Motilal Oswal Financial Services Ltd.
Banking · NSE
52-week range
₹615 – ₹1,088
From 52w high
-19.0%
RSI (14)
69.8
vs SMA 50 / 200
↑ 50 · ↑ 200
Motilal Oswal Financial Services trades at 877.1, up 29.8% over the past year and above both its 50-DMA (746.6) and 200-DMA (856.4). Trailing PE is 26.7 with a forward PE of 15.0, ROE of 15.6%, profit margin of 23.5%, and debt-to-equity of 164.4 on a rising trend. FY26 operating PAT grew 16% YoY to 2360 Cr, with asset management AUM up 34% and annuity revenues crossing 60% of total revenues.
- ✓5-year revenue growth of 152.3% reflects substantial top-line expansion, with FY26 annuity revenues reported above 60% of total revenues, indicating a structural shift toward recurring income relative to transaction-dependent broking revenue.
- ✓Forward PE of 15.0 represents a compression from the trailing PE of 26.7, implying consensus earnings growth expectations are embedded in forward estimates that materially reduce the prospective multiple.
- ✓Price is above both the 50-DMA (746.6) and 200-DMA (856.4), with 3-month and 1-year gains of 13.8% and 29.8% respectively, showing sustained positive price momentum across multiple time frames.
- ✓ROE of 15.6% ranks 2nd of 6 in the classified peer group, and FY26 asset management AUM growth of 34% alongside 16% operating PAT growth indicates improving operating leverage in the core business lines.
- ✗Debt-to-equity of 164.4 follows a rising trend; while structurally common in financial intermediaries, an increasing trajectory raises balance-sheet sensitivity to tightening credit conditions or margin call cycles.
- ✗FCF was positive in only 2 of the years available in the persistence dataset, and ROE exceeded 15% in only 3 years; the consistency score of 66 and quality score of 49 (3rd of 6 peers) reflect an uneven historical capital-return profile.
- ✗The 5-year earnings growth figure is unavailable, preventing reconciliation of the 152.3% revenue growth with bottom-line CAGR across the same period.
- ✗At 19.4% below the 52-week high, and with a single identified resistance at 888.8 only 1.3% above current price, the overhead zone before the prior high is narrow.
- ·FY26 results reported April 29-30 2026 showed operating PAT of 2360 Cr up 16% YoY, asset management AUM up 34%, and annuity revenues crossing 60% of total revenues; all 3 available news articles relate to this single earnings event.
- ·Analyst coverage stands at 4 analysts with a mean rating of 1.0 on a 1-5 scale (lower = more constructive); the small analyst count limits the statistical weight of the consensus figure.
- ·News sentiment is entirely positive across all 3 available articles, but the sample is concentrated on the earnings announcement window and does not represent a broader multi-event news distribution.
- ?Does the 34% AUM growth in asset management reflect structural market-share gains, or is it primarily driven by the equity market re-rating of the past year, and how resilient would AUM levels be in a sustained equity market drawdown?
- ?The forward PE of 15.0 represents a sharp compression from the trailing PE of 26.7; what earnings trajectory is implied, and how sensitive is that estimate to capital market activity levels given the broking and wealth management revenue mix?
- ?With D/E at 164.4 on a rising trend, what proportion of borrowings is linked to client margin financing versus own-book leverage, and how has net interest cost on those liabilities trended?
- ?Annuity revenues now exceed 60% of total revenues; at what annuity-revenue share does the business model become meaningfully less correlated to equity market cycles, and has that threshold been tested across a down-market year in the available data?
PE
26.7
Forward PE
15.0
ROE
+15.6%
Profit margin
+23.4%
D/E
164.42
Dividend yield
+1.3%
Quality score
49/100
ROE 5y above 15%
3/5 yrs
FCF 5y positive
2/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.