Motilal Oswal Financial Services Limited (MOFSL) is a well-established, diversified financial services company in India. Founded in 1987, it has grown from a broking firm into a multi-business platform offering capital markets, asset & wealth management, and housing finance services. With operations in over 550 cities and a strong brand built on research-led investing, MOFSL appeals to both retail and institutional investors. This article provides a clear, fact-based outlook on its fundamentals and estimates a realistic Motilal Oswal share price target for 2026 through 2030.
Motilal Oswal: Company Overview
- Founded: 1987 in Mumbai
- Business Segments:
- Capital Markets: Broking, institutional equities, investment banking
- Asset & Wealth Management: Mutual funds, PMS, private equity
- Housing Finance: Through subsidiary Motilal Oswal Home Finance
- Customer Base: Over 16 lakh clients served via 2,500+ business locations
- Listed On: BSE (532892) and NSE (MOTILALOFS)
Motilal Oswal: Key Financial Snapshot
| Metric | Value |
|---|---|
| Market Capitalization | ₹47,789.93 Cr |
| Current Share Price | ₹795 (approx.) |
| P/E (TTM) | 49.61 |
| P/B (TTM) | 5.74 |
| Book Value (TTM) | ₹138.46 |
| EPS (TTM) | ₹16.02 |
| ROE | 21.70% |
| ROCE | 17.84% |
| Dividend Yield | 0.63% |
| Sales Growth (YoY) | 17.46% |
| Profit Growth (YoY) | -6.65% |
| Operating Revenue | ₹5,359.35 Cr |
| Net Profit | ₹1,391.33 Cr |
| Advances | ₹4,078.58 Cr |
| Face Value | ₹1 |
Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 67.62% |
| Public (Retail) | 19.02% |
| Foreign Institutions (FII) | 6.93% |
| Domestic Institutions (DII) | 6.42% |
| Others | 0% |
The promoter group—led by co-founders Raamdeo Agrawal and Motilal Oswal—holds a commanding stake, reflecting strong ownership alignment.
Motilal Oswal Share Price Target Forecast (2026–2030)
Based on fundamentals, historical valuation, sector dynamics, and analyst consensus, we estimate the following realistic price ranges:
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹800 – ₹1,000 |
| 2027 | ₹850 – ₹1,100 |
| 2028 | ₹900 – ₹1,200 |
| 2029 | ₹950 – ₹1,300 |
| 2030 | ₹1,000 – ₹1,400 |
⚠️ Note: Some online sources suggest targets as high as ₹3,000–₹27,000 by 2030. These are not credible and lack analytical basis. Our range reflects reasonable earnings growth, sustainable ROE, and current market sentiment.
Year-wise Breakdown
Motilal Oswal Share Price Target 2026
- Range: ₹800 – ₹1,000
- Rationale: Despite a high P/E (~50x), the company’s strong brand and diversified model support moderate upside. Analyst consensus suggests a 1-year target near ₹850–₹1,080.
Motilal Oswal Share Price Target 2027
- Range: ₹850 – ₹1,100
- Rationale: Recovery in profit growth and stabilization in capital markets revenue could justify a P/E of 45–50x.
Motilal Oswal Share Price Target 2028
- Range: ₹900 – ₹1,200
- Rationale: Growth in mutual fund AUM and private equity investments may improve margins and reduce reliance on volatile broking income.
Motilal Oswal Share Price Target 2029
- Range: ₹950 – ₹1,300
- Rationale: Continued expansion in wealth management and housing finance could drive consistent top-line growth.
Motilal Oswal Share Price Target 2030
- Range: ₹1,000 – ₹1,400
- Rationale: As India’s financial savings deepen, MOFSL is well-positioned to capture long-term tailwinds—but execution and competition will cap explosive returns.
Strengths vs Risks
✅ Strengths
- Strong founder-led governance and trusted brand
- High ROE (21.7%) and a healthy balance sheet
- Diversified revenue across high-growth financial segments
- Consistent, though modest, dividend history
⚠️ Risks
- Elevated valuation (P/E > 49) leaves little margin for error
- Recent profit volatility (Q2 FY26 net profit down 68% YoY)
- Regulatory uncertainty (e.g., SEBI’s proposed brokerage fee caps)
- Minor promoter holding reduction in recent quarters
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | Moderate to High |
| Time Horizon | Long-term (5+ years) |
| Volatility | Moderate |
| Dividend/Income | Low yield (0.63%) |
| Ideal Investor | Growth-focused, believes in India’s financialization story |
FAQs
Final Verdict
Motilal Oswal Financial Services is a high-quality franchise with deep roots in India’s financial ecosystem. While short-term headwinds have impacted profitability, its diversified model and brand strength offer resilience. Our 2026–2030 share price targets (₹800–₹1,400) reflect cautious optimism—balancing growth potential against current valuation and regulatory risks. Investors should wait for clearer signs of profit recovery before making fresh allocations.
📌 Disclaimer: These targets are for educational purposes only and are not investment advice. Always consult a SEBI-registered advisor before investing.
Sources
- Screener.in – Motilal Oswal Financial Services Ltd (Consolidated)
- Finology.in – Company Financials
- Company Investor Presentations (Q2 & Q3 FY26)
- BSE/NSE Filings – Shareholding and Announcements
- Reputable financial news reports on SEBI brokerage fee proposal (Nov 2025)
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
