Kotak Mahindra Bank (KOTAKBANK) had a P/E of 22.2× on 6 Nov 2026, and the shares are close to their 52-week high. Its ROE of 12% is the second-lowest among the 7 largest Banks (Regional) peers, and net profit grew 8.9% a year over 3 years. For banks and lenders, ROCE and debt-to-equity are not used; it trades at 2.45× book value and its dividend yield is 0.1%. It is a large-cap company with a market cap of ₹4.8 lakh crore, ranked 4th of 41 Banks (Regional) companies by market cap; the shares rose 11% over the past year.
- ₹464.15
- ₹480.00
- ₹463.00
- ₹467.00
- 2.4 Cr
Health check
- ReturnsAhead
+11.4% over a year, better than 5 of 7 peers.
- Price tagPricier
P/B 2.45 vs peer median 1.40.
- GrowthSlow
Profit +8.9% a year over 3 years.
- ProfitabilityAverage
ROE 11.8% vs peer median 14.7%.
- Balance sheetSolid
Return on assets 2.11%. Bad-loan data isn’t covered.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹4.8L Cr
- Large cap
- P/E
- 22.2
- Industry 9.2
- Price to book
- 2.45
- Peers 1.40
- Dividend yield
- 0.14%
- ROE
- 11.8%
- Peers 14.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- ₹21.58
- Face value ₹1
- OPM (TTM)
- 37.8%
- Net margin 28.7%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- +26.2%
- Latest quarter vs a year ago
- Price to sales
- 6.39
Strengths and risks
Strengths
- Quarterly profit up 26.2% on a year ago.
About Kotak Mahindra Bank
Kotak Mahindra Bank Limited provides a range of banking and financial services to corporate and individual customers in India. It operates through Corporate/Wholesale Banking; Retail Banking; Treasury, BMU and Corporate Centre; Vehicle Financing; Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; and Insurance segments. The company offers savings, current, retail institution, corporate, private banking, and salary…
- Headquarters
- Mumbai
- Employees
- 1,12,000
- Sector
- Financial Services
- ISIN
- INE237A01036
- Website
- kotak.bank.in
Price range
- Avg volume (3M)
- 1.8 Cr
- 1-year return
- plus 11.4%
- From 52-week high
- 0.0%
Analyst consensus
Next results expected around 23 Jan 2027
Peers · Banks - Regional
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| HDFCBANKHDFC Bank | 788.25 | plus 3.72% | 12,16,451 | 17.2 | 2.00 | 11.0% | 1.7% | 12.5% | 1.71% | minus 22.9% |
| ICICIBANKICICI Bank | 1,571.20 | plus 4.75% | 11,28,255 | 19.3 | 2.89 | 16.5% | 2.1% | 16.8% | 0.80% | plus 12.2% |
| SBINState Bank of India | 1,018.50 | plus 1.20% | 9,40,138 | 10.4 | 1.40 | 14.7% | 1.2% | 14.4% | 1.72% | plus 5.1% |
| KOTAKBANKKotak Mahindra Bank | 480.00 | plus 2.78% | 4,77,498 | 22.2 | 2.45 | 11.8% | 2.1% | 8.9% | 0.14% | plus 11.4% |
| AXISBANKAxis Bank | 1,322.90 | plus 3.35% | 4,11,985 | 13.8 | 1.78 | 13.9% | 1.6% | 34.6% | 0.08% | plus 4.4% |
| PNBPunjab National Bank | 126.55 | plus 0.36% | 1,45,443 | 6.4 | 0.90 | 15.1% | 1.1% | 76.4% | 2.38% | plus 2.3% |
| UNIONBANKUnion Bank of India | 187.00 | minus 0.53% | 1,42,748 | 6.5 | 1.00 | 16.3% | 1.4% | 31.7% | 2.66% | plus 24.1% |
| BANKBARODABank of Baroda | 250.31 | plus 0.26% | 1,29,444 | 6.5 | 0.74 | 11.9% | 1.0% | 10.0% | 3.40% | minus 13.3% |
| Median of 7 peers | – | 1.20% | 4,11,985 | 10.4 | 1.40 | 14.7% | 1.4% | 16.8% | 1.72% | 4.4% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | 13,737 | 14,732 | 15,386 | 15,503 | 15,923 | |
| 7,527 | – | 7,384 | 7,376 | 7,703 | 8,681 | |
| – | – | – | 368 | – | – | |
| 6,053 | – | 6,533 | 7,443 | 7,509 | 7,530 | |
| 26.8% | – | 24.9% | 27.4% | 26.9% | 25.2% | |
| 4,472 | – | 4,924 | 5,423 | 5,480 | 5,645 | |
| – | 4.49 | 4.95 | 5.45 | 5.51 | 5.67 |
Profit & loss
- Profit CAGR 3Y
- +8.9%
- EPS CAGR 3Y
- +9.0%
- ROE
- 11.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45,022 | 61,838 | 67,523 | 66,919 | |
| – | +37.3% | +9.2% | minus 0.9% | |
| 14,411 | 22,567 | 28,271 | 29,620 | |
| 599 | 792 | 941 | 1,032 | |
| 10.8 | 7.1 | 45.8 | −1.8 | |
| 19,646 | 23,863 | 28,989 | 25,993 | |
| 24.8% | 24.7% | 24.3% | 26.2% | |
| 14,925 | 18,213 | 22,126 | 19,288 | |
| – | +22.0% | +21.5% | minus 12.8% | |
| 14.99 | 18.29 | 22.26 | 19.39 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,493 | 994 | 994 | 995 | |
| 1,10,321 | 1,28,978 | 1,56,495 | 1,80,231 | |
| 52,334 | 75,106 | 86,751 | 95,394 | |
| 4,56,281 | 5,62,590 | 6,35,534 | 7,26,733 | |
| 6,20,430 | 7,67,667 | 8,79,774 | 10,03,353 | |
| 2,261 | 2,563 | 2,811 | 2,853 | |
| 1,95,338 | 2,49,104 | 2,91,856 | 3,09,672 | |
| 47,470 | 68,460 | 81,113 | 1,03,483 | |
| 3,75,361 | 4,47,540 | 5,03,995 | 5,87,345 | |
| 6,20,430 | 7,67,667 | 8,79,774 | 10,03,353 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −1,242 | 15,685 | 16,916 | 41,727 | |
| −10,550 | −9,097 | −25,272 | −16,519 | |
| 1,883 | 15,515 | 22,165 | −2,538 | |
| −9,910 | 22,245 | 13,809 | 22,669 | |
| −987 | −1,127 | −1,213 | −1,058 | |
| −2,229 | 14,558 | 15,703 | 40,669 | |
| −259 | −337 | −398 | −497 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 47.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.