Kotak Mahindra Bank Ltd

NSE: KOTAKBANK BSE: 500247Banking

Kotak Mahindra Bank is a diversified financial services group providing a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance and General Insurance.[1]

₹390

52W: ₹345 — ₹453

PE 27.7 · Book ₹136 · +187% vs book

Market Cap₹3,88,409 Cr

Stock P/E27.7Price to Earnings

ROCE6.28%Return on Capital

ROE11.1%Return on Equity

Div. Yield0.13%Face Value ₹1

Strengths

+Company's working capital requirements have reduced from 173 days to 119 days

Weaknesses

−Stock is trading at 2.88 times its book value
−Company has low interest coverage ratio.
−Company has a low return on equity of 13.7% over last 3 years.
−Contingent liabilities of Rs.11,59,878 Cr.
−Company might be capitalizing the interest cost
−Earnings include an other income of Rs.11,623 Cr.
−Dividend payout has been low at 3.51% of profits over last 3 years

Shareholding Pattern

Promoters25.87%

FIIs26.4%

DIIs36.19%

Public11.54%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	25.89%	25.88%▼0.0	25.88%	25.88%	25.88%	25.87%▼0.0	25.87%	25.87%
FIIs	33.16%	33.39%▲0.2	32.48%▼0.9	32.65%▲0.2	32.34%▼0.3	29.75%▼2.6	29.36%▼0.4	26.4%▼3.0
DIIs	27.69%	27.88%▲0.2	28.79%▲0.9	29.13%▲0.3	29.61%▲0.5	32.02%▲2.4	32.88%▲0.9	36.19%▲3.3
Public	13.26%	12.84%▼0.4	12.83%▼0.0	12.34%▼0.5	12.18%▼0.2	12.35%▲0.2	11.9%▼0.4	11.54%▼0.4

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0	0	0	0	0	0	0	0	0	0
Expenses	4,863	4,690	5,096	5,265	5,432	5,903	5,983	5,579	5,832	5,653
Operating Profit	0	0	0	0	0	0	0	0	0	0
OPM %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	3,005	4,133	6,250	3,344	3,305	3,552	3,282	3,253	3,446	4,027
EPS ₹	3.02	4.16	6.29	3.36	3.32	3.57	3.3	3.27	3.47	4.05

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 36.19% (+16.62pp change). FIIs: 26.4% (-15.14pp change). Promoters hold 25.87%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 27.7x with 6.28% ROCE. Price is 187% above book value of ₹136. Dividend yield: 0.13%.