Motilal Oswal Financial Services Limited (MOTILALOFS) AI Stock Analysis

Motilal Oswal Financial Services Limited

(NSE:MOTILALOFS)

Select Model

Rating:58Neutral

Price Target:INR 962.00▼(-0.25% Downside)

Action:reiterated

Date:10/26/26

The score is driven primarily by solid financial growth and profitability, but is held back by rising leverage and uneven cash generation. Technically, the stock is in a weak short-term trend (below key moving averages and negative MACD), partially offset by oversold readings. Valuation is moderate-to-expensive on earnings with a low dividend yield, limiting upside support from pricing.

Positive Factors

Revenue GrowthStrong and accelerating revenue growth indicates expanding activity across MOFSL’s financial-services businesses. If sustained, the larger revenue base can support continued investment, strengthen operating scale, and provide a durable foundation for profitability over the next several quarters.

Negative Factors

Rising LeverageIncreasing debt and debt-to-equity levels indicate meaningful reliance on borrowing and reduce financial flexibility. Higher leverage can constrain future capital allocation and make earnings more sensitive to funding conditions or weaker market activity over the coming quarters.

Motilal Oswal Financial Services Limited (MOTILALOFS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 568.06B
Dividend Yield: 0.64%
Average Volume (3M): 67.39K
Price to Earnings (P/E): 21.0
Beta (1Y): 1.86
Revenue Growth: 44.44%
EPS Growth: 32.75%
Country: India
Employees: 12,459
Sector: General
Sector Strength: 55
Industry: Financial - Capital Markets

Motilal Oswal Financial Services Limited Business Overview & Revenue Model

Company Description

Motilal Oswal Financial Services Limited is an India-based company delivering a broad spectrum of financial solutions. Its operations span several key areas including broking, fund management, asset management and advisory, investment banking, and ho...

How the Company Makes Money

MOFSL primarily earns revenue by providing financial services and charging fees, commissions, and spreads across multiple business lines. Key revenue streams typically include: (1) Broking and trading-related income: brokerage fees and transaction-re...

Motilal Oswal Financial Services Limited Financial Statement Overview

Summary

Strong and accelerating revenue growth with generally healthy profitability, but the latest period shows net income declining despite higher revenue. Balance-sheet risk is rising due to elevated and increasing leverage, and cash flow/FCF have been volatile with a large swing from negative to positive over recent years.

Income Statement

78Positive

Balance Sheet

62Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	98.79B	94.16B	64.42B	51.74B	38.19B	36.68B
Gross Profit	49.92B	51.12B	35.26B	27.92B	20.33B	19.53B
EBITDA	30.42B	25.83B	45.78B	41.15B	18.63B	21.16B
Net Income	19.80B	18.69B	25.02B	24.41B	9.32B	13.10B
Balance Sheet
Total Assets	464.65B	434.68B	339.87B	318.29B	230.10B	169.23B
Cash, Cash Equivalents and Short-Term Investments	113.26B	134.83B	104.98B	127.51B	88.37B	39.79B
Total Debt	217.94B	212.55B	147.32B	137.46B	102.76B	61.52B
Total Liabilities	319.70B	305.16B	228.56B	230.60B	167.27B	112.23B
Stockholders Equity	144.29B	128.88B	110.79B	87.32B	62.52B	56.74B
Cash Flow
Free Cash Flow	-23.76B	14.29B	9.30B	-5.00B	-32.25B	9.56B
Operating Cash Flow	-23.45B	15.01B	12.15B	-3.50B	-30.58B	10.11B
Investing Cash Flow	-10.34B	-43.00B	-10.77B	-2.47B	-2.87B	-4.47B
Financing Cash Flow	7.83B	61.50B	7.45B	33.06B	37.84B	2.82B

Motilal Oswal Financial Services Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price964.40

Price Trends

50DMA1010.57Negative

100DMA964.70Negative

200DMA872.13Positive

Market Momentum

MACD-15.24Positive

RSI40.19Neutral

STOCH42.02Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MOTILALOFS, the sentiment is Negative. The current price of 964.40 is below the 20-day moving average (MA) of 1007.91, below the 50-day MA of 1010.57, and above the 200-day MA of 872.13, indicating a neutral trend. The MACD of -15.24 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 42.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MOTILALOFS.

Motilal Oswal Financial Services Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MOTILALOFS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ANGELONE	79Outperform	INR 258.83B	22.26	―	2.28%	21.45%	46.53%
IN:IIFLCAPS	69Neutral	INR 109.58B	17.74	―	0.86%	7.60%	3.87%
IN:5PAISA	65Neutral	INR 10.12B	28.05	―	―	8.94%	-23.92%
IN:JMFINANCIL	59Neutral	INR 103.21B	9.91	―	3.02%	-2.59%	-5.88%
IN:MOTILALOFS	58Neutral	INR 564.99B	21.02	―	0.64%	44.44%	32.75%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:EDELWEISS	46Neutral	INR 114.72B	16.35	―	1.24%	16.27%	44.44%

* General Sector Average

Performance Comparison

IN:MOTILALOFS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MOTILALOFS	Motilal Oswal Financial Services Limited	937.00	-64.37	-6.43%
IN:5PAISA	5paisa Capital Ltd.	323.90	12.35	3.96%
IN:ANGELONE	Angel One Limited	283.00	32.69	13.06%
IN:EDELWEISS	Edelweiss Financial Services Limited	121.20	7.16	6.28%
IN:IIFLCAPS	IIFL Capital Services Ltd	347.50	12.52	3.74%
IN:JMFINANCIL	JM Financial Limited	107.85	-55.46	-33.96%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 26, 2026

Motilal Oswal Financial Services Limited AI Stock Analysis