State Bank of India vs Kotak Mahindra Bank: share price, P/E, ROE and financials compared
State Bank of India
Kotak Mahindra Bank
State Bank of India and Kotak Mahindra Bank at a glance
State Bank of India and Kotak Mahindra Bank are both listed in Financial Services. State Bank of India is the larger by market cap, at ₹9.4L Cr against ₹4.8L Cr for Kotak Mahindra Bank (2.0 times as large). On valuation, State Bank of India has the lower P/E (10.4× against 22.2×) and the lower price-to-book (1.40× against 2.45×). On returns and margins, State Bank of India has the higher ROE (14.7% against 11.8%). Over three years, State Bank of India has faster 3-year profit growth (+14.4% 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 | State Bank of IndiaSBIN | Kotak Mahindra BankKOTAKBANK |
|---|---|---|
| Price (₹) | 1,018.50 | 480.00 |
| Market cap (₹ Cr) | 9,40,138 | 4,77,498 |
| P/E | 10.4× (the lower figure, shaded) | 22.2× |
| P/B | 1.40× (the lower figure, shaded) | 2.45× |
| Dividend yield, trailing | 1.70% (the higher figure, shaded) | 0.14% |
| ROE | 14.7% (the higher figure, shaded) | 11.8% |
| ROCE | n/m | n/m |
| Operating margin (OPM) | n/m | n/m |
| Net margin (NPM) | 23.0% | 28.7% (the higher figure, shaded) |
| Sales CAGR 3Y | n/m | n/m |
| Profit CAGR 3Y | +14.4% (the higher figure, shaded) | +8.9% |
| Debt to equity | n/m | n/m |
| Interest cover | n/m | n/m |
| Net profit TTM (₹ Cr) | – | 21,473 |
| 1Y return | +5.1% | +11.4% (the higher figure, shaded) |
| Promoter holding | – | 25.87% |
State Bank of India vs Kotak Mahindra Bank: common questions
Which is bigger, State Bank of India or Kotak Mahindra Bank?
By market cap, State Bank of India is bigger at ₹9.4L Cr, against ₹4.8L Cr for Kotak Mahindra Bank (prices as of 6 Nov 2026).
Which has a lower P/E ratio, State Bank of India or Kotak Mahindra Bank?
State Bank of India trades at a P/E of 10.4× and Kotak Mahindra Bank at 22.2×. State Bank of India 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, State Bank of India or Kotak Mahindra Bank?
State Bank of India reports a return on equity of 14.7% and Kotak Mahindra Bank 11.8%. State Bank of India has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, State Bank of India or Kotak Mahindra Bank?
Over the last three years: profit grew +14.4% a year at State Bank of India and +8.9% at Kotak Mahindra Bank, so State Bank of India grew profit faster. Past growth doesn’t predict future growth.