ICICI Bank vs Kotak Mahindra Bank: share price, P/E, ROE and financials compared
ICICI Bank
Kotak Mahindra Bank
ICICI Bank and Kotak Mahindra Bank at a glance
ICICI Bank and Kotak Mahindra Bank are both listed in Financial Services. ICICI Bank is the larger by market cap, at ₹11.3L Cr against ₹4.8L Cr for Kotak Mahindra Bank (2.4 times as large). On valuation, ICICI Bank has the lower P/E (19.3× against 22.2×), while Kotak Mahindra Bank has the lower price-to-book (2.45× against 2.89×). On returns and margins, ICICI Bank has the higher ROE (16.5% against 11.8%). Over three years, ICICI Bank has faster 3-year profit growth (+16.8% against +8.9% a year). Both are lenders or insurers, so ROCE, operating margin and debt-to-equity aren’t compared: those ratios don’t fit financial balance sheets.
Key metrics, side by side
| Metric | ICICI BankICICIBANK | Kotak Mahindra BankKOTAKBANK |
|---|---|---|
| Price (₹) | 1,571.20 | 480.00 |
| Market cap (₹ Cr) | 11,28,255 | 4,77,498 |
| P/E | 19.3× (the lower figure, shaded) | 22.2× |
| P/B | 2.89× | 2.45× (the lower figure, shaded) |
| Dividend yield, trailing | 0.76% (the higher figure, shaded) | 0.14% |
| ROE | 16.5% (the higher figure, shaded) | 11.8% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 27.8% | 28.7% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +16.8% (the higher figure, shaded) | +8.9% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | 59,066 | 21,473 |
| 1Y return | +12.2% (the higher figure, shaded) | +11.4% |
| Promoter holding | – | – |
ICICI Bank vs Kotak Mahindra Bank: common questions
Which is bigger, ICICI Bank or Kotak Mahindra Bank?
By market cap, ICICI Bank is bigger at ₹11.3L Cr, against ₹4.8L Cr for Kotak Mahindra Bank (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹59,066 Cr for ICICI Bank and ₹21,473 Cr for Kotak Mahindra Bank.
Which has a lower P/E ratio, ICICI Bank or Kotak Mahindra Bank?
ICICI Bank trades at a P/E of 19.3× and Kotak Mahindra Bank at 22.2×. ICICI Bank has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, ICICI Bank or Kotak Mahindra Bank?
ICICI Bank reports a return on equity of 16.5% and Kotak Mahindra Bank 11.8%. ICICI Bank has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, ICICI Bank or Kotak Mahindra Bank?
Over the last three years: profit grew +16.8% a year at ICICI Bank and +8.9% at Kotak Mahindra Bank, so ICICI Bank grew profit faster. Past growth doesn’t predict future growth.