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Kotak Mahindra Bank Ltd share Price Today

Company details

1,698.00
1,716.00
1,543.85
2,064.40
6M Return -2.31%
1Y Return -12.78%
Mkt Cap.(Cr) 338,672.16
Volume 3,716,141
Div Yield 0.12%
OI
-
OI Chg %
-
Volume 3,716,141

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Another quarter of robust all-round performance…
About The Stock

    Kotak Mahindra Bank (KMB) is a powerful banking franchise, with promoter stake at ~26% and strong promoter led management. It has a presence across the financial services value chain.

    • CASA forms ~53% of total deposits aiding lower costs
    • Superior RoA of ~2+% and RoE of ~14%
Q4FY23

    Robust performance with further improvement in asset quality.

    • Advances up 17.9% YoY to ₹ 3.2 lakh crore, deposits up 16.5% YoY
    • NII growth at 35% YoY, NIMs expand 28 bps QoQ to 5.75%
    • Credit cost at 24 bps. PAT grew 26.3% YoY, 25.2% QoQ at ₹ 3495 crore
    • GNPA declined 12 bps QoQ to 1.8%; net slippages at 0.3% of advances

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Research view on more stocks

Kotak Mahindra Bank  announced Q2FY24 results:

1. Financial performance:
- The Bank's standalone PAT for Q2FY24 stood at Rs 3,191 crore, up 24% YoY.
- Net Interest Income (NII) increased to Rs 6,297 crore, up 23% YoY.
- Fees and services increased to Rs 2,026 crore, up 24% YoY.
- Operating profit for Q2FY24 was Rs 4,610 crore, up 29% YoY.
- Advances increased 21% YoY to Rs 3,57,012 crore.
- Unsecured retail advances as a % of net advances stood at 11.0%.
- CASA ratio stood at 48.3%.
- GNPA was 1.72% & NNPA was 0.37% (as at September 30, 2023).
- Capital Adequacy Ratio was 21.7% and CET I ratio was 20.6%.

2. Customer growth and assets:
- Customers as at September 30, 2023 were 45.8 million.
- Customer Assets increased by 18% YoY to Rs 3,80,412 crore.
- Total assets managed/advised by the Group were Rs 4,98,342 crore.

3. Consolidated results:
- Consolidated PAT for Q2FY24 was Rs 4,461 crore, up 24% YoY.
- Return on Assets (ROA) was 2.68% and Return on Equity (ROE) was 14.99%.
- Consolidated Capital Adequacy Ratio as per Basel III was 22.9% and CET I ratio was 21.9%.
- Consolidated Capital and Reserves & Surplus as at September 30, 2023 was Rs 1,20,737 crore.
- Consolidated Customer Assets grew by 19% YoY to Rs 4,28,404 crore.
 

 

 

Result PDF

View Other Company Results

Kotak Mahindra Bank Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (2)

  • Rising other income, and low operating income
  • Low Piotroski Score : Companies with weak financials

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Decrease in NPA in recent results
  • Decrease in Provision in recent results

Threats (1)

  • Promoter decreasing their shareholding

Resistance and support

R1 1,713.8
R2 1,723.9
R3 1,731.8
Pivot

1,705.88

S1 1,695.8
S2 1,687.9
S3 1,677.8
EMA SMA
1,688.4
1,708.7
1,734.9
1,762.8
1,658.1
1,720.8
1,747.5
1,764.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 1788.6 86115 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 1788.6 86115 BSE
GRANDEUR PEAK GLOBAL TRUST GRANDEUR PEAK INTERNATIONAL STALWARTS FUND Block Purchase 2023-10-20 1738.25 418049 BSE
Name Category Shares
Uday Suresh Kotak PROMOTER 25.71%

OUR RESEARCH VIEW

Investment recommendation
Another quarter of robust all-round performance…
Call Date
08 May 2023
Entry Price 1,937.00
Target Price 2,290.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kotak Mahindra Bank Ltd Stocks COMPARISON

Financials( in Cr) Kotak Mahindra Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 1,703.65 1,530.50 1,126.95 831.15 1,183.40
% Change -0.43 0.18 -0.25 -0.31 -0.30
Mcap Cr 338,672.16 1,162,707.23 791,382.16 741,769.13 365,264.69
Revenue TTM Cr 42,151.06 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 14,780.44 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 18.58 18.15 17.90 10.24 13.84
1 Year Return -12.78 -6.42 18.86 39.69 27.27
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 14.14 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 112,254.09 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 109,317.46 -33,313.91
LAST 6M 173,877.04 36,325.60
LAST 12M 271,641.54 124,224.97
Kotak Mahindra Bank Limited - Updates

May 27, 2024 l NSE Announcement

Kotak Mahindra Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 22, 2024 l NSE Announcement

Date Action Type Ratio
Aug 04, 2023 Dividend 30
Aug 11, 2022 Dividend 22

Kotak Mahindra Bank Ltd Information

Stock PE (TTM)
18.58
Promoter Holding
25.9%
Book Value
653.4083
ROE
14.14%
Description
  • Kotak Mahindra Bank Limited, headquartered in Mumbai, provides financial services and banking products to retail and corporate customers. Set up in 1985, it became the country’s first non-banking finance company to turn into a commercial bank in 2003.

    It is active in the fields of commercial banking, investment banking, stock broking, car finance, asset management, and life insurance. In 2013, the company acquired the business loans portfolio of the Indian arm of Barclays Plc. ING Vysya Bank merged with Kotak Mahindra Bank the next year.

    The bank recorded a 1.43 per cent year-on-year (YoY) increase in consolidated net profit in the second (July–September) quarter of FY22. In this quarter, its net profit was Rs 2,989 crore against Rs 2,947 crore in the year-ago quarter. 

    The bank is listed on the NSE with the ticker KOTAKBANK and on the BSE with the code 500247. On 25 November 2022, it had a market capitalisation of Rs 3,82,943 crore.

    Uday Kotak is the managing director and chief executive officer of the bank, Dipak Gupta is the joint managing director, Prakash Apte is the non-executive chairman and an independent director, Shanti Ekambaram and K.V.S. Manian are whole-time directors, and Jaimin Bhatt is the chief financial officer. Other independent directors are Ashok Gulati, Uday Chander Khanna, Uday Shankar, Farida Khambata, and Ashu Suyash. The non-executive directors are Amit Desai and C. Jayaram.

    In the quarter ending 30 September 2022, the promoters held 25.96% of the bank’s stock, of which Uday Suresh Kotak accounted for 25.73%. Foreign institutional investors held 40.92% and domestic institutional investors held 19.99%. The remaining 13.13% shares are owned by public (non-institutional) investors.

    The share closed at Rs 1,928.40 on 25 November 2022. The 52-week high was Rs 2,048.00, and the 52-week low was Rs 1,631.00. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

27 BKC C-27 G-Block, Bandra Kurla Complex Bandra(E), Mumbai, Maharashtra, 400051

Tel : 91-22-61660001
Email : investor.grievances:kotak.com
Website : http://www.kotak.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500247
NSE Code : KOTAKBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE237A01028

FAQ’s on Kotak Mahindra Bank Ltd Shares

You can buy Kotak Mahindra Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kotak Mahindra Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 28, 2024 03:59 PM the closing price of Kotak Mahindra Bank Ltd was Rs.1,703.65.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 28, 2024 03:59 PM, the market cap of Kotak Mahindra Bank Ltd stood at Rs. 338,672.16.

The latest PE ratio of Kotak Mahindra Bank Ltd as of May 28, 2024 03:59 PM is 18.58

The latest PB ratio of Kotak Mahindra Bank Ltd as of May 28, 2024 03:59 PM is 0.38

The 52-week high of Kotak Mahindra Bank Ltd share price is Rs. 2,064.40 while the 52-week low is Rs. 1,543.85

According to analyst recommendations, Kotak Mahindra Bank Ltd Share has a "Buy" rating for the long term.

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