Kotak Mahindra Bank Ltd.

• Clear picture on NPA due to covid crisis to emerge soon

  All applications for restructuring of loans due to covid-19 were received by December 31st 2020. The real impact of covid-19 on non-performing asset (NPA) numbers will become clear when third quarter results are announced in coming weeks.

• Always willing to take over

  The bank has been successful in taking over medium-sized private bank and integrating well. In the coming years, it is very likely that it might make a bid for other similar sized banks. A merger partly takes care of the issue of high promoter stake.

• Credit-check for corporates in place

  In the past five years, the bank has largely been insulated from the troubles in corporate loans, indicating that the risk of a sudden decline in asset quality is very low and the credit-check system is robust. Covid crisis has impacted the retail loan book of every bank, with Kotak being no exception. The collection efficiency of the bank is high. What needs to be watched is the recovery rate on the individual loan books.

• Sprucing up subsidiaries

  In some segments like securities trading and asset management, the subsidiaries of the bank are doing well, both in term of revenue and ranking in the industry. But the insurance subsidiary needs to be spruced up. The unlocking of subsidiaries would help the bank in raising resources for any large inorganic expansion plan

• PE Ratio(x)40.74
• EPS - TTM(₹)45.75
• MCap(₹ Cr.)3,68,829
• MCap Rank3
• PB Ratio(x)5.58
• Div Yield(%)0.00
• Face Value(₹)5.00
• 52W High(₹)2,027.00
• 52W Low(₹)1,001.00
• MCap/Sales7.41
• Beta(1 Month)1.20
• BV/Share(₹)339.27

• PE Ratio(x)40.73
• EPS - TTM(₹)45.75
• MCap(₹ Cr.)3,69,839
• MCap Rank3
• PB Ratio(x)5.58
• Div Yield(%)0.00
• Face Value(₹)5.00
• 52W High(₹)2,026.55
• 52W Low(₹)1,000.35
• MCap/Sales7.41
• Beta(1 Month)1.21
• BV/Share(₹)339.27

• 1 Day-1.52%
• 1 Month-4.47%
• 3 Months42.33%
• 1 Year11.24%
• 3 Years79.51%
• 5 Years175.89%

• 1 Day-1.55%
• 1 Month-4.45%
• 3 Months42.37%
• 1 Year11.1%
• 3 Years79.34%
• 5 Years175.7%

• Six out of 10 most valued firms add over Rs 1.13 lakh cr in cumulative m-cap

  News

• Embassy REIT announces raises Rs 2,600 crore NCD

  News

• Announcement under Regulation 30 (LODR)-Newspaper Publication

  Announcements

• Board Meeting Intimation for Unaudited Standalone And Unaudited Consolidated Financia..

  Announcements

• Income (P&L)

  • Profit Per Branch - Uptrend

    Net profit per branch has been continuously increasing over the last 3 years with a growth of 14.6% last year. (Source: Standalone Financials)

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	13,591.41	12,323.15	12,084.71	13,542.43	12,542.99
  Total Income Growth (%)	10.29	1.97	-10.76	7.97	3.41
  Provisions & Contingencies	473.22	1,119.33	1,262.19	472.59	473.10
  Provisions & Contingencies Growth (%)	-57.72	-11.32	167.08	-0.11	35.09
  Profit after Tax (PAT)	2,946.62	1,852.59	1,905.18	2,348.72	2,407.25
  PAT Growth (%)	59.05	-2.76	-18.88	-2.43	24.59
  Gross NPA (%)	2.55	2.67	2.16	2.33	2.17
  Net NPA (%)	0.70	0.89	0.70	0.87	0.82
  Net Profit Margin (%)	21.68	15.03	15.77	17.34	19.19
  Basic EPS (₹)	14.89	9.57	9.71	12.29	12.61

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	8,288.08	7,685.40	8,294.07	8,077.03	7,986.01
  Total Income Growth (%)	7.84	-7.34	2.69	1.14	0.52
  Provisions & Contingencies	368.59	962.01	1,047.47	444.00	407.93
  Provisions & Contingencies Growth (%)	-61.69	-8.16	135.92	8.84	28.78
  Profit after Tax (PAT)	2,184.48	1,244.45	1,266.60	1,595.90	1,724.48
  PAT Growth (%)	75.54	-1.75	-20.63	-7.46	26.78
  Gross NPA (%)	2.55	2.70	2.25	2.46	2.32
  Net NPA (%)	0.64	0.87	0.71	0.89	0.85
  Net Profit Margin (%)	26.36	16.19	15.27	19.76	21.59
  Basic EPS (₹)	11.04	6.43	6.37	8.35	9.03

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Income	50,365.74	45,979.11	38,813.31	33,983.77	28,032.36
  Total Income Growth (%)	9.54	18.46	14.21	21.23	30.56
  Provisions & Contingencies	5,372.82	4,501.39	4,035.83	3,331.77	2,584.19
  Provisions & Contingencies Growth (%)	19.36	11.54	21.13	28.93	52.85
  Profit after Tax (PAT)	8,593.36	7,204.13	6,200.97	4,941.33	3,458.85
  PAT Growth (%)	20.89	15.82	24.19	44.27	11.94
  Net Interest Margin (%)	3.96	3.73	3.74	3.93	3.85
  Net Profit Margin (%)	25.67	24.06	24.67	22.13	16.95
  Basic EPS (₹)	44.73	37.78	32.70	26.89	18.91

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Income	32,301.72	28,547.23	23,800.70	21,176.09	18,996.42
  Total Income Growth (%)	13.15	19.94	12.39	11.47	61.69
  Provisions & Contingencies	4,073.66	3,482.85	3,073.87	2,573.31	1,951.31
  Provisions & Contingencies Growth (%)	16.96	13.31	19.45	31.88	72.46
  Profit after Tax (PAT)	5,947.18	4,865.33	4,084.30	3,411.50	2,089.78
  PAT Growth (%)	22.24	19.12	19.72	63.25	11.99
  Net Interest Margin (%)	3.74	3.60	3.59	3.78	3.58
  Net Profit Margin (%)	22.08	20.32	20.68	19.27	12.75
  Basic EPS (₹)	30.88	25.52	21.54	18.57	11.42

  All figures in Rs Cr, unless mentioned otherwise

• Balance Sheet

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Advances	2,49,878.96	2,43,461.99	2,05,997.32	1,67,124.91	1,44,792.82
  Advances Growth (%)	2.64	18.19	23.26	15.42	63.36
  Deposits	2,60,400.21	2,24,824.26	1,91,235.80	1,55,540.00	1,35,948.76
  Deposits Growth (%)	15.82	17.56	22.95	14.41	86.63
  Total Equity	67,134.12	58,279.73	50,486.07	38,965.27	33,756.24
  Total Equity Growth (%)	15.19	15.44	29.57	15.43	50.10
  Gross NPA (%)	-	-	-	-	-
  Net NPA (%)	-	-	-	-	-
  Capital Adequacy Ratios (%)	-	-	-	-	-
  Contingent Liabilities	1,90,159.09	2,17,847.15	2,09,757.54	1,96,172.07	2,34,097.80

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Advances	2,19,748.19	2,05,694.81	1,69,717.92	1,36,082.13	1,18,665.30
  Advances Growth (%)	6.83	21.20	24.72	14.68	79.36
  Deposits	2,62,820.52	2,25,880.36	1,92,643.27	1,57,425.86	1,38,643.02
  Deposits Growth (%)	16.35	17.25	22.37	13.55	85.20
  Total Equity	48,518.17	42,400.45	37,483.82	27,617.94	23,962.47
  Total Equity Growth (%)	14.43	13.12	35.72	15.25	69.42
  Gross NPA (%)	2.25	2.14	2.22	2.59	2.40
  Net NPA (%)	0.71	0.75	0.98	1.26	1.06
  Capital Adequacy Ratios (%)	17.89	17.45	18.22	16.77	16.34
  Contingent Liabilities	1,87,277.36	2,12,082.27	2,05,104.84	1,93,067.54	2,31,996.22

  All figures in Rs Cr, unless mentioned otherwise

• Cash Flows

  • Increase in Cash from Investing

    Company has used Rs 13198.87 cr for investing activities which is an YoY increase of 290.2%. (Source: Consolidated Financials)

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	46,618.83	1,822.38	-10,392.41	13,222.50	5,024.58
  Net Cash used in Investing Activities	-13,198.87	-3,382.56	-5,608.25	-5,268.09	-8,662.39
  Net Cash flow from Financing Activities	-735.00	8,364.59	14,679.40	6,055.26	2,024.41
  Net Cash Flow	32,815.39	6,863.83	-1,187.92	13,989.14	-1,613.40
  Closing Cash & Cash Equivalent	64,079.85	31,264.46	24,400.63	25,588.55	11,599.41
  Closing Cash & Cash Equivalent Growth (%)	104.96	28.13	-4.64	120.60	68.02

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	30,159.43	-3,387.72	-10,274.92	14,411.92	6,133.72
  Net Cash used in Investing Activities	-7,454.06	798.11	-2,515.50	-2,971.84	-6,363.01
  Net Cash flow from Financing Activities	5,882.91	7,633.07	9,837.22	256.52	-1,463.91
  Net Cash Flow	28,616.76	5,055.43	-2,951.90	11,692.29	-1,693.19
  Closing Cash & Cash Equivalent	53,292.30	24,675.54	19,620.11	22,572.01	10,879.72
  Closing Cash & Cash Equivalent Growth (%)	115.97	25.77	-13.08	107.47	73.73

  All figures in Rs Cr, unless mentioned otherwise

• Ratios

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	12.89	12.46	12.28	12.83	10.36
  Return on Assets (%)	1.93	1.82	1.83	1.78	1.43
  Cost to Income (%)	51.34	51.48	52.04	51.72	48.08
  Interest income to Earning assets (%)	7.55	7.57	7.44	8.08	8.47
  Interest Expense to Earning assets (%)	3.58	3.84	3.69	4.14	4.61
  Price to Earnings (x)	28.90	35.46	32.26	32.57	36.23
  Price to Book (x)	3.72	4.41	3.96	4.17	3.74
  Price to Sales (x)	7.41	8.52	7.95	7.19	6.12
  Operating Profit Margin (%)	-24.74	-29.81	-29.98	-30.05	-20.58

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	12.25	11.47	10.89	12.35	8.72
  Return on Assets (%)	1.65	1.55	1.54	1.58	1.08
  Cost to Income (%)	40.01	38.52	39.91	38.68	39.07
  Interest income to Earning assets (%)	7.47	7.66	7.45	8.24	8.52
  Interest Expense to Earning assets (%)	3.72	4.06	3.85	4.46	4.93
  Price to Earnings (x)	41.84	52.63	49.02	47.17	59.88
  Price to Book (x)	5.11	6.01	5.33	5.81	5.21
  Price to Sales (x)	9.21	10.65	10.12	9.07	7.62
  Operating Profit Margin (%)	2.13	1.09	0.16	-0.37	-3.18

• Management View (MD&A)

  • Trend in non-interest income

    Non-interest income increased from 4,657.2 crore in FY 2019 to 5,372.1 crore in FY 2020 primarily due to: Increase in commission, exchange and brokerage income primarily on account of increase in direct banking fees and charges, credit card fees and branch banking fees, offset, in part, by decrease in third party referral fees due to drop in commission on mutual fund distribution mainly on account of change in regulations and other referral fees

  • Some more industrial segment in slowdown

    Construction Equipment (CE) industry which reported decent growth since 2014, showed signs of slowdown as overall Industry was down by 24% YoY. Demand was muted because of continues volatility and uncertainty of payments from most of the government bodies. New project allocation was slow from departments like NHAI etc. Rural demand continues to be better than other segments. Overall delinquency percentage of the CE portfolio witnessed some stress in last FY.

  • Pain point: MSME and MFI

    The MFI segment has been impacted in growth first by monsoons and by regional issues that impacted recoveries. The delinquency levels were higher on YoY basis. The Bank has continued to see recoveries in its stressed cases as our recovery actions are now close to fruition. The portfolio delinquency in this sector is projected to be better than other sectoral SME portfolios

• Buy/Sell Signals

  No Data Available

• Price Analysis
  47%

  Positive Movement
  since 1st Jan 2005
  on basis

  53%

  Negative Movement
  since 1st Jan 2005
  on basis

  Exclude

  Global Meltdown1st Jan 2008 to 10th Nov 2008

  Covid Crisis1st Feb 2020 to 31st Mar 2020

• Pivot Levels

  R1	1893.92	Pivot 1873.98	S1	1843.97
  R2	1923.93		S2	1824.03
  R3	1973.88		S3	1774.08

• Average True Range

  5 Days	14 Days	28 Days
  38.10	39.68	43.05

• Stock Performance

  • Stock Returns vs Nifty 100

    Stock gave a 3 year return of 78.11% as compared to Nifty 100 which gave a return of 29.61%. (as of last trading session)

  • Stock Returns vs Nifty Bank

    Stock generated 78.11% return as compared to Nifty Bank which gave investors 22.66% return over 3 year time period. (as of last trading session)

  • CHART
  • TABLE

  • 1D
  • 1W
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y

  • Choose from Peers

    Choose from Stocks

  NAME	1D	1W	1M	3M	1Y	3Y	5Y
  Kotak Bank	-1.52	-5.42	-4.47	42.33	11.24	79.51	175.89
  ICICI Bank	-1.86	0.18	4.82	38.87	1.38	64.90	166.11
  Axis Bank	-0.17	0.32	11.16	45.88	-9.57	20.39	80.32
  IndusInd Bank	-0.39	2.78	4.22	61.52	-31.03	-42.59	4.81
  Bandhan Bank	-1.23	-12.12	-10.58	21.33	-25.14	0.00	0.00
  Add More

  All values in %

  Choose from Peers

  • YES Bank
  • IDFC First Bank
  • RBL Bank
  • Federal Bank
  • City Union Bank

  Choose from Stocks
• Ratio Performance

  • Stock Returns vs Nifty 100

    Stock gave a 3 year return of 78.11% as compared to Nifty 100 which gave a return of 29.61%. (as of last trading session)

  • Stock Returns vs Nifty Bank

    Stock generated 78.11% return as compared to Nifty Bank which gave investors 22.66% return over 3 year time period. (as of last trading session)

  NAME	P/E (x)	P/B (x)	ROE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	NIM %	Cost to Income %	Interest income to Earning assets %	Net NPA %	Capital Adequacy Ratio %
  Kotak Bank	40.74	5.49	12.89	1.93	13.86	-24.74	25.67	3.96	51.34	7.55	0.71	17.89
  ICICI Bank	26.90	2.89	7.98	0.69	9.62	-63.32	11.27	2.91	62.68	6.15	1.54	16.11
  Axis Bank	58.21	2.39	2.14	0.19	11.48	-22.69	2.90	2.77	50.19	6.86	1.56	17.53
  IndusInd Bank	26.11	2.14	12.94	1.45	24.10	-8.66	15.48	3.92	40.72	9.36	0.91	15.04
  Bandhan Bank	21.83	3.91	19.89	3.29	41.75	13.54	27.77	6.89	38.99	11.86	0.58	27.43
  Add More

  Annual Ratios (%)

  Choose from Peers

  • YES Bank
  • IDFC First Bank
  • RBL Bank
  • Federal Bank
  • City Union Bank

  Choose from Stocks

• QoQ Change
  Category	30 Jun 2020	31 Mar 2020	31 Dec 2019	30 Sep 2019
  Promoters	26.07	29.92	29.96	29.97
  Pledge	0.00	0.00	0.00	0.00
  FII	42.15	39.17	39.75	40.15
  DII	15.27	12.65	12.38	12.27
  Mutual Funds	9.84	9.00	8.79	8.79
  Others	16.51	18.26	17.91	17.61

• Total Shareholdings
  Category	No. of Shares	Percentage	% Change QoQ
  Promoters	51,58,63,964	26.07 %	-3.85
  Pledge	0	0.00 %	0.00
  FII	83,39,87,338	42.15 %	2.98
  DII	30,23,27,306	15.27 %	2.62
  MF	19,48,10,163	9.84 %	0.84
  Others	32,66,25,769	16.51 %	-1.75

• SBI ETF Nifty 50-D

  Equity: Large Cap

  • 4,336.65

    Amount Invested (in Cr.)

  • 4.85%

    % of AUM

  • 2.11

    % Change (MoM basis)

• SBI ETF Sensex

  Equity: Large Cap

  • 1,954.11

    Amount Invested (in Cr.)

  • 4.99%

    % of AUM

  • 4.09

    % Change (MoM basis)

• Axis Long Term Equity Direct-G

  Equity: ELSS

  4

  • 1,829.86

    Amount Invested (in Cr.)

  • 6.73%

    % of AUM

  • 0.00

    % Change (MoM basis)

• Futures
  • Expiry Month28-01-2021 (Current)25-02-2021 (Near)25-03-2021 (Far)

  Date	Price
  27-09-2020Current	1,871.30-30.65 (-1.61%)
  1,898.90 Open	1,911.40 High	1,858.25 Low
  1,901.95 Prev Close	11,712 Contracts Traded	87,928.63 Turnover (₹ Lakhs)

• Options
  • TypeCEPE
  • Expiry Month28-01-2021 (Current)25-02-2021 (Near)25-03-2021 (Far)
  • Strike Price1020.01040.01060.01080.01100.01120.01140.01160.01180.01200.01220.01240.01260.01280.01300.01320.01340.01360.01380.01400.01420.01440.01460.01480.01500.01520.01540.01560.01580.01600.01620.01640.01660.01680.01700.01720.01740.01760.01780.01800.01820.01840.01860.01880.01900.01920.01940.01960.01980.02000.02020.02040.02060.02080.02100.02120.02140.02160.02180.02200.02220.02240.02260.02280.02300.02320.02340.02360.02380.02400.0

  Date	Price
  27-09-2020Current	980.000.00 (0.00%)
  0.00 Open	0.00 High	0.00 Low
  980.00 Close	0 Contracts Traded	0.00 Turnover (₹ Lakhs)

• Recent

  Board Meeting

  Quarterly Results

  Oct 19, 2020

  Board Meeting

  Quarterly Results

  Jul 22, 2020

  General Meeting

  -

  Jul 10, 2020

• Board Meetings

  Announced on	Meeting on
  Oct 19, 2020	Oct 26, 2020
  Quarterly Results
  Jul 22, 2020	Jul 27, 2020
  Quarterly Results
  May 07, 2020	May 13, 2020
  Audited Results
  Apr 20, 2020	Apr 22, 2020
  Others
  Mar 09, 2020	Mar 17, 2020
  Dividend on Preference Shares

• Dividends

  Announced on	Ex-Date	Dividend%
  Mar 09, 2020	Mar 19, 2020	0%
  Apr 30, 2019	Jul 12, 2019	16%
  Mar 08, 2019	Mar 20, 2019	8%
  Apr 30, 2018	Jul 11, 2018	14%
  May 02, 2017	Jul 12, 2017	12%

• Bonus

  Announced on	Ex-Date
  May 05, 2015	Jul 08, 2015
  Bonus Ratio: 1 share(s) for every 1 shares held
  Jun 07, 2005	Aug 25, 2005
  Bonus Ratio: 3 share(s) for every 2 shares held
  May 25, 2004	Aug 25, 2004
  Bonus Ratio: 1 share(s) for every 1 shares held
  Aug 10, 1995	Dec 01, 1994
  Bonus Ratio: 1 share(s) for every 2 shares held
  Jan 03, 1994	Nov 25, 1994
  Bonus Ratio: 1 share(s) for every 1 shares held

• Splits

  Announced on	Ex-Date
  May 11, 2010	Sep 13, 2010
  Split: Old FV10.0| New FV:5.0

• Rights

  Announced on	Ex-Date
  Jan 21, 2000	Jan 31, 2000
  Rights ratio: 1 share for every 4 held at a price of Rs 100.0
  Sep 30, 1993	Jan 07, 1993
  Rights ratio: 1 share for every 1 held at a price of Rs 25.0

• AGM/EGM Meetings

  Announced on	Meeting on
  Jul 10, 2020	Aug 18, 2020
  -
  Apr 24, 2020	May 25, 2020
  -
  Jun 21, 2019	Jul 22, 2019
  Book closure from Jul 16, 2019 to Jul 22, 2019
  Jun 21, 2019	-
  Book closure from Jul 16, 2019 to Jul 22, 2019
  Jun 21, 2019	-
  Book closure from Jul 16, 2019 to Jul 22, 2019

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 368829.35 Crore).Kotak Mahindra Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 20999.24 Crore to Sales Value (77.97 % of Total Sales), Income From Investment which contributed Rs 5257.25 Crore to Sales Value (19.52 % of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 381.24 Crore to Sales Value (1.41 % of Total Sales) and Interest which contributed Rs 291.89 Crore to Sales Value (1.08 % of Total Sales)for the year ending 31-Mar-2020. The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 6055.01 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1636.82 Crore (.00% of total assets).For the quarter ended 30-09-2020, the company has reported a Consolidated Interest Income of Rs 5473.08 Crore, down -5.20 % from last quarter Interest Income of Rs 5773.27 Crore and down -12.91 % from last year same quarter Interest Income of Rs 6284.31 Crore. The bank has reported net profit after tax of Rs 2933.46 Crore in latest quarter.The bank’s top management includes Mr.C Jayaram, Mrs.Farida Khambata, Mr.Uday Shankar, Mr.Uday Kotak, Mr.Uday Khanna, Mr.Prakash Apte, Mr.K V S Manian, Mr.Gaurang Shah, Mr.Dipak Gupta, Prof.S Mahendra Dev. It has Walker Chandiok & Co. LLP as its auditoRs As on 30-09-2020, the company has a total of 1,979,207,809 shares outstanding. Show More

Kotak Mahindra Bank Ltd. share price moved down by -1.52% from its previous close of Rs 1,892.65. Kotak Mahindra Bank Ltd. stock last traded price is 1,863.90

Kotak Mahindra Bank Ltd. share price moved down by -1.55% from its previous close of Rs 1,892.85. Kotak Mahindra Bank Ltd. stock last traded price is 1,863.60

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