rough proxy, and we say so: rate moves and fee swings can shift it a few points in any one year.
Motilal Oswal Financial Services Ltd's revenue grew +12.5% in FY26 to ₹9,381 Cr, so the book is growing. The latest quarter ran +25.2% year on year. The net margin on that income is 37.2%, −5.3 percentage points against a year ago.
FY26 revenue was ₹9,381 Cr, +12.5% on the year, and the latest quarter ran +25.2% year on year. The net margin on that revenue is 37.2% this quarter (−5.3 pp YoY) — growth with a narrowing margin on it.
The synthesis: a lender compounds when the book grows while the margin holds and the loan book stays clean — gross NPA is the loan-quality read we carry here.
Returns on equity and assets Two numbers usually rate a lender: ROE — what it earns on shareholder money — and ROA — what it earns on everything it deploys.
A clean annual return-on-equity ladder is not held for Motilal Oswal Financial Services Ltd. For an insurer especially the standard bank ratios are not the right lens, so this page does not force them onto the filings rather than estimating a series it cannot support.
We do not hold a clean annual return-on-equity series for Motilal Oswal Financial Services Ltd — for an insurer especially, the standard bank ratios are not the right lens, so this page does not force them. The revenue, margin and ownership sections above and below are the reads we stand behind.
Debt
For a bank, borrowings are raw material, not a warning sign — solvency is read through the returns and the loan book. A manufacturer’s debt is a claim against its profits, so the debt-to-equity lens that works everywhere else misleads on a lender and is not applied here.
A manufacturer’s debt is a claim against its profits; a bank’s borrowings are its inventory — money taken in to be lent out. The debt lens that works everywhere else misleads here, so this page does not apply it. The solvency questions for a bank — is the loan book sound, is the equity earning — are read through the loan-book and returns sections above.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 1.8 points of Motilal Oswal Financial Services Ltd over 8 quarters, the biggest move on the register. That takes promoters to 67.2% of the company. Domestic institutions moved +0.7 points over the same window, to 6.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −1.8 points over 8 quarters to 67.2%; Domestic institutions: +0.7 points over 8 quarters to 6.8%; Foreign institutions: +0.4 points over 8 quarters to 6.9%.
🚨 Why the register moved: promoters drove it (−1.8 points), absorbed on the other side by domestic institutions (+0.7 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Motilal Oswal Financial Services Ltd: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre. The Z-score was built for manufacturers and is not applied to banks and lenders, so solvency here is read from the capital and asset-quality lines instead.
The safety line in one sentence: the Z-score is omitted — it was built for manufacturers, not banks, and applying it here would be theatre.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Anand Rathi Wealth LtdANANDRATHI | 56.0/100Thin evidence · provisional59% evidence | TURNING | 26.5/35 Income 22.8% · PAT 45.2% 52% evidence | 16.8/25 ROA — · ROE 47.3% · GNPA — 34% evidence | 4.0/20 P/BV 34.51× · P/BV÷ROE 0.73 60% evidence | 8.7/20 RS sector -23.8% · RS bench 25.9% · 1Y -20.1%3 of 12 weeks ahead 100% evidence |
| Exact sum: 26.5 + 16.8 + 4 + 8.7 = 56 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 2Nuvama Wealth Management LtdNUVAMA | 55.4/100Mixed-positive evidence86% evidence | LEADER | 10.5/35 Income 12.8% · PAT 5.3% 86% evidence | 21.5/25 ROA 3% · ROE 27.4% · GNPA — 72% evidence | 3.4/20 P/BV 7.98× · P/BV÷ROE 0.29 90% evidence | 20.0/20 RS sector 22.1% · RS bench 23.3% · 1Y 22.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 10.5 + 21.5 + 3.4 + 20 = 55.4 · Decision use: Price leads the evidence: RS versus the benchmark is 23.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 3360 ONE WAM Ltd360ONE | 52.3/100Thin evidence · provisional59% evidence | TURNING | 24.2/35 Income 36.8% · PAT 19.5% 52% evidence | 14.8/25 ROA — · ROE 14.4% · GNPA — 34% evidence | 5.7/20 P/BV 4.69× · P/BV÷ROE 0.33 90% evidence | 7.6/20 RS sector -3.9% · RS bench 2.2% · 1Y 5.3%1 of 10 weeks ahead 70% evidence |
| Exact sum: 24.2 + 14.8 + 5.7 + 7.6 = 52.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 4Motilal Oswal Financial Services Ltdthis pageMOTILALOFS | 36.5/100Mixed-negative evidence86% evidence | FADING | 9.2/35 Income 14.9% · PAT -28.8% 86% evidence | 19.6/25 ROA 4.3% · ROE 15.5% · GNPA — 72% evidence | 5.4/20 P/BV 3.98× · P/BV÷ROE 0.26 90% evidence | 2.3/20 RS sector -3.7% · RS bench -2.8% · 1Y -5.4%11 of 12 weeks ahead 100% evidence |
| Exact sum: 9.2 + 19.6 + 5.4 + 2.3 = 36.5 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Motilal Oswal Financial Services Ltd's share price today?
Motilal Oswal Financial Services Ltd trades at ₹852, −7.6% over the past year. The company is valued at ₹51,300 Cr. The stock sits at 51% of its 52-week range of ₹663–₹1,036, −0.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 31 July 2026.
What were Motilal Oswal Financial Services Ltd's latest quarterly results?
Motilal Oswal Financial Services Ltd reported total income of ₹3,426 Cr and net profit of ₹1,274 Cr for the Jun 26 quarter. Income rose 25.2% and profit rose 9.5% year on year. Earnings per share were ₹21.14. The net margin was 37.2%, 5.3 pp lower than a year earlier. — as of 31 July 2026.
What is Motilal Oswal Financial Services Ltd's revenue?
Motilal Oswal Financial Services Ltd reported revenue of ₹3,426 Cr in the Jun 26 quarter, +25.2% year on year. For the full FY26 fiscal year, revenue was ₹9,381 Cr (+12.5%). Over the last 10 years revenue compounded at 24.1% a year. — as of 31 July 2026.
What is Motilal Oswal Financial Services Ltd's profit?
Motilal Oswal Financial Services Ltd earned ₹1,274 Cr of net profit in the Jun 26 quarter, +9.5% year on year. Full-year FY26 profit was ₹1,872 Cr. The net margin ran 37.2% in the latest quarter. — as of 31 July 2026.
What is Motilal Oswal Financial Services Ltd's market cap?
Motilal Oswal Financial Services Ltd's market capitalisation is ₹51,300 Cr at a share price of ₹852. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
What is Motilal Oswal Financial Services Ltd's P/BV ratio?
Motilal Oswal Financial Services Ltd trades at a P/BV of 4.0×, at the 60th percentile of its own 10-year range, against a long-run median of 3.4×. This is a comparison with the stock's own history, not a value call — as of 31 July 2026.
Does Motilal Oswal Financial Services Ltd pay a dividend?
Yes — Motilal Oswal Financial Services Ltd's dividend payout was 19% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Motilal Oswal Financial Services Ltd overvalued?
On its own history, Motilal Oswal Financial Services Ltd looks mid-range against its own history: its P/BV of 4.0× sits at the 60th percentile of its 10-year range (long-run median 3.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.
Is Motilal Oswal Financial Services Ltd growing?
Yes — Motilal Oswal Financial Services Ltd is growing: latest-quarter revenue +25.2% year on year, profit +9.5%, and the the net margin −5.3 pp at 37.2%. The 10-year compound rates are 24.1% (revenue) and 27.0% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Motilal Oswal Financial Services Ltd performing?
Motilal Oswal Financial Services Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's income rose 25.2% and profit rose 9.5% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
What stage is Motilal Oswal Financial Services Ltd in?
Deteriorating — profit and EPS growth are shrinking (profit growth −28.8% latest against +162.4% at its 12-quarter best), ROE slipping at 14.5%. The read comes from the last 12 quarters of growth (revenue growth +14.9% latest, profit growth −28.8% latest, eps growth −29.1% latest) plus the ROE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.
Is Motilal Oswal Financial Services Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading −0.1% versus its 200-day average and at 51% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Motilal Oswal Financial Services Ltd beating the market?
Not lately — on a trailing-13-week view Motilal Oswal Financial Services Ltd is currently behind the NIFTY 500 (2 weeks and counting; last ahead the week of 2026-07-17), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +1,095% against the NIFTY 500's +276% — ahead of the index over the full window. — as of 31 July 2026.
Will Motilal Oswal Financial Services Ltd's share price go up?
This page publishes no price forecast for Motilal Oswal Financial Services Ltd. What it measures instead: the share price is ₹852, the price is in a confirmed uptrend 8 weeks in. Its P/BV of 4.0× sits at the 60th percentile of its own 10-year range. — as of 31 July 2026.
Who owns Motilal Oswal Financial Services Ltd?
Promoters hold 67.2% of Motilal Oswal Financial Services Ltd, foreign institutions 6.9%, domestic institutions 6.8% and the public 19.1% (latest quarter). The biggest move on the register over the last two years: Promoters cut 1.8 points over 8 quarters. — as of 31 July 2026.
Is Motilal Oswal Financial Services Ltd's loan book healthy?
We do not hold quarterly loan-book quality numbers for Motilal Oswal Financial Services Ltd, so this page says that plainly. The cleanest available reads are revenue growth (+12.5% in FY26) and the net margin on it (37.2%) — as of 31 July 2026.
Where is Motilal Oswal Financial Services Ltd in its business cycle?
Motilal Oswal Financial Services Ltd's FY26 net margin was 20.0%, against a 13-year band of 8.1%–34.9%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 37.2%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Motilal Oswal Financial Services Ltd story?
The sharpest disagreement: Promoters moved −1.8 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Motilal Oswal Financial Services Ltd a stock worth studying right now?
This is not investment advice. The machine read: Motilal Oswal Financial Services Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.