Kotak Mahindra Bank (KOTAKBANK)

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Kotak Mahindra Bank (KOTAKBANK) · mywealthgrid

About

Private bank and diversified financial group spanning lending, broking, and asset management in India's financials sector. Market cap ₹3,89,057 Cr; PE 19.11. Listed NSE and BSE.

Founded: 1985
Face value: ₹1

Market cap

₹4,16,112 Cr

P/E

20.4×

P/B

2.3×

Dividend yield

0.8%

ROE

11.5%

ROCE

6.9%

Debt / equity

0.53

OPM

26.7%

EPS (TTM)

₹20.5

Book value

₹182.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

OPM volatility 19–60% recent quarters; verify if seasonal or structural—affects earnings predictability
ROE 11.46% modest; verify if competitive pressure or capital constraints limit returns
1y return -1.82% underperformance; verify if valuation or fundamental risks persist
Institutional concentration (DII 37.71%, FII 25.21%); verify sensitivity to capital flow shifts

Generated analysis · source review pending

Growth drivers

Revenue ₹13.6–₹18.4 Cr recent quarters; verify if growth steady and which segments drive it
Consistent annual dividends (2023–2026) signal cash generation; verify retained earnings fuel expansion
Net profit ₹3.2–₹5.5 Cr quarterly; verify trajectory across lending, broking, asset management
D/E 0.53 leaves capital headroom; verify loan expansion or diversification pursued

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹418.4+3%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 26.7%
+Revenue CAGR of 16.3% over the last 5 years

Cons

−Weak interest coverage of 1.9×
−Low promoter holding of 25.9%

Research score

Structured signal from quality, growth, valuation and momentum.

49/100

Business quality: 37
Growth: 55
Valuation: 56

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
HDFC BankHDFCBANKHDFCBANK	₹11,10,742 Cr	₹16,99,226 Cr	₹3,51,819 Cr	₹1,50,194 Cr	41.6%	₹79,013 Cr	21.8%	7.1%	13.8%	—
ICICI BankICICIBANKICICIBANK	₹9,38,403 Cr	₹11,58,667 Cr	₹1,98,379 Cr	₹49,020 Cr	26.8%	₹56,357 Cr	29.7%	7.2%	15.4%	—
State Bank of IndiaSBINSBIN	₹8,80,692 Cr	₹16,57,994 Cr	₹5,25,951 Cr	₹2,36,906 Cr	45.9%	₹87,755 Cr	16.8%	6.1%	15.1%	—
Bajaj FinanceBAJFINANCEBAJFINANCE	₹5,90,080 Cr	₹10,25,192 Cr	₹86,164 Cr	₹58,574 Cr	68%	₹20,304 Cr	23.6%	—	18.1%	—
Life Insurance Corporation Of IndiaLICILICI	₹4,95,690 Cr	—	₹9,96,996 Cr	₹0 Cr	—	₹60,080 Cr	5.9%	—	37.6%	—
National Stock Exchange of India LtdNSENSE	₹4,30,972 Cr	₹4,35,023 Cr	₹16,601 Cr	—	—	₹10,302 Cr	62.1%	3.3%	33%	—
Kotak Mahindra BankKOTAKBANKKOTAKBANK	₹4,16,112 Cr	₹5,11,505 Cr	₹70,887 Cr	₹16,835 Cr	26.7%	₹20,354 Cr	27.6%	6.9%	11.5%	—
Axis BankAXISBANKAXISBANK	₹3,78,299 Cr	₹6,58,810 Cr	₹1,35,732 Cr	₹81,034 Cr	60.7%	₹27,822 Cr	20%	6.2%	13.2%	—
Bajaj FinservBAJAJFINSVBAJAJFINSV	₹2,77,303 Cr	₹7,05,550 Cr	₹1,57,642 Cr	₹59,568 Cr	37.7%	₹10,144 Cr	13.1%	—	13%	—
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
SBI Life InsuranceSBILIFESBILIFE	₹1,72,160 Cr	—	₹1,20,361 Cr	₹0 Cr	—	₹2,601 Cr	2.2%	—	13.8%	—
ICICI Prudential Asset Management Company LimitedICICIAMCICICIAMC	₹1,52,462 Cr	₹1,52,462 Cr	₹5,765 Cr	₹4,294 Cr	74.5%	₹3,298 Cr	57.2%	—	85.8%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	20,402	22,324	25,131	29,935	33,474	32,820	33,740	42,151	56,237	65,669	69,781
Interest	11,123	11,458	12,467	15,187	15,901	12,967	11,553	14,411	22,567	28,275	29,620
Expenses	10,894	14,245	16,163	20,141	22,977	30,569	30,340	32,747	46,780	48,660	51,187
Financing profit	-1,615	-3,379	-3,499	-5,393	-5,404	-10,716	-8,152	-5,007	-13,111	-11,266	-11,026
Financing margin %	-7.9%	-15.1%	-13.9%	-18%	-16.1%	-32.7%	-24.2%	-11.9%	-23.3%	-17.2%	-15.8%
Other income	7,631	11,660	13,682	15,969	16,826	23,884	25,142	25,830	38,037	37,407	37,782
Depreciation	—	—	—	—	—	—	1,042	1,177	1,063	956	1,132
Profit before tax	—	—	—	10,660	11,408	13,256	16,106	19,791	24,100	29,169	26,100
Tax	—	—	—	3,456	2,815	3,265	4,016	4,866	5,887	7,043	6,812
Tax %	—	—	—	32.4%	24.7%	24.6%	24.9%	24.6%	24.4%	24.2%	26.1%
PAT	3,431	4,949	6,147	7,204	8,593	9,990	12,089	14,925	18,213	22,126	19,288
EPS (₹)	18.9	26.9	32.7	37.8	44.7	50.5	60.8	75	91.5	111.3	19.4
EPS adjusted (₹)	3.7	5.4	6.5	5	5.9	6.8	8.2	10.1	18.6	22.4	19.5
	2.6%	2.2%	2.1%	2.1%	0%	1.8%	1.8%	2%	2.2%	2.2%	3.4%
Gross NPA %	—	—	—	1.9%	2.2%	3.2%	2.4%	1.8%	1.4%	1.5%	1.2%
Net NPA %	—	—	—	0.7%	0.7%	1.2%	0.7%	0.4%	0.4%	0.4%	0.3%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	—	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	917	920	953	1,454	1,457	1,491	1,492	1,493	994	994	995
Reserves	32,443	37,570	49,533	56,825	65,678	83,346	95,642	1,10,761	1,28,898	1,56,401	1,80,118
Deposits	1,35,949	1,55,540	1,91,236	2,24,824	2,60,400	2,78,871	3,10,087	3,61,273	4,45,269	4,94,707	5,66,940
Borrowings	43,730	49,690	58,604	66,439	65,577	47,739	55,148	57,034	75,106	97,622	95,394
Other liabilities	27,764	32,467	37,395	45,628	50,062	67,426	84,129	89,869	1,17,400	1,30,050	1,59,906
Total equity & liabilities	2,40,804	2,76,188	3,37,720	3,95,171	4,43,173	4,78,873	5,46,498	6,20,430	7,67,667	8,79,774	10,03,353
Fixed assets	1,758	1,755	1,750	1,884	1,861	1,740	1,910	2,261	2,563	2,811	2,853
Investments	70,274	68,462	90,977	1,03,487	1,11,197	1,56,946	1,64,529	1,95,338	2,46,446	2,84,255	2,90,633
	1,68,772	2,05,971	2,44,994	2,89,801	3,30,115	3,20,187	3,80,059	4,22,831	5,18,659	5,92,709	7,09,867
Total assets	2,40,804	2,76,188	3,37,720	3,95,171	4,43,173	4,78,873	5,46,498	6,20,430	7,67,667	8,79,774	10,03,353

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,134	14,412	-10,392	1,822	46,619	4,881	8,418	-1,242	15,685	16,916	41,727
	-6,363	-2,972	-5,608	-3,383	-13,199	-11,116	-11,084	-10,550	-9,097	-25,272	-16,519
	-1,464	257	14,679	8,365	-735	-10,072	7,549	1,883	15,656	22,142	-2,538
Net cash flow	-1,693	11,692	-1,188	6,864	32,815	-16,307	4,883	-9,910	22,245	13,786	22,669
Free cash flow	5,885	14,092	-10,818	1,297	46,166	4,513	7,748	-2,229	14,558	15,703	40,669
CFO / Operating profit %	—	—	—	18.6%	444.1%	216.8%	247.5%	-13.2%	165.9%	99.5%	224.4%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Retail Banking	34,434.33	5,653.21	4,99,201.58	4,45,584.36	53,617.22	10.54
Corporate / Wholesale Banking	26,158.79	8,269.11

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	24.1%	25.7%	30.4%	35.8%	35.4%	32.4%	33.7%	27.6%
Return ratios
Return on assets %	1.8%	1.9%	2.1%	2.2%	2.4%	2.4%	2.5%	1.9%
Return on capital employed %	7.9%	7.4%	6.5%	6.3%	6.9%	7.9%	7.6%	6.9%
Return on equity %	12.4%	12.8%	11.8%	12.4%	13.3%	14%	14.1%	10.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Margin, working-capital and leverage ratios are omitted: a bank funds itself with deposits and books interest as its cost of revenue, so they would measure something other than what they name.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	25.93%	25.91%	25.9%	25.89%	25.89%	25.89%	25.88%	25.88%	25.88%	25.87%	25.87%	25.87%
	40.97%	39.74%	37.59%	33.16%	33.4%	32.48%	32.65%	32.34%	29.75%	29.36%	26.4%	25.21%
	20.04%	21.41%	23.43%	27.73%	27.91%	28.79%	29.14%	29.61%	32.01%	32.88%	36.18%	37.71%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	13.06%	12.94%	13.08%	13.22%	12.8%	12.84%	12.33%	12.17%	12.36%	11.89%	11.55%	11.21%
No. of shareholders	—	—	—	—	—	—	—	—	6,91,413	6,79,096	7,81,448	7,84,727

Promoter holding down 0.06 percentage points since Sep 2023.

270 deals · 14 Sept 2021 – 26 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Sept 2025	MORGAN STANLEY ASIA SINGAPORE PTE	Block	NSE	Buy	1,16,911	₹2,013.50	₹23.54 Cr
26 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Sell	1,16,911	₹2,013.50	₹23.54 Cr
12 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	4,72,450	₹1,972.30	₹93.18 Cr
12 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	4,72,450	₹1,972.30	₹93.18 Cr
11 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	5,97,227	₹1,981.00	₹118.31 Cr
11 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	5,97,227	₹1,981.00	₹118.31 Cr
10 Sept 2025	SUMITOMO MITSUI BANKING CORPORATION	Block	NSE	Sell	1,64,00,000	₹1,940.80	₹3,182.91 Cr
10 Sept 2025	SUMITOMO MITSUI BANKING CORPORATION	Bulk	NSE	Sell	1,64,00,000	₹1,940.80	₹3,182.91 Cr
10 Sept 2025	SUMITOMO MITSUI BANKING CORPORATION	Bulk	NSE	Sell	1,58,34,820	₹1,940.80	₹3,073.22 Cr
10 Sept 2025	SUMITOMO MITSUI BANKING CORPORATION	Block	NSE	Sell	1,58,34,820	₹1,940.80	₹3,073.22 Cr

1–10 of 270

1 / 27

Mr. C S RajanNon-Executive - Independent Director-Chairperson
Mr. Ashok VaswaniExecutive Director-CEO-MD
Mr. Jaideep HansrajExecutive Director
Mr. Paritosh KashyapExecutive Director
Mr. Anup Kumar SahaExecutive Director
Mr. Uday KotakNon-Executive - Non Independent Director
Mr. Amit DesaiNon-Executive - Non Independent Director
Mr. Uday ShankarNon-Executive - Independent Director
Ms. Ashu SuyashNon-Executive - Independent Director
Mr. Cornelis Petrus Adrianus Joseph LeenaarsNon-Executive - Independent Director
Ms. Ketaki BhagwatiNon-Executive - Independent Director

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹417.0 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹416.9	+7.7	+1.9%	₹416.9	79,111	+113	12,330	2000
23 Nov 2026	₹419.0	+7.8	+1.9%	₹419.0	6,953	+214	524	2000
29 Dec 2026	₹421.3	+9.2	+2.2%	₹421.3	52	+52	57	2000

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

279

across 24 fund houses

Held by these funds

14.79%

of the company's equity

All mutual funds

24.5%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

279 schemes · 24 fund houses

		Shares
Parag Parikh Flexi Cap Fund	PPFAS Mutual Fund	15.46 Cr	6,484.53	4.4%	1.554%	-0
Nifty 50 ETF	SBI Mutual Fund	14.28 Cr	5,989.42	2.8%	1.436%	+7.51 L
BSE Sensex ETF	SBI Mutual Fund	9.84 Cr	4,115.95	3.37%	0.989%	+9.76 L
Aggressive Hybrid FundNEW	SBI Mutual Fund	7 Cr	2,935.8	3.31%	0.704%	—
Focused Fund	SBI Mutual Fund	7 Cr	2,935.8	5.73%	0.704%	-0
ELSS Tax Saver Fund	SBI Mutual Fund	5.07 Cr	2,125.8	6.7%	0.51%	+50 L
Large Cap Fund	SBI Mutual Fund	4.8 Cr	2,013.12	3.65%	0.483%	+1 Cr
Large Cap Fund	ICICI Prudential Mutual Fund	4.73 Cr	1,983.51	2.47%	0.475%	+2.1 L

1–8 of 279

1 / 35

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2025Transcript AI SummaryPPTREC
May 2025Transcript AI Summary PPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

186 announcementsExport CSV

24 Aug 2026, 7:50 pmCompany Update

Update - Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

22 Aug 2026, 4:12 pmCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating

General PDF

21 Aug 2026, 7:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

20 Aug 2026, 6:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

20 Aug 2026, 3:17 pmCompany Update

Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating

General PDF

19 Aug 2026, 4:22 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

18 Aug 2026, 8:49 pmCompany Update

Update - Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

General PDF

17 Aug 2026, 6:49 pmCompany Update

Grant Of Employee Stock Options

General PDF

Date	Category	Subject	Filing
24 Aug 2026, 7:50 pm	Company Update General	Update - Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
22 Aug 2026, 4:12 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - ESG Rating

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	24.1%	25.7%	30.4%	35.8%	35.4%	32.4%	33.7%	27.6%
Return ratios
Return on assets %	1.8%	1.9%	2.1%	2.2%	2.4%	2.4%	2.5%	1.9%
Return on capital employed %	7.9%	7.4%	6.5%	6.3%	6.9%	7.9%	7.6%	6.9%
Return on equity %	12.4%	12.8%	11.8%	12.4%	13.3%	14%	14.1%	10.6%

27

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	340	₹0.3	5	+4	25
1	0	0	₹49.5	350	₹0.3	53	+17	46
4	0	0	₹49.0	360	₹0.4	235	+89	184
2	0	0	₹36.0	365	₹0.6	86	+42	42
6	0	0	₹35.2	370	₹0.8	512	+1	203
6	0	0	₹34.3	375	₹1.0	202	+4	200
111	+35	110	₹38.2	380	₹1.3	956	+143	586
63	0	0	₹27.0	385	₹1.8	828	-55	313

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Kotak Mahindra Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

3

18

1

2

27

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Advisory and Transactional Services · revenue

Kotak Mahindra Bank

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Futures3

Dividends18

Board meetings1

Stock splits2

Option chain27

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Advisory and Transactional Services · revenue

3

3

18

1

2

27