Kotak Mahindra Bank

₹1679.2 -25.4 | 1.5%

WEBSITE BSE:500247 NSE : KOTAK MAH.BK 23 Mar, 16:01

Market Cap ₹333564 Cr.

Stock P/E 23.4

P/B 3.1

Current Price ₹1679.2

Book Value ₹ 538.8

Face Value 5

52W High ₹1997

Dividend Yield 0.07%

52W Low ₹ 1630

Edit Ratio

Kotak Mahindra Bank Research see more...

Kotak Mahindra Bank looks strong to achieve high growth in ROE and Market Capitalisation by FY25.

Overview Inc. Year: 1985Industry: Bank - Private

Kotak Mahindra Bank Limited (the Bank) is an India-based bank. The Bank provides a number of banking services to its clients such as retail banking, treasury and corporate banking in India and also has a representative workplace in Dubai. Its segments include Corporate / Wholesale Banking, Retail Banking, Treasury, BMU and Corporate Centre, and Other Banking commercial enterprise. The Corporate / Wholesale Banking segment consists of wholesale borrowings and lending and other related offerings to the corporate area, which are not protected under retail banking. The Retail Banking segment includes lending, branch banking and credit cards. The Treasury, BMU and Corporate Centre segment includes money market, forex marketplace, derivatives, investments and primary dealership of government securities and balance sheet management unit (BMU) for asset liability control and corporate centre, which commonly consists of help features. The Other Banking business section consists of different groups.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Kotak Mahindra Bank Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Interest Earned	8337	8280	7952	8043	8226	8626	8838	9164	9994	11011
Other Income	5254	6555	8224	4757	7116	5550	7956	2495	7519	7470
Total Income	13591	14835	16176	12800	15342	14176	16794	11659	17513	18481
Interest Expense	3286	3120	2933	2851	2880	2919	2903	3004	3374	3804
Operating Expenditure	5918	7586	8665	6343	8096	6965	9206	4960	9255	9306
Provisions and contingencies	473	674	1215	1087	434	-118	-402	9	137	147
Operating Profit	3914	3455	3364	2519	3931	4411	5087	3686	4747	5224
Profit Before Tax	3914	3455	3364	2519	3931	4411	5087	3686	4747	5224
Provision for Tax	981	879	810	725	990	1073	1229	974	1168	1265
Profit After Tax	2933	2576	2553	1795	2941	3338	3859	2712	3579	3959
Adjustments	13	26	36	11	48	65	33	43	29	36
Profit After Adjustments	2947	2602	2589	1806	2989	3403	3892	2755	3608	3995
Adjusted Earnings Per Share	14.9	13.1	13.1	9.1	15.1	17.2	19.6	13.9	18.2	20.1

Kotak Mahindra Bank Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Interest Earned	8470	10838	11986	13319	20402	22324	25131	29831	33474	32820	33740	39007
Other Income	4543	5112	5282	8152	7631	11660	13682	16148	16892	23588	25311	25440
Total Income	13014	15950	17268	21471	28032	33984	38813	45979	50366	56408	59051	64447
Interest Expense	4542	6024	6312	6966	11123	11458	12467	15187	15901	12967	11553	13085
Operating Expenditure	5717	6598	6952	9749	10894	14245	16163	19171	20485	27420	30778	32727
Provisions and contingencies	99	183	309	206	992	949	1025	1045	2558	2852	772	-109
Operating Profit	2657	3144	3696	4550	5024	7332	9158	10576	11422	13168	15948	18744
Profit Before Tax	2657	3144	3696	4550	5024	7332	9158	10576	11422	13168	15948	18744
Provision for Tax	806	940	1184	1485	1593	2383	3011	3456	2815	3265	4016	4636
Profit After Tax	1851	2204	2512	3065	3431	4949	6147	7120	8607	9903	11932	14109
Adjustments	-18	-16	-47	-20	28	-9	54	84	-14	87	158	141
Profit After Adjustments	1832	2188	2465	3045	3459	4940	6201	7204	8593	9990	12089	14250
Adjusted Earnings Per Share	12.4	14.7	16	19.7	18.9	26.8	32.5	37.7	44.7	50.2	60.7	71.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	3%	4%	9%	15%
Operating Profit CAGR	21%	15%	17%	20%
PAT CAGR	20%	19%	19%	20%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	15%	10%	18%
ROE Average	13%	13%	13%	14%
ROCE Average	13%	12%	12%	13%

Kotak Mahindra Bank Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	12936	15267	19085	22156	33364	38493	50488	58282	67137	84839	97165
Minority's Interest	160	209	271	336	396	474	0	0	0	0	0
Deposits	36461	49389	56930	72843	135949	155540	191236	224824	260400	278871	310087
Borrowings	29195	36172	29007	31415	43730	49690	58604	66439	65577	47739	55148
Other Liabilities & Provisions	13598	14798	16944	21825	27365	31991	37392	45626	50059	67405	84097
Total Liabilities	92349	115835	122237	148576	240804	276188	337720	395171	443173	478854	546498
Cash and balance with RBI	2031	2221	2961	3945	6925	7512	8934	10911	9513	12528	16049
Bank Balance	1545	2297	3683	2958	4675	18076	15467	20354	54567	35189	36616
Investments	31658	40907	38791	45589	70274	68462	90977	103487	111197	156946	164529
Advances	53144	66258	71693	88632	144793	167125	205997	243462	249879	252170	304474
Fixed Assets	615	620	1264	1385	1761	1755	1750	1884	1861	1740	1910
Other Assets	3356	3532	3846	6066	12376	13257	14596	15074	16156	20282	22920
Total Assets	92349	115835	122237	148576	240804	276188	337720	395171	443173	478854	546498

Kotak Mahindra Bank Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	2994	3576	4518	6643	6903	11599	25589	24401	31264	64080	47717
Cash Flow from Operating Activities	-1192	2878	9068	2302	5025	13223	-10392	1822	46619	4881	8418
Cash Flow from Investing Activities	-5456	-9035	-1130	-4467	-8662	-5268	-5608	-3383	-13199	-11116	-11084
Cash Flow from Financing Activities	7229	7099	-5814	2426	2024	6055	14679	8365	-735	-10072	7549
Net Cash Inflow / Outflow	582	942	2125	260	-1613	14010	-1321	6804	32685	-16307	4883
Closing Cash & Cash Equivalent	3576	4518	6643	6903	11599	25589	24401	31264	64080	47717	52665

Kotak Mahindra Bank Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	12.37	14.66	16	19.72	18.86	26.84	32.54	37.74	44.71	50.2	60.71
CEPS(Rs)	13.6	15.96	17.65	21.38	20.58	28.85	34.27	39.7	47.42	52.29	62.54
DPS(Rs)	0.6	0.7	0.8	0.9	0.5	0.6	0.7	0.8	0	0.9	1.1
Book NAV/Share(Rs)	87.09	102.13	123.82	143.32	181.86	209.09	264.93	302.71	348.32	425.55	486.9
Yield on Advances	15.94	16.36	16.72	15.03	14.09	13.36	12.2	12.25	13.4	13.01	11.08
Yield on Investments	5.97	7.55	8.06	10.38	7.29	8.94	7.01	7.07	7.98	7.04	6.96
Cost of Liabilities	6.92	7.04	7.35	6.68	6.19	5.58	4.99	5.21	4.88	3.97	3.16
NIM (Net Interest Margin)	4.45	4.31	4.84	4.5	4.09	4.16	3.94	3.87	4.13	4.35	4.25
Interest Spread	9.02	9.32	9.37	8.35	7.9	7.78	7.21	7.04	8.52	9.04	7.92
ROA(%)	2.23	2.12	2.11	2.26	1.76	1.91	2	1.94	2.05	2.15	2.33
ROE(%)	15.51	15.66	14.63	14.87	12.36	13.78	13.82	13.15	13.84	13.12	13.19
ROCE(%)	12.85	12.72	12.79	14	13.01	12.98	12.95	12.66	11.88	12.1	12.79
PER(x)	21.93	22.22	24.31	33.3	36.12	32.5	32.22	35.39	29	34.94	28.9
Price/Book(x)	3.11	3.19	3.14	4.58	3.74	4.17	3.96	4.41	3.72	4.12	3.6
Dividend Yield(%)	0.11	0.11	0.1	0.07	0.07	0.07	0.07	0.06	0	0.05	0.06
EV/Net Sales(x)	8.19	7.82	7.42	9.97	8.27	9.42	10.28	10.79	9.38	12.06	11.97
EV/Core EBITDA(x)	25.18	25.49	22.21	27.93	28.04	25.39	25.38	27.7	22.47	24.71	24.16
Interest Earned Growth(%)	41.81	27.95	10.59	11.12	53.18	9.42	12.57	18.7	12.21	-1.95	2.8
Net Profit Growth	17.93	19.11	13.94	22.04	11.94	44.24	24.21	15.82	20.89	15.06	20.49
Advances Growth	28.86	24.68	8.2	23.63	63.36	15.42	23.26	18.19	2.64	0.92	20.74
EPS Growth(%)	16.34	18.5	9.17	23.22	-4.36	42.33	21.25	15.99	18.46	12.29	20.93
Loans/Deposits(x)	80.07	73.24	50.95	43.13	32.17	31.95	30.64	29.55	25.18	17.12	17.78
Cash/Deposits(x)	0.06	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.05
Current Ratio(x)	0.87	0.83	0.68	0.63	0.52	0.44	0.48	0.46	0.43	0.56	0.53
Quick Ratio(x)	80.07	73.24	50.95	43.13	32.17	31.95	30.64	29.55	25.18	17.12	17.78
CASA %	31.36	29.92	32.52	37.13	38.66	44.34	50.85	52.47	56.36	60.47	60.63

Kotak Mahindra Bank Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	26.05	26.03	26.02	26	26	25.99	25.98	25.97	25.96	25.95
FII	42.23	45.09	44.23	42.77	42.58	42.06	40.86	40.55	39.26	39.24
DII	15.26	12.91	13.53	14.62	15.29	15.49	16.6	17.29	21.63	21.75
Public	16.46	15.96	16.22	16.61	16.13	16.46	16.56	16.2	13.15	13.05
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	51.57	51.56	51.56	51.56	51.56	51.56	51.56	51.55	51.55	51.55
FII	83.58	89.31	87.66	84.79	84.44	83.45	81.1	80.51	77.97	77.94
DII	30.19	25.57	26.82	28.99	30.33	30.73	32.94	34.32	42.95	43.19
Public	32.58	31.6	32.15	32.93	31.98	32.66	32.87	32.16	26.11	25.93
Others	0	0	0	0	0	0	0	0	0	0
Total	197.92	198.05	198.18	198.27	198.31	198.39	198.47	198.54	198.57	198.61