ETMarkets.comICICI Securities has buy call on Motilal Oswal Financial Services with a target price of Rs 900. The current market price of Motilal Oswal Financial Services is Rs 736.4.
Motilal Oswal Financial Services, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10933.89 Crore) operating in NBFC sector.
Motilal Oswal Financial Services key Products/Revenue Segments include Commission, Interest, Income from Financial Services, Income from Brokerage & Commission, Income from Dividend, Other Operating Revenue and Rental Income for the year ending 31-Mar-2022.
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1327.27 Crore, up 74.49 % from last quarter Total Income of Rs 760.66 Crore and down -.11 % from last year same quarter Total Income of Rs 1328.76 Crore. Company has reported net profit after tax of Rs 509.02 Crore in latest quarter.
The company’s top management includes Mr.Raamdeo Agarawal, Mr.Motilal Oswal, Mr.Navin Agarwal, Mr.C N Murthy, Mr.Chandrashekhar Karnik, Mr.Pankaj Bhansali, Ms.Divya Momaya, Ms.Swanubhuti Jain. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 15 Crore shares outstanding.
Investment Rationale
There is opportunity for strong execution-based outperformance in most segments like gain in market share in broking, increasing relationship managers (RMs) in WM, better fund performance in AMC, improvement in asset quality in housing and establishing a multi-year cashflow stream from the PE/RE business. The brokerage likes the well-knit synergistic approach of the management towards all business groups and considers current valuation attractive (vs peers in respective industries) considering the strong brand, business potential and well-entrenched franchise of the company.
Promoter/FII Holdings
Promoters held 69.47 per cent stake in the company as of 31-Dec-2022, while FIIs owned 9.8 per cent, DIIs 5.95 per cent.
Motilal Oswal Financial Services, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10933.89 Crore) operating in NBFC sector.
Motilal Oswal Financial Services key Products/Revenue Segments include Commission, Interest, Income from Financial Services, Income from Brokerage & Commission, Income from Dividend, Other Operating Revenue and Rental Income for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1327.27 Crore, up 74.49 % from last quarter Total Income of Rs 760.66 Crore and down -.11 % from last year same quarter Total Income of Rs 1328.76 Crore. Company has reported net profit after tax of Rs 509.02 Crore in latest quarter.
The company’s top management includes Mr.Raamdeo Agarawal, Mr.Motilal Oswal, Mr.Navin Agarwal, Mr.C N Murthy, Mr.Chandrashekhar Karnik, Mr.Pankaj Bhansali, Ms.Divya Momaya, Ms.Swanubhuti Jain. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 15 Crore shares outstanding.
Investment Rationale
There is opportunity for strong execution-based outperformance in most segments like gain in market share in broking, increasing relationship managers (RMs) in WM, better fund performance in AMC, improvement in asset quality in housing and establishing a multi-year cashflow stream from the PE/RE business. The brokerage likes the well-knit synergistic approach of the management towards all business groups and considers current valuation attractive (vs peers in respective industries) considering the strong brand, business potential and well-entrenched franchise of the company.
Promoter/FII Holdings
Promoters held 69.47 per cent stake in the company as of 31-Dec-2022, while FIIs owned 9.8 per cent, DIIs 5.95 per cent.
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