Motilal Oswal Home Finance Ltd Unlisted Shares
Motilal Oswal Financial Services Ltd.
Motilal Oswal Financial Services Ltd. (MOFSL) was founded in 1987 as a small sub-broking unit, with just 2 people running the show. Focus on customer-first attitude, ethical and transparent business practices, respect for professionalism, research based value investing and implementation of cutting-edge technology have enabled us to blossom into an over 6000 member team.
Today we are a well-diversified financial services firm offering a range of financial products and services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, and Home Finance.
We have a diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients. We are headquartered in Mumbai and as of December 2019, had a network spread over 550 cities and towns comprising 2500+ Business Locations operated by our Business Partners and us and 20,00,000+ customers.
Research is the solid foundation on which MOFSL advice is based. Almost 10% of revenue is invested in equity research and we hire and train the best resources to become our advisors. At present we have 25+ research analysts’ researching over 250 companies across 20 sectors. From a fundamental, technical and derivatives research perspective, Motilal Oswals research reports have received wide coverage in the media.
Our consistent efforts towards quality equity research have reflected in an increase in the ratings and rankings across various categories in the AsiaMoney Brokers Poll over the years. We have also been awarded the Best Performing Equity Broker (National) at the CNBC TV18 Financial Advisor Awards for five years in a row & got inducted in ‘Hall of Fame’ at the 10th Financial Advisory Awards 2019.
Financial Services
Knowledge First.
Motilal Oswal Financial Services (MOFSL), is a well-diversified financial services company focused on wealth creation through knowledge. The company was founded in 1987 as a small sub-broking unit with two promoters and a peon.
Today, we are a multi-faceted financial services company with a presence in over 550 cities through 2500+ business locations; ably managed by a team of over 6000 employees. This network of business locations coupled with people across business units and a diverse range of financial expertise works synergistically to provide a host of products and services across Retail and Institutional Broking, Private Wealth Management, Investment Banking, Private Equity, Asset Management and Home Finance. All these businesses are headquartered in a single location at Motilal Oswal Tower, Mumbai to provide sharing and synergy of knowledge under one roof.
Motilal Oswal Group has been conferred with ‘Brand of The Year’ at the CNBC TV18 Indian Business Leadership Awards 2018. We have also been recognized among India’s top 20 BFSI companies to work with (3 years in a row) by Great Place To Work® Institute – India.
Shareholding Pattern:
| Shareholder Name | Shareholding |
| Motilal Oswal Financial Services Limited | 80.30% |
| Motilal Oswal Finvest Limited | 9.98% |
| Motilal Oswal Wealth Management Limited | 3.20% |
| Motilal Oswal Investment Advisors Limited | 4.33% |
Financials of Motilal Oswal Home Finance Limited Unlisted Shares:
(Fig. in Crores)
| Particulars | 2017 | 2018 | 2019 | 2020 | 2021 |
| Revenue from operations | 570 | 662 | 648 | 576 | 546 |
| Expense | 445 | 613 | 859 | 515 | 455 |
| PAT | 82 | 31 | -136 | 39 | 40 |
| Book Value | 1.31 | 1.5 | 1.37 | 1.44 | 1.52 |
| Face Value | 1 | 1 | 1 | 1 | 1 |
Key Highlights of FY17-18
(i) Loan book- 4,863,+17% YoY
(ii) NIM – 4.1% NNPA-3.3%
(iii) Provision Coverage – 35%.
(iv) Debt to equity – 4.9x.
(v) Cost to income – 38%.
(vi) Capital adequacy – 38%
Key Highlights of FY18-19
(i) They cater to pure-retail affordable housing space through Motilal Oswal Home Finance (previously known as Aspire Home Finance Corporation).
(ii) During the year, they concentrated efforts on re-building the home finance business in terms of processes, systems, manpower, and structure to strengthen the business. As a result, they have followed a conservative approach in disbursements which stood at Rs 290 crores in FY2019.
(iii) The loan book stood at Rs 4,357 crores across 52,000+ families as of Mar 2019.
(iv) The average ticket-size continued to be lower at Rs 8.5 lakhs in FY2019. They have put in place a vertical organization structure comprising sales, credit, collection, and legal team.
(v) The implementation of the cluster-level credit layer along with 5 layer credit approval system based on loan ticket sizes and differentiated pricing methodology for loans based on risk type should likely result in improved underwriting, going forward.
(vi) Macro-economic events like demonetization, RERA, and GST and absence of the collection engine coupled with a lack of vertical structure earlier led to a surge in NPAs. This year they have written off loans worth Rs. 290 crore in FY2019 as a conservative policy. They are expecting the recoveries from write off the pool, given the robust collections and legal team now in place.
(vii) Motilal Oswal Group has infused Rs 200 crores during the year and this takes the total capital infused to Rs. 850 crores.
(viii) There ~57% of the borrowings come from the capital markets in the form of NCDs and ~43% from banks.
Key Highlights of FY19-20
(i) The loan book stood at 3,667 crores across 47,900 families as of March 2020.
(ii) In FY20, MOHF has sold assets worth 595 cr to Phoenix ARC for consideration of 293 cr this has resulted in a significant reduction of the GNPA & NNPA rates to 1.81% and 1.36% respectively. This has resulted in getting funds at a lower cost.
(iii) The company this year has boosted its all 4 verticals which are pillars in the lending business i.e. sales, credit, collection, and legal. Currently, they have 430 employees in these verticals. They have also learned from the past and working vigorously to streamline their underwriting.|(iv) MOHFL also received credit rang upgrade amid challenging environment based on several positive changes undertaken. CRISIL has upgraded MOHFL’s rang to AA- (stable) from earlier A+ (stable).
(v) In FY19-20, the MOHF has distributed loan worth Rs 190 crores for home purchase, construction, repair, and renovation. The disbursement of loans has been done with collateral first policy and after passing through several stringent checks and balances. This shows that the company is putting a lot of effort into underwriting, to reduce NPAs in the future.
Key Highlights of FY20-21
(i) Loan book stands at Rs. 3,512 crores as on 31st March, 2021
(ii) Net Worth of Rs.910 crores as on 31st March, 2021
(iii) Profit stood at Rs. 40 crores during FY21.
(iv) NIM – 6.1%.
(v) GNPA – 2.2% and NNPA – 1.5%
(vi) Disbursements in FY21 grew by 42% YoY to Rs.273 crores.
(vii) Raised Rs. 1,477 crores in FY21 at 7.5%.
- Annual Report 2019-20
- Annual Report 2018 – 19
- Annual Report 2017 -18
- Annual Report 2016-17
- ANNUAL REPORT 2015 -16
- MOFSL AGM NOTICE 2016
- AGM Voting Results and Scrutinizers Report
- Annual Report 2014-15
- MOFSL Postal Ballot Form & Notice
- MOSL AGM Notice 2014
- Annual Report 2013-14
- Annual Report 2012-13
- Annual Report 2011-12
- Annual Report 2010-11
- Annual Report 2009-10
- Annual Report 2008-09
- Annual Report 2007-08
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