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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private Sector27 BKC, C-27, G-Block, Mumbai Maharashtra 400051investor.grievances@kotak.com
http://www.kotak.com
Management
NamePosition Held
Mr. Prakash ApteNon Exe.Chairman&Ind.Director
Mr. Uday KotakManaging Director & CEO
Mr. Dipak GuptaJoint Managing Director
Mr. K V S ManianWhole Time Director
Mr. Amit DesaiNon Executive Director
Mr. C JayaramNon Executive Director
Mr. Uday ShankarIndependent Director
Mr. Ashok GulatiIndependent Director
Mr. Uday Chander KhannaIndependent Director
Ms. Ashu SuyashIndependent Director
Mr. C S RajanIndependent Director
Ms. Shanti EkambaramWhole Time Director

Basic Stock Data of Kotak Mahindra Bank Ltd

Last Updated: June 20, 2024, 10:40 pm

Market Cap 3,50,811 Cr.
Current Price 1,766
High / Low1,988/1,544
Stock P/E19.3
Book Value 563
Dividend Yield0.08 %
ROCE8.75 %
ROE16.3 %
Face Value 5.00
PEG Ratio1.35

Kotak Mahindra Bank Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Revenue8,1347,9528,0438,2338,6268,8389,1649,99411,01111,98212,86913,71714,495
Interest3,1202,9332,8512,8802,9192,9043,0043,3753,8024,2304,8345,5365,985
Expenses8,0969,4297,2028,5326,8398,5554,8799,3139,34510,54810,30310,13612,484
Financing Profit-3,082-4,410-2,009-3,179-1,132-2,6201,281-2,694-2,136-2,796-2,269-1,955-3,975
Financing Margin %-38%-55%-25%-39%-13%-30%14%-27%-19%-23%-18%-14%-27%
Other Income6,5377,7734,5297,1105,5437,8382,4057,4417,3608,7857,8557,8439,588
Depreciation000001310000000
Profit before tax3,4553,3642,5193,9314,4115,0873,6864,7475,2245,9895,5865,8885,614
Tax %25%24%29%25%24%24%26%25%24%24%26%25%25%
Net Profit2,6022,5891,8062,9893,4033,8922,7553,6083,9954,5664,1504,4614,265
EPS in Rs13.1413.079.1115.0717.1519.6113.8818.1720.1222.9920.8822.4521.46
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: June 7, 2024, 1:31 am

Kotak Mahindra Bank Ltd Quarterly Chart

Kotak Mahindra Bank Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue8,47010,83811,98613,31920,40222,32425,13129,83133,47432,82033,74142,15153,062
Interest4,5426,0246,3126,96611,12311,45812,46715,18715,90112,96711,55414,41120,585
Expenses5,6516,6037,0539,71811,54114,83216,80519,75822,57829,81230,69933,48543,471
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 Income4,5435,1125,2828,1527,63111,66013,68216,14816,89223,58824,94125,99134,071
Depreciation1641792082373453623834584654614805990
Profit before tax2,6563,1443,6954,5505,0247,3329,15810,57611,42213,16815,94819,64623,077
Tax %30%30%32%33%32%32%33%33%25%25%25%25%
Net Profit1,8852,2382,5273,1053,5245,0196,2587,2048,5939,99012,08914,92517,442
EPS in Rs12.3714.6616.0019.7218.8626.8432.5437.7444.9250.4160.9175.1387.78
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:14%
5 Years:3%
3 Years:-1%
1 Year:-8%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:15%
Last Year:16%

Last Updated: June 17, 2024, 2:57 pm

Kotak Mahindra Bank Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital370373385386917920953954957991992993994
Reserves12,56614,89418,69921,77032,44737,57249,53556,82765,68083,34895,673110,821
Preference Capital0000000500500500500500
Borrowings65,65585,56185,937104,258179,679205,230249,840291,263325,977326,610365,247418,307
Other Liabilities13,73115,00617,17622,04927,76132,46537,39246,12650,55967,90584,58690,309
Total Liabilities92,323115,835122,197148,464240,804276,188337,720395,171443,173478,854546,498620,430
Fixed Assets6156201,2641,3851,7611,7592,5432,6972,6752,5542,7233,075
CWIP000000000000
Investments31,65840,90738,79145,58970,27468,46290,977103,487111,197156,946164,529195,338
Other Assets60,04974,30882,142101,490168,769205,967244,201288,987329,301319,355379,245422,017
Total Assets92,323115,835122,197148,464240,804276,188337,720395,171443,173478,854546,498620,430

Kotak Mahindra Bank Ltd Reserves and Borrowings Chart

Kotak Mahindra Bank Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1,1922,8789,0682,3025,02513,222-10,3921,82246,6194,8818,308-1,242
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 7,2297,099-5,8142,4262,0246,05514,6798,365-735-10,0727,5431,883
Net Cash Flow5829422,1252604,69613,989-1,1886,86432,815-16,3634,949-9,740

Kotak Mahindra Bank Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters26.03%26.02%26.00%26.00%25.99%25.98%25.97%25.96%25.95%25.95%25.94%25.92%
FIIs45.09%44.23%42.77%42.58%42.06%40.86%40.55%40.92%40.90%39.42%41.54%40.97%
DIIs12.92%13.53%14.62%15.29%15.49%16.60%17.29%19.96%20.09%21.31%19.57%20.00%
Public15.96%16.22%16.61%16.13%16.46%16.56%16.20%13.16%13.05%13.30%12.92%13.11%
No. of Shareholders3,55,8204,23,2394,92,3184,75,6715,30,6925,79,8215,64,7895,54,7795,43,7365,82,7335,60,8256,35,299

Kotak Mahindra Bank Ltd Shareholding Pattern Chart

No. of Kotak Mahindra Bank Ltd Shareholders

Kotak Mahindra Bank Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Nifty 50 ETF27,294,7713.054747.654,128,3352024-06-20561.16%
SBI S&P BSE Sensex ETF18,705,7923.423253.224,128,3352024-06-20353.11%
Mirae Asset Large Cap Fund5,520,6842.79960.274,128,3352024-06-2033.73%
UTI Flexi Cap Fund5,167,8513.69898.94,128,3352024-06-2025.18%
Axis ELSS Tax Saver Fund4,834,6502.7840.944,128,3352024-06-2017.11%
ICICI Prudential Balanced Advantage Fund4,472,1991.56777.894,128,3352024-06-208.33%
SBI Blue Chip Fund4,390,4701.98763.684,128,3352024-06-206.35%
SBI Flexi Cap Fund4,314,0004.27750.384,128,3352024-06-204.5%
HDFC Top 100 Fund - Regular Plan4,128,3352.79718.084,128,3352024-06-200%
Axis Bluechip Fund3,592,0002.03624.794,128,3352024-06-20-12.99%

Kotak Mahindra Bank Ltd ROCE Trend

Kotak Mahindra Bank Ltd EPS Trend

Kotak Mahindra Bank Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value5.005.005.005.005.00
Basic EPS (Rs.)91.4574.9660.7650.5344.73
Diluted EPS (Rs.)91.4574.9460.7350.4944.68
Cash EPS (Rs.)90.4377.4262.5452.2947.00
Book Value[Excl.RevalReserv]/Share (Rs.)653.81562.86487.06425.56348.33
Book Value[Incl.RevalReserv]/Share (Rs.)653.81562.86487.06425.56348.33
Operating Revenue / Share (Rs.)282.89212.18170.01165.60174.98
Net Profit / Share (Rs.)90.4374.4060.1249.9744.99
Net Profit After MI / Share (Rs.)91.6275.1360.9150.4144.92
Net Profit Margin (%)31.9635.0635.3630.1725.71
Net Profit After MI And SOA Nargin (%)32.3835.4035.8330.4325.67
Operating Profit Margin (%)-35.67-26.59-39.65-42.93-24.74
Return On Assets (%)2.372.402.212.081.93
Return On Equity / Networth (%)14.0113.3412.5011.8412.89
Net Interest Margin (X)4.384.474.054.143.96
Cost To Income (%)56.9962.6164.7962.5351.34
Interest Income / Total Assets (%)7.326.796.176.857.55
Non-Interest Income / Total Assets (%)4.954.184.635.013.81
Operating Profit / Total Assets (%)-2.61-1.80-2.44-2.94-1.86
Operating Expenses / Total Assets (%)5.975.425.635.724.62
Interest Expenses / Total Assets (%)2.932.322.112.703.58
Enterprise Value (Rs.Cr.)839090.38743190.93697934.59662196.27564960.42
EV Per Net Sales (X)14.9217.6320.6920.1816.88
Price To Book Value (X)2.733.083.604.123.72
Price To Sales (X)6.318.1710.3210.597.41
Retention Ratios (%)100.0098.26100.00100.00100.00
Earnings Yield (X)0.050.040.030.020.03

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: 1,772.56

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: 0.37% compared to the current price 1766

Intrinsic Value: 2,026.71

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: 14.76% compared to the current price ₹1766

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 ₹1772.56.

What is the Market Cap of Kotak Mahindra Bank Ltd?

The Market Cap of Kotak Mahindra Bank Ltd is 3,50,811 Cr..

What is the current Stock Price of Kotak Mahindra Bank Ltd as on 21 June 2024?

The current stock price of Kotak Mahindra Bank Ltd as on 21 June 2024 is ₹1,766.

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 19.3.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kotak Mahindra Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE