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
Kotak Mahindra Bank Ltd.
- Open1,894.20
- High1,904.00
- Low1,854.05
- Prev Close1,892.65
- Volume27,15,164
- VWAP(₹)1,868.23
Insights
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
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Key Metrics
- 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
Returns
- 1 Day-1.52%
- 1 Month-4.47%
- 3 Months42.33%
- 1 Year11.24%
- 3 Years79.51%
- 5 Years175.89%
Kotak Bank News & Analysis
Six out of 10 most valued firms add over Rs 1.13 lakh cr in cumulative m-cap
NewsEmbassy REIT announces raises Rs 2,600 crore NCD
NewsAnnouncement under Regulation 30 (LODR)-Newspaper Publication
AnnouncementsBoard Meeting Intimation for Unaudited Standalone And Unaudited Consolidated Financia..
Announcements
Financials
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)
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 All figures in Rs Cr, unless mentioned otherwise
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 All figures in Rs Cr, unless mentioned otherwise
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 All figures in Rs Cr, unless mentioned otherwise
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
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Technicals
No Data Available
- 47%Positive Movement
since 1st Jan 2005
on basis53%Negative Movement
since 1st Jan 2005
on basisExcludeGlobal Meltdown1st Jan 2008 to 10th Nov 2008
Covid Crisis1st Feb 2020 to 31st Mar 2020
R1 1893.92 Pivot 1873.98
S1 1843.97 R2 1923.93 S2 1824.03 R3 1973.88 S3 1774.08 5 Days 14 Days 28 Days 38.10 39.68 43.05
Peers
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)
- 1D
- 1W
- 1M
- 3M
- 6M
- 1Y
- 5Y
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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)
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Mutual Funds Ownership
MF Ownership as on 31 December 2020
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)
1,829.86
Amount Invested (in Cr.)
6.73%
% of AUM
0.00
% Change (MoM basis)
Futures & Options
- Expiry Month
Date Price 27-09-2020Current
1,871.30-30.65 (-1.61%)
1,898.90Open1,911.40High1,858.25Low1,901.95Prev Close11,712Contracts Traded87,928.63Turnover (₹ Lakhs)- Type
- Expiry Month
- Strike Price
Date Price 27-09-2020Current
980.000.00 (0.00%)
0.00Open0.00High0.00Low980.00Close0Contracts Traded0.00Turnover (₹ Lakhs)
Top Searches
Corporate Actions
Board Meeting
Quarterly Results
Oct 19, 2020
Board Meeting
Quarterly Results
Jul 22, 2020
General Meeting
-
Jul 10, 2020
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 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% 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 Announced on Ex-Date May 11, 2010 Sep 13, 2010 Split: Old FV10.0| New FV:5.0 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 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
About
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.
About Kotak Bank
Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 368829.35 Crore). Show More
Industry
Key Indices Listed On
Nifty 50, S&P BSE Sensex, Nifty Bank, Nifty 100, Nifty 200
Address
27 BKC,C-27, G-Block,Mumbai, Maharashtra - 400051
Executive Leadership
Bina Chandarana
Sr. Exe.Vice President & Co. SecretaryBina Chandarana
SecretaryC Jayaram
DirectorDipak Gupta
Joint Managing DirectorAuditors
Kotak Bank Share Price Update
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
Share Price | Value |
---|---|
Today/Current/Last | 1,863.90 |
Previous Day | 1,892.65 |
Trending in Markets
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