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Kotak Mahindra Bank Limited (KOTAKBANK.NS)

INR378.65 -6.00 (-1.56%)
IN NSE Financial Services Banks - Regional
Address Bandra Kurla Complex 400051
Mumbai, IN
CEO Ashok Valiram Vaswani
Website kotak.com
IPO 2001-07-02
ISIN INE237A01036

Explore sections of this company profile

Also trades on Bombay Stock Exchange · KOTAKBANK.BO (INR) National Stock Exchange of India · KOTAKBANK.NS (INR)
Description

Kotak Mahindra Bank Limited, headquartered in Mumbai, India, and founded in 1985, delivers a comprehensive suite of banking and financial services to both corporate and individual customers throughout India. Its operations also extend to branches in GIFT City and DIFC, Dubai, supported by a substantial network of 1,700 branches and 2,705 ATMs as of March 31, 2022. The bank's diverse activities are organized into distinct segments. The Treasury, BMU, and Corporate Centre oversees money market, foreign exchange, and derivatives trading, manages investments, serves as a primary dealer for government securities, and handles asset-liability management. Retail Banking addresses individual financial needs with personal, home, commercial vehicle, and agricultural loans, in addition to offering savings, current, and term deposit accounts, credit cards, and distributing financial products through its branch infrastructure. For corporate clients, the Corporate/Wholesale Banking segment provides borrowing, lending, and related services. The Vehicle Financing segment specializes in both retail vehicle and wholesale trade financing for automotive dealers. Other Lending Activities encompass financing against securities, securitization, and other loan offerings. Beyond core banking, Kotak Mahindra Bank operates a Broking division, earning income from market transactions and distributing financial products. Its Advisory and Transactional Services segment offers expertise in mergers and acquisitions, alongside managing equity and debt issuances. The Asset Management segment focuses on managing funds and investments for clients, while the Insurance segment provides a range of life and general insurance products.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR378.65 -6.00 (-1.56%)
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Volume Profile
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Liquidity & share structure
Average Volume
18M
Beta
0.29
Float Shares
7.31B
Free Float %
73.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.19% +0.11% +0.52% -11.67% -9.69% -14.47% -12.24% -3.98% +9.52% +159.03% +78,337.50%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
378.65
DCF (Unlevered) 824.28 +117.7%
DCF (Levered) 430.09 +13.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 74% Bullish
Rating 2026-05 Change
Strong Buy 10 +4
Buy 19 0
Hold 8 -1
Sell 1 0
Strong Sell 1 -1
Quality scores
Altman Z-Score
0.59
Distress
Piotroski F-Score
2 / 9
Weak
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
  • Revenue growth
    +3.2% Q1'26: -0.6% (vs Q1'25)
  • EPS growth
    -12.9% Q1'26: +9.9% (vs Q1'25)
  • FCF margin
    Q1'26: -85.0% (vs Q1'25)
  • EBIT margin
    Q1'26: +26.1% (vs Q1'25)
  • ROIC
    Q1'26: +12.4% (vs Q1'25)
  • Share dilution
    +0.1% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA
    Q1'26: 3.20× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.31) × ERP
WACC = 80% × Ke + 20% × Kd (31.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 824.46 Current price: 378.65
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
26 Rev. Ana.
25 EPS Ana.
Mar 2027
30 Rev. Ana.
29 EPS Ana.
Mar 2028
30 Rev. Ana.
29 EPS Ana.
Mar 2029
15 Rev. Ana.
16 EPS Ana.
Mar 2030
21 Rev. Ana.
13 EPS Ana.
Revenue
110.63B
est: 46.63B (+137.2%)
126.94B
est: 37.53B (+238.2%)
156.82B
est: 45.23B (+246.7%)
168.28B
est: 54.64B (+208.0%)
211.34B
est: 60.86B (+247.3%)
274.27B
est: 158.85B (+72.7%)
332.54B
est: 114.87B (+189.5%)
378.04B
est: 134.76B (+180.5%)
449.71B
est: 160.28B (+180.6%)
492.36B
est: 186.45B (+164.1%)
555.81B
est: 208.06B (+167.1%)
575.26B
est: 233.19B (+146.7%)
662.68B
est: 289.33B (+129.0%)
922.37B
est: 354.73B (+160.0%)
1.05T
est: 406.97B (+156.9%)
418.07B
418.07B – 418.07B
+2.7% YoY
476.29B
476.29B – 476.29B
+13.9% YoY
549.57B
549.57B – 549.57B
+15.4% YoY
629.98B
629.98B – 629.98B
+14.6% YoY
712.78B
712.78B – 712.78B
+13.1% YoY
EBITDA
18.41B
est: 22.87B (-19.5%)
28.18B
est: 9.47B (+197.6%)
33.19B
est: 11.41B (+190.9%)
38.81B
est: 13.78B (+181.6%)
47.87B
est: 15.35B (+211.8%)
54.61B
est: 40.07B (+36.3%)
77.64B
est: 28.98B (+167.9%)
95.42B
est: 34.00B (+180.7%)
74.47B
est: 40.43B (+84.2%)
89.44B
est: 47.03B (+90.2%)
102.34B
est: 52.48B (+95.0%)
122.75B
est: 58.82B (+108.7%)
200.70B
est: 72.99B (+175.0%)
244.14B
est: 89.48B (+172.8%)
296.74B
est: 107.04B (+177.2%)
109.96B
109.96B – 109.96B
+2.7% YoY
125.27B
125.27B – 125.27B
+13.9% YoY
144.55B
144.55B – 144.55B
+15.4% YoY
165.70B
165.70B – 165.70B
+14.6% YoY
187.48B
187.48B – 187.48B
+13.1% YoY
EBIT
15.69B
est: 11.46B (+36.9%)
26.91B
est: 18.09B (+48.8%)
31.78B
est: 32.01B (-0.7%)
37.11B
est: 37.60B (-1.3%)
45.90B
est: 43.82B (+4.7%)
51.17B
est: 65.15B (-21.5%)
74.02B
est: 61.00B (+21.3%)
91.58B
est: 83.08B (+10.2%)
71.20B
est: 107.34B (-33.7%)
86.07B
est: 124.43B (-30.8%)
99.03B
est: 123.76B (-20.0%)
119.32B
est: 138.65B (-13.9%)
196.46B
est: 232.95B (-15.7%)
238.63B
est: 335.03B (-28.8%)
289.89B
est: 104.24B (+178.1%)
107.08B
107.08B – 107.08B
+2.7% YoY
121.99B
121.99B – 121.99B
+13.9% YoY
140.76B
140.76B – 140.76B
+15.4% YoY
161.36B
161.36B – 161.36B
+14.6% YoY
182.57B
182.57B – 182.57B
+13.1% YoY
Net Income
15.67B
est: 7.87B (+99.1%)
18.32B
est: 12.61B (+45.3%)
21.88B
est: 22.08B (-0.9%)
24.65B
est: 26.17B (-5.8%)
30.45B
est: 29.23B (+4.2%)
34.59B
est: 45.31B (-23.7%)
49.40B
est: 42.00B (+17.6%)
62.01B
est: 55.98B (+10.8%)
72.04B
est: 72.68B (-0.9%)
85.93B
est: 84.76B (+1.4%)
99.90B
est: 93.12B (+7.3%)
120.89B
est: 104.32B (+15.9%)
149.25B
est: 175.26B (-14.8%)
182.13B
est: 252.06B (-27.7%)
221.26B
est: 151.99B (+45.6%)
138.91B
109.13B – 159.16B
-8.6% YoY
166.95B
166.95B – 166.95B
+20.2% YoY
195.52B
195.52B – 195.52B
+17.1% YoY
227.42B
227.42B – 227.42B
+16.3% YoY
259.63B
259.63B – 259.63B
+14.2% YoY
SGA
3.21B
est: 38.59B (-91.7%)
4.57B
est: 1.14B (+301.8%)
31.45B
est: 1.37B (+2,193.4%)
5.83B
est: 1.66B (+251.8%)
42.87B
est: 1.85B (+2,223.1%)
65.64B
est: 141.85B (-53.7%)
68.48B
est: 3.48B (+1,866.2%)
77.79B
est: 4.09B (+1,803.8%)
86.73B
est: 4.86B (+1,684.7%)
98.41B
est: 5.65B (+1,640.7%)
97.67B
est: 6.31B (+1,448.2%)
107.97B
est: 7.07B (+1,427.0%)
135.47B
est: 8.77B (+1,444.2%)
164.07B
est: 10.76B (+1,425.4%)
187.88B
est: 70.79B (+165.4%)
72.73B
72.73B – 72.73B
+2.7% YoY
82.85B
82.85B – 82.85B
+13.9% YoY
95.60B
95.60B – 95.60B
+15.4% YoY
109.59B
109.59B – 109.59B
+14.6% YoY
123.99B
123.99B – 123.99B
+13.1% YoY
EPS
10.87
est: 10.25 (+6.0%)
2.48
est: 12.11 (-79.5%)
2.94
est: 14.39 (-79.6%)
3.22
est: 15.86 (-79.7%)
3.95
est: 18.65 (-78.8%)
3.78
est: 19.63 (-80.7%)
5.38
est: 26.05 (-79.3%)
32.70
est: 21.58 (+51.5%)
37.61
est: 26.02 (+44.5%)
8.95
est: 32.73 (-72.7%)
50.53
est: 35.34 (+43.0%)
12.15
est: 40.49 (-70.0%)
14.99
est: 52.32 (-71.3%)
18.29
est: 12.90 (+41.7%)
22.26
est: 15.73 (+41.5%)
13.96
10.97 – 16.00
-11.2% YoY
16.78
16.78 – 16.78
+20.2% YoY
19.66
19.66 – 19.66
+17.1% YoY
22.86
22.86 – 22.86
+16.3% YoY
26.10
26.10 – 26.10
+14.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-15 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.51B
OE per share TTM
0.35
Owner's Yield
0.09%
Maintenance CapEx ratio
1.09%
Maint CapEx / Avg PPE
3.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.24M
Shares Outstanding
9.95B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ashok Valiram Vaswani MD, Chief Executive Officer & Director 130M male
Jaideep Hansraj Whole-Time Director 5M male
Nilesh Chaudhari Chief Technology Officer male
Prasanna Kotian Head of Group Corporate Communication male
R. Anantha Raman Chief Compliance Officer male
Rohit Bhasin President of Propositions & Chief Marketing Officer
Rohit Rao Joint President & Group Chief CSR Officer male
Anupam Kaura President & Chief Human Resources Officer male
Somanahalli Honnesh President & Group General Counsel male
Devang Gheewalla Group Chief Financial Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits