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Kotak Mahindra Bank Limited KOTAKBANK.NS

IN · National Stock Exchange of India · XNSE · stock · Financial Services · website

Kotak Mahindra Bank Limited statistics & valuation

Market cap₹3.89T
P / E20.2×
P / S5.1×
P / B2.1×
P / FCF9.6×
Net margin25.4%
FCF margin53.7%
Net cash₹80.9B
Enterprise value USD$40.0B
Graham number -27.9%₹281.94

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹281.94); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
28.80% 26.10% 29.10% 25.40% 2023202420252026
Gross margin (%)
2023202420252026
Operating margin (%)
2023202420252026
Return on equity (%)
13.30% 14.00% 14.00% 10.60% 2023202420252026
Shares outstanding
9.95B 9.95B 9.95B 9.95B 2023202420252026
Net debt (₹)
₹48.64B ₹66.45B ₹56.38B -₹80.89B 2023202420252026
Share buybacks (₹)
₹0 ₹5.00B ₹0 2023202420252026
Return on assets (%)
2.40% 2.40% 2.50% 1.90% 2023202420252026
Free cash flow margin (%)
-4.30% 20.90% 20.70% 53.70% 2023202420252026
Debt / equity (×)
0.47× 0.58× 0.55× 0.53× 2023202420252026
EPS (₹)
₹14.99 ₹18.29 ₹22.26 ₹19.39 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Kotak Mahindra Bank Limited trades at about 20.2× earnings — near its 10-year norm (10-year range 17.8×–25.9×, median 19.8×).

17.8× 25.9×

Shaded band = 10-year range (17.8×–25.9×); dot = today's 20.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Net margin25.4%29.1%26.1%28.8%
FCF margin53.7%20.7%20.9%-4.3%
Return on assets1.9%2.5%2.4%2.4%
Return on equity10.6%14.0%14.0%13.3%

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.