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Kotak Mahindra Bank Ltd Fully Paid Ord. Shrs
NSE: KOTAKBANK BSE: 500247 INE237A01036 Financial Services Bank 🔎 Screen
NIFTY 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY Bank Fin. Services
₹75,039 Cr
Market Cap
0.42
P/B
4.67%
NIM
11.2%
ROE
1.20%
GNPA
Fin. Margin
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

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.

✓ Strengths

No strengths data yet.

! Concerns 6
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.7% over last 3 years.
  • Contingent liabilities of Rs.11,75,810 Cr.
  • Earnings include an other income of Rs.38,150 Cr.
  • Dividend payout has been low at 2.59% of profits over last 3 years
  • Working capital days have increased from 108 days to 153 days
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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Solid beat: PAT up 13% YoY driven by lower provisions and fee growth, but NIM compression and asset management weakness temper the result. quarter Investor Presentation One-Pager? Mar 2026
Revenue
₹10,992 Cr
+5% YoY (Net Total Income)
EBITDA Margin
53.3%
Operating Profit/Net Total Income; +100bps YoY
PAT
₹4,027 Cr
+13% YoY (standalone)
NIM
4.67%
down 30bps YoY
What Went Right
  • Fee income grew 6% YoY to ₹2,767 Cr, led by general banking fees up 9% YoY.
  • Credit cost improved to 0.39% (annualised) from 0.64% YoY, aided by lower fresh slippages of ₹1,018 Cr vs ₹1,488 Cr.
  • Cost-to-income ratio improved to 46.7% from 47.7% YoY, reflecting operating leverage.
  • CASA ratio rose to 43.3% from 43.0% YoY, with current account deposits growing 18% YoY.
  • Consolidated customer assets grew 14% YoY to ₹616,219 Cr, driven by home loans (+18%) and corporate banking (+22%).
What to Watch
  • NIM compressed 30bps YoY to 4.67% as asset yields declined faster than cost of funds (cost of funds fell 64bps but NIM fell only 30bps, implying yield erosion).
  • Other income fell 2% YoY, with 'others' category dropping 45% to ₹297 Cr and trading income remaining low at ₹52 Cr.
  • Asset management PAT plunged 51% YoY to ₹258 Cr (ex-infina), driven by lower investment income and margin pressure in AMC and alternate assets.
  • Microfinance subsidiary BSS Sonata posted a loss of ₹9 Cr in Q4, continuing stress in the rural microcredit portfolio.
  • Credit card book shrank 8% YoY to ₹12,294 Cr, indicating competitive pressures or portfolio tightening.
Investor Lens
Kotak Mahindra Bank delivered a solid Q4 with 13% PAT growth, underpinned by lower provisions and steady fee income. However, NIM compression remains a structural headwind as asset yields lag deposit repricing. The diversified conglomerate model provides earnings buffers, but asset management and capital market revenues are under pressure from market conditions. Credit quality improved, though microfinance losses and a shrinking credit card book warrant caution. With CET1 at 21.3% and strong deposit growth, the bank is well-capitalized. Next quarter, focus on NIM stabilization, fee recovery in capital markets, and credit cost trajectory—particularly in unsecured retail and microfinance.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Net profit up 9.9% YoY, but financing margin turns negative and declines.
Revenue
Revenue grew 6.3% YoY to ₹17,827 Cr, aided by ₹10,648 Cr in other income. Interest income stood at ₹7,376 Cr. QoQ growth was modest at 1.8%.
Profitability
Net profit rose 9.9% YoY and 10.1% QoQ to ₹5,423 Cr, with EPS of ₹5.45 (vs ₹4.96 a year ago). PBT was ₹7,443 Cr and tax rate at 27%.
Margins
Financing margin turned negative at -18%, worsening from -24% YoY and -22% QoQ. This indicates significant NIM compression and pressure from rising costs or lower yields.
Cash Flow
Skip — not applicable for banking/financial companies
Balance Sheet
Total assets crossed ₹10,03,353 Cr, with reserves at ₹1,80,118 Cr. The balance sheet remains well-capitalized, though specific capital adequacy ratios are not disclosed.
Key Risks
Sustained NIM compression as margins turn negative; asset quality deterioration amid rising interest rates; and regulatory changes impacting fee-based income.
Outlook
Profit growth has been resilient, but the worsening margin trend needs close monitoring. Loan growth and cost control will be critical to reversing margin compression.
Generated by AI · Mar 2026 results · Not investment advice
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Revenue by Segment

Segment Q3FY26 Q4FY26 Trend
Advisory and Transactional Services
288
367
Asset Management
936
732
Broking
1,204
1,294
Corporate / Wholesale Banking
6,207
6,985
Insurance
7,170
7,299
Other Lending Activities
574
585
Retail Banking
8,890
8,550
Treasury, BMU and Corporate Centre
3,356
3,194
Vehicle Financing
1,118
1,070
Total 29,744 30,075

Source: NSE Integrated Filing XBRL (Reg. 33 Ind AS). Values in ₹ Crore.

🏦 Banking KPIs

NIM, GNPA, CASA, CAR, ROA, ROE and more — extracted from investor presentations
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📊 Analysis Methodology

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