Financials Kotak Mahindra Bank Limited

Equities

KOTAKBANK

INE237A01028

Banks

Market Closed - Bombay S.E. 06:28:55 2024-04-26 am EDT 5-day change 1st Jan Change
1,608 INR -2.11% Intraday chart for Kotak Mahindra Bank Limited -10.31% -15.71%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,549,619 2,479,715 3,476,140 3,482,486 3,443,696 3,197,385 - -
Enterprise Value (EV) 1 2,549,619 2,479,715 3,476,140 3,482,486 3,443,696 3,197,385 3,197,385 3,197,385
P/E ratio 52.4 x 42 x 49.9 x 40.8 x 31.6 x 24.9 x 22.6 x 20 x
Yield 0.06% - 0.05% 0.06% 0.09% 0.12% 0.14% 0.16%
Capitalization / Revenue 16.1 x 13.1 x 16.7 x 15 x 12 x 8.99 x 7.9 x 6.84 x
EV / Revenue 16.1 x 13.1 x 16.7 x 15 x 12 x 8.99 x 7.9 x 6.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 5.94 x 5.06 x 5.42 x 4.8 x 4.12 x 3.37 x 2.94 x 2.58 x
Nbr of stocks (in thousands) 1,908,755 1,912,844 1,981,836 1,984,662 1,986,557 1,987,929 - -
Reference price 2 1,336 1,296 1,754 1,755 1,734 1,608 1,608 1,608
Announcement Date 4/30/19 5/13/20 5/3/21 5/4/22 4/29/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 158,630 188,718 207,988 231,723 286,350 355,630 404,527 467,604
EBITDA - - - - - - - -
EBIT 1 83,482 100,208 122,147 120,509 148,480 188,706 211,062 242,689
Operating Margin 52.63% 53.1% 58.73% 52.01% 51.85% 53.06% 52.18% 51.9%
Earnings before Tax (EBT) 1 73,858 78,047 93,030 113,613 143,910 171,672 188,751 213,277
Net income 1 48,653 59,472 69,648 85,727 109,393 128,783 141,444 159,885
Net margin 30.67% 31.51% 33.49% 37% 38.2% 36.21% 34.97% 34.19%
EPS 2 25.48 30.84 35.14 43.01 54.87 64.70 71.06 80.25
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.8000 - 0.9000 1.100 1.500 1.947 2.269 2.619
Announcement Date 4/30/19 5/13/20 5/3/21 5/4/22 4/29/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 53,412 57,923 55,247 58,332 56,980 63,477 59,408 70,536 77,529 82,888 89,170 85,791 88,718 93,239 92,579
EBITDA - - - - - - - - - - - - - - -
EBIT 1 30,833 34,075 31,211 31,202 27,010 33,399 27,833 35,675 38,498 46,474 49,496 45,708 46,102 48,167 -
Operating Margin 57.73% 58.83% 56.49% 53.49% 47.4% 52.62% 46.85% 50.58% 49.66% 56.07% 55.51% 53.28% 51.96% 51.66% -
Earnings before Tax (EBT) 1 24,843 22,281 21,863 26,962 28,327 36,461 27,597 34,305 37,010 44,998 45,853 41,236 42,021 44,073 41,188
Net income 1 18,535 16,824 16,419 20,320 21,314 27,674 20,712 25,807 27,919 34,956 34,523 31,404 31,682 33,389 30,891
Net margin 34.7% 29.04% 29.72% 34.84% 37.41% 43.6% 34.86% 36.59% 36.01% 42.17% 38.72% 36.61% 35.71% 35.81% 33.37%
EPS 2 9.360 8.280 8.280 10.24 10.74 13.74 10.43 12.99 14.06 17.39 17.38 15.85 15.81 16.79 15.55
Dividend per Share 2 - - - - - - - - - - 0.4833 0.4832 0.4920 0.4977 -
Announcement Date 1/25/21 5/3/21 7/26/21 10/26/21 1/28/22 5/4/22 7/23/22 10/22/22 1/21/23 4/29/23 7/22/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 12.1% 12.9% 12.4% 12.6% 14% 14.5% 13.8% 13.7%
ROA (Net income/ Total Assets) 1.69% 1.87% 1.85% 2.13% 2.47% 2.42% 2.28% 2.23%
Assets 1 2,878,893 3,180,310 3,764,778 4,024,737 4,428,866 5,320,665 6,208,272 7,182,475
Book Value Per Share 2 225.0 256.0 324.0 365.0 420.0 478.0 547.0 624.0
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 4/30/19 5/13/20 5/3/21 5/4/22 4/29/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
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