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, 2025
MOHFL Outstanding Shares: |
599313828 |
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 |
GST Number of MOHFL: |
27AAMCA0234H1ZW |
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 31-03-2025)
|
S. No. |
Category |
No. of Shares |
% of total Shares |
1 |
Promoters |
40,99,79,768 |
68.41% |
|
2 |
Others |
18,93,34,060 |
31.59% |
|
Total |
599313828 |
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 Consolidated Balance Sheet (Rs in Lakhs)
| Particulars | 31-03-2025 | 31-03-2024 |
| Financial assets | ||
| Cash and cash equivalents | 6,60,023 | 5,28,567 |
| Bank balance | 3,89,750 | 6,78,564 |
| Receivables | ||
| Trade receivables | 2,40,360 | 1,91,812 |
| Other receivables | 113 | 8 |
| Loans | 10,45,032 | 10,04,636 |
| Investments | 8,85,064 | 6,50,065 |
| Other financial assets | 55,693 | 36,303 |
| Non financial assets | ||
| Current tax assets | 1,197 | 2,768 |
| Deferred tax assets | 7,065 | 5,826 |
| Property, plant and equipment | 73,081 | 56,936 |
| Capital work in progress | 10,059 | - |
| Other Intangible assets | 3,710 | 3,389 |
| Other non-financial assets | 27,563 | 24,047 |
| Total Assets | 33,98,710 | 31,82,921 |
| Financial liabilities | ||
| Trade payables: | ||
| total outstanding dues of micro enterprises & small enterprises | 2,114 | 2,697 |
| total outstanding dues of creditors | 5,29,962 | 5,53,675 |
| Debt securities | 10,25,697 | 8,51,052 |
| Borrowings | 4,47,464 | 5,23,509 |
| Deposits | 4,200 | 4,187 |
| Other financial liabilities | 1,99,375 | 3,10,422 |
| Non-financial liabilities | ||
| Current tax liabilities | 5,222 | 4,311 |
| Provisions | 9,676 | 8,597 |
| Deferred tax liabilities | 51,152 | 35,402 |
| Other non-financial liabilities | 10,771 | 12,195 |
| Equity | ||
| Equity Share Capital | 5,993 | 1,490 |
| Other equity | 11,01,940 | 8,71,687 |
| Non-controlling interests | 5,144 | 3,697 |
| 33,98,710 | 31,82,921 |
Motilal Oswal Home Finance Limited Consolidated Profit & Loss Statement (Rs in Lakhs)
| Particulars | 31-03-2025 | 31-03-2024 |
| Revenue from operations | ||
| Interest income | 2,44,332 | 1,91,206 |
| Dividend income | 1,001 | 858 |
| Rent income | 38 | 53 |
| Fee and commission income | 4,54,633 | 3,65,783 |
| Net gain on fair value change | 1,29,037 | 1,46,511 |
| Other operating income | 4,864 | 6,060 |
| Other income | 7,817 | 7,290 |
| Total Income | 8,41,722 | 7,17,761 |
| Expenses | ||
| Finance Cost | 1,29,846 | 1,03,898 |
| Fee and commission expenses | 1,32,906 | 1,15,518 |
| Impairment on financial instruments | 869 | 5,398 |
| Employee benefits expenses | 1,74,139 | 1,32,981 |
| Depreciation and amortisation expenses | 9,876 | 8,258 |
| Other expenses | 71,460 | 48,520 |
| Total Expenses | 5,19,096 | 4,14,572 |
| Profit before tax | 3,22,626 | 3,03,188 |
| Current Tax | 58,227 | 43,445 |
| Deferred Tax | 15,024 | 15,507 |
| Provisions | -1,443 | -326 |
| Total tax expenses | 71,808 | 58,626 |
| Profit after tax | 2,50,818 | 2,44,561 |
| Other comprehensive income | ||
| Items that will not be reclassified to profit or loss: | ||
| Re-measurement of the defined employee benefit plans | -935 | -510 |
| Changes in fair value gain/(loss) of FVOCI equity instruments | 1,368 | 19,121 |
| Deferred tax on items that will not be reclassified to P&L | -793 | -115 |
| Items that will be reclassified to profit or loss: | ||
| Derivatives designated as cash flow hedge | -553 | - |
| Tax impact on the above | 139 | - |
| Total Comprehensive Income | 2,50,044 | 2,63,057 |
| Net Profit attributable to: | ||
| Owners of parent | 2,50,164 | 2,44,106 |
| Non-controlling interest | 654 | 455 |
| Other comprehensive income attributable to: | ||
| Owners of parent | -769 | 18,496 |
| Non-controlling interest | -5 | - |
| Total comprehensive income attributable to: | ||
| Owners of parent | 2,49,395 | 2,62,602 |
| Non-controlling interest | 649 | 455 |
| Paid up equity share capital | ||
| Other Equity | 5,993 | 1,490 |
| Earning Per Share: | 11,01,940 | 8,71,687 |
| Basic EPS | 42 | 41 |
| Diluted EPS | 41 | 41 |
Motilal Oswal Home Finance Limited Consolidated Cash Flow Statement (Rs in Lakhs)
| Particulars | 31-03-2025 | 31-03-2024 |
| Cash flow from operating activities | ||
| Profit before taxation | 3,22,626 | 3,03,188 |
| Adjustment for: | ||
| Impairment on financial instruments | 869 | 5,398 |
| Depreciation and amortisation expenses | 9,876 | 8,258 |
| Provision for gratuity | 1,703 | 1,120 |
| Foreign currency translation reserve | 212 | 64 |
| Employee stock option expenditure | 5,876 | 2,493 |
| Profit from partnership gain | 0 | -1 |
| Net loss/(gain) on fair value change | -72,368 | -1,26,271 |
| Net loss/(gain) on sale of investment | -56,668 | -20,240 |
| Profit on sale of property, plant and equipment | -9 | 94 |
| Interest income | -49 | -158 |
| Dividend income | -1,001 | -858 |
| Interest expense pertaining to lease liability | 1,177 | 831 |
| Operating Profit | 2,12,244 | 1,73,917 |
| Adjustment for working capital changes | ||
| (Increase) / decrease in trade receivables | -49,414 | -91,829 |
| (Increase) / decrease in other receivables | -105 | -6 |
| (Increase) / decrease in other financial assets | -19,390 | -7,135 |
| (Increase) / decrease in other non financial assets | -3,516 | 4,581 |
| (Increase) / decrease in loans | -40,194 | -2,85,344 |
| Investment in Fixed deposit | 2,87,730 | -52,503 |
| (Increase) / decrease in liquid investments | -24,997 | 5,424 |
| Increase /(decrease) in trade payables | -24,296 | 2,06,146 |
| Increase / (decrease) in other financial liabilities | -1,58,148 | 51,324 |
| Increase / (decrease) in other non financial liabilities | -1,425 | 5,957 |
| Increase / (decrease) in provision | -1,559 | -2716 |
| Cash (used in)/generated from operations | 1,76,930 | 7,816 |
| Direct taxes paid | -55,469 | -42,780 |
| Net cash generated from operating activities | 1,21,461 | -34,964 |
| Cash flow from investing activities | ||
| (Purchase) /sale of Property, plant and equipment | -18,044 | -15,077 |
| (Purchase) /sale of capital work in progress | -10,059 | - |
| (Purchase)/sale of other Intangible assets | -322 | 542 |
| Purchase of Investments | -1,87,752 | -54,051 |
| Sale of Investments | 1,07,399 | 42,891 |
| Interest received | 49 | 158 |
| Dividend received | 1,001 | 858 |
| Net cash generated from Investing activities | -1,07,728 | -24,679 |
| Cash flow from financing activities | ||
| Issue of Share capital, including Securities premium | 7,171 | 7,728 |
| Proceeds from/(Repayment) of debentures | 43,173 | 57,579 |
| Proceeds from/(Repayment) of commercial paper | 1,31,472 | 96,961 |
| Proceeds from borrowings other than bank | 16,121 | - |
| Reserve adjustment of merger | - | 400 |
| Proceeds from/(Repayment) of other borrowings | -92,165 | 1,92,429 |
| Dividend paid | -29,985 | -25,241 |
| Increase/ (Decrease) in unpaid dividend | 4 | -1 |
| Interest paid on lease liabilities | -1,177 | -831 |
| Payment of lease liabilities | -3,006 | -2,519 |
| Increase in Deposit | 14 | 4,017 |
| Investment by/ (purchase) from Non-controlling interest | 2,894 | 57 |
| Net cash generated from financing activities | 74,514 | 3,30,578 |
| Net increase/(decrease) in cash & cash equivalents during the year | 88,246 | 2,70,936 |
Here is a summary of the Cash Flow Statement for the years 2025 and 2024:
Cash Flow from Operating Activities
The company generated a net operating cash flow of ₹1,21,461 lakhs in FY 2025, a major improvement compared to net outflow of ₹34,964 lakhs in FY 2024. This improvement is primarily driven by a higher operating profit of ₹2,12,244 lakhs, backed by adjustments like depreciation, employee stock option expenditure, and a gain on sale of investments. Significant changes in working capital, such as a reduction in fixed deposits (inflow of ₹2,87,730 lakhs) and a decrease in other financial liabilities (outflow of ₹1,58,148 lakhs), also impacted the cash position. Despite a high tax outflow of ₹55,469 lakhs, the overall operating cash generation remained positive.
Cash Flow from Investing Activities
The company witnessed a net cash outflow of ₹1,07,728 lakhs from investing activities in FY 2025, mainly due to substantial investments in fixed deposits and purchase of property, plant & equipment, capital work-in-progress, and financial investments. Although there were inflows from sale of investments (₹1,07,399 lakhs) and minor income from interest and dividends, it wasn’t sufficient to offset the large investment outlays.
Cash Flow from Financing Activities
In FY 2025, cash flow from financing activities stood at ₹74,514 lakhs, lower than the ₹3,30,578 lakhs in FY 2024. Key inflows came from the issue of debentures (₹43,173 lakhs), commercial papers (₹1,31,472 lakhs), and borrowings from sources other than banks (₹16,121 lakhs). However, large outflows were noted from repayment of other borrowings (₹92,165 lakhs), dividend payments (₹29,985 lakhs), and lease-related expenses.
Net Cash Movement and Closing Position
Overall, the company recorded a net increase in cash and cash equivalents by ₹88,246 lakhs in FY 2025, although lower than the previous year’s increase of ₹2,70,936 lakhs. The strong operating cash flow helped mitigate heavy investing outflows and moderate financing cash inflows, keeping the company’s liquidity in a solid position.
Financial Ratios of NCDEX
| Particulars | 2025 | 2024 |
|---|---|---|
| Debt to Equity | 2.59 | 2.33 |
| Net profit ratio | 19.99% | 22.5% |
Here is a summary of the financial and operational metrics for Motilal Oswal Home Finance Limited for the year 2025 and 2024:
Debt to Equity Ratio:
The company’s debt-to-equity ratio has increased from 2.33 to 2.59, indicating greater financial leverage in FY 2025. This suggests the company is relying more on debt to fund its operations and loan book expansion. While this can enhance returns, it also raises financial risk and interest burden.
Net Profit Ratio:
The net profit margin declined slightly from 22.5% to 19.99% in FY 2025, reflecting moderate compression in profitability. This could be due to higher interest expenses or increased provisioning, even though the company remains profitable with healthy margins.
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