Kotak Mahindra Bank Limited (IN:KOTAKBANK)
:KOTAKBANK
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Kotak Mahindra Bank Limited
(KOTAKBANK)
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Rating:68Neutral
Price Target:
₹408.00
▲(8.87% Upside)
Action:N/ADate:02/19/26
The score is primarily supported by strong financial performance (profitability and balance-sheet strength), but it is tempered by cash-flow volatility. Technical indicators are neutral-to-slightly weak (negative MACD, mixed moving-average positioning), and valuation is only average with a low dividend yield offering limited support.
Positive Factors
Sustained high profitability and margins
Consistently strong margins indicate a durable operating franchise able to generate cash from core banking activities. High profitability supports reinvestment in distribution, cushions credit losses, and underpins long-term return on equity even through business cycles.
Negative Factors
Volatile cash generation
Inconsistent cash conversion undermines predictability of internal funding for loans, dividends and capital expenditure. Historical FCF swings increase reliance on external funding in stress periods and weaken confidence in recurring cash availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained high profitability and margins
Consistently strong margins indicate a durable operating franchise able to generate cash from core banking activities. High profitability supports reinvestment in distribution, cushions credit losses, and underpins long-term return on equity even through business cycles.
Read all positive factors
Kotak Mahindra Bank Limited (KOTAKBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.73T
Dividend YieldN/A
Average Volume (3M)169.67K
Price to Earnings (P/E)22.2
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees116,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.50
Shares Outstanding9,946,465,000
10 Day Avg. Volume199,413
30 Day Avg. Volume169,667
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)2.71
Price to Sales (P/S)4.08
P/FCF Ratio27.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹490.00Price Target Upside30.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)17.24
Revenue Forecast (FY)₹499.76B
Kotak Mahindra Bank Limited Business Overview & Revenue Model
Company Description
Kotak Mahindra Bank Limited, provides banking and financial services to corporate and individual customers in India. It operates through Treasury, BMU, and Corporate Centre; Retail Banking; Corporate/Wholesale Banking; Vehicle Financing; Other Len...
How the Company Makes Money
Kotak Mahindra Bank primarily earns money through a combination of net interest income and fee-based (non-interest) income, supplemented by treasury/markets income.
1) Net interest income (core lending spread): The bank raises funds mainly throug...
Kotak Mahindra Bank Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.04T | 1.05T | 922.37B | 662.68B | 575.26B | 555.81B |
| Gross Profit | 574.41B | 762.85B | 696.70B | 518.57B | 459.72B | 426.14B |
| EBITDA | 245.47B | 296.74B | 244.14B | 200.70B | 122.75B | 102.34B |
| Net Income | 185.74B | 221.26B | 182.13B | 149.25B | 120.89B | 99.90B |
Balance Sheet | ||||||
| Total Assets | 9.13T | 8.80T | 7.68T | 6.20T | 5.46T | 4.79T |
| Cash, Cash Equivalents and Short-Term Investments | 639.21B | 790.62B | 652.06B | 248.42B | 526.65B | 477.17B |
| Total Debt | 827.00B | 976.22B | 751.06B | 598.85B | 551.60B | 477.39B |
| Total Liabilities | 7.45T | 7.22T | 6.38T | 5.08T | 4.49T | 3.94T |
| Stockholders Equity | 1.68T | 1.57T | 1.30T | 1.12T | 971.65B | 848.39B |
Cash Flow | ||||||
| Free Cash Flow | -241.91B | 157.03B | 145.58B | -22.29B | 77.48B | 45.13B |
| Operating Cash Flow | -236.73B | 169.16B | 156.85B | -12.42B | 84.18B | 48.81B |
| Investing Cash Flow | -60.31B | -252.72B | -90.97B | -105.50B | -110.84B | -111.16B |
| Financing Cash Flow | 144.39B | 221.65B | 995.11B | 18.83B | 75.49B | -100.72B |
Kotak Mahindra Bank Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ₹9.85T | 10.63 | ― | 1.64% | 8.90% | 11.93% | |
81 Outperform | ₹1.43T | 7.03 | ― | 2.86% | 4.40% | -3.84% | |
76 Outperform | ₹4.10T | 14.05 | ― | 0.08% | 6.08% | -7.26% | |
68 Neutral | ₹3.73T | 22.23 | ― | ― | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ₹634.89B | 131.74 | ― | 1.95% | -7.44% | -109.30% | |
61 Neutral | ₹561.52B | 38.44 | ― | 0.29% | 14.45% | -41.85% |
* Financial Sector Average
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Kotak Mahindra Bank Limited
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Kotak Mahindra Bank Limited Corporate Events
Kotak Mahindra Bank Confirms Timely Interest Payment on 8.25% NCDs
Mar 30, 2026
Kotak Mahindra Bank has confirmed that it has duly paid the annual interest on its 8.25% senior unsecured redeemable long-term non-convertible debentures with ISIN INE237A08940. The payment, amounting to Rs 12.375 crore on an issue size of Rs 150 ...
Kotak Mahindra Bank Says Alleged Panchkula FD Fraud Not Material to Its Operations
Mar 30, 2026
Kotak Mahindra Bank has responded to a stock exchange query regarding a media report alleging a Rs 160-crore fixed deposit fraud linked to the Municipal Corporation of Panchkula. The bank told the BSE and NSE that the matter, as reported, does not...
Kotak Mahindra Bank to Absorb KMIL Operations in Regulatory-Driven Restructuring
Mar 24, 2026
Kotak Mahindra Bank will internalise the business activities of its wholly owned subsidiary Kotak Mahindra Investments Limited from April 1, 2026, in line with Reserve Bank of India directions and a broader push for group simplification and operat...
Kotak Mahindra Bank Completes Exit from Associate Infina Finance
Mar 24, 2026
Kotak Mahindra Bank has completed the sale of its stake in Infina Finance Private Limited, which was held through its wholly owned subsidiary, Kotak Mahindra Capital Company Limited. With the completion of this transaction on March 24, 2026, Infin...
Kotak Mahindra Bank Updates Key Personnel for Market Disclosure Oversight
Mar 21, 2026
Kotak Mahindra Bank has updated its list of key managerial personnel authorised to assess the materiality of events and information and to make regulatory disclosures to stock exchanges under SEBI’s listing regulations. The bank has clarifie...
Kotak Mahindra Bank to Shed Associate Status in Infina with Rs 12,939 Crore Stake Sale
Mar 21, 2026
Kotak Mahindra Capital Company Limited, a wholly owned subsidiary of Kotak Mahindra Bank, has signed definitive agreements to sell a significant portion of its stake in associate company Infina Finance Private Limited for a total consideration of ...
Kotak Mahindra Bank Gets Shareholder Nod for New Executive Director and Debt Issuance Plan
Mar 4, 2026
Kotak Mahindra Bank has announced that shareholders have approved two key resolutions through a remote e-voting postal ballot process, overseen by an independent scrutinizer. The results, now published on the bank’s and NSDL’s websites...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.