Molybdenum trioxide/polypyrrole (MoO3/Ppy) nanocomposite was prepared via oxidative polymerization of pyrrole monomer with MoO3 nanoparticles. The adsorption of Cd+2 and nile blue (NB) onto the nanocomposite was investigated in terms of various process parameters. The characterization of MoO3/Ppy nanocomposite was carried out by Fourier transform‐infrared spectroscopy, X‐ray diffraction, scanning electron microscopy, transmission electron microscopy, and energy dispersive X‐ray spectroscopy. Higher R2 (0.992–0.997 for Cd+2 and 0.997–0.998 for NB) and lower standard error of estimation values (1.04–1.82 for Cd+2 and 0.87–1.07 for NB) for Freundlich isotherm highlighted the multilayer adsorption onto heterogeneous nanocomposite surface. The higher Qm values at 323 K for Cd+2 (181 mg/g) and NB (189 mg/g) compared to many reported adsorbents proved the adsorptive superiority of MoO3/Ppy. The energy of adsorption (E) values from Dubinin–Radushkevich model was 1.26–1.38 and 1.36–1.44 kJ/mol for Cd+2 and NB, respectively, suggesting physical adsorption. Pseudo‐second order kinetic model governed the adsorption of Cd+2 and NB with intraparticle and liquid film diffusion controlling the mechanism. The negative ΔG values (8.4–9.4 kJ/mol) and positive ΔH values (2.5–6.1 kJ/mol) implied spontaneous and endothermic adsorption process. The positive ΔS values (0.036–0.048 kJ/mol/K) indicated increased randomness at MoO3/Ppy‐Cd+2 or NB interface. The MoO3/Ppy nanocomposite proved to be suitable and efficient adsorbent for sequestering of Cd+2 and NB from aqueous solution.