Is Kotak Mahindra Bank a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kotak Mahindra Bank Ltd is a good quality company .

Is Kotak Mahindra Bank undervalued or overvalued?

The key valuation ratios of Kotak Mahindra Bank Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Kotak Mahindra Bank share price return in the past 10 years?

Kotak Mahindra Bank Ltd share price has appreciated 11.2% annually (CAGR) over the past ten years.

Is Kotak Mahindra Bank a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kotak Mahindra Bank Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Kotak Mahindra Bank Ltd - Stock Valuation and Financial Performance

Name: Kotak Mahindra Bank
Brand: Kotak Mahindra Bank

BSE: 500247 | NSE: KOTAKBANK | Bank - Private | Large Cap

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Kotak Mahindra Bank Share Price

₹1,735.70 9.05 0.52%
as on 21-Nov'24 14:31

10 Year X-Ray of Kotak Mahindra Bank:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Net Interest Income (₹ Cr.)	4,224	6,900	8,126	9,532	11,206	13,500	15,340	16,818	21,552	25,993	27,325
YoY Gr. Rt. %	-	63.4%	17.8%	17.3%	17.6%	20.5%	13.6%	9.6%	28.2%	20.6%	-
Total Income	11,748	18,996	21,176	23,801	28,547	32,302	31,847	33,025	41,334	56,072	60,957
YoY Gr. Rt. %	-	61.7%	11.5%	12.4%	19.9%	13.2%	-1.4%	3.7%	25.2%	35.7%	-
Adj EPS (₹ )	12.1	11.4	18.5	21.4	25.5	30.9	34.9	43	54.9	69.1	84.2
YoY Gr. Rt. %	-	-5.7%	62.7%	15.7%	19%	21.2%	13.2%	23%	27.6%	26%	-
BVPS (₹ )	91.6	130.6	150	196.7	222.1	253.6	319	362.6	417.6	486.1	556.5
YoY Gr. Rt. %	-	42.7%	14.9%	31.1%	12.9%	14.2%	25.8%	13.6%	15.2%	16.4%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	1.9	1.4	1.7	1.7	1.7	1.8	1.9	2.1	2.4	2.5	2.3
To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ
Net NPA to Net Advances (%)	0.9	1.1	1.3	1	0.8	0.7	1.2	0.6	0.4	0.3	0.4
To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ
Capital Adequacy Ratio (%)	-	-	-	-	-	-	-	-	-	-	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Net Interest Income	22.4%	18.3%	19.2%	20.6%
Total Income	19%	14.5%	20.8%	35.7%
Adj EPS	21.4%	22.1%	25.5%	26%
BVPS	20.4%	17%	15.1%	16.4%
Share Price	11.2%	1.7%	-5%	-1.8%

Key Financial Ratios


RATIOS \ YEARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Interest Earned / Total Income	82.73	86.25	83.58	82.97	83.69	83.37	84.28	81.87	82.86	81.68	82.1
Margins	To view Margins Colour Rating Guide click here ⓘ
NIM (%)	4.2	3.8	4	3.8	3.7	3.9	4.2	4.1	4.6	4.5	4.4
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	14.1	11	13.2	12.6	12.2	13.1	12.5	12.7	14.1	15.4	12.9
Liquidity Ratio	To view Liquidity Ratio Colour Rating Guide click here ⓘ
CASA (%)	36.4	38.1	44	50.8	52.5	56.2	60.5	60.7	52.8	45.5	-

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.10%

Total Income has increased 20.75 CAGR in last 3 years

Net Profit has increased 25.54 CAGR in last 3 years

Net NPA to Net Advances has declined versus last 3 years average

Total income growth is good in last 4 quarters

No data to display

Latest Financials - Kotak Mahindra Bank Ltd.

	Standalone	Consolidated
TTM EPS (₹)	84.2	111.1
TTM Sales (₹ Cr.)	50,068	61,915
BVPS (₹.) ⓘ	556.5	740.5
Reserves (₹ Cr.) ⓘ	1,09,652	1,46,220
P/BV ⓘ	3.10	2.33
PE ⓘ	20.52	15.54

From the Market
52 Week Low / High (₹)	1544.15 / 1953.00
All Time Low / High (₹)	0.64 / 2252.45
Market Cap (₹ Cr.)	3,43,286
Equity (₹ Cr.)	994.1
Face Value (₹)	5
Industry PE ⓘ	17.6

Management X-Ray of Kotak Mahindra Bank:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Kotak Mahindra Bank

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Kotak Mahindra Bank

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	11,748	18,996	21,176	23,801	28,547	32,302	31,847	33,025	41,334	56,072
Interest Income	9,720	16,384	17,699	19,748	23,890	26,930	26,840	27,039	34,251	45,799
Other Income ⓘ	2,028	2,612	3,477	4,052	4,657	5,372	5,007	5,986	7,083	10,273
Expenditure	9,882	16,907	17,765	19,716	23,682	26,355	24,882	24,452	30,395	42,290
Interest Expense	5,496	9,484	9,573	10,217	12,684	13,430	11,501	10,221	12,699	19,806
Operating Expenses	3,255	5,472	5,618	6,426	7,515	8,851	8,584	10,753	13,787	16,679
Provisions	1,131	1,951	2,573	3,074	3,483	4,074	4,797	3,478	3,909	5,806
Profit Before Tax	2,833	3,124	5,148	6,218	7,386	7,805	9,303	11,361	14,391	18,014
Taxes	967	1,034	1,737	2,134	2,520	1,857	2,338	2,789	3,452	4,232
Profit After Tax	1,866	2,090	3,411	4,084	4,865	5,947	6,965	8,573	10,939	13,782
Adjusted EPS (₹)	12.08	11.39	18.53	21.43	25.49	30.88	34.94	42.99	54.86	69.13
Dividend Payout Ratio (%)	4%	4%	3%	3%	3%	0%	3%	3%	3%	3%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Share Capital ⓘ	386	917	920	953	1,454	1,457	1,491	1,492	1,493	994
Total Reserves ⓘ	13,755	23,042	26,696	36,529	41,444	47,559	62,236	70,964	81,967	95,646
Minority Interest	0	0	0	0	0	0	0	0	0	0
Deposits	74,860	1,38,643	1,57,426	1,92,643	2,25,880	2,62,821	2,80,100	3,11,684	3,63,096	4,48,954
Borrowings ⓘ	12,150	20,975	21,095	25,154	32,248	37,993	23,651	25,967	23,416	28,368
Other Liabilities	4,861	8,682	8,453	9,654	11,145	10,423	15,992	19,321	19,890	26,396
Total Liabilities ⓘ	1,06,012	1,92,260	2,14,590	2,64,933	3,12,172	3,60,252	3,83,470	4,29,428	4,89,863	6,00,357
Assets
Balance with RBI	3,928	6,903	7,492	8,909	10,878	9,505	12,494	36,026	19,966	36,252
Balance with Banks	2,334	3,976	15,080	10,712	13,798	43,787	27,133	6,898	12,577	16,536
Investments ⓘ	28,659	51,260	45,074	64,562	71,189	75,052	1,05,099	1,00,580	1,21,404	1,55,404
Advances	66,161	1,18,665	1,36,082	1,69,718	2,05,695	2,19,748	2,23,670	2,71,254	3,19,861	3,76,075
Net Block ⓘ	1,207	1,552	1,538	1,527	1,652	1,623	1,535	1,644	1,920	2,155
Other Assets	3,723	9,903	9,324	9,506	8,961	10,537	13,539	13,027	14,135	13,934
Total Assets ⓘ	1,06,012	1,92,260	2,14,590	2,64,933	3,12,172	3,60,252	3,83,470	4,29,428	4,89,863	6,00,357

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4,463	6,134	14,412	-10,275	-3,388	30,159	-5,298	2,161	-8,369	13,901
Cash Flow From Investing Activity ⓘ	-3,454	-6,363	-2,972	-2,515	798	-7,454	-1,769	-1,335	491	2,022
Cash Flow From Financing Activity ⓘ	-727	-1,464	257	9,837	7,633	5,883	-6,586	2,456	-2,542	4,314
Net Cash Flow ⓘ	282	-1,693	11,697	-2,953	5,043	28,588	-13,653	3,282	-10,420	20,237

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational & Financial Ratios
EPS (₹)	24	11	19	21	25	31	35	43	55	69
DPS (₹)	1	1	1	1	1	0	1	1	2	2
BVPS (₹)	183	131	150	197	222	254	319	363	418	486
Margin Ratios
Yield on Advances (%)	14.7	13.8	13.0	11.6	11.6	12.3	12.0	10.0	10.7	12.2
Yield on Investments (%)	8.5	7.2	9.2	6.4	6.9	7.7	6.8	6.7	4.7	5.4
Cost of Liabilities (%)	6.3	5.9	5.4	4.7	4.9	4.5	3.8	3.0	3.3	4.2
NIM (%)	4.2	3.8	4.0	3.8	3.7	3.9	4.2	4.1	4.6	4.5
Interest Spread (%)	8.4	7.9	7.6	7.0	6.7	7.8	8.2	6.9	7.4	8.0
Performance Ratios
ROA (%)	1.9	1.4	1.7	1.7	1.7	1.8	1.9	2.1	2.4	2.5
ROE (%)	14.1	11.0	13.2	12.6	12.2	13.1	12.5	12.7	14.1	15.4
ROCE (%)	14.6	13.3	13.9	13.5	13.2	11.3	12.3	13.2	14.9	16.8
Efficiency Ratios
Cost to Income Ratio (%)	52.1	57.5	48.4	47.3	47.4	46.9	42.2	47.2	48.2	46.0
Operating Costs to Assets (%)	3.1	2.9	2.6	2.4	2.4	2.5	2.2	2.5	2.8	2.8
Valuation Parameters
Price/Book(x)	7.2	5.2	5.8	5.3	6.0	5.1	5.5	4.8	4.2	3.7

Kotak Mahindra Bank Ltd Stock News

Kotak Mahindra Bank Ltd FAQs

What is the share price of Kotak Mahindra Bank?

Company share prices are keep on changing according to the market conditions. The closing price of Kotak Mahindra Bank on 21-Nov-2024 14:31 is ₹1,735.7.

What is the market cap of Kotak Mahindra Bank?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:31 the market cap of Kotak Mahindra Bank stood at ₹3,43,286.4.

What is the P/E ratio of Kotak Mahindra Bank?

The latest P/E ratio of Kotak Mahindra Bank as of 21-Nov-2024 14:31 is 20.52.

What is the P/B ratio of Kotak Mahindra Bank?

The latest P/B ratio of Kotak Mahindra Bank as of 21-Nov-2024 14:31 is 3.10.

What is the 52-week high and low of Kotak Mahindra Bank?

The 52-week high of Kotak Mahindra Bank is ₹1,953 and the 52-week low is ₹1,544.2.

What is the TTM revenue of Kotak Mahindra Bank?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kotak Mahindra Bank is ₹50,068 ( Cr.) .

About Kotak Mahindra Bank Ltd

Established in 1985, the Kotak Mahindra group has been one of India's most reputed financial conglomerates. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking business by the Reserve Bank of India (RBI). This approval created banking history since Kotak Mahindra Finance Ltd. is the first non-banking finance company in India to convert itself in to a bank as Kotak Mahindra Bank Ltd. Today, the bank is one of the fastest growing bank and among the most admired financial institutions in India.

Business area of the company:

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.

Awards

2012-2013

Best Managed Board by Aon Hewitt-Mint Study 2012
Best Bank Award in New Private Sector Bank category by Financial Express
Uday Kotak, Executive Vice President and Managing Director received the Special Award for his contribution in the growth of India's equity markets at India's Best Market Analyst Awards 2012 by Zee Business
New Indian Express Group conferred Uday Kotak with the Runner-up award for Best Banker -Growth and Expansion at The Sunday Standard FINWIZ 2012 Best Bankers' Awards
Among Forbes Asia's 'FAB 50' list in 2012 for the 3rd consecutive year
Rated among the Top 25 Best Employers in India for three consecutive studies conducted since 2007 by Aon Hewit
Recognised among the Top 10 Companies for Leaders to Work, in Asia Pacific, in a study conducted by RBL Group, Aon Hewitt and Fortune in 2011
CFONEXT 100 Awards recognised the following among top 100 professionals to stand out as CFOs in the years to come:
R. Krishnan, Kotak Mahindra Asset Management Company

2013-2014

Uday Kotak - Ernst & Young Entrepreneur of The Year India Award
Best Medium Sized Bank of the Year Award by Businessworld
Best Bank - Emerging Banks by Outlook Money
Ranked among top 5 Best Ranked Companies for Corporate Governance Practices in IR Global Ranking
NSDL (National Securities Depository Limited) award in Best Performer in Account Growth Rate Category 2013, for Demat Accounts
Kotak Junior ad film adjudged Best Banking Ad Worldwide 2013, by Bank Innovation - a leading global blog on banking
EMC Transformers Award 2013 for Innovative implementation of storage technologies in the Bank
Green IT Enterprise Award 2013 by CIO Forum and Schneider Electric for various power saving techniques implemented in Data Center. Kotak Mahindra Bank was amongst the Top 10 in the 'Top 10 Large Enterprises' category

2014-2015

Best Prepaid Card Programme' at Financial Inclusion & Payments System (FIPS) 2014 for Kotak Samruddhi
9th most valuable brand in India in the BrandZ's 50 most valuable Indian brands ranking
Best Local Cash Management Bank in India (6th year in a row) in the Asiamoney Cash Management Poll 2014 (For small and medium enterprises)
Excellence in Security under 'Security in Bank' category at the Data Security Council of India Excellence Awards 2014
Amit Jain (KMBL), Gaurav Sarayan (KMBL) and Prateek Diwan (KMCC) - Among the top 37 talented people in The Economic Times Young Leaders List, selected from across some 20000 executives

2015-2016

Bullion Bank of the Year at the 4th India Bullion and Jewellery Awards 2016 by India Bullion and Jewellers Association (IBJA)
BFSI Digital Innovators Award in the Digital Pioneer category for Kotak Bharat App by Financial Express
Bombay Stock Exchange (BSE) recognised Kotak Mahindra Bank on the occasion of Muhurat Trading as one of the top 3 Performers in Primary Market Segment (Debt Public Issue Bids - Banks) (FY 15-16)
Best Local Cash Management Bank in India in the mid-cap space at Asiamoney Cash Management Poll 2016
Runner-up in the New Private Sector Bank 2014-15 category at FE Best Bank's Awards, awarded in 2017
Kotak Mahindra Bank's Annual Report for FY2015-16 announced as Gold Competition Class Winner at LACP Vision Awards - Winter 2017 session in the Commercial Banks category

2016-2017

Kotak 811 and biometric account opening recognised with an award at IBA's Banking Technology Awards 2018
811 recognised with the Bronze Award in the Mobile App category at the 2017 SMARTIESTM APAC Awards
811 recognised as the Best Corporate Innovation Award at India Fintech Forum 2017
811 named as winner at the 6th Edition of Banking Frontiers' Finnoviti Awards 2018
Kotak Mahindra Bank's Annual Report for FY 2016-17 emerged as winner in Category II – Private Sector Banks by the Institution of Chartered Accountants of Indian (ICAI) at ICAI Awards for Excellence in Financial Reporting 2016-17
NetApp Innovation Award 2018 in the Enterprise Mobility Category

2019-2020

Kotak Mahindra Bank recognised as Best Domestic Bank at the AsiaMoney Best Bank Awards 2019: India
The Tata Mumbai Marathon 2019 Philanthropy Awards Nite recognised:
Kotak Mahindra Bank as the Highest Fund Raising Corporate
KVS Manian, President -Corporate, Institutional and Investment Banking as the TMM Legend
Shanti Ekambaram, President - Consumer Banking as the Change Icon
Manish Kothari, Senior Executive Vice President & Business Head - Corporate Banking as the Change Champion.

Milestones

1985: Kotak Mahindra Finance commences bill discounting business.
1987: Entry into hire and purchase business.
1990: Launch of auto finance division for financing passenger cars.
1991: Investment banking division established.
1995: Launch of KMCC, a joint venture with Goldman Sachs Group for investment banking.
1996: Launch of Kotak Mahindra Primus Ltd. (now Kotak Mahindra Prime Ltd.), a joint venture with Ford Credit.
1998: India’s first gilt fund launched through Kotak Mahindra Asset Management Company (KMAMC).
2001: Launch of Kotak Mahindra old Mutual Life Insurance Ltd. in partnership with old Mutual PLC.
2003: KMFL becomes India’s first non-banking finance company to be converted into a commercial bank.
2004: Kotak Mahindra Group enters alternate asset business with the launch of a private equity fund.
2005: The Kotak Mahindra Group realigns its joint venture with Ford Credit International (FCI). Under the realignment, the group gains complete ownership of Kotak Mahindra Prime (KMP) by acquiring the 40% stake previously held by FCI. At the same time, the group also sells its stake in Ford Credit Kotak Mahindra Ltd. (FCKM) to FCI, thereby giving Ford 100% ownership of the company.
2006: Kotak Mahindra Group buys out Goldman Sach’s equity stack in KMCC and Kotak Securities Ltd.
2008: Opening of bank’s representative office in Dubai.
2009: Launch of pension fund under India's National Pension System (NPS).
2014: Innovative solutions such as Jifi and KayPay launched for digital and social media.
2014: Acquisition of 15% equity stake in Multi Commodity Exchange of India Ltd. (MCX).
2015: RBI approves merger of ING Vysya Bank with Kotak Mahindra Bank effective from April 01, 2015.
2015: Kotak Mahindra General Insurance receives IRDA Approval to commence insurance business.
2016: Acquisition of 10,00,000 equity shares of institutional investor Advisory Services India Ltd.
2016: Acquisition of 9,83,82,022 (19.90%) equity shares of Airtel M Commerce Services Ltd. Co.(AMSL).
2017: Kotak Mahindra Bank acquires BSS Microfinance Private Ltd.
2018: Buyout of 26% old Mutual plc UK (OM) stack in Kotak Mahindra Old Mutual Life Insurance Ltd.
2018: Launch of Kotak Mahindra Debt Fund Ltd.
2019: Kotak Mahindra Bank inks pact with TollPlus.
2019: Kotak Mahindra Bank launches first international branch in Dubai.
2019: InstantPay, one of India's largest inclusive and neo banking platform, has entered into a strategic partnership with Kotak Mahindra Bank’s subsidiary -- Kotak Mahindra Life Insurance Company.
2019: Pine Labs partners with Kotak Mahindra Bank to enable EMIs on Kotak debit cards.
2020: Kotak Mahindra Bank launches ‘ATM on Wheels’ facility in Mumbai.
2020: Kotak Mahindra Bank launches 'ATM on Wheels' facility in Delhi-NCR region.
2020: Kotak Mahindra Bank launches video-based KYC to open account remotely
2020: Kotak Mahindra Bank collaborates with Innoviti Payment Solutions.
2020: Kotak Mahindra Bank launches Cardless Cash Withdrawal Facility through ATMs.
2020: Kotak Mahindra Bank launches Kotak Digi Home Loans.