Kotak Mahindra Bank Ltd

₹ 1,928 -0.85%
25 Nov - 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 ₹ 382,944 Cr.
  • Current Price ₹ 1,928
  • High / Low ₹ 2,045 / 1,630
  • Stock P/E 28.0
  • Book Value ₹ 487
  • Dividend Yield 0.06 %
  • ROCE 6.29 %
  • ROE 13.3 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 19.6% CAGR over last 5 years

Cons

  • Stock is trading at 3.96 times its book value
  • The company has delivered a poor sales growth of 8.61% over past five years.
  • Company has a low return on equity of 13.3% over last 3 years.
  • Contingent liabilities of Rs.311,865 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.23,524 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Revenue 8,419 8,332 8,434 8,422 8,313 8,134 7,952 8,043 8,233 8,626 8,838 9,164 9,994
Interest 4,054 3,890 3,801 3,628 3,286 3,120 2,933 2,851 2,880 2,919 2,903 3,004 3,374
5,426 6,651 5,492 6,260 6,348 8,096 9,429 7,202 8,532 6,846 8,807 4,969 9,391
Financing Profit -1,062 -2,209 -859 -1,466 -1,321 -3,082 -4,410 -2,009 -3,179 -1,139 -2,873 1,191 -2,772
Financing Margin % -13% -27% -10% -17% -16% -38% -55% -25% -39% -13% -32% 13% -28%
4,124 5,210 3,651 3,901 5,236 6,537 7,773 4,529 7,110 5,550 7,960 2,495 7,519
Depreciation 118 112 117 0 0 0 0 0 0 0 0 0 0
Profit before tax 2,945 2,889 2,674 2,435 3,914 3,455 3,364 2,519 3,931 4,411 5,087 3,686 4,747
Tax % 19% 19% 27% 24% 25% 25% 24% 29% 25% 24% 24% 26% 25%
Net Profit 2,407 2,349 1,905 1,853 2,947 2,602 2,589 1,806 2,989 3,403 3,892 2,755 3,608
EPS in Rs 12.60 12.29 9.96 9.36 14.89 13.14 13.07 9.11 15.07 17.15 19.61 13.88 18.17
Gross NPA % 2.17% 2.33% 2.16% 2.67% 2.55% 2.25% 3.22% 3.58% 3.16% 2.75% 2.37% 2.27% 2.09%
Net NPA % 0.82% 0.87% 0.70% 0.89% 0.70% 0.53% 1.23% 1.34% 1.09% 0.87% 0.71% 0.69% 0.60%
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 5,973 8,470 10,838 11,986 13,319 20,402 22,324 25,131 29,831 33,474 32,820 33,740 36,623
Interest 2,668 4,542 6,024 6,312 6,966 11,123 11,458 12,467 15,187 15,901 12,967 11,553 12,201
5,995 5,651 6,603 7,053 9,718 11,541 14,832 16,805 19,758 22,578 29,812 31,069 30,014
Financing Profit -2,690 -1,723 -1,789 -1,379 -3,366 -2,263 -3,965 -4,141 -5,114 -5,005 -9,958 -8,882 -5,592
Financing Margin % -45% -20% -17% -12% -25% -11% -18% -16% -17% -15% -30% -26% -15%
5,090 4,543 5,112 5,282 8,152 7,631 11,660 13,682 16,148 16,892 23,588 25,311 23,524
Depreciation 152 164 179 208 237 345 362 383 458 465 461 480 0
Profit before tax 2,247 2,656 3,144 3,695 4,550 5,024 7,332 9,158 10,576 11,422 13,168 15,948 17,931
Tax % 30% 30% 30% 32% 33% 32% 32% 33% 33% 25% 25% 25%
Net Profit 1,593 1,885 2,238 2,527 3,105 3,524 5,019 6,258 7,204 8,593 9,990 12,089 13,658
EPS in Rs 10.63 12.37 14.66 16.00 19.72 18.86 26.84 32.54 37.74 44.92 50.41 60.91 68.81
Dividend Payout % 2% 2% 2% 2% 2% 3% 2% 2% 2% 0% 2% 2%
Compounded Sales Growth
10 Years: 15%
5 Years: 9%
3 Years: 4%
TTM: 13%
Compounded Profit Growth
10 Years: 21%
5 Years: 20%
3 Years: 19%
TTM: 37%
Stock Price CAGR
10 Years: 19%
5 Years: 13%
3 Years: 6%
1 Year: -2%
Return on Equity
10 Years: 14%
5 Years: 13%
3 Years: 13%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 10,595 12,531 14,876 18,691 21,767 32,443 37,570 49,533 56,825 65,678 83,346 95,642
49,386 65,655 85,561 85,937 104,258 179,679 205,230 249,840 291,263 325,977 326,610 365,235
13,308 13,766 15,024 17,184 22,052 27,764 32,467 37,395 46,128 50,562 67,907 84,629
Total Liabilities 73,657 92,323 115,835 122,197 148,464 240,804 276,188 337,720 395,171 443,173 478,854 546,498
600 615 620 1,264 1,385 1,761 1,759 2,543 2,697 2,675 2,554 2,723
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 26,049 31,658 40,907 38,791 45,589 70,274 68,462 90,977 103,487 111,197 156,946 164,529
47,008 60,049 74,308 82,142 101,490 168,769 205,967 244,201 288,987 329,301 319,355 379,245
Total Assets 73,657 92,323 115,835 122,197 148,464 240,804 276,188 337,720 395,171 443,173 478,854 546,498

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-1,739 -1,192 2,878 9,068 2,302 5,025 13,222 -10,392 1,822 46,619 4,881 8,418
-189 -5,456 -9,035 -1,130 -4,467 -2,353 -5,289 -5,475 -3,323 -13,068 -11,172 -11,018
2,415 7,229 7,099 -5,814 2,426 2,024 6,055 14,679 8,365 -735 -10,072 7,549
Net Cash Flow 487 582 942 2,125 260 4,696 13,989 -1,188 6,864 32,815 -16,363 4,949

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 17% 15% 16% 14% 15% 12% 14% 14% 13% 14% 13% 13%

Shareholding Pattern

Numbers in percentages

19 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
29.96 29.92 26.07 26.05 26.03 26.02 26.00 26.00 25.99 25.98 25.97 25.96
39.75 39.17 42.15 42.23 45.09 44.23 42.77 42.58 42.06 40.86 40.55 40.92
12.38 12.64 15.27 15.26 12.92 13.53 14.62 15.29 15.49 16.60 17.29 19.96
17.92 18.26 16.51 16.46 15.96 16.22 16.61 16.13 16.46 16.56 16.20 13.16

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