ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
ICICI Securities PE 17.43, mkt cap Rs 29,132 crore. Motilal Oswal Financial Services PE 30.59, mkt cap Rs 60,660 crore. Geojit Financial Services PE 30.18, mkt cap Rs 2,257 crore.
Quick Answer
ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services is a side-by-side comparison of three companies from the Stock Broking space. On this comparison, ICICI Securities carries a market capitalisation of about Rs 29,132 crore against Rs 60,660 crore for Motilal Oswal Financial Services and Rs 2,257 crore for Geojit Financial Services, with return on equity of 30.71%, 14.50% and 6.69% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services starts with the core numbers most investors compare within the Stock Broking segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Stock Broking bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services: Company Overview
ICICI Securities is a listed Indian company in the Stock Broking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Motilal Oswal Financial Services is a listed Indian company in the Stock Broking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Geojit Financial Services is a listed Indian company in the Stock Broking space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services: Valuation and Profitability Snapshot
| Metric | ICICI Securities | Motilal Oswal Financial Services | Geojit Financial Services |
|---|---|---|---|
| Market Cap (approx.) | Rs 29,132 crore | Rs 60,660 crore | Rs 2,257 crore |
| PE Ratio (TTM) | 17.43 | 30.59 | 30.18 |
| PB Ratio | 5.22 | 4.71 | 1.88 |
| Return on Equity (ROE) | 30.71% | 14.50% | 6.69% |
| EPS (TTM, Rs) | 51.40 | 32.89 | 2.68 |
| Dividend Yield | 1.99% | 0.60% | 1.85% |
| Debt to Equity | 4.43 | 1.65 | 0.10 |
| Book Value per Share (Rs) | 171.65 | 213.74 | 43.03 |
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On valuation, ICICI Securities trades at a PE of 17.43 and a PB of 5.22, Motilal Oswal Financial Services at a PE of 30.59 and a PB of 4.71, while Geojit Financial Services trades at a PE of 30.18 and a PB of 1.88. On return on equity, the three post 30.71%, 14.50% and 6.69% respectively, and on dividend yield they stand at 1.99%, 0.60% and 1.85%.
ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| ICICI Securities | Rs 2,532.81 crore | Rs 418.93 crore | +10.3% | +3.6% |
| Motilal Oswal Financial Services | Rs 3,432.23 crore | Rs 1,273.71 crore | +25.1% | +27.5% |
| Geojit Financial Services | Rs 168.96 crore | Rs 18.61 crore | +10.2% | -10.9% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three stock broking names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services highlights how differently three companies in the same stock broking segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on ICICI Securities vs Motilal Oswal Financial Services vs Geojit Financial Services
What is the market cap difference between ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services?
Ans. As of September 2026, ICICI Securities has a market cap of approximately Rs 29,132 crore, Motilal Oswal Financial Services is at approximately Rs 60,660 crore, and Geojit Financial Services is at approximately Rs 2,257 crore.
Which of the three has the highest PE ratio?
Ans. Among ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services, the PE ratios stand at 17.43, 30.59 and 30.18 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services post ROE of 30.71%, 14.50% and 6.69% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services carry dividend yields of 1.99%, 0.60% and 1.85% respectively.
What is the debt to equity ratio for ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services?
Ans. ICICI Securities carries a debt to equity of 4.43, Motilal Oswal Financial Services of 1.65, and Geojit Financial Services of 0.10.
Which of the three trades at the highest price to book value?
Ans. ICICI Securities, Motilal Oswal Financial Services and Geojit Financial Services trade at price to book ratios of 5.22, 4.71 and 1.88 respectively.
Is one of ICICI Securities, Motilal Oswal Financial Services or Geojit Financial Services better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
