MarketFriction

Kotak Mahindra Bank Ltd

NSE KOTAKBANK · BSE 500247 · Private Sector Bank
₹418.35 +0.32%
NSE close2026-10-01
52 week range345.50 - 453.20
Market cap₹4,03,875 Cr.
P/E20.2
Nifty 50Nifty 100Nifty 200Nifty 500Nifty BankNifty Private BankNifty Financial Services No price band Delivery 58.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue13,71714,49515,15615,83716,42716,63316,77217,24817,19917,50717,82718,355
Interest5,5365,9856,2126,8057,1397,1707,1577,5277,3337,3847,3767,703
Expenses10,13612,48414,92012,26313,09410,59613,66613,12311,60613,93313,65614,857
Financing Profit-1,955-3,975-5,976-3,231-3,806-1,133-4,051-3,402-1,740-3,811-3,205-4,205
Financing Margin %-14%-27%-39%-20%-23%-7%-24%-20%-10%-22%-18%-23%
Other Income7,8439,58812,75113,04210,4537,31310,4029,4567,70310,34410,64811,714
Depreciation000000000000
Profit before tax5,8885,6146,7759,8116,6476,1806,3516,0535,9636,5337,4437,509
Tax %25%25%23%25%25%25%23%27%25%25%27%27%
Net Profit4,4614,2655,3377,4485,0444,7014,9334,4724,4684,9245,4235,480
EPS in Rs4.494.295.377.495.074.734.964.504.494.955.455.51
Gross NPA %1.69%1.68%1.38%1.39%1.48%1.51%1.45%
Net NPA %0.39%0.36%0.36%0.38%0.45%0.44%0.36%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue20,40222,32425,13129,83133,47432,82033,74042,15156,23765,66969,78170,887
Interest11,12311,45812,46715,18715,90112,96711,55314,41122,56728,27129,62029,795
Expenses11,54114,83216,80519,75822,57829,81231,06933,48547,05248,89454,52454,053
Financing Profit-2,263-3,965-4,141-5,114-5,005-9,958-8,882-5,746-13,382-11,496-14,362-12,961
Financing Margin %-11%-18%-16%-17%-15%-30%-26%-14%-24%-18%-21%-18%
Other Income7,63111,66013,68216,14816,89223,58825,31125,99138,03741,42641,38740,409
Depreciation3453623834584654614805997929411,0320
Profit before tax5,0247,3329,15810,57611,42213,16815,94819,64623,86328,98925,99327,448
Tax %32%32%33%33%25%25%25%25%25%24%26%
Net Profit3,5245,0196,2587,2048,5939,99012,08914,92518,21322,12619,28820,296
EPS in Rs3.775.376.517.558.9810.0812.1815.0318.3222.2619.3920.40
Dividend Payout %3%2%2%2%0%2%2%2%2%2%3%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%16%18%6%
Compounded Profit Growth19%14%9%5%
Stock Price CAGR10%0%5%2%
Return on Equity14%14%14%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital386917920953954957991992993994994995
Reserves21,77032,44737,57249,53556,82765,68083,34895,673110,821128,978156,495180,231
Deposits72,843135,949155,540191,236224,824260,400278,871310,087361,273445,269494,707566,940
Borrowing31,41543,73049,69058,60466,93966,07748,23955,64857,53475,10697,62295,394
Other Liabilities22,04927,76132,46537,39245,62650,05967,40584,09789,809117,321129,995159,793
Total Liabilities148,464240,804276,188337,720395,171443,173478,854546,498620,430767,667879,8141,003,353
Fixed Assets1,3851,7611,7592,5432,6972,6752,5542,7233,0753,5103,7593,801
CWIP000000000000
Investments45,58970,27468,46290,977103,487111,197156,946164,529195,338246,446284,255290,633
Other Assets101,490168,769205,967244,201288,987329,301319,355379,245422,017517,711591,801708,919
Total Assets148,464240,804276,188337,720395,171443,173478,854546,498620,430767,667879,8141,003,353
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2,3025,02513,222-10,3921,82246,6194,8818,418-1,24215,68516,91641,727
Cash from Investing Activity-4,467-2,353-5,289-5,475-3,323-13,068-11,172-11,018-10,381-8,919-25,226-16,159
Cash from Financing Activity2,4262,0246,05514,6798,365-735-10,0727,5491,88315,51522,165-2,538
Net Cash Flow2604,69613,989-1,1886,86432,815-16,3634,949-9,74022,28113,85523,029
Free Cash Flow2,0344,71412,840-10,7581,33146,2064,5817,785-2,20314,59315,76840,690
CFO/OP103%76%205%-89%52%454%270%455%41%236%139%316%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %15%12%14%14%13%14%13%13%14%15%15%11%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters25.92%25.91%25.90%25.89%25.88%25.88%25.88%25.88%25.87%25.87%25.87%25.87%
FIIs40.97%39.74%37.59%33.16%33.39%32.48%32.65%32.34%29.75%29.36%26.40%25.21%
DIIs20.00%21.38%23.40%27.69%27.88%28.79%29.13%29.61%32.02%32.88%36.19%37.71%
Public13.11%12.98%13.11%13.26%12.84%12.83%12.34%12.18%12.35%11.90%11.54%11.20%
No. of Shareholders6,35,2996,34,6986,81,3017,82,6807,39,7557,46,6027,05,6166,90,1256,91,4136,79,0967,81,4487,84,727

Fundamentals

Market Cap₹ 4,03,875 Cr.
Current Price₹ 406
Stock P/E20.2
Book Value₹ 182
ROCE6.98 %
ROE11.4 %
Dividend Yield0.16 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 416,110 Cr
Enterprise valueRs 1,027,162 Cr
P/E (TTM)20.50x
Price to book2.30x
Price to sales5.87x
EV / EBITDA17.63x
EV / EBIT17.94x
EV / sales14.49x
Price to cash flow9.97x
Earnings yield4.88%
Dividend yield0.16%
P/E, 3-year average8.67x
P/B, 3-year average1.01x
P/E, 5-year average7.28x
P/B, 5-year average0.87x
Profitability
Operating margin (excl. other income)21.86%
Operating margin (incl. other income)81.17%
EBITDA margin82.21%
Pre-tax margin38.72%
Net profit margin28.63%
Net margin, latest quarter29.86%
ROE11.39%
ROCE6.98%
ROA2.05%
ROE, 3-year average13.95%
ROCE, 3-year average7.67%
ROA, 3-year average2.45%
ROE, 5-year average13.90%
ROCE, 5-year average7.24%
ROA, 5-year average2.46%
ROIC (approx.)5.33%
Tax rate26.21%
Other income / net worth22.84%
Growth
Sales growth (latest year)6.26%
Profit growth (latest year)-12.83%
Sales CAGR, 3 years18.30%
Sales CAGR, 5 years16.28%
Profit CAGR, 3 years8.92%
Profit CAGR, 5 years14.06%
Sales growth QoQ2.96%
Profit growth QoQ1.06%
Sales growth YoY (latest quarter)6.41%
Profit growth YoY (latest quarter)22.55%
Per share
EPS (TTM)Rs 20.41
EPS (latest year)Rs 19.39
EPS (latest quarter)Rs 5.51
EPS, 3-year averageRs 74.10
EPS, 5-year averageRs 71.67
Book value per shareRs 182.20
Sales per shareRs 71.27
Cash flow per shareRs 41.95
Free cash flow per shareRs 40.91
Dividend per share (latest year)Rs 0.65
Dividend per share, 3-year averageRs 1.72
Dividend per share, 5-year averageRs 1.55
Dividends
Dividend payout3.35%
Dividend payout, 3-year average2.59%
Dividend payout, 5-year average2.32%
Efficiency
Asset turnover0.07x
Fixed asset turnover18.36x
Leverage
Total debtRs 662,334 Cr
Cash and bankRs 51,282 Cr
Net debtRs 611,052 Cr
Debt to equity3.65x
Net debt / EBITDA10.49x
Interest coverage1.92x
Owners' fund to total sources18.06%
Debt to assets66.01%
Cash flow
Cash from Operating Activity (latest year)Rs 41,727 Cr
Cash from Investing Activity (latest year)Rs -16,159 Cr
Cash from Financing Activity (latest year)Rs -2,538 Cr
Net Cash Flow (latest year)Rs 23,029 Cr
Free cash flow (latest year)Rs 40,690 Cr
FCFE (approx.: FCF + change in debt)Rs 110,694 Cr
Cash from ops / profit, 5 years0.94x
Sales to cash flow1.67x
Statement figures
Net sales (TTM)Rs 70,887 Cr
Net sales (latest year)Rs 69,781 Cr
Sales (latest quarter)Rs 18,355 Cr
Operating profit excl. other income (latest year)Rs 15,258 Cr
Operating profit (latest quarter)Rs 3,497 Cr
Other income (TTM)Rs 40,409 Cr
EBITDA (TTM)Rs 58,276 Cr
PBDT (TTM)Rs 28,480 Cr
Profit before tax (TTM)Rs 27,448 Cr
Tax (latest year)Rs 6,812 Cr
Net profit (TTM)Rs 20,296 Cr
Net profit (latest year)Rs 19,288 Cr
Net profit (latest quarter)Rs 5,480 Cr
Depreciation (TTM)Rs 1,032 Cr
Interest (TTM)Rs 29,795 Cr
Cost of goods sold (latest year)Rs 1,914 Cr
Total expenditure (latest year)Rs 54,524 Cr
Total income (latest year)Rs 111,168 Cr
Share capitalRs 995 Cr
ReservesRs 180,231 Cr
Shareholders' fundsRs 181,226 Cr
Total assetsRs 1,003,353 Cr
Net blockRs 3,801 Cr
InvestmentsRs 290,633 Cr
Other liabilitiesRs 159,793 Cr
Shares outstanding (crore)994.65
Ownership
Promoter holding25.87% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 20.5 is at the 18th percentile of its own 9.4-year range (median 33.0, low 16.8, high 53.7).
P/B 2.30 is at the 4th percentile (median 4.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKOTAKBANKNifty 50Difference
1 week+3.3%-2.8% +6.1 pts
1 month-1.6%-6.8% +5.2 pts
3 months+5.4%-7.6% +13.1 pts
6 months+18.4%+0.4% +18.0 pts
1 year+3.9%-9.9% +13.8 pts
2 years+8.1%-13.6% +21.7 pts
3 years+20.5%+14.2% +6.3 pts
5 years+4.9%+27.9% -23.0 pts
547 mutual fund schemes hold about ₹82,619 Cr. Over three months 111 bought more and 157 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Parag Parikh Flexi Cap Fund4.40%6,485 -1%
HDFC Flexi Cap Fund3.27%3,710 -5%
SBI Aggressive Hybrid Fund3.31%2,936 -2%
SBI Focused Fund5.73%2,936 -6%
HDFC Large Cap Fund5.71%2,280 -1%
SBI ELSS Tax Saver Fund6.70%2,126 -1%
SBI Large Cap Fundd3.65%2,013 +28%
ICICI Pru Large Cap Fund2.47%1,984 +51%
HDFC Balanced Advantage Fund1.52%1,634 +3%
HDFC Focused Fund5.74%1,619 +0%
SBI Contra Fund2.87%1,367 +3%
ICICI Pru Multi Asset Allocation Fund1.30%1,144 +4%
Aditya Birla SL Large Cap Fund3.79%1,126 -1%
ICICI Pru Balanced Advantage Fund(M1.44%1,084 -9%
SBI Banking & Financial Services Fund9.82%1,068 -4%
ICICI Pru Banking & Fin Serv Fund9.37%1,061 +31%
ICICI Pru Banking & Fin Serv Fund9.37%1,052 +31%
Nippon India Large Cap Fund1.94%1,049 +12%
ICICI Pru Value Fund1.71%1,030 -10%
Aditya Birla SL Flexi Cap Fund3.37%979 -6%
UTI Nifty 50 Index Fund2.80%826 +1%
Axis Large Cap Fund2.57%806 -20%
Kotak Flexi Cap Fund1.38%776 +0%
ICICI Pru India Opp Fund2.02%775 +1107%
UTI Flexi Cap Fund3.20%773 -10%

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 159% of pre-tax profit in 2026
lookRegulator order or action Regulator order or action 2025-12-31: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-03-28Puneet Kapoor-sell2,000Rs 0.43 CrMarket Sale
2025-03-28Jyotsna Singh-sell30Rs 0.01 CrMarket Sale
2025-03-25Puneet Kapoor-sell1,154Rs 0.25 CrMarket Sale
2025-03-24Bhaskaran V-sell1,000Rs 0.22 CrMarket Sale
2025-03-24Venkattu Srinivasan-sell13,000Rs 2.73 CrMarket Sale
2025-03-22Venkattu Srinivasan-sell10,000Rs 2.06 CrMarket Sale
2025-03-21Bhaskaran V-sell1,000Rs 0.21 CrMarket Sale
2025-03-19Jyotsna Singh-sell400Rs 0.08 CrMarket Sale
2025-03-19Venkattu Srinivasan-sell1,000Rs 0.20 CrMarket Sale
2025-03-18Venkattu Srinivasan-sell10,000Rs 2.10 CrMarket Sale
2025-03-18Jyotsna Singh-sell1,000Rs 0.20 CrMarket Sale
2025-03-17Venkattu Srinivasan-sell6,000Rs 1.19 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Revenue ₹18,355 Cr +6.4% vs Jun 2025. Net profit ₹5,480 Cr +22.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 0.65 Per Share
2026-01-14Face Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share0.2000
2025-07-18Dividend - Rs 2.50 Per Share
2024-07-19Dividend - Rs 2 Per Share
2023-08-04Dividend - Rs 1.50 Per Sh
2022-08-11Dividend - Rs 1.10 Per Share
2021-08-11 Dividend - Rs 0.90 Per Share
2019-07-12 Annual General Meeting/Dividend Rs 0.80 Per Share
2018-07-11 Annual General Meeting/Dividend- Re 0.70 Per Share
2017-07-12 Annual General Meeting/Dividend-Re 0.60 Per Share
2016-07-14 Annual General Meeting/ Divdend - Re 0.50/- Per Share
2015-07-08Bonus 1: 10.5000
2015-06-18Annual General Meeting/Dividend Re 0.90/- Per Share
2014-07-04Annual General Meeting/Dividend Re 0.80/- Per Share
2013-07-04Annual General Meeting/Dividend Re 0.70/- Per Share
2012-07-06Annual General Meeting / Dividend Re 0.60 Per Share
2011-07-12Annual General Meeting And Dividend Re.0.50 Per Share
2010-09-13Face Value Split From Rs.10/- To Rs.5/-0.5000
2010-06-30Annual General Meeting And Dividend Re.0.85 Per Share
2009-07-14Agm/Div-Re.0.75 Per Share
2008-07-14Agm/Dividend - 7.50%
2007-06-22Agm/Dividend-7%
2006-07-07Agm/Dividend-6%
DateTypeWhat it says
2026-10-01General UpdatesUpdate on Appointment of New Managing Director & CEO of the Bank
2026-09-25General UpdatesIntimation of Scheme of Amalgamation of Kotak Mahindra Investments Limited with Kotak Alternate Asset Managers Limited, both, wholly-owned subsidiarie...
2026-09-19ESOPAllotment of 225250 Equity Shares.
2026-09-16Concall / analyst meetSchedule of meet.
2026-09-16Concall / analyst meetSchedule of meet.
2026-09-10ResignationResignation of Director/KMP/SMP
2026-09-10General UpdatesChange in Senior Management Personnel
2026-09-08ESOPGrant of 714080 Options.
2026-08-24General UpdatesGeneral Updates.
2026-08-24General UpdatesGeneral Updates.
2026-08-22General UpdatesESG Rating
2026-08-21Concall / analyst meetSchedule of meet
2026-08-20Credit RatingCredit Rating
2026-08-20General UpdatesESG rating
2026-08-19ESOPAllotment of 285255 Shares.
2026-08-18General UpdatesGeneral Updates
2026-08-17ESOPGrant of 347410 Options.
2026-08-17Investor PresentationInvestor Presentation
2026-08-14Credit Rating- NewCredit Rating.
2026-08-14General UpdatesEstablishment of Euro Medium Term Note Programme.
2026-08-13Concall / analyst meetSchedule of meet
2026-08-12Concall / analyst meetSchedule of meet
2026-08-01Shareholder meetingScrutinizers Report and Voting Results pursuant to Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure ...
2026-08-01Shareholder meetingProceedings of Annual General Meeting held on August 1, 2026
2026-08-01General UpdatesChairman Speech at the Forty-First Annual General Meeting of Kotak Mahindra Bank Limited
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.56
Max pain (expiry 2026-10-27)410
Largest call open interest at410
Largest put open interest at390
Implied volatility, at the money22.9%
Underlying at snapshot418.35
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-296,000
2026-09-28626
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-11NCLTKotak Mahindra Bank Vs Babita Jain (Liquidator of Shri Narshing Dev Sugar Pvt Ltd)
2021-08-09NCLTKotak Mahindra Bank Vs GK Dairy And Milk Products Pvt Ltd
2021-08-04NCLTKotak Mahindra Bank Ltd. Vs Annapurna Malleables Pvt. Ltd.
2021-07-14NCLTKotak Mahindra Bank Vs Babita Jain (Liquidator of Shri Narshing Dev Sugar Pvt Ltd)
2021-06-09NCLTKotak Mahindra Bank Ltd. Vs Annapurna Malleables Pvt. Ltd.
2021-05-28NCLATKotak Mahindra Bank Ltd VS ICIC Bank Ltd & Anr
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03