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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Motilal Oswal Home Finance Limited Unlisted Share- Company Overview
Motilal Oswal Home Finance Limited formerly known as Aspire Home finance Corporation Limited. It was incorporated on 01 October 2013. The Company is registered with the National Housing Bank under section 29A of the National Housing Bank Act, 1987 with effect from 19 May 2014. MOHFL is primarily engaged into providing loans for purchase or construction of residential houses.
The company provides home loans to individuals and families for the purchase, construction, and extension of houses. It also provides loans for repair and renovation of houses and home loans to families in the new to credit, self-employed, cash salaried category where formal income proofs and Credit Bureaus reports are not easily available, and the repayment capacity of such families are appraised based on their cash flows and Internal Score Cards.
Motilal Oswal Home Finance Company Limited (MOHFL) is a professionally operated Home finance company composed of financially reliable and technically experienced promoters who are known for their professional ethics and strong leadership in their field.
Motilal Oswal Home Finance Company Limited is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). MOFSL is a diversified financial services company dedicated to creating wealth for all.
The company had signed an MOU with National Housing Bank (NHB) which is the Central Nodal Agency under the Pradhan Mantri Awas Yojana (PMAY) for the Credit Linked Subsidy Scheme (CLSS). It has assisted various economically weaker sections of society to claim subsidies under this scheme.
Motilal Oswal Home Finance Company Limited is operating in Nine states – Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Rajasthan, Chhattisgarh, Tamil Nadu, Telangana, and Andhra Pradesh. The company has 104 Branches across these nine states.
Motilal Oswal Home Finance Limited Share Details as of March 31, 2022
| MOHFL Outstanding Shares: | 6,027,091,515 |
| Face Value of MOHFL Unlisted Share: | Rs. 1 Per Equity Share |
| ISIN of MOHFL Unlisted Share: | INE658R01011 |
| Lot Size of MOHFL Unlisted Share: | 1000 Shares |
| MOHFL Share Price: | Best in Industry |
| PAN Number of MOHFL: | AAMCA0234H |
Incorporation Details of Motilal Oswal Home Finance Limited
MOHFL CIN Number |
U65923MH2013PLC248741 | |
MOHFL Registration Date |
01-Oct-2013 | |
Category / Sub-Category of MOHFL |
Public Company Limited by Shares | |
MOHFL Registered Office Address |
Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad West, Mumbai – 400064 | |
MOHFL Registrar & Transfer Agent Address and Contact Details |
Motilal Oswal Home Finance Limited Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel St. Depot, Prabhadevi, Mumbai 400025 Tel.No.:02238462384 | |
Motilal Oswal Home Finance Limited Board of Directors and Key Management
Mr. Motilal Oswal, Chairman & Non-Executive Director
Mr. Raamdeo Agarawal, Non-Executive Director
Mrs. Divya Momaya, Independent Director
Mr. P.H. Ravikumar, Independent Director
Motilal Oswal Home Finance Limited Principal Business Activities
| Name and Description of main products/services | NIC Code of the Product/ service | % to total turnover of the company |
| Housing Finance (other credit granting) – Home Loan, Loan against Property, and Construction Funding | 64920 | 100% |
MOHFL Particulars of Subsidiary, Associate and Holding Companies
| Name of the Company | Holding/Subsidiary /Associate | % of Shares Held |
| Motilal Oswal Financial Services Limited | Holding | 80.24% |
Shareholding Pattern of Motilal Oswal Home Finance Limited (As on 31-03-2024)
| S. No. | Category | No. of Shares | % of total Shares |
1 |
Promoters |
5,88,64,20,485 | 97.49% |
| 2 | Others | 15,14,43,890 | 2.51% |
| Total | 6,02,70,91,515 | 100% |
Housing Finance Industry Overview
As per ICRA’s report, the total outstanding housing finance credit for NBFC-HFC as on December 2021 stood at Rs. 11.9 lakh crores. Disbursements were impacted in Q1FY2022 due the second wave of the pandemic and the industry registered nil sequential growth in the on-book portfolio. However, with easing of the pandemic and opening of the economy, there was a sharp recovery in Q2FY2022 which continued for rest of the year as well. Increasing level of economic activity coupled with healthy demand in the industry are expected to result in a steady growth of disbursements going forward. Within HFCs, the affordable housing segment is expected to grow at a faster pace than the overall industry supported by robust demand and liquidity support from NHB. According to ICRA’s estimate, the HFC portfolio is expected to grow by 8-10% in FY2022 and 9-11% in FY2023.
The industry had an outstanding restructured book of 2.3% of the AUM as on September 30, 2021 as compared to 1.1% as on March 31, 2021 and the same was expected to have been improved to 2.0% as on December 31, 2021.
RBI’s notification providing clarification on the income recognition and asset classification (IRAC) norms had led to HFCs reporting an increase in the GNPAs in Q3FY2022. However, RBI extended the applicability of the same to October 1, 2022, which is expected to allow for smoother adoption of the same.
Motilal Oswal Home Finance Limited Balance Sheet (Rs in Lakhs)
|
Particulars |
31-03-2024 |
31-03-2023 |
|
ASSETS |
||
|
Financial Assets |
||
|
Cash and cash equivalents |
44,334 |
27,505 |
|
Bank balances other than above |
2,855 |
4,379 |
|
Loans |
4,03,177 |
3,77,284 |
|
Other financial assets |
1,534 |
1,511 |
|
Non-financial Assets |
||
|
Current tax assets (net) |
104 |
627 |
|
Deferred tax assets (net) |
1,455 |
1,795 |
|
Property, plant and equipment |
1,276 |
1,339 |
|
Other Intangible assets |
112 |
149 |
|
Other non-financial assets |
362 |
209 |
|
Total assets |
4,55,209 |
4,14,798 |
|
LIABILITIES AND EQUITY |
||
|
Financial liabilities |
||
|
Total outstanding dues of micro enterprises and small enterprises |
80 |
– |
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
1,059 |
469 |
|
Debt securities |
21,399 |
61,208 |
|
Borrowings (other than Debt securities) |
2,78,025 |
2,27,667 |
|
Other financial liabilities |
25,033 |
9,967 |
|
Non-financial liabilities |
||
|
Provisions |
553 |
439 |
|
Other non-financial liabilities |
346 |
276 |
|
EQUITY |
||
|
Equity share capital |
60,379 |
60,334 |
|
Share Application Money Pending Allotment |
21 |
– |
|
Other equity |
68,314 |
54,438 |
|
TOTAL LIABILITIES AND EQUITY |
4,55,209 |
4,14,798 |
Motilal Oswal Home Finance Limited Profit & Loss Statement (Rs in Lakhs)
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Revenue from operations |
||
|
Interest income |
55,822 |
51,342 |
|
Fees and other Income |
1,539 |
1,212 |
|
Net gains on fair value changes (Realised) |
438 |
126 |
|
Other income |
1,109 |
513 |
|
Total Income |
58,908 |
53,193 |
|
Finance cost |
25,042 |
21,856 |
|
Impairment on financial instruments (Provision for contingencies) |
1,193 |
1,893 |
|
Employee benefits expenses |
12,066 |
8,984 |
|
Depreciation and amortization expenses |
521 |
369 |
|
Other expenses |
2,958 |
2,537 |
|
Total Expenses |
41,780 |
35,639 |
|
Profit before tax for the year |
17,128 |
17,554 |
|
Current tax |
3,537 |
3,348 |
|
Deferred tax |
341 |
583 |
|
Prior Period tax |
-2 |
-13 |
|
Profit for the year |
13,252 |
13,636 |
|
Other comprehensive income |
||
|
Actuarial gain/(loss) on post-retirement benefit plans |
-7 |
20 |
|
Tax impact on the above |
2 |
-5 |
|
Total other comprehensive income |
-5 |
15 |
|
Total comprehensive income for the year |
13,247 |
13,651 |
|
Earnings per share: |
||
|
Basic |
0.22 |
0.23 |
|
Diluted |
0.22 |
0.23 |
Motilal Oswal Home Finance Limited Consolidated Cash Flow Statement (Rs in Lakhs)
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flows from operating activities: |
||
|
Profit/(loss) before tax: |
17,128 |
17,555 |
|
Adjustments: |
||
|
Depreciation and amortization |
521 |
369 |
|
Interest income |
-55,822 |
-51,342 |
|
Interest expense |
25,042 |
21,856 |
|
Employee share option scheme |
523 |
261 |
|
Provisions for employee benefits |
148 |
89 |
|
Other provisions |
-40 |
-45 |
|
Impairment on financial instruments |
1,193 |
1,893 |
|
Net gains on fair value changes |
-438 |
-126 |
|
Operating profit before working capital changes |
-11,745 |
-9,490 |
|
Adjustments for increase/ decrease in operating assets and liabilities: |
||
|
(Increase)/Decrease in Loans |
-27,085 |
-35,611 |
|
(Increase)/Decrease in Other financial assets |
-23 |
-789 |
|
(Increase)/Decrease in Other non-financial assets |
-152 |
-7 |
|
Increase/(Decrease) in Non financial liabilities |
70 |
24 |
|
Increase/(Decrease) in Trade payables |
670 |
-259 |
|
Increase/(Decrease) in Other financial liabilities |
14,964 |
-4,043 |
|
Interest Paid |
-24,978 |
-21,798 |
|
Interest Received |
55,221 |
50,987 |
|
Cash generated from/ (used in) operations |
6,942 |
-20,986 |
|
Less: Income taxes paid (net of refunds) |
-3,012 |
-2,932 |
|
Net cash inflow/(outflow) from operating activities |
3,930 |
-23,918 |
|
Cash flows from investing activities: |
||
|
(Purchase)/sale of property, plant and equipment’s |
-421 |
-811 |
|
Sale of commercial paper |
15,041 |
– |
|
Purchase of commercial paper |
-15,000 |
– |
|
Sale of mutual funds units |
3,07,922 |
84,122 |
|
Purchase of mutual funds units |
-3,07,485 |
-83,996 |
|
(Increase)/Decrease in deposits with original maturity of more than 3 months |
1,523 |
-136 |
|
Interest income on fixed deposit & certificate of deposit |
560 |
355 |
|
Net cash (outflow) from investing activities |
2,140 |
-466 |
|
Cash flows from financing activities: |
||
|
Proceeds from issue of share capital |
44 |
64 |
|
Proceeds from share application money pending allotment |
22 |
– |
|
Share Premium on issue of share capital |
106 |
100 |
|
Repayment of Debt securities |
-39,809 |
-13,412 |
|
Proceeds from Borrowings other than debt securities |
1,16,620 |
1,33,514 |
|
Repayment of Borrowings other than debt securities |
-66,262 |
-91,874 |
|
Payment towards lease liabilities |
102 |
451 |
|
Interest paid |
-64 |
-58 |
|
Net cash inflow/(outflow) from financing activities |
10,759 |
28,785 |
|
Net Increase/(Decrease) in Cash and cash equivalents |
16,829 |
4,401 |
|
Add: Cash and cash equivalents as at beginning of the year |
27,505 |
23,104 |
|
Cash and cash equivalents at end of the year* |
44,334 |
27,505 |
|
*Component of Cash and cash equivalents |
||
|
Cash and cash equivalents |
5,316 |
17,403 |
|
Deposits with maturity of less than 3 months |
39,018 |
10,102 |
|
Total |
44,334 |
27,505 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flows from Operating Activities
Profit/(Loss) Before Tax:
The profit before tax slightly decreased from ₹17,555 in 2023 to ₹17,128 in 2024, indicating a marginal decline in pre-tax profitability.
Adjustments:
Depreciation and Amortization: Increased from ₹369 in 2023 to ₹521 in 2024, reflecting higher charges for the use and wear of fixed assets.
Interest Income: Increased from ₹51,342 in 2023 to ₹55,822 in 2024, indicating higher earnings from interest-bearing assets.
Interest Expense: Increased from ₹21,856 in 2023 to ₹25,042 in 2024, suggesting a rise in borrowing costs.
Employee Share Option Scheme: Increased from ₹261 in 2023 to ₹523 in 2024, showing a higher expense related to employee stock options.
Provisions for Employee Benefits: Increased from ₹89 in 2023 to ₹148 in 2024, indicating an increase in employee-related provisions.
Other Provisions: Decreased slightly from ₹45 in 2023 to ₹40 in 2024.
Impairment on Financial Instruments: Decreased from ₹1,893 in 2023 to ₹1,193 in 2024, indicating lower provisions for impairments.
Net Gains on Fair Value Changes: Increased from ₹126 in 2023 to ₹438 in 2024, reflecting higher gains from fair value adjustments.
Operating Profit Before Working Capital Changes:
The operating loss increased from ₹9,490 in 2023 to ₹11,745 in 2024, indicating a deeper loss before adjustments for working capital.
Adjustments for Increase/Decrease in Operating Assets and Liabilities:
(Increase)/Decrease in Loans: Loans decreased less in 2024 (₹27,085) compared to 2023 (₹35,611).
(Increase)/Decrease in Other Financial Assets: A smaller decrease from ₹789 in 2023 to ₹23 in 2024.
(Increase)/Decrease in Other Non-Financial Assets: A decrease from ₹7 in 2023 to ₹152 in 2024.
Increase/(Decrease) in Non-Financial Liabilities: A slight increase from ₹24 in 2023 to ₹70 in 2024.
Increase/(Decrease) in Trade Payables: Trade payables increased from a decrease of ₹259 in 2023 to an increase of ₹670 in 2024.
Increase/(Decrease) in Other Financial Liabilities: A significant increase from a decrease of ₹4,043 in 2023 to an increase of ₹14,964 in 2024.
Interest Paid: Increased slightly from ₹21,798 in 2023 to ₹24,978 in 2024.
Interest Received: Increased from ₹50,987 in 2023 to ₹55,221 in 2024.
Cash Generated from/ (Used in) Operations:
The company generated ₹6,942 from operations in 2024, compared to a negative cash flow of ₹20,986 in 2023, showing a significant improvement.
Income Taxes Paid (Net of Refunds):
Taxes paid increased slightly from ₹2,932 in 2023 to ₹3,012 in 2024.
Net Cash Inflow/(Outflow) from Operating Activities:
The company recorded a net cash inflow of ₹3,930 in 2024 compared to a net outflow of ₹23,918 in 2023, indicating a positive shift in operating cash flow.
Cash Flows from Investing Activities
(Purchase)/Sale of Property, Plant, and Equipment:
Expenditure on property and equipment decreased from ₹811 in 2023 to ₹421 in 2024.
Sale of Commercial Paper:
Proceeds from the sale of commercial paper were ₹15,041 in 2024, with no comparable figure for 2023.
Purchase of Commercial Paper:
Purchase of commercial paper was ₹15,000 in 2024, with no comparable figure for 2023.
Sale of Mutual Fund Units:
Proceeds from mutual fund sales increased significantly from ₹84,122 in 2023 to ₹307,922 in 2024.
Purchase of Mutual Fund Units:
Purchases of mutual fund units increased from ₹83,996 in 2023 to ₹307,485 in 2024.
(Increase)/Decrease in Deposits with Original Maturity of More Than 3 Months:
There was an increase in deposits with maturities over three months by ₹1,523 in 2024 compared to a decrease of ₹136 in 2023.
Interest Income on Fixed Deposit & Certificate of Deposit:
Interest income from fixed deposits increased from ₹355 in 2023 to ₹560 in 2024.
Net Cash (Outflow) from Investing Activities:
The company recorded a net cash inflow of ₹2,140 in 2024, a reversal from the net outflow of ₹466 in 2023.
Cash Flows from Financing Activities
Proceeds from Issue of Share Capital:
Proceeds from share capital issuance were ₹44 in 2024, down from ₹64 in 2023.
Proceeds from Share Application Money Pending Allotment:
Received ₹22 in 2024, with no comparable figure for 2023.
Share Premium on Issue of Share Capital:
The share premium increased slightly from ₹100 in 2023 to ₹106 in 2024.
Repayment of Debt Securities:
Repayments increased significantly from ₹13,412 in 2023 to ₹39,809 in 2024.
Proceeds from Borrowings Other Than Debt Securities:
Proceeds decreased from ₹133,514 in 2023 to ₹116,620 in 2024.
Repayment of Borrowings Other Than Debt Securities:
Repayments decreased from ₹91,874 in 2023 to ₹66,262 in 2024.
Payment Towards Lease Liabilities:
Lease payments were ₹102 in 2024, down from ₹451 in 2023.
Interest Paid:
Interest payments increased slightly from ₹58 in 2023 to ₹64 in 2024.
Net Cash Inflow/(Outflow) from Financing Activities:
Net cash inflow decreased significantly from ₹28,785 in 2023 to ₹10,759 in 2024.
Effect of Foreign Exchange Rates on Cash and Cash Equivalents (Net)
The effect of foreign exchange rates resulted in a net outflow of ₹814 in 2024, compared to ₹16,623 in 2023, showing reduced impact from foreign exchange fluctuations.
Net Increase/(Decrease) in Cash and Cash Equivalents
The net increase in cash and cash equivalents was ₹16,829 in 2024, up from ₹4,401 in 2023, reflecting improved cash generation.
Cash and Cash Equivalents at the Beginning and End of the Year
Beginning Balance: The opening balance increased from ₹23,104 in 2023 to ₹27,505 in 2024.
Ending Balance: The closing balance increased significantly from ₹27,505 in 2023 to ₹44,334 in 2024.
Components of Cash and Cash Equivalents
Cash and Cash Equivalents: Decreased from ₹17,403 in 2023 to ₹5,316 in 2024.
Deposits with Maturity of Less Than 3 Months: Increased from ₹10,102 in 2023 to ₹39,018 in 2024.
Total: The total cash and cash equivalents increased from ₹27,505 in 2023 to ₹44,334 in 2024.
Financial Ratios of Motilal Oswal Home Finance Limited
|
Particulars |
2024 |
2023 |
|
Gross non performing asset ratio (GNPA %) |
0.86% |
1.07% |
|
Net non performing asset ratio (NNPA %) |
0.42% |
0.55% |
|
Net Debt-to-Equity Ratio |
1.96 |
2.24 |
|
Capital to risk-weighted asset ratio (CRAR) |
51.00% |
50.94% |
|
Tier I CRAR |
49.75% |
49.81% |
|
Tier II CRAR |
1.25% |
1.13% |
Here is a summary of the financial and operational metrics for Motilal Oswal Home Finance Limited for the year 2024 & 2023:
Gross Non-Performing Asset Ratio (GNPA%):
2024: 0.86%
2023: 1.07%
Insight: The GNPA ratio has improved, decreasing from 1.07% to 0.86%. This indicates a reduction in the proportion of gross non-performing assets relative to the total loans, reflecting better asset quality and effective credit risk management.
Net Non-Performing Asset Ratio (NNPA%):
2024: 0.42%
2023: 0.55%
Insight: The NNPA ratio has also improved, decreasing from 0.55% to 0.42%. This further signifies a decline in net non-performing assets, suggesting that the company has effectively managed and mitigated credit losses.
Net Debt-to-Equity Ratio:
2024: 1.96
2023: 2.24
Insight: The net debt-to-equity ratio has decreased from 2.24 to 1.96. This reduction indicates the company has lowered its leverage, improving its financial stability and reducing financial risk.
Capital to Risk-Weighted Asset Ratio (CRAR):
2024: 51.00%
2023: 50.94%
Insight: The CRAR has slightly increased from 50.94% to 51.00%. This marginal improvement demonstrates that the company has maintained a strong capital position relative to its risk-weighted assets, ensuring robust capital adequacy.
Tier I CRAR:
2024: 49.75%
2023: 49.81%
Insight: The Tier I CRAR has slightly decreased from 49.81% to 49.75%. Despite this minor decrease, the ratio remains high, indicating a strong core capital base, which is crucial for absorbing losses and maintaining financial stability.
Tier II CRAR:
2024: 1.25%
2023: 1.13%
Insight: The Tier II CRAR has increased from 1.13% to 1.25%. This increase signifies a slight improvement in supplementary capital, which enhances the overall capital adequacy of the company.
Dividend History
|
Particulars |
2024 |
2023 |
|
Dividend Per Share |
– |
– |
|
Retained Earnings (Rs. In Lakhs) |
28,223 |
17,626 |
Motilal Oswal Home Finance Limited Recent Financial Performance
Dividend per Share: The specific dividend per share figure for 2024 and 2023 is not provided, Dividend per share represents the portion of a company ‘s earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.
Retained Earnings: Retained earnings for 2024 amounted to Rs. 28,223 Lakhs, while in 2023, they were Rs. 17,626 Lakhs. Retained earnings represent the portion of a company ‘s profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.
To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company ‘s financial health and performance.
