Fundamental Analysis

MOTILAL OSWAL FINANCIAL SERVICES LTD.

Ticker : 532892 
BUY : Rs 708.10 
Target : Rs 800

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products & services. On a quarterly consolidated financial front, the income from interest was reported at Rs 210.56 crore for Q4FY21, which is an increase of 9.97 per cent as compared to Rs 191.46 crore reported for Q4FY20. The total income calculated for Q4FY21 rose significantly by 86.2 per cent to Rs 1,143.78 crore from Rs 613.96 crore in Q4FY20. For Q4FY21, the company reported a net profit of Rs 461.38 crore as against a net loss of Rs 237.04 crore incurred in Q4FY20. The company has reported the highest annual revenue and profit in Q4FY21. It also has registered the highest-ever gains on fund-based investments. The capital markets segment of the company also witnessed substantial new client's addition, having attractive growth of more than 150 per cent YoY at 6.2 lakhs in FY21. Hence, we recommend BUY.