KOTAKBANK · NSE · Private Sector Bank
Kotak Mahindra Bank Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear
low confidence
No valuation within 120 days; P/E 21.6 vs peers 17.3 (7th of 10); P/B 2.6 vs peers 1.1 (10th of 10).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is Kotak Mahindra Bank's share price today?
Kotak Mahindra Bank last traded at ₹443.40 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.5% on the day, up 2.5% over a year. Its 52-week range is ₹346 to ₹453. The live price is in the app.
₹443.40
+0.5% today
+2.5% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range91% of the way up
Low ₹346High ₹453
What is Kotak Mahindra Bank's market cap?
Kotak Mahindra Bank's market capitalisation is about ₹4.39 lakh crore: what it would cost to buy every share at today's price. That makes it the 10th largest large cap company we cover.
₹4.4 L Cr
Large Cap10th largest large cap company
Share price₹443.40
×
Shares in issue989 crore
=
Market cap₹4.4 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: KOTAKBANK
- ISIN
- INE237A01036
- Cap bucket
- Large Cap, 10th largest by market cap
- Industry (NSE)
- Financial Services › Banks › Private Sector Bank
- Listed since
- 1995
- Futures and options
- Traded
Is Kotak Mahindra Bank overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 21.6 vs peers 17.3 (7th of 10); P/B 2.6 vs peers 1.1 (10th of 10).
Valuation
Latest price and trailing 12 months
P/E
21.61
vs peers 17.3 · 7th of 10
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
2.60
vs peers 1.1 · 10th of 10
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹4.39 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
0.2%
vs peers 0.4% · 7th of 8
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
18.93
vs peers 6.9 · 7th of 8
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
2.44
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Kotak Mahindra Bank a quality business?
Quality score 74.1, 2nd of 10 in its peer set; CLEAN on 21 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
74.1
vs peers 50 · 2nd of 10
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
21 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: standalone accounts, FY2026 (Mar-26) against FY2025; NSE/BSE XBRL, the Q4 results filing; NIM is interest earned less expended over average advances and investments; cost to income is operating expenses over net interest income plus other income; credit cost is FY2026 provisions over average advances; ROA over average total assets; ROE over average equity; GNPA, NNPA, provision coverage, CET1 from the Jun-26 quarter filing
Net interest margin
4.7%
vs peers 3.8% · 2nd of 10
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
1.2%
vs peers 1.4% · 2nd of 10
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
0.3%
vs peers 0.4% · 4th of 10
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
77.8%
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
0.8%
vs peers 0.8% · 5th of 10
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
47.0%
vs peers 52.3% · 4th of 10
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
1.9%
vs peers 1.1% · 3rd of 10
Profit as a share of average total assets. Learn more →
CET1 ratio
22.4%
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
16.2%
vs peers 15.8% · 4th of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
14.7%
vs peers 12.1% · 3rd of 10
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Kotak Mahindra Bank made money for shareholders?
Yes: +2.5% over one year and +0.8% a year over five years.
Shareholder returns
5-year return
+0.8% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+6.0%1M
+7.6%3M
+14.7%6M
+18.6%1Y
+2.5%3Y
+6.2%5Y
+0.8%Does Kotak Mahindra Bank pay a dividend?
Yes. Kotak Mahindra Bank's dividend yield is 0.18% at the latest price; the last payout was ₹0.65 a share, ex-dividend 17 Jul 2026.
Dividends
Per share, by ex-dividend date
Dividend yield0.18%
The past 12 months' dividends as a share of today's price.
17 Jul 2026 · Final₹0.65
18 Jul 2025 · Final₹0.50
19 Jul 2024 · Final₹0.40
4 Aug 2023 · Final₹0.30
11 Aug 2022 · Final₹0.22
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Kotak Mahindra Bank growing?
Loan growth 16.2%; deposit growth 14.7%; revenue 3 years 17.7% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
16.2%
vs peers 15.8% · 4th of 10
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
14.7%
vs peers 12.1% · 3rd of 10
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
17.7% a year
vs peers 15.3% · 5th of 10
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
8.9% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
13.5% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
13.6% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Kotak Mahindra Bank do last quarter?
Kotak Mahindra Bank reported income of ₹30,069 Cr, up 3.8% on a year earlier and a net profit of ₹5,480 Cr, down 12.8% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹30,069 Cr
+3.8% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹5,480 Cr
−12.8% on a year earlier
What was left for shareholders after every cost and tax.
How does Kotak Mahindra Bank compare with its peers?
Compared with 9 Private Sector Bank; 7th of 10 on P/E; 2nd of 10 on quality score.
Compared with 9 Private Sector Bank
9 companies
- Kotak Mahindra Bank Ltd (this page)
- HDFC Bank Ltd
- ICICI Bank Ltd
- Axis Bank Ltd
- IDBI Bank Ltd
- Federal Bank Ltd
- IDFC First Bank Ltd
- IndusInd Bank Ltd
- RBL Bank Ltd
- Yes Bank Ltd
Kotak Mahindra Bank against its peers
Largest 9 of 9 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Kotak Mahindra Bank Ltd₹4.4 L Cr21.62.611.1%+2.5%
Peer median—17.31.111.4%+5.8%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Kotak Mahindra Bank?
Kotak Mahindra Bank is held by promoters 25.9%, foreign institutions 25.2%, domestic institutions 37.7%.
Shareholding pattern
Latest filing, percent of shares
Promoters25.9%
The founders and controlling group.
Foreign institutions25.2%
Overseas funds investing through the FPI route.
Domestic institutions37.7%
Indian insurers, banks, pension and mutual funds together.
Mutual funds24.5%
Indian mutual fund schemes; part of domestic institutions.
Retail and others4.4%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Kotak Mahindra Bank?
37 analysts cover Kotak Mahindra Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
37 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Kotak Mahindra Bank do and what is it sensitive to?
Kotak Mahindra Bank Limited is a diversified financial services conglomerate operating in Banking, Capital Markets, Asset Management and Insurance (until June 2024), serving individuals, corporations and government entities across India and internationally. Sensitive to: interest rate risk in trading book.
Business-model card
FY2025 · 71 verified
4Revenue
7Channels
2Regulators
5Reg. dependencies
8Sensitivities
2Costs
4Geographies
Kotak Mahindra Bank Limited is a diversified financial services conglomerate operating in Banking, Capital Markets, Asset Management and Insurance (until June 2024), serving individuals, corporations and government entities across India and internationally. It earns revenue through retail and corporate banking, treasury operations, investment management, advisory services and insurance products, with a strategic focus on integrated customer propositions leveraging its group companies.
Revenue by segment
year ended 31st March, 2025 (Consolidated)
Treasury, BMU and Corporate Centre14.4%
Retail Banking - Digital Banking1.9%
Retail Banking - Other Retail Banking27.3%
Corporate / Wholesale Banking21.4%
Vehicle Financing3.5%
Other Lending Activities1.9%
Broking3.8%
Advisory and Transactional Services1.5%
Asset Management2.5%
Insurance21.8%
Revenue engine
4 verified
Advisory and Transactional Services
Financial advisory and transactional services including mergers and acquisition advice, equity/debt issue management services and Business Correspondent services from Subsidiary Companies
Asset Management
Management of funds and investments on behalf of clients and investment distribution from Subsidiary Companies
Broking
Brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products from Subsidiary Company
1 more statement
International subsidiaries income
Investment management, advisory services, dealing in securities, broker-dealer activities and investments on own accounts; funds managed target India-centric equity and debt investments for global investors
Customers & channels
7 verified
HNI & Ultra HNI customers via Private Bank
Manages wealth for 60% of India's top 100 families through integrated group product offerings
Core India customers via 811 proposition
Resonates strongly with core India segment through targeted proposition
Affluent customers via Kotak Solitaire
Invite-only banking proposition harnesses entire group product suite to deliver seamless personalised financial services, exclusive credit lines and elite lifestyle privileges
4 more statements
Branch channel
Persona-driven branches designed for targeted customer segments; branches in residential areas address different needs than commercial hubs
Digital channel
Mobile banking apps and integrated digital platforms providing intuitive UI/UX and targeted propositions for diverse customer segments
Voice channel
Serves as bridge between digital and physical channels, supporting customers with dedicated hotline and enabling branch colleagues to access product/process information
Omnichannel distribution expansion
Drives distribution network across branch, digital and voice modes to enable deeper customer engagement and higher growth in retail deposit base, particularly current, savings and ActivMoney deposits
Regulators
2 verified
Reserve Bank of India (RBI)
Governs commercial banking, issues master circulars, guidelines and directions on banking operations, regulations, prudential requirements and outsourcing policies
Securities and Exchange Board of India (SEBI)
Regulates securities market activities, insider trading, substantial acquisitions, share-based employee benefits, non-convertible securities, custodian services, intermediaries and anti-money laundering standards
Regulatory dependencies
5 verified
New product compliance review by RBI
Bank must conduct compliance review of new products within six months of launch to satisfy regulatory prescriptions; Review Reports issued to business/Product Heads
RBI Outsourcing Policy and Guidelines
Third party risk assessment undertaken through Board-approved Outsourcing policy aligned with RBI Guidelines on outsourcing of financial services
Country Risk Policy and ALCO approval
Board-approved Country Risk Policy takes account of direct/indirect risk for identifying, measuring, monitoring and controlling country risk; ALCO empowered to approve country limits
2 more statements
Internal Capital Adequacy Assessment Process (ICAAP)
Under Pillar 2, Bank assesses additional capital requirement for concentration risks in credit portfolio to ensure sufficient capital; if risks excessive, Bank applies various risk mitigation measures
Regulatory limit setting on liquidity and call borrowing
Bank has set prudential internal limits in addition to regulatory limits on liquidity gaps, call borrowing and inter-bank liabilities
Sensitivities
8 verified
Interest rate risk in trading book
Market risk of possible economic loss arising from adverse changes in interest rates affecting treasury and investment portfolios; measured via Value at Risk model at 99% confidence level
Foreign exchange rate exposure
Market risk exposure to adverse FX rate changes affecting forex trading, international subsidiaries and cross-border transactions
Commodity and equity price volatility
Market risk exposure to adverse commodity and equity price movements; noted that core inflation driven by 30% MCX gold price surge in FY 2025
5 more statements
Crude oil prices
Lower crude prices by 14.6% in FY 2024-25 from previous year; impacts inflation and macroeconomic environment affecting credit demand and profitability
Inflation and monetary policy
Headline CPI inflation fell to 4.6% from 5.4% in prior year; RBI's interest rate decisions (repo rate and G-sec yields) affect deposit costs, lending rates and profitability; system liquidity in deficit zone in H2 FY 2024-25
Macroeconomic growth volatility
Real GDP growth moderated from 8.4% in Q4FY24 to 6.5% in Q1FY25 then 5.6% in Q2FY25 before picking up to 6.4% in Q3FY25 and 7.4% in Q4FY25; affects credit demand across segments
Government spending and capex cycles
Weak government spending in Q1FY25 due to general elections and model code of conduct reduced credit demand; government capex muted affecting infrastructure spend and credit demand
Credit demand variability by segment
SME segment credit demand grew much faster than larger corporates; service segments like Wholesale Trade and Commercial Real Estate grew faster; private capex and overall credit demand muted; urban consumption slowed, rural consumption tapered
Cost inputs
2 verified
Insurance claims and benefits paid (18.5%)
Life and general insurance claims and benefits paid of ₹84,613,331 thousand in FY 2024-25; includes policy death benefits, maturity, surrenders, survival benefits, discontinuance and other policy-related claims
Technology and software investments
Significant spends on core banking solution upgrades, cloud-native platforms, AI infrastructure, cybersecurity and IT governance; included in Other Expenditure and Repairs/Maintenance
Geographies
4 verified
India domestic operations
Primary market; 2,149 branches and 220 corporate offices across 30 states and union territories; majority of revenue from domestic retail, corporate and wholesale banking
US market exposure
Kotak Mahindra, Inc. based in USA; manages India-centric equity and debt funds for US and global investors seeking India exposure
UK market exposure
Kotak Mahindra (UK) Limited and Kotak Mahindra (International) Limited serve UK and European investors with India-centric investment products and advisory services
1 more statement
Singapore market exposure
Kotak Mahindra Asset Management (Singapore) Pte. Limited manages funds and provides advisory services; high AAUM growth contributing to international subsidiary income
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (18 Jul 2026).
Change log
6 entries · newest first
- Results filedQ1 FY2027 results filed.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 21 of 22 lender flags judged; no red flag; 1 could not be judged.
- Data gapsBusiness quality, CASA ratio: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓282 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 71 verified
Questions people ask
What is Kotak Mahindra Bank's share price today?
Kotak Mahindra Bank last traded at ₹443.40 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.5% on the day, up 2.5% over a year. Its 52-week range is ₹346 to ₹453. The live price is in the app.
What is Kotak Mahindra Bank's market cap?
Kotak Mahindra Bank's market capitalisation is about ₹4.39 lakh crore: what it would cost to buy every share at today's price. That makes it the 10th largest large cap company we cover.
Is Kotak Mahindra Bank Ltd a large cap, mid cap or small cap?
Kotak Mahindra Bank Ltd (KOTAKBANK) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Kotak Mahindra Bank Ltd's P/E ratio?
21.61, vs peers 17.3 · 7th of 10. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Kotak Mahindra Bank Ltd overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 21.6 vs peers 17.3 (7th of 10); P/B 2.6 vs peers 1.1 (10th of 10).
How does Kotak Mahindra Bank Ltd make money?
Kotak Mahindra Bank Limited is a diversified financial services conglomerate operating in Banking, Capital Markets, Asset Management and Insurance (until June 2024), serving individuals, corporations and government entities across India and internationally. It earns revenue through retail and corporate banking, treasury operations, investment management, advisory services and insurance products, with a strategic focus on integrated customer propositions leveraging its group companies.
Why is there no Altman Z or debt to equity for Kotak Mahindra Bank?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Kotak Mahindra Bank Ltd's peers?
Compared with 9 Private Sector Bank: HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, IDBI Bank Ltd, Federal Bank Ltd and 4 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Kotak Mahindra Bank do last quarter?
Kotak Mahindra Bank reported income of ₹30,069 Cr, up 3.8% on a year earlier and a net profit of ₹5,480 Cr, down 12.8% in the Jun 2026 quarter.
Who owns Kotak Mahindra Bank?
Kotak Mahindra Bank is held by promoters 25.9%, foreign institutions 25.2%, domestic institutions 37.7%.
Does Kotak Mahindra Bank pay a dividend?
Yes. Kotak Mahindra Bank's dividend yield is 0.18% at the latest price; the last payout was ₹0.65 a share, ex-dividend 17 Jul 2026.
What do analysts say about Kotak Mahindra Bank?
37 analysts cover Kotak Mahindra Bank, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.