Kotak Mahindra Bank Ltd

Kotak Mah. Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kotak Mahindra Bank Ltd

₹ 1,642 -10.87%
25 Apr - close price
kotak.com BSE: 500247 NSE : KOTAKBANK
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]

Website BSE NSE
  • Market Cap ₹ 3,26,506 Cr.
  • Current Price ₹ 1,642
  • High / Low ₹ 2,064 / 1,602
  • Stock P/E 24.8
  • Book Value ₹ 418
  • Dividend Yield 0.09 %
  • ROCE 6.15 %
  • ROE 14.1 %
  • Face Value ₹ 5.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 22.0% CAGR over last 5 years

Cons

  • Stock is trading at 3.93 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of 13.2% over last 3 years.
  • Contingent liabilities of Rs.4,98,729 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.9,481 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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 6,659 6,449 6,480 6,596 6,897 7,066 7,338 8,093 8,999 9,821 10,500 11,193 11,799
Interest 2,784 2,606 2,538 2,576 2,563 2,545 2,641 2,993 3,346 3,718 4,266 4,896 5,246
2,682 3,119 3,107 3,137 2,865 2,579 3,181 3,501 3,900 3,789 4,332 4,368 4,863
Financing Profit 1,194 724 835 884 1,469 1,942 1,516 1,598 1,753 2,314 1,902 1,929 1,690
Financing Margin % 18% 11% 13% 13% 21% 27% 21% 20% 19% 24% 18% 17% 14%
1,290 1,504 1,352 1,813 1,364 1,704 1,244 1,832 1,948 2,186 2,683 2,315 2,297
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,484 2,228 2,186 2,696 2,833 3,646 2,760 3,431 3,701 4,500 4,585 4,244 3,987
Tax % 25% 24% 25% 25% 25% 24% 25% 25% 25% 22% 25% 25% 25%
1,854 1,682 1,642 2,032 2,131 2,767 2,071 2,581 2,792 3,496 3,452 3,191 3,005
EPS in Rs 9.36 8.49 8.28 10.25 10.74 13.94 10.43 13.00 14.06 17.60 17.37 16.06 15.12
Gross NPA % 2.26% 3.25% 3.56% 3.19% 2.71% 2.34% 2.24% 2.08% 1.90% 1.78% 1.77% 1.72% 1.73%
Net NPA % 0.50% 1.21% 1.28% 1.06% 0.79% 0.64% 0.62% 0.55% 0.43% 0.37% 0.40% 0.37% 0.34%
Raw PDF
Upcoming result date: 4 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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 6,180 8,042 8,767 9,720 16,384 17,699 19,748 23,890 26,930 26,840 27,039 34,251 43,313
Interest 3,668 4,837 5,047 5,496 9,484 9,573 10,217 12,684 13,430 11,501 10,221 12,699 18,126
1,773 2,262 2,682 3,226 6,102 6,165 7,063 8,110 10,695 10,676 11,062 13,782 17,352
Financing Profit 739 944 1,038 997 799 1,962 2,469 3,096 2,805 4,663 5,756 7,770 7,835
Financing Margin % 12% 12% 12% 10% 5% 11% 12% 13% 10% 17% 21% 23% 18%
977 1,161 1,400 2,028 2,612 3,477 4,052 4,657 5,372 5,007 5,986 7,083 9,481
Depreciation 117 133 165 193 287 291 303 367 372 367 381 462 0
Profit before tax 1,600 1,972 2,272 2,833 3,124 5,148 6,218 7,386 7,805 9,303 11,361 14,391 17,316
Tax % 32% 31% 34% 34% 33% 34% 34% 34% 24% 25% 25% 24%
1,085 1,361 1,503 1,866 2,090 3,412 4,084 4,865 5,947 6,965 8,573 10,939 13,144
EPS in Rs 7.32 9.11 9.75 12.08 11.39 18.53 21.43 25.49 31.09 35.14 43.19 55.07 66.15
Dividend Payout % 4% 4% 4% 4% 4% 3% 3% 3% 0% 3% 3% 3%
Compounded Sales Growth
10 Years: 16%
5 Years: 12%
3 Years: 8%
TTM: 38%
Compounded Profit Growth
10 Years: 23%
5 Years: 22%
3 Years: 23%
TTM: 29%
Stock Price CAGR
10 Years: 15%
5 Years: 4%
3 Years: -2%
1 Year: -13%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 370 373 385 386 917 920 953 954 957 991 992 993
Reserves 7,610 9,091 11,898 13,758 23,045 26,697 36,531 41,446 47,562 62,238 70,995 82,027
Preference Capital 0 0 0 0 0 0 0 500 500 500 500 500
55,132 71,439 71,968 87,010 159,618 178,521 217,797 258,129 300,814 303,751 337,651 386,512
2,554 2,790 3,334 4,858 8,679 8,451 9,652 11,643 10,920 16,490 19,789 20,330
Total Liabilities 65,667 83,694 87,585 106,012 192,260 214,590 264,933 312,172 360,252 383,470 429,428 489,862
450 464 1,107 1,207 1,552 1,538 1,527 1,652 1,623 1,535 1,644 1,920
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 21,567 28,873 25,485 28,659 51,260 45,074 64,562 71,189 75,052 105,099 100,580 121,404
43,650 54,356 60,994 76,146 139,448 167,978 198,844 239,331 283,577 276,836 327,204 366,538
Total Assets 65,667 83,694 87,585 106,012 192,260 214,590 264,933 312,172 360,252 383,470 429,428 489,862

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3,923 -1,405 9,002 4,463 6,134 14,412 -10,275 -3,388 30,159 -5,298 2,161 -8,369
-842 -1,478 -549 -3,454 -52 -2,976 -2,514 810 -7,426 -1,782 -1,320 529
4,928 3,938 -6,162 -727 -1,464 257 9,837 7,633 5,883 -6,586 2,456 -2,542
Net Cash Flow 164 1,055 2,291 282 4,617 11,692 -2,952 5,055 28,617 -13,666 3,297 -10,382

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
ROE % 15% 16% 14% 14% 11% 13% 12% 12% 13% 12% 13% 14%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
26.00% 26.00% 25.99% 25.98% 25.97% 25.96% 25.95% 25.95% 25.94% 25.92% 25.91% 25.90%
42.77% 42.58% 42.06% 40.86% 40.55% 40.92% 40.90% 39.42% 41.54% 40.97% 39.74% 37.59%
14.62% 15.29% 15.49% 16.60% 17.29% 19.96% 20.09% 21.31% 19.57% 20.00% 21.38% 23.40%
16.61% 16.13% 16.46% 16.56% 16.20% 13.16% 13.05% 13.30% 12.92% 13.11% 12.98% 13.11%
No. of Shareholders 4,92,3184,75,6715,30,6925,79,8215,64,7895,54,7795,43,7365,82,7335,60,8256,35,2996,34,6986,81,301

* 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.

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