About Motilal Oswal Home Finance Company Limited (MOHFL)
Motilal Oswal Home Finance Company Limited (MOHFL) (previously Aspire Home Finance Corporation Limited) 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.
The company provide home loans to individuals andfamilies for purchase, construction and extension of house. 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 formalincome proofs and Credit Bureaus reports are not easily available, and the repayment capacity of such familiesare appraised based on their cash flows and Internal Score Cards.
Motilal Oswal Home Finance CompanyLimited is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). MOFSL is a diversified financial services company dedicated to creating wealth for all.
Motilal Oswal Home Finance CompanyLimitedhas been registered with the National Housing Bank (NHB) under section 29A of the National Housing Bank Act of 1987, and has been registered as an HFC under section 29A of the National Housing Bank Act 1987.
The company had signed a 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 the society to claim subsidy under this scheme.
Motilal Oswal Home Finance CompanyLimited is operating in Nine states – Maharashtra, Gujarat, Madhya Pradesh,Karnataka, Rajasthan, Chhattisgarh,Tamil Nadu, Telangana and Andhra Pradesh. The company have 104 Branchesacross these nine states.
October 1, 2013
Category / Sub-Category of the Company
Public Company, Limited by Shares
Address of the Registered office and contact details
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi, Mumbai-400 025.
Tel: +91 22 4718 9999 / 6272 9898
Name, Address & contact details of the Registrar & Transfer Agent, if any
Link Intime India Private Limited,
C 101, 247 Park, L.B.S.Marg, Vikhroli (West),
Mumbai – 400083.
Tel: +91 22 49186000
BOARD OF DIRECTORS AND KEY MANAGEMENT
Mr. Motilal Oswal (Chairman & Non-Executive Director)
Mr. Arvind Hali (Managing Director & Chief Executive Officer)
Mr. Raamdeo Agarawal (Non-Executive Director)
Mr. Navin Agarwal (Non-Executive Director )
Mr. Sanjaya Kulkarni (Independent Director)
Mrs. Divya Momaya (Independent Director)
Mr. Shalibhadra Shah (Chief Financial Officer)
Principal Business Activities of the Company
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
MOTILAL OSWAL HOME FINANCELIMITED Unlisted Shares Details:
Total Available Shares:
Rs. 1 Per Equity Share
Last Traded Price
Rs. 7823.20 Crore
(As on 31-03-2021)
No. of Shares
% of total Shares
Motilal Oswal Financial Services Limited
Motilal Oswal Finvest Limited
Motilal Oswal Wealth Management Limited
Motilal Oswal Investment Advisors Limited
MOPE Investment Advisors Private Limited
Motilal Oswal Asset Management Company Limited
Motilal Oswal Real Estate Investment Advisors II Private Limited
Mr. Motilal Oswal
Mr. Ramdeo Agarawal
HOME FINANCE INDUSTRY OUTLOOK
As per ICRA’s report, the total outstanding housing credit as on December 2020 stood at Rs. 22.1 lakh crores. Outof the total outstanding credit, Housing Finance Companies (HFCs) and Non-Banking Financial Corporations(NBFCs) contributed around Rs. 7.2 lakh crores. Due to Covid-19 induced lockdown, the industry witnessedmoderation in growth rate in Q1FY2021. However, with the gradual unlocking of economy, disbursementsstarted picking up from Q2FY2021, and the housing credit portfolio registered a growth of around 6% till December2020. Banks continued to grow at a faster pace than HFCs, which was partly due to portfolio buyouts. The shareof HFCs and NBFCs in the credit portfolio remained at 33%. Within HFCs, the affordable segment witnessedportfolio growth of around 8% till December 2020, supported by robust demand and liquidity support from NHB. Theaffordable housing segment is expected to grow at a faster pace than the overall industry.
After witnessing robust volumes in FY2019 and FY2020, securitization declined substantially in 9Month of FY2021. Thenationwide lockdown to arrest rising Covid-19 cases severely impacted the income generation capabilityof large number of borrowers. This, coupled with moratorium policy announced by RBI increased investor’ssuspicion given the possibility of irregular cash flows and hence proved detrimental for securitization market.
The Covid-19 induced slowdown impacted the performance of HFCs. However, demand picked up during thelast two quarters of FY2021. Most of the HFCs had already reached near pre-Covid level collection efficienciestoo. According, to ICRA estimates, HFCs are likely to witness a growth rate of 6-8% in FY2021 and 8-10% in FY2022.However, with the ongoing second wave of Covid and subsequent lockdown in some of the states, the growthof the industry depends on how this pandemic pans out.
KEY FINANCIALS OF MOTILAL OSWAL HOME FINANCE LIMTIED(In Rs. Crore)
Income before Interest, depreciation and tax
Profit before Tax
Profit after Tax
Some Important Parameters of Financial Performance
Loan Book (In Rs. Crore)
Debt to Equity
Cost to Income
BALANCE SHEET OF MOTILAL OSWAL HOME FINANCE LIMTIED (In Rs. Crore)
Cash and Cash equivalents
Other Financial assets
TOTAL FINANCIAL ASSETS
NON FINANCIAL ASSETS
Other non financial assets
TOTAL NON FINANCIAL ASSETS
EQUITY AND LIABILITIES
Equity share capital
Other financial liabilities
TOTAL FINANCIAL LIABILITIES
Other non financial liabilities
TOTAL NON FINANCIAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
DIVIDEND AND RETAINED EARNINGS
Retained Earnings (In Rs. Crore)
PERFORMANCE OF THE COMPANY
Total income of the company decreased by 5.36% from Rs. 576.44 Crore in FY 2020 to Rs. 545.52 Crore in FY 2021. From 2018, Total income of company has decreased steadily.
Profit after tax of the company increased slightly by 2.97% from Rs. 39.07 Crore in FY 2020 to Rs. 40.23 Crore in FY 2021.
Due to Covid induced lockdown, the company’s disbursements remained muted for first few months in FY 2021. However,disbursements gradually picked up and highest monthly disbursement in last 24 months was witnessed in March2021. During FY 2021, the company disbursed loans amounting to Rs. 273 crores, a jump of 42% Year on Year.
The loan book decreased from Rs. 3,667 croreas of 31stMarch 2020 to Rs. 3,512 Crores as of 31st March 2021.
Net NPA of the company increased from 1.36% as of 31st March 2020 to 1.49% as of 31st March 2021.
The promoter company(Motilal Oswal Financial Services)has infused total cumulative capital of Rs. 8.5billion in the company.
Cost to income of the company has reduced from 41% in FY 2020 to 33% in FY 2021.
Debt to equity ratio of the company as of 31st March 2021 was 2.8.
Cost of borrowing for the company has come down by 95bps Yearon Year in FY 2021 at 9.25%.The company raisedRs. 1,477 crores in FY 2021 at 7.5%.
The company has not given any dividend from the past three years.
Powered by Froala Editor