Motilal Oswal Financial Services Ltd.
NSE: MOTILALOFSMotilal Oswal Financial Services Ltd.: A 30-second snapshot
Motilal Oswal Financial Services trades at a PE of 26.44 (forward PE 14.44) with a profit margin of 22.96% and 5-year revenue growth of 23.9%, against 5-year earnings growth of just 8.7%. The stock is down 8.38% over the past year and sits 21.72% below its 52-week high, trading below both its 50-day (Rs.914.06) and 200-day (Rs.853.30) moving averages even as recent Q1FY27 results commentary was positive. Mean analyst rating is 1.0 across 5 analysts on a 1-5 scale where lower is more constructive.
P/E
26.4
Forward P/E
14.4
ROE
—
Debt / Equity
165.80
Profit Margin
+23.0%
Div. Yield
+1.3%
5Y ROE > 15%
2/5
5Y FCF > 0
1/5
Quality
58/100
News
8 headlines · 5 positive · 0 negative
MOTILALOFS: Operating PAT up 14% YoY to INR 609 crore, with annuity revenues at 66% of group total - TradingView
TradingView
MOTILALOFS: Operating PAT up 14% YoY, with asset and private wealth driving robust annuity-led growth - TradingView
TradingView
Motilal Oswal Financial Services Limited Reports Earnings Results for the First Quarter Ended June 30, 2026 - marketscreener.com
marketscreener.com
MOTILALOFS: Record Q1FY27 PAT, strong Asset & PWM growth, and AA+ credit rating highlight robust performance - TradingView
TradingView
MOTILALOFS: Record Q1FY27 PAT of ₹1,513 Cr driven by Asset & PWM growth and rising ARR share - TradingView
TradingView
Recent context
- ·Q1FY27 results reported around July 23-24, 2026 showed operating PAT up 14% YoY to Rs.609 crore and record quarterly PAT of Rs.1,513 crore, with management commentary attributing growth to Asset & PWM (private wealth management) expansion and a rising annuity/ARR revenue share.
- ·Coverage of the results period also referenced an AA+ credit rating alongside the earnings commentary.
- ·Despite the positive results-driven headlines, the 3-month price change is -3.37% and the stock remains below both its 50- and 200-day moving averages, consistent with the news-versus-price divergence flagged above.
Strengths
- +Q1FY27 operating PAT rose 14% YoY to Rs.609 crore, with reported record quarterly PAT of Rs.1,513 crore and annuity revenues cited at 66% of group total, per recent results coverage.
- +5-year revenue growth of 23.9% and a profit margin of 22.96% point to a growing top line alongside healthy margins.
- +Forward PE of 14.44 is well below the trailing PE of 26.44, indicating consensus estimates model higher near-term earnings.
- +Mean analyst rating of 1.0 across 5 analysts (1-5 scale, lower = more constructive), alongside recent news sentiment skewed positive (5 of 8 tracked items, 0 negative).
Weaknesses
- −Free cash flow was positive in only 1 of the years in the persistence dataset while the debt trend is recorded as rising; debt-to-equity (correctly scaled) is approximately 1.66x, a level that is structurally common for broking/NBFC groups but paired here with a weak cash-conversion pattern.
- −5-year earnings growth of 8.7% lags 5-year revenue growth of 23.9%, and ROE exceeded 15% in only 2 of the years assessed (consistencyScore 54/100); part of reported profit derives from mark-to-market gains on the firm's own investment book, which is more volatile than fee-based or annuity income.
- −The stock is down 8.38% over the past year and 21.72% below its 52-week high, trading below both the 50-day and 200-day moving averages with RSI at 34.42.
- −The assigned sector peer set (banks, an NBFC lender, an insurer) does not closely match a broking/wealth/asset-management business model, and priceChange1Y is unavailable for all 5 peers, limiting the reliability of the PE and quality-score rankings (both 3rd of 6).
Open questions
- ?What proportion of recent quarterly PAT reflects annuity/fee-based and PWM income versus mark-to-market gains on the firm's proprietary investment and treasury book, and how sensitive is reported profit to a reversal in those book gains?
- ?Given free cash flow was positive in only 1 of the years covered by the dataset, what is driving the gap between reported profit growth and cash conversion?
- ?How does a debt-to-equity of roughly 1.66x, used to fund margin-trading and lending books, compare against margin-financing or broking-specific peers rather than retail banks or an insurer?
- ?Does the current price sitting below both key moving averages and 21.72% off the 52-week high, despite constructive recent earnings headlines and analyst positioning, reflect a lag in market recognition, a broader sector move, or a company-specific factor?
Peer comparison: Banking
Ranks 3 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| MOTILALOFS | Motilal Oswal Financial Services Ltd.You're viewing | 26.4 | — | 47 |
| Industry avg | across 5 peers | 31.7 | +13.1% | 48 |
| AXISBANK | Axis Bank Ltd. | 13.8 | +13.3% | 70 |
| HDFCBANK | HDFC Bank Ltd. | 16.3 | +13.8% | 66 |
| BAJFINANCE | Bajaj Finance Ltd. | 35.1 | — | 47 |
| HDFCLIFE | HDFC Life Insurance Company Ltd. | 59.9 | +10.8% | 33 |
| BAJAJFINSV | Bajaj Finserv Ltd. | 33.3 | +14.6% | 23 |
Technical state
Current price
₹851.95
SMA 50
₹914.06
SMA 200
₹853.30
RSI (14)
34.4 (neutral)
From 52w high
-21.7%
1Y return
-8.4%
3M return
-3.4%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highFree cash flow was positive in only 1 of the years covered by the persistence dataset (implying negative FCF in the remaining years), and the debt trend over the same window is recorded as rising -- a cash-conversion pattern that stands out even though absolute leverage (debt-to-equity of ~1.66x, correctly scaled from the raw 165.8 reading) sits within ranges that are structurally common for broking/NBFC groups funding margin-trading and lending books.
- medium5-year earnings growth of 8.7% trails 5-year revenue growth of 23.9% by a wide margin, and ROE exceeded 15% in only 2 of the years assessed (consistencyScore 54/100). A meaningful share of this group's reported profit reflects mark-to-market gains on its own investment/treasury book rather than steady fee or annuity income, which is a more volatile earnings component than recurring revenue.
- lowPrice of Rs.851.95 sits below both the 50-day (Rs.914.06) and 200-day (Rs.853.30) moving averages, though only marginally below the 200-DMA, and is 21.72% below its 52-week high. RSI of 34.42 is in neutral-to-oversold territory.
- lowThe assigned peer set (Axis Bank, Bajaj Finserv, Bajaj Finance, HDFC Bank, HDFC Life) is drawn from retail banking, NBFC lending and insurance rather than broking, wealth-management or asset-management peers, and all 5 peers carry a null priceChange1Y -- limiting how much weight the PE (ranked 3rd of 6) and quality-score (ranked 3rd of 6) rankings can carry. Analyst coverage is also thin at 5 analysts.
Cross-section contradictions
- News sentiment over the recent window is positive (5 positive, 0 negative of 8 items), driven by record Q1FY27 PAT commentary, yet the stock is down 8.38% over the past year, down 3.37% over 3 months, and remains below both its 50-day and 200-day moving averages -- a mismatch between recent operating headlines and the price trend.
- The mean analyst rating of 1.0 across 5 analysts (1-5 scale, lower = more constructive) sits at the constructive end of the scale, while the stock trades 21.72% below its 52-week high and below both key moving averages -- a divergence between analyst positioning and recent price action.
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.
Fundamentals & technicals: refreshed 11 Aug 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Aug 2026 · rotates through NIFTY 500 every ~5 days