Motilal Oswal Financial Services Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MOTILALOFS, BSE:532892 Motilal Oswal Financial Services Ltd.

Motilal Oswal Financial Services Ltd.

25 Jan 2023

789.00

3.77%

Motilal Oswal Financial Services Limited

Buy: Motilal Oswal Financial Se...

Target

Keynote Capitals Ltd

Quarterly Update Q3FY23

Motilal Oswal Financial Services Ltd. has gained 20.76% in the last 1 Month

Motilal Oswal Financial Services Ltd.

16 Jan 2023

789.00

3.77%

Diversified play on capital markets; levers for growth exist in each segment

Buy: Motilal Oswal Financial Se...

Target

ICICI Securities Limited

Motilal Oswal (MOFSL) is well diversified in its business offerings which include flow-based broking (45%), stock-based asset/wealth management (WM)/distribution (22%), lending related to capital markets (11%), affordable housing (14%) and private equity/real estate segment (PE/RE) (4%) (all percentages of consolidated core operating revenue excl. interest on bank deposits).

Motilal Oswal Financial Services Ltd. has gained 28.43% in the last 3 Months

Motilal Oswal Financial Services Ltd.

30 Dec 2022

789.00

3.77%

Motilal Oswal Financial Services Limited

Buy: Motilal Oswal Financial Se...

Keynote Capitals Ltd

Initiating Coverage Report

Emkay decreased Buy price target of Motilal Oswal Financial Services Ltd. to 850.0 on 29 Apr, 2025.

Motilal Oswal Financial Services Ltd.

17 Mar 2021, 12:00AM

789.00

3.77%

Indian Brokerage Industry

Buy: Motilal Oswal Financial Se...

Target

ICICI Securities Limited

Emkay decreased Buy price target of Motilal Oswal Financial Services Ltd. to 850.0 on 29 Apr, 2025.

Motilal Oswal Financial Services Ltd.

07 Aug 2020

789.00

3.77%

Motilal Oswal Services

Buy: Motilal Oswal Financial Se...

Target

ICICI Securities Limited

Motilal Oswal (MOSL) reported a mixed Q1FY21 performance wherein broking revenue was healthy but asset & wealth management saw pressure. The topline stayed flat at | 633 crore (excluding MTM impact) while earnings increased 29% YoY to | 167 crore, led by MTM gains on investments....

Motilal Oswal Financial Services Ltd. has gained 16.08% in the last 1 Week

Motilal Oswal Financial Services Ltd.

23 Jan 2020

789.00

3.77%

Motilal Oswal Financial Services (3QFY20): Awaiting recovery in core business. Maintain SELL

Sell: Motilal Oswal Financial Se...

Recommendation Target

HDFC Securities

For the AMC business, we are concerned about fund raising, and regulatory clampdown. We remain wary of increased competition in broking. Lastly, despite much of the negatives in MOHL being factored in, the business needs to display scalability. We maintain a SELL with a TP of 711 i.e. 10/20x Broking/AMC business Dec-21E EPS. Key Risks: any sharp turnaround in fund raising and broking market activity, stronger scale up and lower stress in legacy book at MOHL. Treasury income (Rs 545mn, +82.3% beat), boosted MOFS (ex-MOHL) reported 3QFY20 PAT to Rs 1.49bn (+11.0/-3.1% YoY/QoQ). However 9MFY20 core cap markets/AMC performance remains weak as PBT declined 9.9/9.0% YoY. We tweak our estimates but retain SELL (unchanged TP of Rs 711), as core profit growth remains elusive.

Motilal Oswal Financial Services Ltd. has gained 20.76% in the last 1 Month

Motilal Oswal Financial Services Ltd.

23 Dec 2019

789.00

3.77%

Indian Broking Industry

Buy: Motilal Oswal Financial Se...

ICICI Securities Limited

The Indian broking industry has a large of number of players, many being proprietary in nature while large brokers still offer trading and investment services to customers. In terms of market share, as per active clients, top 10 brokers contribute ~63% in industry size. Among the same, top two brokers constitute ~15% of market share in active clients, followed by ~46% market share contributed by the next eight players. Top two players constitute 15% in ADTO of the market. Indian brokers have progressed from being pure brokers (bank led brokers & non-bank led full service brokers) to distributors...

Motilal Oswal Financial Services Ltd. has gained 28.43% in the last 3 Months

Motilal Oswal Financial Services Ltd.

25 Oct 2019

789.00

3.77%

Motilal Oswal Financial Services (2QFY20): Struggle continues. Maintain NEUTRAL

Neutral: Motilal Oswal Financial Se...

Target

HDFC Securities

With significant deterioration in macros, we anticipate slowdown in all business verticals. For the AMC business, we are concerned about fund raising, and regulatory clampdown. We remain wary of increased competition in broking. Lastly, despite much of the negatives in MOHL being factored in, the business needs to display scalability. We maintain a NEUTRAL with a TP of 645 i.e. 10/19x Broking/AMC business Sep-21EPS. Key Risks: any sharp turnaround in fund raising and broking market activity, stronger scale up and lower stress in legacy book at MOHL. Driven by higher than expected treasury income (Rs 270mn, -20.4% QoQ and capital markets PBT (Rs 653mn, -6.8/+9.6% YoY/QoQ), MOFS (ex-MOHL) reported a PBT of Rs 1.44bn (+7.1% vs. est.). RPAT (ex-MOHL) of Rs 1.54bn was 3.85x/37.2% YoY/QoQ mainly due to tax reversal. We marginally tweak our estimates and retain NEUTRAL with TP of Rs 645.

Motilal Oswal Financial Services Ltd. has gained 28.43% in the last 3 Months

Motilal Oswal Financial Services Ltd.

02 Aug 2019

789.00

3.77%

Motilal Oswal Financial Services (1QFY20): Challenging Macros. Maintain NEUTRAL

Neutral: Motilal Oswal Financial Se...

Recommendation Target

HDFC Securities

With significant deterioration in macros, we anticipate a substantial slowdown in all the business verticals over at least the next 2 quarters. For the AMC business, we are concerned about fund raising, fee renegotiations and regulatory clampdown impacting growth, while for broking we are wary of increased competition. Lastly, despite much of the negatives in MOHL being factored in, the business needs to display scalability and improvement in asset quality. Challenging macros compel us to downgrade our FY20E/21E earnings (ex-MOHL) by 16.3/16.7%; we also cut our multiples for the AMC business to 17x (-15%) and thus maintain a NEUTRAL with a TP of 545 (+9.3%). Key Risks: any sharp turnaround in fund raising and broking market activity, stronger scale up and lower stress in legacy book at MOHL. MOFS (ex-MOHL) reported an in-line APAT of Rs 1.12bn (-3.2% vs. est). APAT for AMC/capital markets segment were at Rs 409/356mn (-8.5/45.6% YoY). Difficult macros drive our earning cuts; retain NEUTRAL with TP of Rs 545.

Emkay decreased Buy price target of Motilal Oswal Financial Services Ltd. to 850.0 on 29 Apr, 2025.

Motilal Oswal Financial Services Ltd.

13 May 2019

789.00

3.77%

Motilal Oswal Financial Services (4QFY19): Sailing against the wind. Maintain SELL

Sell: Motilal Oswal Financial Se...

Target

HDFC Securities

On the AMC side we remain concerned about fund raising, fee renegotiations and regulatory clampdown, while on broking we are wary of increased competition. Lastly, despite much of the negatives in MOHL being factored in, the business needs to display scalability. Challenging macros compels us to retain SELL. Key Risks: Positive macro environment driving up fund raising and broking environment and stronger scale up in MOHL. Led by treasury gains and IB deal win, MOFS (ex-MOHL) reported APAT of Rs 1.38bn (+21.7% vs. est). Performance at the relatively structural businesses (broking + AMC) was in-line as difficult fund raising and highly competitive broking environment persist. Despite MOFS being a high quality franchise, tough macros compel our SELL rating with TP of Rs 650 (20x/10x AMC/Capital Markets FY21E PAT).

Motilal Oswal Financial Services Ltd. has gained 33.73% in the last 1 Year

Is Motilal Oswal Financial Services Ltd. worth buying?

311 Votes:

Buy 77.81%

Sell 11.25%

Hold 10.93%

RESEARCH REPORTS

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