KOTAKBANK

Kotak Mahindra Bank Limited

Private-sector universal bank with insurance, asset management and broking arms

Financial Services›Financial Services›Banks›Private Sector Bank

kotak.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹442.30
Market cap
4,39,929 Cr
Stock P/E
21.7
P/B
2.43
Dividend yield
0.1%
ROE (FY26)
10.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Kotak Mahindra Bank is a private-sector bank in India that lends to and takes deposits from individuals, small businesses and companies.

Company snapshot

3rdBy market cap

Ranked among 20 companies in Private Sector Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 52.6% of revenue

SegmentRevenue shareRevenuePBTAssets
Corporate Wholesale Banking
38.0%
18,108 Cr5,557 Cr—
Other Banking business—0 Cr0 Cr—
Retail Banking
52.6%
25,067 Cr4,363 Cr—
Treasury BMU and Corporate Centre
18.7%
8,894 Cr7,102 Cr—

Shares add up to 109% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Net margin of 17.9% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income8,181 Cr8,509 Cr8,944 Cr9,032 Cr9,288 Cr9,462 Cr9,612 Cr9,719 Cr9,866 Cr10,122 Cr10,451 Cr10,652 Cr
Other income7,843 Cr9,588 Cr12,751 Cr9,239 Cr10,453 Cr7,313 Cr10,402 Cr9,456 Cr7,703 Cr10,344 Cr10,280 Cr11,714 Cr
Net operating income16,024 Cr18,098 Cr21,695 Cr18,271 Cr19,741 Cr16,775 Cr20,015 Cr19,175 Cr17,569 Cr20,466 Cr20,732 Cr22,366 Cr
Employee cost2,463 Cr2,601 Cr2,849 Cr2,809 Cr2,959 Cr2,959 Cr3,236 Cr3,110 Cr3,080 Cr3,435 Cr3,339 Cr3,300 Cr
Other expenses7,218 Cr9,221 Cr11,630 Cr8,679 Cr9,245 Cr6,582 Cr9,287 Cr8,690 Cr7,472 Cr9,558 Cr9,733 Cr10,792 Cr
Provisions & contingencies455 Cr662 Cr442 Cr774 Cr890 Cr1,054 Cr1,140 Cr1,321 Cr1,054 Cr940 Cr585 Cr765 Cr
Depreciation————————————
Profit before tax5,888 Cr5,614 Cr6,775 Cr9,811 Cr6,647 Cr6,180 Cr6,351 Cr6,053 Cr5,963 Cr6,533 Cr7,443 Cr7,509 Cr
Tax %24.9%25.1%22.6%24.6%24.8%24.9%22.7%26.8%25.4%24.9%27.4%26.9%
Net profit4,461 Cr4,265 Cr5,337 Cr7,448 Cr5,044 Cr4,701 Cr4,933 Cr4,472 Cr4,468 Cr4,924 Cr5,423 Cr5,480 Cr
EPS (₹)₹22.45₹21.46₹26.66₹37.47₹25.37₹23.64₹24.81₹22.49₹22.47₹4.95₹5.45₹5.51

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income10,867 Cr12,664 Cr14,748 Cr17,573 Cr19,853 Cr22,187 Cr27,740 Cr33,669 Cr37,394 Cr40,161 CrSign in free for the trailing twelve months
Other income11,660 Cr13,682 Cr15,969 Cr16,826 Cr23,884 Cr25,142 Cr25,830 Cr38,037 Cr37,407 Cr37,782 CrSign in free for the trailing twelve months
Net operating income22,526 Cr26,346 Cr30,717 Cr34,399 Cr43,737 Cr47,330 Cr53,570 Cr71,707 Cr74,802 Cr77,944 CrSign in free for the trailing twelve months
Employee cost——4,851 Cr5,756 Cr5,856 Cr7,141 Cr8,479 Cr10,347 Cr11,964 Cr12,964 CrSign in free for the trailing twelve months
Other expenses——14,245 Cr14,663 Cr21,453 Cr23,469 Cr25,005 Cr35,524 Cr33,793 Cr35,455 CrSign in free for the trailing twelve months
Provisions & contingencies949 Cr1,025 Cr1,045 Cr2,558 Cr3,260 Cr772 Cr440 Cr1,972 Cr3,859 Cr3,900 CrSign in free for the trailing twelve months
Depreciation——————————Sign in free for the trailing twelve months
Profit before tax7,402 Cr9,269 Cr10,576 Cr11,422 Cr13,168 Cr15,948 Cr19,646 Cr23,863 Cr28,989 Cr25,993 CrSign in free for the trailing twelve months
Tax %32.2%32.5%32.7%24.6%24.8%25.2%24.8%24.7%24.3%26.2%Sign in free for the trailing twelve months
Net profit5,019 Cr6,258 Cr7,204 Cr8,593 Cr9,990 Cr12,089 Cr14,925 Cr18,213 Cr22,126 Cr19,288 CrSign in free for the trailing twelve months
EPS (₹)₹26.89₹32.70₹37.78₹44.73₹50.53₹60.76₹74.96₹91.45₹111.29₹19.40Sign in free for the trailing twelve months
Dividend payout %————0.4%1.8%1.7%1.8%1.8%2.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital——954 Cr957 Cr991 Cr992 Cr993 Cr994 Cr994 Cr995 Cr
Reserves——56,825 Cr65,678 Cr83,346 Cr95,642 Cr1,10,761 Cr1,28,898 Cr1,56,401 Cr1,80,118 Cr
Borrowings——66,439 Cr65,577 Cr47,739 Cr55,148 Cr57,034 Cr75,106 Cr97,622 Cr95,394 Cr
Other liabilities——2,70,953 Cr3,10,962 Cr3,46,797 Cr3,94,716 Cr4,51,642 Cr5,62,669 Cr6,24,757 Cr7,26,847 Cr
Total liabilities——3,95,171 Cr4,43,173 Cr4,78,873 Cr5,46,498 Cr6,20,430 Cr7,67,667 Cr8,79,774 Cr10,03,353 Cr
Fixed assets (net)——1,884 Cr1,861 Cr1,740 Cr1,910 Cr2,261 Cr2,563 Cr2,811 Cr2,853 Cr
CWIP——————————
Investments——1,03,487 Cr1,11,197 Cr1,56,946 Cr1,64,529 Cr1,95,338 Cr2,46,446 Cr2,84,255 Cr2,90,633 Cr
Loans & advances——2,43,462 Cr2,49,879 Cr2,52,188 Cr3,04,474 Cr3,59,107 Cr4,30,352 Cr4,86,166 Cr5,65,768 Cr
Cash & bank——10,911 Cr9,513 Cr12,528 Cr16,049 Cr19,985 Cr36,287 Cr41,748 Cr51,282 Cr
Other assets——35,428 Cr70,723 Cr55,471 Cr59,536 Cr43,738 Cr52,020 Cr64,795 Cr92,818 Cr
Total assets——3,95,171 Cr4,43,173 Cr4,78,873 Cr5,46,498 Cr6,20,430 Cr7,67,667 Cr8,79,774 Cr10,03,353 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity13,223 Cr-10,392 Cr1,822 Cr46,619 Cr4,881 Cr8,418 Cr-1,242 Cr15,685 Cr16,916 Cr41,727 Cr
Cash from investing-5,268 Cr-5,608 Cr-3,383 Cr-13,199 Cr-11,116 Cr-11,084 Cr-10,550 Cr-9,097 Cr-25,272 Cr-16,519 Cr
Cash from financing6,055 Cr14,679 Cr8,365 Cr-735 Cr-10,072 Cr7,549 Cr1,883 Cr15,656 Cr22,142 Cr-2,538 Cr
Net cash flow13,989 Cr-1,188 Cr6,864 Cr32,815 Cr-16,363 Cr4,949 Cr-9,740 Cr22,281 Cr13,855 Cr23,029 Cr
Free cash flow (OCF − Capex)12,818 Cr-10,818 Cr1,297 Cr46,166 Cr4,513 Cr7,748 Cr-2,229 Cr14,558 Cr15,703 Cr40,669 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %12.4%10.9%12.5%12.9%11.8%12.5%13.4%14.0%14.1%10.6%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA——4,468 Cr5,027 Cr7,426 Cr6,470 Cr5,768 Cr5,275 Cr6,134 Cr6,018 Cr
Gross NPA %2.6%2.2%2.1%2.3%3.3%2.3%1.8%1.4%1.4%1.2%
Net NPA——1,544 Cr1,558 Cr2,705 Cr1,737 Cr1,193 Cr1,271 Cr1,343 Cr1,263 Cr
Net NPA %1.3%1.0%0.8%0.7%1.2%0.6%0.4%0.3%0.3%0.3%
CET1 %15.9%17.5%16.7%17.1%21.2%21.5%20.6%20.5%21.1%21.3%
Additional Tier 1 %0.0%0.0%17.4%0.2%0.2%0.2%0.1%1.3%0.0%1.1%
ROA %1.7%1.7%1.7%1.9%1.8%2.1%2.5%2.6%2.6%2.0%