Kotak Mahindra Bank Ltd

₹ 1,713 -2.10%
27 Jan - close price
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

Ratios (Q1FY23)
Capital Adequacy Ratio - ~23%
Net Interest Margin - ~5%
Gross NPA - 2.3%%
Net NPA - 0.6% %
CASA Ratio - 58% [1] [2]

  • Market Cap 340,236 Cr.
  • Current Price 1,713
  • High / Low 1,998 / 1,630
  • Stock P/E 33.3
  • Book Value 363
  • Dividend Yield 0.06 %
  • ROCE 5.55 %
  • ROE 12.6 %
  • Face Value 5.00

Pros

  • Company has delivered good profit growth of 20.2% CAGR over last 5 years

Cons

  • Stock is trading at 4.72 times its book value
  • The company has delivered a poor sales growth of 8.84% over past five years.
  • Company has a low return on equity of 12.6% over last 3 years.
  • Contingent liabilities of Rs.305,026 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.7,124 Cr.
  • Promoter holding has decreased over last 3 years: -4.01%

* 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Revenue 6,736 6,805 6,912 6,820 6,659 6,449 6,480 6,596 6,897 7,066 7,338 8,093 8,999
Interest 3,306 3,245 3,188 2,923 2,784 2,606 2,538 2,576 2,563 2,545 2,641 2,993 3,346
2,827 3,371 2,836 2,401 2,682 3,119 3,107 3,137 2,865 2,702 3,181 3,623 4,052
Financing Profit 603 188 888 1,496 1,194 724 835 884 1,469 1,820 1,516 1,476 1,601
Financing Margin % 9% 3% 13% 22% 18% 11% 13% 13% 21% 26% 21% 18% 18%
1,341 1,489 774 1,432 1,290 1,504 1,352 1,813 1,364 1,826 1,244 1,954 2,100
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,944 1,678 1,662 2,929 2,484 2,228 2,186 2,696 2,833 3,646 2,760 3,431 3,701
Tax % 18% 25% 25% 25% 25% 24% 25% 25% 25% 24% 25% 25% 25%
Net Profit 1,596 1,267 1,244 2,184 1,854 1,682 1,642 2,032 2,131 2,767 2,071 2,581 2,792
EPS in Rs 8.35 6.62 6.29 11.04 9.36 8.49 8.28 10.25 10.74 13.94 10.43 13.00 14.06
Gross NPA % 2.46% 2.25% 2.70% 2.55% 2.26% 3.25% 3.56% 3.19% 2.71% 2.34% 2.24% 2.08% 1.90%
Net NPA % 0.89% 0.71% 0.87% 0.64% 0.50% 1.21% 1.28% 1.06% 0.79% 0.64% 0.62% 0.55% 0.43%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Revenue 4,190 6,180 8,042 8,767 9,720 16,384 17,699 19,748 23,890 26,930 26,840 27,039 31,496
Interest 2,092 3,668 4,837 5,047 5,496 9,484 9,573 10,217 12,684 13,430 11,501 10,221 11,525
1,592 1,773 2,262 2,682 3,226 6,102 6,165 7,063 8,110 10,695 10,676 11,430 13,558
Financing Profit 505 739 944 1,038 997 799 1,962 2,469 3,096 2,805 4,663 5,388 6,413
Financing Margin % 12% 12% 12% 12% 10% 5% 11% 12% 13% 10% 17% 20% 20%
781 977 1,161 1,400 2,028 2,612 3,477 4,052 4,657 5,372 5,007 6,354 7,124
Depreciation 98 117 133 165 193 287 291 303 367 372 367 381 0
Profit before tax 1,188 1,600 1,972 2,272 2,833 3,124 5,148 6,218 7,386 7,805 9,303 11,361 13,537
Tax % 31% 32% 31% 34% 34% 33% 34% 34% 34% 24% 25% 25%
Net Profit 818 1,085 1,361 1,503 1,866 2,090 3,412 4,084 4,865 5,947 6,965 8,573 10,211
EPS in Rs 5.55 7.32 9.11 9.75 12.08 11.39 18.53 21.43 25.49 31.09 35.14 43.19 51.43
Dividend Payout % 4% 4% 4% 4% 4% 4% 3% 3% 3% 0% 3% 3%
Compounded Sales Growth
10 Years: 16%
5 Years: 9%
3 Years: 4%
TTM: 19%
Compounded Profit Growth
10 Years: 23%
5 Years: 20%
3 Years: 21%
TTM: 36%
Stock Price CAGR
10 Years: 18%
5 Years: 9%
3 Years: 1%
1 Year: -10%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
368 370 373 385 386 917 920 953 1,454 1,457 1,491 1,492
Reserves 6,428 7,576 9,074 11,890 13,755 23,042 26,696 36,529 41,444 47,559 62,236 70,964
40,985 55,132 71,439 71,968 87,010 159,618 178,521 217,797 258,129 300,814 303,751 337,651
3,069 2,589 2,807 3,342 4,861 8,682 8,453 9,654 11,645 10,923 16,492 19,821
Total Liabilities 50,851 65,667 83,694 87,585 106,012 192,260 214,590 264,933 312,172 360,252 383,470 429,428
426 450 464 1,107 1,207 1,552 1,538 1,527 1,652 1,623 1,535 1,644
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 17,121 21,567 28,873 25,485 28,659 51,260 45,074 64,562 71,189 75,052 105,099 100,580
33,304 43,650 54,356 60,994 76,146 139,448 167,978 198,844 239,331 283,577 276,836 327,204
Total Assets 50,851 65,667 83,694 87,585 106,012 192,260 214,590 264,933 312,172 360,252 383,470 429,428

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1,474 -3,923 -1,405 9,002 4,463 6,134 14,412 -10,275 -3,388 30,159 -5,298 2,161
-79 -842 -1,478 -549 -3,454 -52 -2,976 -2,514 810 -7,426 -1,782 -1,320
1,724 4,928 3,938 -6,162 -727 -1,464 257 9,837 7,633 5,883 -6,586 2,456
Net Cash Flow 171 164 1,055 2,291 282 4,617 11,692 -2,952 5,055 28,617 -13,666 3,297

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
ROE % 14% 15% 16% 14% 14% 11% 13% 12% 12% 13% 12% 13%

Shareholding Pattern

Numbers in percentages

10 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
29.92 26.07 26.05 26.03 26.02 26.00 26.00 25.99 25.98 25.97 25.96 25.95
39.17 42.15 42.23 45.09 44.23 42.77 42.58 42.06 40.86 40.55 40.92 40.90
12.64 15.27 15.26 12.92 13.53 14.62 15.29 15.49 16.60 17.29 19.96 20.09
18.26 16.51 16.46 15.96 16.22 16.61 16.13 16.46 16.56 16.20 13.16 13.05

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls