Kotak Mahindra Bank Ltd

Kotak Mah. Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kotak Mahindra Bank Ltd

₹ 1,744 -1.05%
20 Dec - close price
kotak.com BSE: 500247 NSE: KOTAKBANK
About

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]

Key Points

Market Share
The company ranks 4th in both deposit and gross advances market share. Its securities broking business held an 11.8% market share in FY24, while the asset management business had a 6.5% market share. [1]

Website BSE NSE
  • Market Cap ₹ 3,46,646 Cr.
  • Current Price ₹ 1,744
  • High / Low ₹ 1,953 / 1,544
  • Stock P/E 18.0
  • Book Value ₹ 654
  • Dividend Yield 0.11 %
  • ROCE 7.86 %
  • ROE 15.1 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 20.4% CAGR over last 5 years

Cons

  • Stock is trading at 2.67 times its book value
  • Company has low interest coverage ratio.
  • Contingent liabilities of Rs.7,77,539 Cr.
  • Earnings include an other income of Rs.45,835 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 8,233 8,626 8,838 9,164 9,994 11,011 11,982 12,869 13,717 14,495 15,156 15,837 16,427
Interest 2,880 2,919 2,904 3,004 3,375 3,802 4,230 4,834 5,536 5,985 6,212 6,805 7,139
8,532 6,839 8,555 4,879 9,313 9,345 10,548 10,303 10,136 12,484 14,920 12,263 13,094
Financing Profit -3,179 -1,132 -2,620 1,281 -2,694 -2,136 -2,796 -2,269 -1,955 -3,975 -5,976 -3,231 -3,806
Financing Margin % -39% -13% -30% 14% -27% -19% -23% -18% -14% -27% -39% -20% -23%
7,110 5,543 7,838 2,405 7,441 7,360 8,785 7,855 7,843 9,588 12,751 13,042 10,453
Depreciation 0 0 131 0 0 0 0 0 0 0 0 0 0
Profit before tax 3,931 4,411 5,087 3,686 4,747 5,224 5,989 5,586 5,888 5,614 6,775 9,811 6,647
Tax % 25% 24% 24% 26% 25% 24% 24% 26% 25% 25% 23% 25% 25%
2,989 3,403 3,892 2,755 3,608 3,995 4,566 4,150 4,461 4,265 5,337 7,448 5,044
EPS in Rs 15.07 17.15 19.61 13.88 18.17 20.12 22.99 20.88 22.45 21.46 26.85 37.47 25.37
Gross NPA % 3.16% 2.75% 2.37% 2.27% 2.09% 1.91% 1.76% 1.75% 1.69% 1.68% 1.38% 1.39% 1.48%
Net NPA % 1.09% 0.87% 0.71% 0.69% 0.60% 0.48% 0.41% 0.43% 0.39% 0.36% 0.36% 0.38% 0.45%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 10,838 11,986 13,319 20,402 22,324 25,131 29,831 33,474 32,820 33,741 42,151 56,237 61,915
Interest 6,024 6,312 6,966 11,123 11,458 12,467 15,187 15,901 12,967 11,554 14,411 22,567 26,142
6,603 7,053 9,718 11,541 14,832 16,805 19,758 22,578 29,812 30,699 33,485 47,052 52,761
Financing Profit -1,789 -1,379 -3,366 -2,263 -3,965 -4,141 -5,114 -5,005 -9,958 -8,512 -5,746 -13,382 -16,988
Financing Margin % -17% -12% -25% -11% -18% -16% -17% -15% -30% -25% -14% -24% -27%
5,112 5,282 8,152 7,631 11,660 13,682 16,148 16,892 23,588 24,941 25,991 38,037 45,835
Depreciation 179 208 237 345 362 383 458 465 461 480 599 792 0
Profit before tax 3,144 3,695 4,550 5,024 7,332 9,158 10,576 11,422 13,168 15,948 19,646 23,863 28,846
Tax % 30% 32% 33% 32% 32% 33% 33% 25% 25% 25% 25% 25%
2,238 2,527 3,105 3,524 5,019 6,258 7,204 8,593 9,990 12,089 14,925 18,213 22,094
EPS in Rs 14.66 16.00 19.72 18.86 26.84 32.54 37.74 44.92 50.41 60.91 75.13 91.62 111.15
Dividend Payout % 2% 2% 2% 3% 2% 2% 2% 0% 2% 2% 2% 2%
Compounded Sales Growth
10 Years: 17%
5 Years: 14%
3 Years: 20%
TTM: 25%
Compounded Profit Growth
10 Years: 22%
5 Years: 20%
3 Years: 22%
TTM: 12%
Stock Price CAGR
10 Years: 11%
5 Years: 0%
3 Years: 0%
1 Year: -6%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 373 385 386 917 920 953 954 957 991 992 993 994
Reserves 14,894 18,699 21,770 32,447 37,572 49,535 56,827 65,680 83,348 95,673 110,821 128,978
85,561 85,937 104,258 179,679 205,230 249,840 291,763 326,477 327,110 365,747 418,807 520,374
15,006 17,176 22,049 27,761 32,465 37,392 45,626 50,059 67,405 84,086 89,809 117,321
Total Liabilities 115,835 122,197 148,464 240,804 276,188 337,720 395,171 443,173 478,854 546,498 620,430 767,667
620 1,264 1,385 1,761 1,759 2,543 2,697 2,675 2,554 2,723 3,075 3,510
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 40,907 38,791 45,589 70,274 68,462 90,977 103,487 111,197 156,946 164,529 195,338 246,446
74,308 82,142 101,490 168,769 205,967 244,201 288,987 329,301 319,355 379,245 422,017 517,711
Total Assets 115,835 122,197 148,464 240,804 276,188 337,720 395,171 443,173 478,854 546,498 620,430 767,667

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,878 9,068 2,302 5,025 13,222 -10,392 1,822 46,619 4,881 8,308 -1,242 15,685
-9,035 -1,130 -4,467 -2,353 -5,289 -5,475 -3,323 -13,068 -11,172 -10,903 -10,381 -8,919
7,099 -5,814 2,426 2,024 6,055 14,679 8,365 -735 -10,072 7,543 1,883 15,515
Net Cash Flow 942 2,125 260 4,696 13,989 -1,188 6,864 32,815 -16,363 4,949 -9,740 22,281

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE % 16% 14% 15% 12% 14% 14% 13% 14% 13% 13% 14% 15%

Shareholding Pattern

Numbers in percentages

15 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
25.99% 25.98% 25.97% 25.96% 25.95% 25.95% 25.94% 25.92% 25.91% 25.90% 25.89% 25.88%
42.06% 40.86% 40.55% 40.92% 40.90% 39.42% 41.54% 40.97% 39.74% 37.59% 33.16% 33.39%
15.49% 16.60% 17.29% 19.96% 20.09% 21.31% 19.57% 20.00% 21.38% 23.40% 27.69% 27.88%
16.46% 16.56% 16.20% 13.16% 13.05% 13.30% 12.92% 13.11% 12.98% 13.11% 13.26% 12.84%
No. of Shareholders 5,30,6925,79,8215,64,7895,54,7795,43,7365,82,7335,60,8256,35,2996,34,6986,81,3017,82,6807,39,755

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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