Kotak Mahindra Bank Ltd logo

Kotak Mahindra Bank Ltd

KOTAKBANK NSE

Key Fundamentals

LargecapPrivate BankBanks
Market Cap
3.9L Cr
Volatility
Moderate
P/E Ratio
19.13
EBITDA
₹27,025 Cr
Return on Equity
10.58%
Debt to Equity
0
Book Value
₹182.07
EPS
₹93.78
52W High
₹453.2
52W Low
₹345.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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58 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Weaknesses

6
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.10,54,268 Cr.
  • Earnings include an other income of Rs.40,409 Cr.
  • Dividend payout has been low at 2.59% of profits over last 3 years
  • Working capital days have increased from 108 days to 154 days

Growth Rate

Revenue Growth
3.80% ↘
Net Income Growth
-12.60% ↘
Cash Flow Change
146.67% ↗
ROE
-24.05% ↘
ROCE
-14.90% ↘
EBITDA Margin (Avg.)
-6.26% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 4d ago
AI opinion · based on fundamentals
Risk medium

Kotak Mahindra Bank trades at a market cap of Rs.3,90,699 Cr with a P/E of 19.3x and P/B of 2.16x. The bank has delivered 14% compounded profit growth over 5 years but recent momentum has slowed with TTM profit growth at 5% and ROE declining to 11% in the last year.

Bull Case 7
  • Strong long-term profit compounding at 19% CAGR over 10 years demonstrates consistent earnings power
  • 5-year compounded sales growth of 16% reflects sustained business expansion across lending and fee income segments
  • P/E of 19.3x is reasonable for a large private sector bank with a long track record of conservative underwriting
  • 10-year stock CAGR of 10% shows the bank has generated long-term wealth for shareholders despite recent underperformance
  • 3-year and 5-year ROE stable at 14% indicates the bank maintained consistent return generation over a medium-term horizon
  • Market cap of Rs.3,90,699 Cr provides strong institutional liquidity and index weight advantage
  • P/B of 2.16x, while premium, has historically been justified by the bank's superior asset quality versus peers
Bear Case 8
  • Contingent liabilities of Rs.10,54,268 Cr are significantly large relative to the bank's market cap, posing tail risk
  • Last year ROE dropped to 11% from a 3-year average of 14%, signaling declining capital efficiency
  • TTM profit growth of just 5% marks a sharp deceleration from the 14% 5-year CAGR
  • Working capital days increased from 108 to 154 days, indicating deterioration in operational efficiency
  • 1-year stock CAGR of -1% and 3-year CAGR of just 3% show prolonged underperformance versus broader market returns
  • Dividend payout of only 2.59% of profits over last 3 years with a yield of 0.17% offers negligible income to shareholders
  • Low interest coverage ratio flagged as a concern, unusual for a bank of this scale and suggesting pressure on net interest margins
  • Other income of Rs.40,409 Cr forms a significant portion of earnings, raising questions about core operating income quality

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 17h ago
Positives 2
  • Q1FY27 profit up 26% YoY Aug 17

    Net profit rose 26% YoY to ₹4,123 crore in Q1FY27, supported by 9% NII growth and improved asset quality.

  • FY26 PAT ₹19,288 crore milestone Aug 1

    Consolidated PAT reached ₹19,288 crore for FY26 and balance sheet crossed ₹10 lakh crore, though standalone NIMs were impacted by rate cuts.

Neutral 3
  • 347,410 ESOPs granted under 2023 scheme Aug 17

    Kotak Bank granted 3,47,410 stock options on Aug 17 under Series 12 of ESOP Scheme 2023, vesting in four equal tranches starting August 2027.

  • Institutional block trades on BSE Aug 3

    Multiple block trades executed between Jul 21 and Aug 3 totalling ~₹122.73 crore at prices ranging from ₹385.60 to ₹392.50 per share, indicating steady institutional interest.

  • AGM concludes with clean audit Aug 1

    41st AGM held on Aug 1 with joint statutory auditors issuing a clean report for FY25. Shareholders approved dividends and director re-appointments.

TL;DR: Kotak Mahindra Bank is delivering strong earnings growth with Q1FY27 profit up 26% YoY and FY26 PAT crossing ₹19,288 crore. The balance sheet has scaled past ₹10 lakh crore with no notable headwinds beyond NIM compression from rate cuts. Institutional block deal activity and a clean audit report reinforce steady confidence. The trend is positive, though margin pressure from further rate cuts remains a watchpoint.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
12,869
13,717
14,495
15,156
15,837
16,427
16,633
16,772
17,248
17,199
17,507
17,827
18,355
Expenses
10,303
10,136
12,484
14,920
12,263
13,094
10,596
13,666
13,123
11,606
13,933
13,656
14,857
Financing Profit
-2,269
-1,955
-3,975
-5,976
-3,231
-3,806
-1,133
-4,051
-3,402
-1,740
-3,811
-3,205
-4,205
Fin. Margin %
-18%
-14%
-27%
-39%
-20%
-23%
-7%
-24%
-20%
-10%
-22%
-18%
-23%
Other Income
7,855
7,843
9,588
12,751
13,042
10,453
7,313
10,402
9,456
7,703
10,344
10,648
11,714
Interest
4,834
5,536
5,985
6,212
6,805
7,139
7,170
7,157
7,527
7,333
7,384
7,376
7,703
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
5,586
5,888
5,614
6,775
9,811
6,647
6,180
6,351
6,053
5,963
6,533
7,443
7,509
Tax %
26%
25%
25%
23%
25%
25%
25%
23%
27%
25%
25%
27%
27%
Net Profit
4,150
4,461
4,265
5,337
7,448
5,044
4,701
4,933
4,472
4,468
4,924
5,423
5,480
EPS in Rs
4.18
4.49
4.29
5.37
7.49
5.07
4.73
4.96
4.5
4.49
4.95
5.45
5.51
Gross NPA %
1.75%
1.69%
1.68%
1.38%
1.39%
1.48%
1.51%
1.45%
—
—
—
—
—
Net NPA %
0.43%
0.39%
0.36%
0.36%
0.38%
0.45%
0.44%
0.36%
—
—
—
—
—
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
13,319
20,402
22,324
25,131
29,831
33,474
32,820
33,740
42,151
56,237
65,669
69,781
70,887
Expenses
9,718
11,541
14,832
16,805
19,758
22,578
29,812
31,069
33,485
47,052
48,894
54,524
54,053
Financing Profit
-3,366
-2,263
-3,965
-4,141
-5,114
-5,005
-9,958
-8,882
-5,746
-13,382
-11,496
-14,362
-12,961
Fin. Margin %
-25%
-11%
-18%
-16%
-17%
-15%
-30%
-26%
-14%
-24%
-18%
-21%
-18%
Other Income
8,152
7,631
11,660
13,682
16,148
16,892
23,588
25,311
25,991
38,037
41,426
41,387
40,409
Interest
6,966
11,123
11,458
12,467
15,187
15,901
12,967
11,553
14,411
22,567
28,271
29,620
29,795
Depreciation
237
345
362
383
458
465
461
480
599
792
941
1,032
0
PBT
4,550
5,024
7,332
9,158
10,576
11,422
13,168
15,948
19,646
23,863
28,989
25,993
27,448
Tax %
33%
32%
32%
33%
33%
25%
25%
25%
25%
25%
24%
26%
—
Net Profit
3,105
3,524
5,019
6,258
7,204
8,593
9,990
12,089
14,925
18,213
22,126
19,288
20,296
EPS in Rs
3.94
3.77
5.37
6.51
7.55
8.98
10.08
12.18
15.03
18.32
22.26
19.39
20.4
Div. Payout %
2%
3%
2%
2%
2%
0%
2%
2%
2%
2%
2%
3%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
386
917
920
953
954
957
991
992
993
994
994
995
Reserves
21,770
32,447
37,572
49,535
56,827
65,680
83,348
95,673
1,10,821
1,28,978
1,56,495
1,80,231
Borrowing
31,415
43,730
49,690
58,604
66,939
66,077
48,239
55,648
57,534
75,106
97,622
95,394
Deposits
72,843
1,35,949
1,55,540
1,91,236
2,24,824
2,60,400
2,78,871
3,10,087
3,61,273
4,45,269
4,94,707
5,66,940
Other Liabilities
22,049
27,761
32,465
37,392
45,626
50,059
67,405
84,097
89,809
1,17,321
1,29,995
1,59,793
Total Liabilities
1,48,464
2,40,804
2,76,188
3,37,720
3,95,171
4,43,173
4,78,854
5,46,498
6,20,430
7,67,667
8,79,814
10,03,353
Fixed Assets
1,385
1,761
1,759
2,543
2,697
2,675
2,554
2,723
3,075
3,510
3,759
3,801
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
45,589
70,274
68,462
90,977
1,03,487
1,11,197
1,56,946
1,64,529
1,95,338
2,46,446
2,84,255
2,90,633
Other Assets
1,01,490
1,68,769
2,05,967
2,44,201
2,88,987
3,29,301
3,19,355
3,79,245
4,22,017
5,17,711
5,91,801
7,08,919
Total Assets
1,48,464
2,40,804
2,76,188
3,37,720
3,95,171
4,43,173
4,78,854
5,46,498
6,20,430
7,67,667
8,79,814
10,03,353
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2,302
5,025
13,222
-10,392
1,822
46,619
4,881
8,418
-1,242
15,685
16,916
41,727
Investing
-4,467
-2,353
-5,289
-5,475
-3,323
-13,068
-11,172
-11,018
-10,381
-8,919
-25,226
-16,159
Financing
2,426
2,024
6,055
14,679
8,365
-735
-10,072
7,549
1,883
15,515
22,165
-2,538
Net Cash Flow
260
4,696
13,989
-1,188
6,864
32,815
-16,363
4,949
-9,740
22,281
13,855
23,029
Free Cash Flow
2,034
4,714
12,840
-10,758
1,331
46,206
4,581
7,785
-2,203
14,593
15,768
40,690
CFO/OP
103
76
205
-89
52
454
270
455
41
236
139
316
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
15%
12%
14%
14%
13%
14%
13%
13%
14%
15%
15%
11%

Shareholding Pattern

As of Jun 2026
DIIs 37.71%
Promoters 25.87%
FIIs 25.21%
Public 8.34%
Others 2.87%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
26.02%
26.00%
26.00%
25.99%
25.98%
25.97%
25.96%
25.95%
25.95%
25.94%
25.93%
25.91%
25.90%
25.89%
25.89%
25.89%
25.88%
25.88%
25.88%
25.87%
25.87%
25.87%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.00%
40.97%
0.00%
37.59%
33.16%
33.40%
32.48%
32.65%
32.34%
29.75%
29.36%
26.40%
25.21%
DIIs
13.32%
14.40%
15.01%
15.21%
16.36%
17.11%
18.44%
20.12%
21.35%
19.61%
20.04%
19.65%
23.43%
27.73%
27.91%
28.79%
29.14%
29.61%
32.01%
32.88%
36.18%
37.71%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.86%
9.27%
8.95%
9.08%
9.65%
9.16%
8.75%
8.77%
8.82%
8.25%
8.66%
8.61%
8.77%
9.00%
8.74%
8.64%
8.36%
8.43%
8.50%
8.50%
8.35%
8.34%
Others
51.80%
50.32%
50.03%
49.72%
48.01%
47.76%
46.83%
45.14%
43.88%
46.20%
4.40%
45.83%
4.31%
4.23%
4.06%
4.20%
3.97%
3.73%
3.86%
3.39%
3.20%
2.87%
No. of Shareholders
4,23,239
4,92,318
4,75,671
5,30,692
5,79,821
5,64,789
5,54,779
5,43,736
5,82,733
5,60,825
6,35,299
6,34,698
6,81,301
7,82,680
7,39,755
7,46,602
7,05,616
6,90,125
6,91,413
6,79,096
7,81,448
7,84,727

Documents

Frequently Asked Questions about Kotak Mahindra Bank Ltd

What does Kotak Mahindra Bank Ltd do?
Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insu...
Where is Kotak Mahindra Bank Ltd (KOTAKBANK) listed?
Kotak Mahindra Bank Ltd is listed on the Indian stock exchanges. It is listed on NSE: KOTAKBANK and BSE: 500247. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Kotak Mahindra Bank Ltd belong to?
Kotak Mahindra Bank Ltd operates in the Banks sector within the Private Bank industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Kotak Mahindra Bank Ltd?
Kotak Mahindra Bank Ltd has a market capitalisation of approximately ₹386123.48 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Kotak Mahindra Bank Ltd?
The Price-to-Earnings (PE) ratio of Kotak Mahindra Bank Ltd is 19.13. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Kotak Mahindra Bank Ltd?
Over the past 52 weeks, Kotak Mahindra Bank Ltd has traded between a low of ₹345.5 and a high of ₹453.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does Kotak Mahindra Bank Ltd pay dividends?
Yes, Kotak Mahindra Bank Ltd has a dividend yield of 0.17%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Kotak Mahindra Bank Ltd?
Kotak Mahindra Bank Ltd has a Return on Equity (ROE) of 10.58%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Kotak Mahindra Bank Ltd on Tapetide?
On Tapetide, you can view Kotak Mahindra Bank Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.[1]

Website kotak.com
CEO Mr. Ashok Valiram Vaswani
Employees 1,14,000
Listed 1995-12-20
Face Value ₹ 1
Issued Size 1,98,90,98,595

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