K

Kotak Mahindra Bank Limited

KOTAKBANKNSE
Market snapshot · 2026-08-11 13:19 UTC

392.90

₹-0.60 (-0.15%)

MARKET CAP

₹3.91L Cr

STOCK P/E

19.3x

52W HIGH

₹453.20

52W LOW

₹345.50

BOOK VALUE

₹182.20

EPS

₹20.38

ROE

SECTOR

Financials

GROSS NPA

1.18%

VOLUME

78.54L

P/B RATIO

2.16x

NET NPA

0.27%

Sector

Financials

Themes

Private Banks
D
Dividend
S
Split
E
Earnings
₹440.40₹419.65₹398.89₹378.14₹357.38VolumeESEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for KOTAKBANK.

36.00 analysts

Price Forecast

Current
₹392.90
High Target
₹518.00
▲ +31.8%
Median Target
₹460.00
▲ +17.1%
Low Target
₹380.00
▼ -3.3%
Now₹392.90High ₹518.00Median ₹460.00Low ₹380.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
36 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹351.04 - ₹458.2480%
6M₹339.10 - ₹494.3280%
12M₹326.83 - ₹556.9280%
Realized vol: +20.8% · Drift: +10.4%

Revenue Forecast

₹ Cr
Jun '26Current₹14,477.0
Sep 2026 ETrend estimate range
High₹15,376.2Base₹14,237.3Low₹13,098.3
Sep '25: ₹13,649.0 · Dec '25: ₹13,903.0 · Mar '26: ₹14,175.0 · Jun '26: ₹14,477.0 · Sep '26: ₹14,237.3 · Dec '26: ₹14,502.2
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E13,649.013,903.014,175.014,477.014,237.314,502.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹4.15
Sep 2026 ETrend estimate range
High₹4.20Base₹3.75Low₹3.30
Sep '25: ₹3.27 · Dec '25: ₹3.47 · Mar '26: ₹4.05 · Jun '26: ₹4.15 · Sep '26: ₹3.75 · Dec '26: ₹3.98
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3.273.474.054.153.753.98
PastCurrentTrend estimate: Low / Base / High
EPS forecast unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
74%
Analyst Consensus
Weakening

From 36 analysts

Mean upside+17.7%

Fundamentals

Strong

Fundamentals institutional score is 73 using growth durability 72.7.

Valuation

Attractive relative to peers

Valuation institutional score is 76 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 71 using mean target upside 17.7%; dispersion penalty 11.9; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 94 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 5 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while market sentiment remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price462.5 target
Mean Upside+17.7%
Technical Score94%
Fundamental Score73%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 4.8% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.39). Confidence: 92%.

Live forward EPS implies next-12-month EPS of ₹25.55. Applying the stock's normalized valuation corridor produces a fair range of ₹442.27 to ₹516.88, with base value near ₹469.86 (+19.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹25.55

Forward P/E

15.4x

Base Fair Value

₹469.86

Fair Range

₹442.27 - ₹516.88

Upside To Base

+19.6%

Estimate Source

Live forward EPS

Growth Estimate

+22.5%

P/B
Strongly Undervalued

5Y Average

2.46

Current

2.16

Overvalued

2.83

Undervalued

2.09

P/E
Fair

5Y Average

18.42

Current

19.28

Overvalued

20.23

Undervalued

17.31

P/S
Fair

5Y Average

5.24

Current

5.48

Overvalued

6.02

Undervalued

4.45

Peers & Comparison

Sector: Financials · Theme: Private Banks

Private Banks Peers6 peers
Avg P/E: 22.6x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
HDFC BANK LTD
HDFCBANKPrivate Banks
+16.6%26.8%
15.9x
Undervalued
-30% vs avg
-25.8%
AXIS BANK LIMITED
AXISBANKPrivate Banks
+14.0%36.0%
13.7x
Undervalued
-39% vs avg
+16.6%
FEDERAL BANK LTD
FEDERALBNKPrivate Banks
+21.4%30.7%
18.8x
Undervalued
-17% vs avg
+82.2%
ICICI BANK LTD.
ICICIBANKPrivate Banks
+11.4%27.5%
18.4x
Undervalued
-19% vs avg
+0.7%
IDBI BANK LIMITED
IDBIPrivate Banks
48.6%
9.7x
Undervalued
-57% vs avg
-6.1%
INDUSIND BANK LIMITED
INDUSINDBKPrivate Banks
+1.0%7.6%
59.2x
Premium
+162% vs avg
+30.5%
WHY THESE PEERS

KOTAK MAHINDRA BANK LTD trades at a discount (19.1x vs peer avg 22.6x), suggesting potential undervaluation relative to the Private Banks cohort. Peers include HDFC BANK LTD, AXIS BANK LIMITED, FEDERAL BANK LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹14.48K CrJun 2026

Latest net profit

₹4.12K CrJun 2026

Free cash flow

₹36.40K CrMar 2026

Net Profit

₹4.12K CrProfit conversion

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr
  • Revenue
  • Net income
  • Net margin %

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
Total incomeInterestOtheradjustmentsProfitbefore taxTax &minorityNet Profit0.00 Cr4.00K Cr8.00K Cr12.00K Cr16.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Debt free
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.00L Cr0.00 Cr3.00L Cr6.00L Cr9.00L Cr
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue +10,50011,19311,79912,30712,74613,21613,42813,53013,83713,64913,90314,17514,477
Interest4,2664,8965,2465,3985,9046,1976,2316,2466,5776,3396,3396,2996,549
Expenses +4,3324,3684,8634,6905,0965,2655,4325,9035,9835,5795,8325,6535,803
Financing Profit1,9021,9291,6902,2201,7471,7551,7641,3801,2761,7321,7322,2222,125
Financing Margin %18%17%14%18%14%13%13%10%9%13%12%16%15%
Other Income +2,6832,3152,2972,9786,4492,6842,6233,1823,0802,5892,8383,1163,338
Depreciation0000000000000
Profit before tax4,5854,2443,9875,1988,1964,4394,3874,5634,3564,3214,5705,3395,463
Tax %25%25%25%20%24%25%25%22%25%25%25%25%25%
Net Profit +3,4523,1913,0054,1336,2503,3443,3053,5523,2823,2533,4464,0274,123
EPS in Rs3.473.213.024.166.293.363.323.573.303.273.474.054.15
Gross NPA %1.77%1.72%1.73%1.39%1.39%1.49%1.50%1.42%1.48%1.39%1.30%1.20%1.18%
Net NPA %0.40%0.37%0.34%0.34%0.35%0.43%0.41%0.31%0.34%0.32%0.31%0.25%0.27%
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +25.88%25.87%25.87%25.87%25.87%
FIIs +32.34%29.75%29.36%26.40%25.21%
DIIs +29.61%32.02%32.88%36.19%37.71%
Public +12.18%12.35%11.90%11.54%11.20%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Aug 01, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 01, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 01, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Aug 01, 2026PDFCompany Reports Open