Motilal Oswal Home Finance

Motilal Oswal Home Finance

Fundamentals

Quick Insights

  • Parental Support: MOHFL, a subsidiary of Motilal Oswal Financial Services (MOFSL), benefits from strong backing, with the parent holding a 98% stake. MOFSL, a leader in capital markets, provides diverse services such as broking, asset management, and investment banking, ensuring MOHFL’s growth and stability.
Market Cap₹12,377.62 Cr
PE Ratio93.18
EPS₹0.22
Dividend Yield-
Book Value₹2.13 Cr
Debt/Equity2.16
Price/Book9.62
Price/Sales-
Industry PE-
Sales₹577.99 Cr
Profit After Tax₹132.52 Cr
Share Capital₹604 Cr
Shares Outstanding-
ISININE658R01011
SectorFinancial Services/Mortgages
Symbol-
About Company

MOHFL, the housing finance subsidiary of MOFSL, was incorporated in October 2013 and received its certificate of registration as a housing finance institution from NHB in May 2014. It commenced operations on May 22, 2014. As of June 30, 2024, the company’s loan portfolio stood at Rs 4,098 crore.

Latest News
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Strengths & Weaknesses

Strengths

Parental Support: MOHFL, a subsidiary of Motilal Oswal Financial Services (MOFSL), benefits from strong backing, with the parent holding a 98% stake. MOFSL, a leader in capital markets, provides diverse services such as broking, asset management, and investment banking, ensuring MOHFL’s growth and stability.
Solid Capitalization: MOFSL’s healthy capitalization, with a consolidated net worth of Rs 8,768 crore and gearing of 1.6x, supports MOHFL's operations. The company also maintains a solid capital adequacy ratio and expects continued capital support from its parent
Resource Mobilization: MOHFL benefits from its association with MOFSL for raising funds, with borrowings of Rs 3,000 crore as of June 2024. The company's cost of borrowing is stable at around 8.4%.

Weaknesses

Track Record in Scaling Lending: MOHFL faced asset quality issues in 2018 and 2019, with NPAs rising to 9.3% by March 2019. However, corrective measures, including strengthening management and improving collections, have led to improved asset quality and reduced slippages.
Slow Loan Book Growth: Due to legacy asset quality challenges, the company curtailed disbursements in 2019 and 2020. While growth has resumed, the loan book remains relatively flat, and the company’s ability to scale operations profitably in the current economic environment is a key focus area.
Annual Reports
FY FY FY FY FY
Balance SheetFY2024FY2023FY2022FY2021FY2020FY2019
Equity Capital604.00603.34602.71601.78600.87601.30
Reserves683.14544.38404.26307.75225.74266.08
Total Equity1,287.141,147.721,006.97909.53826.61867.39
Borrowings0.000.000.000.000.000.00
Provision5.534.394.153.042.762.56
Other Non-Current Liabilities3.462.762.511.392.893.51
Total Non current Liabilities8.997.156.664.435.656.08
Borrowings2,780.252,276.671,860.271,703.211,550.551,439.79
Provisions0.000.000.000.000.000.00
Other Current Liabilities475.02716.44889.121,280.412,185.271,574.15
Total Current Liabilities3,255.962,993.112,749.392,983.623,735.833,013.93
Equity + Liabilities4,552.094,147.983,763.023,897.584,568.083,887.39
Fixed Assets (incl. WIP)13.8814.8810.459.0514.1915.93
Other Non Current Assets19.2126.3136.2160.62147.94113.37
Total Non current Assets33.0941.1946.6669.67162.13129.30
Trade Receivables0.000.000.154.972.451.25
Cash & Cash Equivalents443.34275.05231.04319.5979.97113.42
Other Current Assets4,075.663,831.743,485.173,503.354,323.543,643.42
Total Current Assets4,519.004,106.793,716.363,827.914,405.953,758.09
Total Assets4,552.094,147.983,763.023,897.584,568.083,887.39
Profit & LossFY2024FY2023FY2022FY2021FY2020FY2019
Revenue from Operations577.99526.80521.70539.19573.00641.47
Growth %9.72%0.98%-3.24%-5.90%-10.67%0
Operating Expenses162.17134.14174.17159.70165.47451.42
Growth %20.90%-22.98%9.06%-3.49%-63.34%0
Operating Profit415.82392.66347.53379.49407.54190.05
Op. Profit Margin %71.94%74.54%66.61%70.38%71.12%29.63%
Other Income11.095.134.506.333.446.95
Finance Costs250.42218.56229.03288.90343.26404.06
Depreciation5.213.694.696.476.804.49
Profit Before Tax171.28175.54118.3190.4560.92-211.56
Tax38.7639.1823.4250.2221.84-74.67
Tax %6.71%7.44%4.49%9.31%3.81%-11.64%
Profit After Tax132.52136.3694.8940.2339.08-136.88
Growth %-2.82%43.70%135.87%2.95%-128.55%0
PAT %22.93%25.88%18.19%7.46%6.82%-21.34%
Diluted EPS0.220.230.160.070.06-0.25
Shareholding Pattern
ColorShareholderHolding
Motilal Oswal Financial Services Limited75.30%
Motilal Oswal Asset Management Company Limited0.00%
Motilal Oswal Investment Advisors Limited4.30%
Motilal Oswal Wealth Limited8.00%
Motilal Oswal Finvest Limited9.90%
Mr. Motilal Oswal0.00%
Mr. Raamdeo Agrawal0.00%
Others2.50%
Board of Directors
Mr. Motilal OswalChairman & Non-Executive Director
Mr. Raamdeo AgarawalNon-Executive Director
Mr. Sukesh BhowalManaging Director and Chief Executive Officer
Mrs. Divya MomayaIndependent Director
Mr. P. H. RavikumarIndependent Director
Mrs. Neha GadaIndependent Director
Senior Management
Mr. Bhavin ShahChief Financial Officer
Mr. Sunny GanatraMr. Sunny Ganatra
Mr. Sukesh BhowalManaging Director and Chief Executive Officer

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