Financial Services · NSE/BSE: MOTILALOFS
Motilal Oswal Financial Services Limited
Stockbroking & Allied
Market Cap ₹0.57L Cr
Verdict: High
Quality Scores
Multi-Bagger
76/100
Compounder Quality
81/100
Management Credibility
82/100
Governance
85/100
Cash Flow Quality
58/100
AI Summary
Motilal Oswal Financial Services Limited (MOFSL) has evolved from a pure-play stockbroker into a diversified financial powerhouse with significant presence in Asset Management, Housing Finance, and Wealth Management. Over the last 10 years, the company has demonstrated healthy revenue and profit growth with CAGRs exceeding 20%, driven by increasing financialization of Indian savings. The group’s focus on 'Annual Recurring Revenue' (ARR), which now stands at 61% of net revenues, provides a stable buffer against the cyclical nature of capital markets. While the balance sheet is geared due to…
Top Opportunities
- Diversified business model (Broking, AMC, Wealth, Housing)
- High Annual Recurring Revenue (ARR) at 61%
- Strong 10-year revenue CAGR of 24%
Top Risks
- Extremely volatile Cash from Operations (CFO)
- Large spike in debt to 21,255 Cr in Mar 2026
- Increasing Debtor Days reaching 158 days
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