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Kotak Mahindra Bank Ltd (KOTAKBANK)

₹1843.550.58%

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Kotak Mahindra Bank to announce Q1FY25 results this week, CEO aims to use technology to drive business growth

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 37 analysts

BUY

63.89%

Buy

22.22%

Hold

13.89%

Sell

Based on 37 analysts offering long term price targets for Kotak Mahindra Bank Ltd. An average target of ₹1889.89

Source: S&P Global Market Intelligence

Kotak Mahindra Bank Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,826.65
    ₹1,857.9
  • 52 Week's Low

    52 Week's High

    ₹1,543.85
    ₹1,987.75
1 Month Return+ 6.6 %
3 Month Return+ 1.93 %
1 Year Return-3.38 %
Previous Close₹1,832.85
Open₹1,839.00
Volume59.10L
Upper Circuit-
Lower Circuit-
Market Cap₹3,64,361.65Cr

Key Statistics

P/E Ratio20.04
PEG Ratio1.21
Market Cap₹3,64,361.65 Cr
P/B Ratio4.15
EPS37.3

Mutual Fund Holdings

Funds HoldingsPrev. 6M
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option4.27%
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth2.58%
SBI Bluechip Fund Direct GrowthSBI Bluechip Fund Direct Growth3.37%
SBI Flexicap Fund Direct GrowthSBI Flexicap Fund Direct Growth6.12%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth3.31%

Company Information

Kotak Mahindra Bank Ltd is an Indian private sector banking and financial services company headquartered in Mumbai, Maharashtra. Incorporated in 1985, it is the fourth largest bank in India by market capitalization as of April 2020.

The bank offers a wide range of banking and financial services, including retail banking, corporate banking, investment banking, wealth management, private banking, credit cards, and stock broking. Its range of products includes savings accounts, current accounts, fixed deposits, mutual funds, loan products, and debit/credit cards.

The bank has several popular brands, such as 811, Kotak Cards, Kotak Mahindra Prime, and Kotak Wealth Management. 811 is a digital savings account that offers customers a host of features such as zero balance savings, instant transfers, and exclusive offers. Kotak Cards offer customers a range of credit cards with attractive rewards and cashback benefits. Kotak Mahindra Prime is a premium car financing service and Kotak Wealth Management offers customers a range of wealth management services.

Share Price: ₹1843.55 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,64,361.65Cr as of today
Revenue: ₹27,907.33Cr as on March 2024 (Q1 24)
Net Profit: ₹5,337.20Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Chandra Shekhar Rajan
OrganisationKotak Mahindra Bank Ltd
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - Invalid Date

    06:46 AM

    -

    Newly appointed CEO Ashok Vaswani says technology will be at the centre of Kotak Mahindra Bank's efforts to transform and scale.

    07:00 AM

    -

    CEO Ashok Vaswani aims to use technology to drive business growth, ahead of Q1FY25 earnings report this week.

    10:59 AM

    -

    Kotak Mahindra Bank set to announce Q1 results for quarter ended June 31, 2024.

Key events for Kotak Mahindra Bank Ltd

  • Kotak Mahindra Bank Aims to Use Technology for Growth - 15 Jul, 2024

    Kotak Mahindra Bank's newly appointed CEO, Ashok Vaswani, plans to leverage technology to transform and scale the bank. The bank is set to release its Q1FY25 earnings report this week.

  • Kotak Mahindra Bank Aims to Leverage Technology for Growth - 14 Jul, 2024

    Kotak Mahindra Bank's new CEO, Ashok Vaswani, has emphasised the bank's dedication to enhancing its technology investments and resources in response to changing customer expectations and the fast-paced business environment. The annual report also revealed Vaswani's pay cheque of Rs 1.61 crore for Q4 FY24.

  • Kotak Mahindra Bank Plans Technology Transformation Amidst Regulatory Order - 13 Jul, 2024

    Kotak Mahindra Bank is accelerating its technology strategy to meet regulatory data cybersecurity standards after RBI's order to cease new customer onboarding and credit card issuance. Shares will trade ex-dividend from July 15.

  • Working Group May Increase Transaction Charges for Kotak Mahindra Bank Ltd - 11 Jul, 2024

    Analysts suggest that accessibility and high probability of losses are key issues with complex products. The working group may consider increasing transaction charges to deter retail participation in the case of Kotak Mahindra Bank Ltd.

  • Kotak Mahindra Bank Receives Buy Rating from Nomura Ahead of Q1 Results - 10 Jul, 2024

    Kotak Mahindra Bank receives a buy rating from Nomura with a target price of Rs 2,000 ahead of Q1FY25 results. The bank also takes the top position in India's investment banking fee ranking. Prabhudas Lilladher expects a decline in net profit but an increase in NII.

  • Kotak Mahindra Bank Investigates Links to Hindenburg Report - 08 Jul, 2024

    Kotak Mahindra Bank is under investigation for aiding Kingdon Capital with a Foreign Portfolio Investor licence and whether the declarations were misleading. The bank will explore legal options after receiving a show-cause notice from SEBI regarding links to Hindenburg Research's report on Adani Group.

  • Kotak Mahindra Bank Subsidiary Charged by SEBI - 07 Jul, 2024

    The Securities and Exchange Board of India (SEBI) has charged Kotak Mahindra Bank subsidiary, KMIL, for allegedly facilitating Hindenburg's short-selling strategy against Adani Enterprises Ltd. The bank stated that Kingdon never disclosed any relationship with Hindenburg or acted on price-sensitive information provided by them.

  • SEBI Issues Show Cause Notices to Kotak Mahindra Bank and Others - 05 Jul, 2024

    SEBI has issued show cause notices to Kotak Mahindra Bank, its arm Kotak Mahindra International Ltd., and other entities for alleged violations under various sub-sections of Section 12A of SEBI Act and Prevention of Fraudulent and Unfair Trade Practices Regulations. The violations are categorised as Scheduled offences under the Prevention of Money Laundering Act, 2002.

  • SEBI Investigates Allegations of Price Manipulation and Fraud Against Gautam Adani - 04 Jul, 2024

    The Securities and Exchange Board of India (SEBI) is investigating allegations of price manipulation and accounting fraud against Gautam Adani, the chairman of Adani Group. The investigation has revealed a connection between last year's $150 billion meltdown in the conglomerate's stocks and billionaire Mumbai financier Uday Kotak. Kotak Mahindra Bank denies any relationship with Hindenburg or acting on the basis of any price-sensitive information. SEBI has sent show-cause notices to Mark Kingdon, Nathan Anderson, and Kotak's Mauritius subsidiary for violating its regulations.

  • Kotak Mahindra Bank Under Scrutiny Over Short Selling Allegations - 03 Jul, 2024

    Kotak Mahindra Bank is facing a SEBI show cause notice over allegations of short selling Adani Group shares. The bank denies knowledge of Hindenburg's involvement and claims trades were carried out on the advice of investor Kingdon. Chats between Kotak executives have revealed further details about the offshore fund structure used for short selling.

  • Kotak Mahindra Bank Faces Accusations Over Offshore Fund Structure - 02 Jul, 2024

    Hindenburg Research has accused Kotak Mahindra Bank of creating an offshore fund structure used to bet against Adani stocks. The bank clarified that Adani transactions were made on behalf of investor Kingdon, while Shriram Subramanian of InGovern Research Services stated that there is nothing wrong with it as long as proper KYC has been done. Kotak Mahindra Bank's shares fell by up to 2%.

  • BofA Securities Rates Top Four Private Lenders as Buy - 01 Jul, 2024

    BofA Securities has given a buy rating to HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank citing strong earnings momentum and attractive valuations. Analysts project that the four major private banks will continue to outperform through Q1FY25 with stable outlook.

  • Kotak Mahindra Bank Added to Top Banking Picks by Nomura India - 27 Jun, 2024

    Nomura India has added Kotak Mahindra Bank to its top banking picks and set a target price of ₹2,000. Sandip Sabharwal notes the bank is decently placed and a good bet for contrarian investors.

  • Kotak Mahindra Bank Among Top Picks for Nomura India; Zurich Enters Indian Market - 25 Jun, 2024

    Foreign brokerage Nomura India has added Kotak Mahindra Bank to its top banking picks and set a target price of Rs 2,000. Meanwhile, Zurich Insurance Group AG completed its acquisition of a 70% stake in Kotak General Insurance Company, making it the first foreign insurer to enter India since investment limits were eased.

  • Kotak Mahindra Bank to Open 175-200 Branches in FY2024-25 - 24 Jun, 2024

    Kotak Mahindra Bank plans to open 175-200 new branches in the financial year 2024-25, despite being barred from sourcing new customers digitally. The bank has invested in fortifying its IT systems and digital payment security controls.

  • Foreign Investors Hold on to Kotak Mahindra Bank Shares - 21 Jun, 2024

    Analysts at Emkay Financial Services found that foreign investors are holding on to shares of Kotak Mahindra Bank and other banks such as ICICI Bank and IndusInd Bank, despite regulatory slaps, uncertainty over top management, and deposit struggles. The negatives are already priced in.

  • Macquarie Upgrades Kotak Mahindra Bank Stock Ratings - 20 Jun, 2024

    Macquarie has upgraded the ratings of Kotak Mahindra Bank stock to outperform from neutral and raised its target price to Rs 2,025. The brokerage also upgraded SBI Life's rating to outperform.

  • Zurich Acquires Majority Stake in Kotak General Insurance - 19 Jun, 2024

    Zurich Insurance has acquired a 70% stake in Kotak General Insurance for Rs 5,560 crore, marking the largest foreign investment in India's general insurance market. Kotak Mahindra Bank now holds a 30% stake. The bank led gains among Bank Nifty constituents as banking stocks rallied up to 1-2%.

  • Kotak Mahindra Bank Plans Expansion Despite Regulatory Hurdles - 17 Jun, 2024

    Despite a recent cease-and-desist order from the RBI, Kotak Mahindra Bank plans to expand its brick-and-mortar presence by opening 170-200 new branches and focusing on unsecured loans. Nilesh Shah, MD of Kotak Mahindra Asset Management Company, shares his insights on market trends.

Insights on Kotak Mahindra Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 20.72K Cr → 27.90K Cr (in ₹), with an average increase of 9.4% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 12.82% to 16.52% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 4.26K Cr → 5.33K Cr (in ₹), with an average increase of 20.1% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 13.07% to 13.22% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 99.1% return, outperforming this stock by 94.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 43.0% return, outperforming this stock by 46.4%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 25.90% to 25.89% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 35.94% to 31.51% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, KOTAKBANK stock has moved down by -3.4%

Kotak Mahindra Bank Ltd Infographics

Top 5 Indian Banks Financial Performance

How did the top 5 Indian banks perform in Oct-Dec’23?

  • How did the top 5 Indian banks perform in Oct-Dec’23?
  • HDFC Bank had the highest quarterly profit growth!
  • SBI's deposits outshine, more than double that of HDFC’s
  • SBI has the highest loan book amongst all banks
  • PE and share price performance

News

Tech centre of our efforts to transform, scale: Kotak Mahindra Bank MD, CEO

Vaswani highlighted that the most important stakeholder in the bank are customers

14 Jul, 2024 10:47 PM

Kotak Mahindra Bank CEO’s massive paycheck REVEALED; Uday Kotak’s salary is JUST...

His salary included a basic of Rs 1.23 crore, allowances of Rs 20.42 lakhs, PF of Rs 16.83 lakhs and Rs 1 lakh under the “other” head for the quarter., Companie... Read more

14 Jul, 2024 11:39 PM

Kotak Mahindra Bank's New Chief Ashok Vaswani Pledges Digital Transformation Amid RBI Tech Ban - Share Price India News

Kotak Mahindra Bank's New Chief Ashok Vaswani Pledges Digital Transformation Amid RBI Tech Ban, Facing an RBI ban on tech-related issues, Kotak Mahindra

15 Jul, 2024 08:26 AM
View More

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹27,907.33Cr
↑15.88%
Net Income
₹5,337.20Cr
↑25.15%
Net Profit Margin
19.12%
↑7.96%
2023Y/Y Change
Revenue
₹68,142.03Cr
↑16.12%
Net Income
₹14,925.01Cr
↑23.46%
Net Profit Margin
21.90%
↑6.31%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹4,90,075.04Cr
↑14.07%
Total Liabilities
₹4,90,075.04Cr
↑14.07%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹8,369.18Cr
↓487.22%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
25.89%
-0.03
Foreign Institutions
31.51%
-12.33
Mutual Funds
16.52%
28.87
Retail Investors
13.22%
1.14
Others
12.86%
4.82

Key Indicators

Kotak Mahindra Bank Ltd Valuation

Kotak Mahindra Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (16.91x)

May 3, 2024

Industry (17.94x)

July 12, 2024

Today (20.04x)

July 12, 2024

Highest (44.36x)

July 16, 2018

LowHigh

Earnings and Dividends

  • Kotak Mahindra Bank Ltd Earnings Results

    Kotak Mahindra Bank Ltd’s net profit jumped 16.88% since last year same period to ₹5,337.20Cr in the Q4 2023-2024. On a quarterly growth basis, Kotak Mahindra Bank Ltd has generated 25.15% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Kotak Mahindra Bank Ltd Dividends May,2024

    In the quarter ending March 2024, Kotak Mahindra Bank Ltd has declared dividend of ₹2 - translating a dividend yield of 0.11%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Kotak Mahindra Bank Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Kotak Mahindra Bank Ltd (KOTAKBANK) share price today is ₹1843.55

Kotak Mahindra Bank Ltd is listed on NSE

Kotak Mahindra Bank Ltd is listed on BSE

  • Today’s highest price of Kotak Mahindra Bank Ltd is ₹1857.9.
  • Today’s lowest price of Kotak Mahindra Bank Ltd is ₹1826.65.

PE Ratio of Kotak Mahindra Bank Ltd is 20.04

PE ratio = Kotak Mahindra Bank Ltd Market price per share / Kotak Mahindra Bank Ltd Earnings per share

Today’s traded volume of Kotak Mahindra Bank Ltd(KOTAKBANK) is 59.10L.

Today’s market capitalisation of Kotak Mahindra Bank Ltd(KOTAKBANK) is ₹364361.65Cr.

Kotak Mahindra Bank Ltd(KOTAKBANKPrice
52 Week High
₹1987.75
52 Week Low
₹1543.85

Kotak Mahindra Bank Ltd(KOTAKBANK) share price is ₹1843.55. It is down -7.25% from its 52 Week High price of ₹1987.75

Kotak Mahindra Bank Ltd(KOTAKBANK) share price is ₹1843.55. It is up 19.41% from its 52 Week Low price of ₹1543.85

Kotak Mahindra Bank Ltd(KOTAKBANKReturns
1 Day Returns
10.7%
1 Month Returns
6.6%
3 Month Returns
1.93%
1 Year Returns
-3.38%