āagman

Not investment advice. Data and computed figures, for information only.

Kotak Mahindra Bank Ltd

NSE: KOTAKBANKF&O
₹447.40
−₹0.55 (−0.12%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,38,702 Cr
CMP
₹447.40
52-wk High / Low
₹2,266 / 346
P/E
21.9
P/B
2.4
Book Value
₹182.0
Div Yield
0.15%
ROCE
7.0%
ROE
11.0%
Face Value
₹1
D/E
3.65

Price−79.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹282
√(22.5 × EPS × book value per share)
Cash flow to profit
2.16
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
10.6%
ROE × earnings retention ratio
ROE stability
1.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.19DII +1.52
Latest quarter vs the previous one
Cash-accrual divergence
−2.4%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 7.0% trails the sector median of 9.4%
−Borrowings are up 118.1% since FY2016 (43730 to 95394)
−Price trades below its 200-day moving average (0.9x)
−Price is 80.3% below its 52-week high
−Annualised volatility of 163.3% is in the high band (≥45%)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales12,86913,71714,49515,15615,83716,42716,63316,77217,24817,19917,50717,82718,355
Expenses10,30310,13612,48414,92012,26313,09410,59613,66613,12311,60613,93313,65614,857
Operating Profit—————————————
OPM %—————————————
Other Income7,8557,8439,58812,75113,04210,4537,31310,4029,4567,70310,34410,64811,714
Interest4,8345,5365,9856,2126,8057,1397,1707,1577,5277,3337,3847,3767,703
Depreciation0000000000000
Profit before tax5,5865,8885,6146,7759,8116,6476,1806,3516,0535,9636,5337,4437,509
Net Profit4,1504,4614,2655,3377,4485,0444,7014,9334,4724,4684,9245,4235,480
EPS (₹)4.184.494.295.377.495.074.734.964.504.494.955.455.51

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales13,31920,40222,32425,13129,83133,47432,82033,74042,15156,23765,66969,78170,887
Expenses9,71811,54114,83216,80519,75822,57829,81231,06933,48547,05248,89454,52454,053
Operating Profit—————————————
OPM %—————————————
Other Income8,1527,63111,66013,68216,14816,89223,58825,31125,99138,03741,42641,38740,409
Interest6,96611,12311,45812,46715,18715,90112,96711,55314,41122,56728,27129,62029,795
Depreciation2373453623834584654614805997929411,0320
Profit before tax4,5505,0247,3329,15810,57611,42213,16815,94819,64623,86328,98925,99327,448
Net Profit3,1053,5245,0196,2587,2048,5939,99012,08914,92518,21322,12619,28820,296
EPS (₹)3.943.775.376.517.558.9810.0812.1815.0318.3222.2619.3920.40

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital386917920953954957991992993994994995—
Reserves21,77032,44737,57249,53556,82765,68083,34895,6731,10,8211,28,9781,56,4951,80,231—
Other Liabilities22,04927,76132,46537,39245,62650,05967,40584,09789,8091,17,3211,29,9951,59,793—
Total Liabilities1,48,4642,40,8042,76,1883,37,7203,95,1714,43,1734,78,8545,46,4986,20,4307,67,6678,79,81410,03,353—
Fixed Assets1,3851,7611,7592,5432,6972,6752,5542,7233,0753,5103,7593,801—
CWIP000000000000—
Investments45,58970,27468,46290,9771,03,4871,11,1971,56,9461,64,5291,95,3382,46,4462,84,2552,90,633—
Other Assets1,01,4901,68,7692,05,9672,44,2012,88,9873,29,3013,19,3553,79,2454,22,0175,17,7115,91,8017,08,919—
Total Assets1,48,4642,40,8042,76,1883,37,7203,95,1714,43,1734,78,8545,46,4986,20,4307,67,6678,79,81410,03,353—
Deposits72,8431,35,9491,55,5401,91,2362,24,8242,60,4002,78,8713,10,0873,61,2734,45,2694,94,7075,66,940—
Borrowing31,41543,73049,69058,60466,93966,07748,23955,64857,53475,10697,62295,394—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9,0682,3025,02513,222−10,3921,82246,6194,8818,418−1,24215,68516,91641,727
Cash from Investing Activity−1,130−4,467−2,353−5,289−5,475−3,323−13,068−11,172−11,018−10,381−8,919−25,226−16,159
Cash from Financing Activity−5,8142,4262,0246,05514,6798,365−735−10,0727,5491,88315,51522,165−2,538
Net Cash Flow2,1252604,69613,989−1,1886,86432,815−16,3634,949−9,74022,28113,85523,029

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %————————————7.0
ROE %14.015.012.014.014.013.014.013.013.014.015.015.011.0
EPS (₹)3.203.943.775.376.517.558.9810.0812.1815.0318.3222.2619.39
Book Value (₹)————————————182.0
Face Value (₹)————————————1
P/E————————————21.9
Div Yield %————————————0.15
NPM %—14.512.614.816.115.717.117.720.521.919.320.717.4
OPM %—————————————
D/E—4.715.395.334.955.054.903.883.783.754.003.763.65
P/B————————————2.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+13.0%
5 years+16.0%
3 years+18.0%
TTM+6.0%
Compounded profit growth
10 years+19.0%
5 years+14.0%
3 years+9.0%
TTM+5.0%
Stock price CAGR
10 years+11.0%
5 years+2.0%
3 years+8.0%
Last year+3.0%
Return on equity
10 years14.0%
5 years14.0%
3 years14.0%
Last year11.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters32.08%32.08%30.04%29.99%29.92%26.02%25.98%25.95%25.90%25.88%25.87%25.87%
FIIs38.56%38.56%39.56%40.27%39.17%44.23%40.86%39.42%37.59%32.65%26.40%25.21%
DIIs7.85%7.85%8.98%11.51%12.64%13.53%16.60%21.31%23.40%29.13%36.19%37.71%
Government————————————
Public21.51%21.51%21.42%18.23%18.26%16.22%16.56%13.30%13.11%12.34%11.54%11.20%
No. of shareholders1,60,3261,60,3261,66,0142,35,5423,34,2754,23,2395,79,8215,82,7336,81,3017,05,6167,81,4487,84,727
Change since Jun 2023 (pp)
Promoters −6.21FIIs −13.35DIIs +29.86Public −10.31

Documents

As of 11 Oct 2026
Announcements
Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026Intimation Under Regulation 30 Of The SEBI LODR, Regulations 2015.Update On Appointment Of New Managing Director & CEO Of The BankIntimation Of Scheme Of Amalgamation Of Kotak Mahindra Investments Limited With Kotak Alternate Asset Managers Limited, Both, Wholly-Owned Subsidiaries Of The BankAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026PPTJan 2026RecordingJan 2026TranscriptJan 2026PPT

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 0.65 Per Share—
14 Jan 2026SPLITFace Value Split (Sub-Division) - From Rs 5/- Per Share To Re 1/- Per Share5 : 1
18 Jul 2025DIVIDENDDividend - Rs 2.50 Per Share—
19 Jul 2024DIVIDENDDividend - Rs 2 Per Share—
4 Aug 2023DIVIDENDDividend - Rs 1.50 Per Sh—
11 Aug 2022DIVIDENDDividend - Rs 1.10 Per Share—
11 Aug 2021DIVIDEND Dividend - Rs 0.90 Per Share—
12 Jul 2019DIVIDEND Annual General Meeting/Dividend Rs 0.80 Per Share—
11 Jul 2018DIVIDEND Annual General Meeting/Dividend- Re 0.70 Per Share—
12 Jul 2017DIVIDEND Annual General Meeting/Dividend-Re 0.60 Per Share—
8 Jul 2015BONUSBonus 1: 1—
18 Jun 2015DIVIDENDAnnual General Meeting/Dividend Re 0.90/- Per Share—
4 Jul 2014DIVIDENDAnnual General Meeting/Dividend Re 0.80/- Per Share—
4 Jul 2013DIVIDENDAnnual General Meeting/Dividend Re 0.70/- Per Share—
6 Jul 2012DIVIDENDAnnual General Meeting / Dividend Re 0.60 Per Share—
12 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
13 Sep 2010SPLITFace Value Split From Rs.10/- To Rs.5/-10 : 5
30 Jun 2010DIVIDENDAnnual General Meeting And Dividend Re.0.85 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman