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Kotak Mahindra Bank Ltd share Price

Company details

6M Return 0.01%
1Y Return -2.50%
Mkt Cap.(Cr) 342,028.99
Volume 192,514
Div Yield 0.09%
OI Chg %
Volume 192,514

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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 ~58% of total deposits aiding lower costs
    • Strong RoA of ~2%and RoE of 11-12% makes it a good profitable bank

    Strong business growth; steady operational performance

    • Advances up 28.8% YoY to 2.8 lakh crore, deposits up 10.4% YoY
    • NII growth at 19.2% YoY, NIMs expand 14 bps QoQ to 4.92%
    • Lower credit cost led PAT at ₹ 2071 crore, up 26.1% YoY
    • GNPA declined 10 bps QoQ to 2.24%; Net slippages at 0.2% of advances

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Kotak Mahindra Bank announced Q1FY24 results:

  • Consolidated Q1FY24:
    • PAT for Q1FY24 was Rs 4,150 crore, up 51% YoY from Rs 2,755 crore in Q1FY23
    • Return on Assets (ROA) for Q1FY24 (annualized) was 2.63% (2.04% for Q1FY23).
    • Return on Equity (ROE) for Q1FY24 (annualized) was 14.62% (11.22% for Q1FY23).
    • Capital Adequacy Ratio as per Basel III as at June 30, 2023 was 23.3% and CET I ratio was 22.3% (including unaudited profits).
    • Capital and Reserves & Surplus as at June 30, 2023 was Rs 1,16,500 crore (Rs 1,00,078 crore as at June 30, 2022). The Book Value per Share was Rs 584.
    • Customer Assets which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes grew by 19% YoY from Rs 3,39,606 crore as at June 30, 2022 to Rs 4,05,775 crore as at June 30, 2023.
    • Total assets managed / advised by the Group as at June 30, 2023 were Rs 4,66,878 crore up 23% YoY over Rs 3,78,474 crore as at June 30, 2022. The Alternate Assets’ AUM (includes undrawn commitments, wherever applicable) increased by 90% YoY to Rs 46,443 crore as at June 30, 2023.
  • Standalone Q1FY24:
    • The Bank’s PAT for Q1FY24 stood at Rs 3,452 crore, up 67% YoY from Rs 2,071 crore in Q1FY23.
      Net Interest Income (NII) for Q1FY24 increased to Rs 6,234 crore, from Rs 4,697 crore in Q1FY23, up 33% YoY.
    • Net Interest Margin (NIM) was 5.57% for Q1FY24.
    • Fees and services for Q1FY24 increased to Rs 1,827 crore from Rs 1,528 crore in Q1FY23, up 20% YoY.
    • Operating profit for Q1FY24 was Rs 4,950 crore, up 78% YoY (Q1FY23: Rs 2,783 crore).
    • Customers as at June 30, 2023 were 43.5 million (34.5 million as at June 30, 2022).
    • Advances (incl. IBPC & BRDS) increased 19% YoY to Rs 3,37, 031 crore as at June 30, 2023 from Rs 2,82,665 crore as at June 30, 2022. Customer Assets, which comprises Advances (incl. IBPC & BRDS) and Credit Substitutes, increased by 18% YoY to Rs 3,62,204 crore as at June 30, 2023 from Rs 3,06,123 crore as at June 30, 2022.
    • Unsecured retail advances (incl. Retail Micro Finance) as a % of net advances stood at 10.7% as at June 30, 2023. (7.9% as at June 30, 2022).
    • CASA ratio as at June 30, 2023 stood at 49.0%.
    • Average Current deposits grew to Rs 59,431 crore for Q1FY24 compared to Rs 55,081 crore for Q1FY23 up 8%. Average Savings deposits stood at Rs 1,19,817 crore as at June 30, 2023 (Rs 1,21,521 crore as at June 30, 2022). Average Term deposit up 40% from Rs 1,30,035 crore for Q1FY23 to Rs 1,82,047 crore for Q1FY24.
    • ActivMoney was launched in Q1FY24 and TD sweep balance grew 24% QoQ (non-annualised) to Rs 28,990 crore.
    • As at June 30, 2023, GNPA was 1.77% & NNPA was 0.40% (GNPA was 2.24% & NNPA was 0.62% at June 30, 2022). The provision coverage ratio stood at 78.0%.
    • Capital Adequacy Ratio of the Bank, as at June 30, 2023 was 22.0% and CET I ratio of 20.9% (including
      unaudited profits).



Result PDF

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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Kotak Mahindra Bank Ltd Stocks COMPARISION


Equity Capital: 112,254.09 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 47,117.37 -471.49
LAST 6M 52,173.28 142,982.97
LAST 12M 128,656.49 169,390.95
Kotak Mahindra Bank Limited - Shareholders meeting

Sep 29, 2023 l NSE Announcement

Kotak Mahindra Bank allots 44,338 equity shares under ESOS

Sep 29, 2023 l BSE Announcement

Date Action Type Ratio
Aug 04, 2023 Dividend 30
Aug 11, 2022 Dividend 22
Aug 11, 2021 Dividend 18

Kotak Mahindra Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.greivances:kotak.com
Website : http://www.kotak.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500247
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 Oct 03, 2023 09:19 AM the closing price of Kotak Mahindra Bank Ltd was ₹ 1,721.15.

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 Oct 03, 2023 09:19 AM, the market cap of Kotak Mahindra Bank Ltd stood at ₹ 342,028.99.

The latest PE ratio of Kotak Mahindra Bank Ltd as of Oct 03, 2023 09:19 AM is 21.14

The latest PB ratio of Kotak Mahindra Bank Ltd as of Oct 03, 2023 09:19 AM is 0.32

The 52-week high of Kotak Mahindra Bank Ltd is ₹ 2,064.40 while the 52-week low is ₹ 1,643.50

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

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