Motilal Oswal Financial Services: PAT growth of 159% & revenue growth of 32% for 9M-24 at a PE of 14
MOTILALOFS is guiding for 15-20% operating PAT growth. MOTILALOFS is guiding to grow its net worth at a CAGR of 22% in line with historical growth trends.
1. Financial Services firm
motilaloswalgroup.com | NSE: MOTILALOFS
2. FY14-23: PAT CAGR of 31%
FY19-23: Revenue CAGR of 13%
3. Weak FY23: PAT down 29% & Revenue up 8%
4. Strong H1-24: PAT up 96% & Revenue up 32% YoY
5. Strong Q3-24: PAT up 222% & Revenue up 30% YoY
PAT up 39% & Revenue up 2% QoQ
6. Strong 9M-24: PAT up 159% & Revenue up 32% YoY
7. Business metrics: Strong and improving return ratios
Average ROE =26%
8. Strong outlook: Net worth growth CAGR of 22%
9. PAT growth of 159% & Revenue growth of 32% in 9M-24 at a PE of 14
10. So Wait and Watch
If I hold the stock then one may continue holding on to MOTILALOFS
Based on 9M-24 performance, MOTILALOFS looks on track to deliver the strongest PAT in FY24
MOTILALOFS is in the middle of a strong run and has delivered sequential QoQ growth in PAT in the last four consecutive quarters starting from Q4-23
11. Join the ride
If I am looking to enter MOTILALOFS then
MOTILALOFS has delivered PAT growth of 159% and revenue growth of 32% in 9M-24 at a PE of 14 which makes the valuations attractive in the short term.
MOTILALOFS has a long term track record of PAT CAGR of 31% and are guiding for operating PAT growth of 15-20% along with 18.5% IRR on their investment book at a PE of 14 which makes the valuations attractive from the longer term
MOTILALOFS guiding to grow its net worth at the same pace as its long term net worth growth at 22% CAGR at a PE of 14 makes the valuations attractive from the longer term
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