Kotak Mahindra Bank Ltd
KOTAKBANKKotak Mahindra Bank Ltd
KOTAKBANKPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
15.36 | 2.58 | 0.12% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
17.14 | 2.38 | 1.01% |
Forecast & Ratings
Detailed Forecast from 36 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Kotak Mahindra Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.
Peers
Compare with peersÂHDFC Bank Ltd
ICICI Bank Ltd
Axis Bank Ltd
Indusind Bank Ltd
Yes Bank Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 28,032.37 | 33,983.77 | 38,813.31 | 45,979.11 | 50,365.74 | 56,407.51 | 58,681.68 | 68,142.03 | 94,273.91 | 1,07,749.77 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 78,903.31 | ||||||||||
Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
Employee Cost | 3,854.05 | 3,982.31 | 4,380.90 | 4,850.90 | 5,755.97 | 5,855.70 | 7,140.93 | 8,479.03 | 10,347.31 | |||||||||||
Selling & Administrative Expenses | 2,826.73 | 3,067.87 | 3,768.81 | 7,262.00 | 4,390.44 | 4,094.47 | 3,175.67 | 4,468.59 | 5,267.70 | |||||||||||
Operating & Other expenses | 15,983.53 | 19,239.44 | 21,121.94 | 22,832.08 | 28,332.64 | 32,827.95 | 31,936.43 | 34,948.96 | 54,003.77 | |||||||||||
EBITDA | 5,368.06 | 7,694.15 | 9,541.66 | 11,034.13 | 11,886.69 | 13,629.39 | 16,428.65 | 20,245.45 | 24,655.13 | 28,846.46 | ||||||||||
Depreciation/Amortization | 344.51 | 362.21 | 383.43 | 458.42 | 464.89 | 461.05 | 480.35 | 599.26 | 791.75 | — | ||||||||||
PBIT | 5,023.55 | 7,331.94 | 9,158.23 | 10,575.71 | 11,421.80 | 13,168.34 | 15,948.30 | 19,646.19 | 23,863.38 | 28,846.46 | ||||||||||
Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
PBT | 5,023.55 | 7,331.94 | 9,158.23 | 10,575.71 | 11,421.80 | 13,168.34 | 15,948.30 | 19,646.19 | 23,863.38 | 28,846.46 | ||||||||||
Taxes & Other Items | 1,564.69 | 2,391.50 | 2,957.25 | 3,371.59 | 2,828.44 | 3,178.13 | 3,858.91 | 4,721.17 | 5,650.17 | 7,004.65 | ||||||||||
Net Income | 3,458.86 | 4,940.44 | 6,200.98 | 7,204.12 | 8,593.36 | 9,990.21 | 12,089.39 | 14,925.02 | 18,213.21 | 21,841.81 | ||||||||||
EPS | 20.47 | 26.88 | 33.10 | 37.77 | 44.97 | 51.30 | 60.96 | 75.17 | 91.65 | 109.87 | ||||||||||
DPS | 0.50 | 0.60 | 0.70 | 0.80 | 0.00 | 0.90 | 1.10 | 1.50 | 2.00 | 2.00 | ||||||||||
Payout ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Kotak Mahindra Bank Ltd | 18.42 | 2.58 | 0.12% |
HDFC Bank Ltd | 20.06 | 2.74 | 1.15% |
ICICI Bank Ltd | 19.99 | 3.28 | 0.79% |
Axis Bank Ltd | 13.36 | 2.24 | 0.09% |
Price Comparison
Compare KOTAKBANK with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Kotak Mahindra Bank Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8512% | Percentage of the fund’s portfolio invested in the stock 4.40% | Change in the portfolio weight of the stock over the last 3 months -0.01% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/60 (+2) |
Parag Parikh Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6916% | Percentage of the fund’s portfolio invested in the stock 2.83% | Change in the portfolio weight of the stock over the last 3 months 0.32% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 14/91 (+1) |
SBI Blue Chip Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4746% | Percentage of the fund’s portfolio invested in the stock 3.16% | Change in the portfolio weight of the stock over the last 3 months -0.09% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 10/57 (-2) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 19, 2024
Dividend/Share
₹2.00
Ex DateEx Date
Jul 19, 2024
Cash Dividend
Ex DateEx DateAug 4, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Aug 4, 2023
Cash Dividend
Ex DateEx DateAug 11, 2022
Dividend/Share
₹1.10
Ex DateEx Date
Aug 11, 2022
Cash Dividend
Ex DateEx DateAug 11, 2021
Dividend/Share
₹0.90
Ex DateEx Date
Aug 11, 2021
Cash Dividend
Ex DateEx DateJul 12, 2019
Dividend/Share
₹0.80
Ex DateEx Date
Jul 12, 2019
Kotak Mahindra Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1708.25, down 0.76% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78030.88, down 0.82%.Kotak Mahindra Bank Ltd has eased around 10.6% in last one month.Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has eased around 2.17% in last one month and is currently quoting at 51157.8, down 0.9% on the day. The volume in the stock stood at 13.51 lakh shares today, compared to the daily average of 38.43 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1708.2, down 0.91% on the day. Kotak Mahindra Bank Ltd tumbled 3.46% in last one year as compared to a 20.25% rally in NIFTY and a 14.69% spurt in the Nifty Bank index.The PE of the stock is 24.35 based on TTM earnings ending September 24.Powered by Capital Market - Live
The Nifty October 2024 futures closed at 24,757 a discount of 24.1 points compared with the Nifty's closing 24,781.10 in the cash market. In the cash market, the Nifty 50 declined 72.95 points or 0.29% to 24,781.10. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 6.42% to 13.88. Kotak Mahindra Bank, HDFC Bank and Bajaj Auto were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024.Powered by Capital Market - Live
The private sector bank had announced its second quarter financials on Saturday (21 October 2024). The bank's standalone net profit rose 4.78% to Rs 3,343.72 crore on 17.71% rise in total income to Rs 15,900.46 crore in Q2 FY25 over Q2 FY24. Profit before tax increased 4.60% year on year (YoY) to Rs 4,438.86 crore in the quarter ended 30 September 2024. Net Interest Income (NII) for Q2 FY25 stood at Rs 7,020 crore, up 11% from Rs 6,297 crore recorded in Q2 FY24. Net interest margin (NIM) was 4.91% for Q2FY25. Operating profit was at Rs 5,099 crore during the quarter, up 11% as against Rs 4,610 crore reported in Q2 FY24. Fees and services grew by 14% YoY to Rs 2,312 crore in the quarter ended 30 September 2024. Customers as on 30 September 2024 were 5.2 crore as compared to Rs 4.6 crore as on 30 September 2023. Customer assets increased by 18% YoY to Rs 450,064 crore as at 30 September 2024 from Rs 380,412 crore as at 30 September 2023. Advances rose by 17% YoY to Rs 419,108 crore as at 30 September 2024 from Rs 357,012 crore as at 30 September 2023. On asset quality front, the gross non-performing asset (GNPA) ratio was 1.49% as of 30 September 2024, compared to 1.39% as of 30 June 2024 and 1.72% as of 30 September 2023. The net non-performing assets (NNPA) ratio stood at 0.43% as of 30 September 2024, up from 0.35% on 30 June 2024, and slightly higher than 0.37% as of 30 September 2023. The provision coverage ratio stood at 71% in Q2 FY25. During the quarter, Slippages were at Rs 1,875 crore from Rs 1,314 crore reported in the same period a year ago. Capital adequacy ratio of the bank, as per basel III, as at 30 September 2024 was 22.6% and CET1 ratio of 21.5% (including unaudited profits). Return on assets (ROA) for Q2 FY25 (annualized) was 2.17% as against 2.45% registered in Q2 FY24. On a consolidated basis, the bank's PAT for Q2 FY25 was Rs 5044.05 crore, up 13.06% YoY from Rs 4461.04 crore in Q2 FY24. At the consolidated level, the Return on assets (ROA) for Q2 FY25 (annualized) was 2.53% and Return on equity (ROE) for Q2 FY25 (annualized) stood at 13.88%. Consolidated networth as at 30 September 2024 was at Rs 147,214 crore (including increase in reserves due to RBI's Master Direction on Bank's investment valuation of Rs 4,777 crore and gain on Kotak General Insurance (KGI) divestment of Rs 2,730 crore). Total Assets Under Management as at 30 September 2024 were Rs 680,838 crore up 37% YoY over Rs 498,342 crore as at 30 September 2023. The Domestic MF equity AUM increase by 60% YoY to Rs 319,161 crore as at 30 September 2024. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending and car finance. Powered by Capital Market - Live
Net profit of Kotak Mahindra Bank rose 13.07% to Rs 5044.05 crore in the quarter ended September 2024 as against Rs 4461.04 crore during the previous quarter ended September 2023. Total Operating Income rose 19.76% to Rs 16426.97 crore in the quarter ended September 2024 as against Rs 13716.56 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income16426.9713716.56 20 OPM %20.2926.11 - PBDT6646.865888.34 13 PBT6646.865888.34 13 NP5044.054461.04 13 Powered by Capital Market - Live
Kotak Mahindra Bank has entered into a definitive agreement with Standard Chartered Bank, India for acquisition of its Personal Loan book (total loan outstanding of around Rs 4,100 crore as of 30 September 2024). The above transaction is expected to be completed over the next three months and is subject to regulatory and other approvals and the satisfaction or waiver of customary closing conditions. The Bank will acquire the Personal Loan book which will be outstanding closer to the completion date. Powered by Capital Market - Live
Kotak Mahindra Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 1909.8, up 1.46% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.66% on the day, quoting at 25128.5. The Sensex is at 81949.88, up 0.7%. Kotak Mahindra Bank Ltd has risen around 4.29% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has risen around 0.85% in last one month and is currently quoting at 51172.3, up 1.05% on the day. The volume in the stock stood at 17.87 lakh shares today, compared to the daily average of 55.54 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 1915.15, up 1.53% on the day. Kotak Mahindra Bank Ltd is up 9.15% in last one year as compared to a 27.35% spurt in NIFTY and a 16.92% spurt in the Nifty Bank index.The PE of the stock is 26.94 based on TTM earnings ending June 24.Powered by Capital Market - Live
Kotak Mahindra Bank will hold a meeting of the Board of Directors of the Company on 19 October 2024.Powered by Capital Market - Live
Kotak Mahindra Bank Ltd gained for a third straight session today. The stock is quoting at Rs 1926.95, up 1.18% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.3% on the day, quoting at 25867.5. The Sensex is at 84684.03, up 0.17%. Kotak Mahindra Bank Ltd has gained around 6.31% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 5.48% in last one month and is currently quoting at 53793.2, up 0.3% on the day. The volume in the stock stood at 19.82 lakh shares today, compared to the daily average of 48.77 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 1928.25, up 1.35% on the day. Kotak Mahindra Bank Ltd is up 7.99% in last one year as compared to a 31.48% jump in NIFTY and a 20.52% jump in the Nifty Bank index.The PE of the stock is 27.27 based on TTM earnings ending June 24.Powered by Capital Market - Live
Kotak Mahindra Bank announced the cessation of Uday Khanna as Independent Director of the company with effect from 05 September 2024. Powered by Capital Market - Live
Kotak Mahindra Bank Ltd gained for a third straight session today. The stock is quoting at Rs 1804.95, up 1.32% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 24712.8. The Sensex is at 80888.47, up 0.58%. Kotak Mahindra Bank Ltd has gained around 2.7% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has gained around 2.55% in last one month and is currently quoting at 50368.35, up 1.15% on the day. The volume in the stock stood at 10.59 lakh shares today, compared to the daily average of 46.22 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 1807.85, up 1.49% on the day. Kotak Mahindra Bank Ltd is up 2.53% in last one year as compared to a 27.43% jump in NIFTY and a 15.79% jump in the Nifty Bank index.The PE of the stock is 25.48 based on TTM earnings ending June 24.Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.44%, vs industry avg of 17.21%
Decreasing Market Share
Over the last 5 years, market share decreased from 8.91% to 8.17%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 20.38%, vs industry avg of 31.67%