Fundamental Analysis of Kotak Mahindra Bank Ltd

About the Company - Kotak Mahindra Bank Ltd

Kotak Mahindra Bank Ltd. is a Public Limited Listed company incorporated on 21/11/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65110MH1985PLC038137 and registration number is 038137. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 27038.82 Cr. and Equity Capital is Rs. 992.33 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Finance - Banks - Private Sector	27 BKC, C-27, G-Block, Mumbai Maharashtra 400051	investor.grievances@kotak.com http://www.kotak.com

Management
Name	Position Held
Mr. Prakash Apte	Non Exe.Chairman&Ind.Director
Mr. Uday Kotak	Managing Director & CEO
Mr. Dipak Gupta	Joint Managing Director
Mr. K V S Manian	Whole Time Director
Mr. Amit Desai	Non Executive Director
Mr. C Jayaram	Non Executive Director
Mr. Uday Shankar	Independent Director
Mr. Ashok Gulati	Independent Director
Mr. Uday Chander Khanna	Independent Director
Ms. Ashu Suyash	Independent Director
Mr. C S Rajan	Independent Director
Ms. Shanti Ekambaram	Whole Time Director

Basic Stock Data of Kotak Mahindra Bank Ltd

Last Updated: July 6, 2024, 11:55 am

Market Cap	3,68,308 Cr.
Current Price	1,853
High / Low	1,988/1,544
Stock P/E	20.2
Book Value	563
Dividend Yield	0.08 %
ROCE	8.75 %
ROE	16.3 %
Face Value	5.00
PEG Ratio	1.41

Kotak Mahindra Bank Ltd Quarterly Results

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	8,134	7,952	8,043	8,233	8,626	8,838	9,164	9,994	11,011	11,982	12,869	13,717	14,495
Interest	3,120	2,933	2,851	2,880	2,919	2,904	3,004	3,375	3,802	4,230	4,834	5,536	5,985
Expenses	8,096	9,429	7,202	8,532	6,839	8,555	4,879	9,313	9,345	10,548	10,303	10,136	12,484
Financing Profit	-3,082	-4,410	-2,009	-3,179	-1,132	-2,620	1,281	-2,694	-2,136	-2,796	-2,269	-1,955	-3,975
Financing Margin %	-38%	-55%	-25%	-39%	-13%	-30%	14%	-27%	-19%	-23%	-18%	-14%	-27%
Other Income	6,537	7,773	4,529	7,110	5,543	7,838	2,405	7,441	7,360	8,785	7,855	7,843	9,588
Depreciation	0	0	0	0	0	131	0	0	0	0	0	0	0
Profit before tax	3,455	3,364	2,519	3,931	4,411	5,087	3,686	4,747	5,224	5,989	5,586	5,888	5,614
Tax %	25%	24%	29%	25%	24%	24%	26%	25%	24%	24%	26%	25%	25%
Net Profit	2,602	2,589	1,806	2,989	3,403	3,892	2,755	3,608	3,995	4,566	4,150	4,461	4,265
EPS in Rs	13.14	13.07	9.11	15.07	17.15	19.61	13.88	18.17	20.12	22.99	20.88	22.45	21.46
Gross NPA %	2.25%	3.22%	3.58%	3.16%	2.75%	2.37%	2.27%	2.09%	1.91%	1.76%	1.75%	1.69%	1.68%
Net NPA %	0.53%	1.23%	1.34%	1.09%	0.87%	0.71%	0.69%	0.60%	0.48%	0.41%	0.43%	0.39%	0.36%

Last Updated: July 7, 2024, 6:13 am

Kotak Mahindra Bank Ltd Quarterly Chart

Kotak Mahindra Bank Ltd Profit & Loss

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Revenue	8,470	10,838	11,986	13,319	20,402	22,324	25,131	29,831	33,474	32,820	33,741	42,151	53,062
Interest	4,542	6,024	6,312	6,966	11,123	11,458	12,467	15,187	15,901	12,967	11,554	14,411	20,585
Expenses	5,651	6,603	7,053	9,718	11,541	14,832	16,805	19,758	22,578	29,812	30,699	33,485	43,471
Financing Profit	-1,723	-1,789	-1,379	-3,366	-2,263	-3,965	-4,141	-5,114	-5,005	-9,958	-8,512	-5,746	-10,994
Financing Margin %	-20%	-17%	-12%	-25%	-11%	-18%	-16%	-17%	-15%	-30%	-25%	-14%	-21%
Other Income	4,543	5,112	5,282	8,152	7,631	11,660	13,682	16,148	16,892	23,588	24,941	25,991	34,071
Depreciation	164	179	208	237	345	362	383	458	465	461	480	599	0
Profit before tax	2,656	3,144	3,695	4,550	5,024	7,332	9,158	10,576	11,422	13,168	15,948	19,646	23,077
Tax %	30%	30%	32%	33%	32%	32%	33%	33%	25%	25%	25%	25%
Net Profit	1,885	2,238	2,527	3,105	3,524	5,019	6,258	7,204	8,593	9,990	12,089	14,925	17,442
EPS in Rs	12.37	14.66	16.00	19.72	18.86	26.84	32.54	37.74	44.92	50.41	60.91	75.13	87.78
Dividend Payout %	2%	2%	2%	2%	3%	2%	2%	2%	0%	2%	2%	2%

Kotak Mahindra Bank Ltd Profit & Loss Yearly Chart

Kotak Mahindra Bank Ltd Growth

Compounded Sales Growth
10 Years:	17%
5 Years:	14%
3 Years:	20%
TTM:	33%

Compounded Profit Growth
10 Years:	22%
5 Years:	20%
3 Years:	22%
TTM:	22%

Stock Price CAGR
10 Years:	15%
5 Years:	4%
3 Years:	2%
1 Year:	-2%

Return on Equity
10 Years:	14%
5 Years:	14%
3 Years:	15%
Last Year:	16%

Last Updated: June 28, 2024, 5:44 pm

Kotak Mahindra Bank Ltd Balance Sheet

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	370	373	385	386	917	920	953	954	957	991	992	993	994
Reserves	12,566	14,894	18,699	21,770	32,447	37,572	49,535	56,827	65,680	83,348	95,673	110,821
Preference Capital	0	0	0	0	0	0	0	500	500	500	500	500
Borrowings	65,655	85,561	85,937	104,258	179,679	205,230	249,840	291,263	325,977	326,610	365,247	418,307
Other Liabilities	13,731	15,006	17,176	22,049	27,761	32,465	37,392	46,126	50,559	67,905	84,586	90,309
Total Liabilities	92,323	115,835	122,197	148,464	240,804	276,188	337,720	395,171	443,173	478,854	546,498	620,430
Fixed Assets	615	620	1,264	1,385	1,761	1,759	2,543	2,697	2,675	2,554	2,723	3,075
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	31,658	40,907	38,791	45,589	70,274	68,462	90,977	103,487	111,197	156,946	164,529	195,338
Other Assets	60,049	74,308	82,142	101,490	168,769	205,967	244,201	288,987	329,301	319,355	379,245	422,017
Total Assets	92,323	115,835	122,197	148,464	240,804	276,188	337,720	395,171	443,173	478,854	546,498	620,430

Kotak Mahindra Bank Ltd Reserves and Borrowings Chart

Kotak Mahindra Bank Ltd Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity	-1,192	2,878	9,068	2,302	5,025	13,222	-10,392	1,822	46,619	4,881	8,308	-1,242
Cash from Investing Activity	-5,456	-9,035	-1,130	-4,467	-2,353	-5,289	-5,475	-3,323	-13,068	-11,172	-10,903	-10,381
Cash from Financing Activity	7,229	7,099	-5,814	2,426	2,024	6,055	14,679	8,365	-735	-10,072	7,543	1,883
Net Cash Flow	582	942	2,125	260	4,696	13,989	-1,188	6,864	32,815	-16,363	4,949	-9,740

Kotak Mahindra Bank Ltd Financial Efficiency Indicators

Month	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%

Kotak Mahindra Bank Ltd Financial Efficiency Indicators Chart

Kotak Mahindra Bank Ltd Share Holding Pattern

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Promoters	26.03%	26.02%	26.00%	26.00%	25.99%	25.98%	25.97%	25.96%	25.95%	25.95%	25.94%	25.92%
FIIs	45.09%	44.23%	42.77%	42.58%	42.06%	40.86%	40.55%	40.92%	40.90%	39.42%	41.54%	40.97%
DIIs	12.92%	13.53%	14.62%	15.29%	15.49%	16.60%	17.29%	19.96%	20.09%	21.31%	19.57%	20.00%
Public	15.96%	16.22%	16.61%	16.13%	16.46%	16.56%	16.20%	13.16%	13.05%	13.30%	12.92%	13.11%
No. of Shareholders	3,55,820	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

Kotak Mahindra Bank Ltd Shareholding Pattern Chart

No. of Kotak Mahindra Bank Ltd Shareholders

Kotak Mahindra Bank Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
SBI Nifty 50 ETF	27,294,771	3.05	4747.65	4,390,470	2024-07-05	521.68%
SBI S&P BSE Sensex ETF	18,705,792	3.42	3253.22	4,390,470	2024-07-05	326.05%
Mirae Asset Large Cap Fund	5,520,684	2.79	960.27	4,390,470	2024-07-05	25.74%
UTI Flexi Cap Fund	5,167,851	3.69	898.9	4,390,470	2024-07-05	17.71%
Axis ELSS Tax Saver Fund	4,834,650	2.7	840.94	4,390,470	2024-07-05	10.12%
ICICI Prudential Balanced Advantage Fund	4,472,199	1.56	777.89	4,390,470	2024-07-05	1.86%
SBI Blue Chip Fund	4,390,470	1.98	763.68	4,390,470	2024-07-05	0%
SBI Flexi Cap Fund	4,314,000	4.27	750.38	4,390,470	2024-07-05	-1.74%
HDFC Top 100 Fund - Regular Plan	4,128,335	2.79	718.08	4,390,470	2024-07-05	-5.97%
Axis Bluechip Fund	3,592,000	2.03	624.79	4,390,470	2024-07-05	-18.19%

Kotak Mahindra Bank Ltd ROCE Trend

Kotak Mahindra Bank Ltd EPS Trend

Kotak Mahindra Bank Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
Face Value	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	91.45	74.96	60.76	50.53	44.73
Diluted EPS (Rs.)	91.45	74.94	60.73	50.49	44.68
Cash EPS (Rs.)	90.43	77.42	62.54	52.29	47.00
Book Value[Excl.RevalReserv]/Share (Rs.)	653.81	562.86	487.06	425.56	348.33
Book Value[Incl.RevalReserv]/Share (Rs.)	653.81	562.86	487.06	425.56	348.33
Operating Revenue / Share (Rs.)	282.89	212.18	170.01	165.60	174.98
Net Profit / Share (Rs.)	90.43	74.40	60.12	49.97	44.99
Net Profit After MI / Share (Rs.)	91.62	75.13	60.91	50.41	44.92
Net Profit Margin (%)	31.96	35.06	35.36	30.17	25.71
Net Profit After MI And SOA Nargin (%)	32.38	35.40	35.83	30.43	25.67
Operating Profit Margin (%)	-35.67	-26.59	-39.65	-42.93	-24.74
Return On Assets (%)	2.37	2.40	2.21	2.08	1.93
Return On Equity / Networth (%)	14.01	13.34	12.50	11.84	12.89
Net Interest Margin (X)	4.38	4.47	4.05	4.14	3.96
Cost To Income (%)	56.99	62.61	64.79	62.53	51.34
Interest Income / Total Assets (%)	7.32	6.79	6.17	6.85	7.55
Non-Interest Income / Total Assets (%)	4.95	4.18	4.63	5.01	3.81
Operating Profit / Total Assets (%)	-2.61	-1.80	-2.44	-2.94	-1.86
Operating Expenses / Total Assets (%)	5.97	5.42	5.63	5.72	4.62
Interest Expenses / Total Assets (%)	2.93	2.32	2.11	2.70	3.58
Enterprise Value (Rs.Cr.)	839090.38	743190.93	697934.59	662196.27	564960.42
EV Per Net Sales (X)	14.92	17.63	20.69	20.18	16.88
Price To Book Value (X)	2.73	3.08	3.60	4.12	3.72
Price To Sales (X)	6.31	8.17	10.32	10.59	7.41
Retention Ratios (%)	100.00	98.26	100.00	100.00	100.00
Earnings Yield (X)	0.05	0.04	0.03	0.02	0.03

Kotak Mahindra Bank Ltd Profitability Ratios (%)

Kotak Mahindra Bank Ltd Liquidity Ratios

Kotak Mahindra Bank Ltd Liquidity Ratios (%)

Kotak Mahindra Bank Ltd Interest Coverage Ratios (%)

Kotak Mahindra Bank Ltd Valuation Ratios

Fair Value

Fair Value: 1,855.22

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 0.12% compared to the current price 1853

Intrinsic Value: 2,121.22

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 14.47% compared to the current price ₹1853

Last 5 Year EPS CAGR: 14.34%

*Investments are subject to market risks

Strength and Weakness of Kotak Mahindra Bank Ltd Stock

Unable to fetch valid data for stock valuation.

FAQ

What is the latest fair value of Kotak Mahindra Bank Ltd?

The latest fair value of Kotak Mahindra Bank Ltd is ₹1855.22.

What is the Market Cap of Kotak Mahindra Bank Ltd?

The Market Cap of Kotak Mahindra Bank Ltd is 3,68,308 Cr..

What is the current Stock Price of Kotak Mahindra Bank Ltd as on 06 July 2024?

The current stock price of Kotak Mahindra Bank Ltd as on 06 July 2024 is 1,853.

What is the High / Low of Kotak Mahindra Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of Kotak Mahindra Bank Ltd stocks is 1,988/1,544.

What is the Stock P/E of Kotak Mahindra Bank Ltd?

The Stock P/E of Kotak Mahindra Bank Ltd is 20.2.

What is the Book Value of Kotak Mahindra Bank Ltd?

The Book Value of Kotak Mahindra Bank Ltd is 563.

What is the Dividend Yield of Kotak Mahindra Bank Ltd?

The Dividend Yield of Kotak Mahindra Bank Ltd is 0.08 %.

What is the ROCE of Kotak Mahindra Bank Ltd?

The ROCE of Kotak Mahindra Bank Ltd is 8.75 %.

What is the ROE of Kotak Mahindra Bank Ltd?

The ROE of Kotak Mahindra Bank Ltd is 16.3 %.

What is the Face Value of Kotak Mahindra Bank Ltd?

The Face Value of Kotak Mahindra Bank Ltd is 5.00.