KOTAKBANK.NS — Kotak Mahindra Bank Limited

Generated 2026-06-10 22:23
USAIND

Quarterly Verdict

🟡 65/100

Hold / watch

Quality grade D; 4 improving / 1 weakening metrics this quarter.

➖ Pricing power (gross margin): Gross margin 0% — thin margins
➕ Leverage (net debt / EBITDA): Net cash — $67.0B more cash than debt
➕ Non-cyclical (beta): Beta 0.29 — low volatility vs market
➖ Buyback efficiency (net share-count Δ): Shares outstanding +393.0% YoY — dilution — share count rising
➕ Revenue +1.4% vs last quarter
➕ Net income +10.1% vs last quarter
➕ Free cash flow +159.0% vs last quarter
➕ Cash +25.9% vs last quarter
➖ Debt +10.0% vs last quarter

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Valuation

Analyst consensus
UndervaluedFairOvervalued
Target ₹461.37 · Price ₹388.10 · +16% margin of safety · 36 analysts · range ₹380.00–₹518.00

Outside circle of competence — analyst targets only. Not financial advice.

Key Trends (6-yr)

GAAP EPS
Sales
Shares Outstanding

Quality Scorecard

D50/100
❌ Pricing power (gross margin) 0% Gross margin 0% — thin margins
⚪ Free cash flow yield — data unavailable
✅ Leverage (net debt / EBITDA) net cash Net cash — $67.0B more cash than debt
✅ Non-cyclical (beta) 0.29 Beta 0.29 — low volatility vs market
⚪ Recurring revenue — no recurring-revenue tag (add to watchlist.json / company_meta.json)
🟡 Returns capital to shareholders yes dividend ~13.0%; shares +393.0%/yr
❌ Buyback efficiency (net share-count Δ) +393.0%/yr Shares outstanding +393.0% YoY — dilution — share count rising

Compounder checklist (proxy metrics from yfinance). 5 of 7 criteria scored. Not financial advice.

Company Overview

Basic Information

Company Name: Kotak Mahindra Bank Limited
Symbol: KOTAKBANK.NS
Exchange: NSI
Sector: Financial Services
Industry: Banks - Regional

Company Details

Country: India
City: Mumbai
Employees: N/A
Market Cap: ₹3.86T
Website: https://www.kotak.bank.in

Business Description

Kotak Mahindra Bank Limited provides a range of banking and financial services to corporate and individual customers in India. It operates through Treasury, BMU, and Corporate Centre; Retail Banking; Corporate/Wholesale Banking; Vehicle Financing; Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; and Insurance segments. The company offers savings, current, retail institution, corporate, and salary accounts; NRE and NRO fixed deposits and foreign currency nonresident deposits; home, personal, business, payday, gold, education, two-wheeler, commercial vehicle and equipment, home improvement, car, business, and crop loans, as well as loans against securities and properties; smart EMI services; bill payment, fund transfer, FASTag, taxes, loan/utility payment, forex and remittance, and wearable payments; working capital solutions; and forex, credit, and debit card services. It also provides investment products; life, vehicle, property, health, car, and two-wheeler insurance; domestic and international trade; international export and import; bank guarantee, letter of credit, and export credit; cash management and trade and supply chain finance; and private banking services. In addition, the company offers demat accounts, mutual funds, and portfolio investment schemes; and wire transfer, click2remit, and remittance exchange house services. Kotak Mahindra Bank Limited was incorporated in 1985 and is headquartered in Mumbai, India.

Key Metrics

Price & Valuation

Current Price
₹388.10
Market Cap
₹3.86T
P/E Ratio
20.02
Forward P/E
13.86
PEG Ratio
0.94
Price to Book
2.13

Profitability

Profit Margin: 26.05%
Operating Margin: 35.12%
Gross Margin: 0.00%
Return on Equity (ROE): 11.39%
Return on Assets (ROA): 2.05%
Revenue Growth: -11.00%

Financial Health

Current Ratio: N/A
Quick Ratio: N/A
Debt to Equity: N/A
Total Debt: ₹953.94B
Total Cash: ₹1.02T
Beta: 0.29

Trading & Analyst Info

52-Week Range

52-Week High: ₹453.20
52-Week Low: ₹345.50
50-Day Average: ₹377.98
200-Day Average: ₹406.01

Analyst Recommendations

Recommendation: BUY
Target Mean Price: ₹461.37
Target High: ₹518.00
Target Low: ₹380.00

Price History

Financial Statements

Income Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Tax Effect Of Unusual Items₹963.89M₹9.24B₹17.61M₹26.69MN/A
Tax Rate For Calcs₹0.26₹0.24₹0.25₹0.25N/A
Total Unusual Items₹3.68B₹38.03B₹71.38M₹107.78MN/A
Total Unusual Items Excluding Goodwill₹3.68B₹38.03B₹71.38M₹107.78MN/A
Net Income From Continuing Operation Net Minority Interest₹192.88B₹221.26B₹182.13B₹149.25BN/A
Reconciled Depreciation₹10.32B₹9.41B₹7.92B₹5.99BN/A
Net Interest Income₹401.61B₹373.98B₹336.69B₹277.40BN/A
Interest Expense₹296.20B₹282.71B₹225.67B₹144.11BN/A
Interest Income₹697.81B₹656.69B₹562.37B₹421.51BN/A
Normalized Income₹190.16B₹192.47B₹182.08B₹149.17BN/A
Net Income From Continuing And Discontinued Operation₹192.88B₹221.26B₹182.13B₹149.25BN/A
Diluted Average Shares₹9.95B₹9.94B₹9.94B₹9.93BN/A
Basic Average Shares₹9.94B₹9.94B₹9.94B₹9.93BN/A
Diluted EPS₹19.39₹22.26₹18.29₹14.99N/A
Basic EPS₹19.40₹22.26₹18.29₹14.99N/A

Showing 15 of 40 rows

Balance Sheet (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Treasury Shares NumberN/AN/A₹0.00N/AN/A
Preferred Shares NumberN/AN/AN/A₹1.00B₹1.00B
Ordinary Shares Number₹9.95B₹9.94B₹9.94B₹9.93BN/A
Share Issued₹9.95B₹9.94B₹9.94B₹9.93BN/A
Net DebtN/A₹56.38B₹66.45B₹48.64B₹2.30B
Total Debt₹953.94B₹867.51B₹751.06B₹523.34BN/A
Tangible Book Value₹1.80T₹1.57T₹1.29T₹1.11TN/A
Invested Capital₹2.77T₹2.44T₹2.05T₹1.64TN/A
Net Tangible Assets₹1.80T₹1.57T₹1.29T₹1.12TN/A
Common Stock Equity₹1.81T₹1.57T₹1.30T₹1.12TN/A
Preferred Stock EquityN/AN/AN/A₹5.00B₹5.00B
Total Capitalization₹2.77T₹2.44T₹2.05T₹1.65TN/A
Total Equity Gross Minority Interest₹1.81T₹1.57T₹1.30T₹1.12TN/A
Stockholders Equity₹1.81T₹1.57T₹1.30T₹1.12TN/A
Other Equity Interest₹1.13B₹942.68M₹792.94M₹603.06MN/A

Showing 15 of 47 rows

Cash Flow Statement (Annual)

Item2026-03-312025-03-312024-03-312023-03-312022-03-31
Free Cash Flow₹406.69B₹157.03B₹145.58B₹-22.29BN/A
Repurchase Of Capital StockN/A₹0.00₹-5.00B₹0.00N/A
Repayment Of Debt₹-22.29BN/AN/AN/AN/A
Issuance Of DebtN/A₹225.16B₹161.52B₹18.74BN/A
Issuance Of Capital Stock₹1.87B₹464.00M₹1.99B₹2.68BN/A
Capital Expenditure₹-10.58B₹-12.13B₹-11.27B₹-9.87BN/A
End Cash Position₹1.02T₹790.62B₹652.06B₹429.25BN/A
Other Cash Adjustment Outside Changein CashN/A₹-232.40MN/AN/AN/A
Beginning Cash Position₹790.62B₹652.06B₹429.25B₹526.65BN/A
Effect Of Exchange Rate Changes₹3.60B₹697.60M₹365.23M₹1.69BN/A
Changes In Cash₹226.69B₹138.09B₹222.45B₹-99.10BN/A
Other Cash Adjustment Inside Changein CashN/A₹0.00₹1.41B₹0.00₹663.55M
Financing Cash Flow₹-25.38B₹221.65B₹155.15B₹18.83BN/A
Cash Dividends Paid₹-4.97B₹-3.98B₹-3.37B₹-2.59BN/A
Common Stock Dividend Paid₹-4.97B₹-3.98B₹-3.37B₹-2.59BN/A

Showing 15 of 47 rows

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