Banking · NSE/BSE: KOTAKBANK

Kotak Mahindra Bank

Market Cap ₹4.00L Cr
Verdict: Watchlist

Quality Scores

Multi-Bagger
72/100
Compounder Quality
86/100
Management Credibility
80/100
Governance
88/100
Cash Flow Quality
95/100

AI Summary

Kotak Mahindra Bank is India's 4th largest private lender, demonstrating a decade of superior compounded profit growth of 19%. The bank maintains a fortress balance sheet with exceptionally low Net NPA (0.36%) and a high CASA ratio historically, though it faces recent NIM compression and regulatory headwinds. While the subsidiary ecosystem (Securities, AMC, Life Insurance) provides diversified revenue streams, the transition from founder-led to professional management is currently being tested. Recent quarters show a deceleration in profit growth (-14% TTM) alongside rising operating…

Top Opportunities

  • Consistent 10Y PAT CAGR of 19%
  • CASA ratio remains healthy (industry benchmark)
  • Strong market share in Securities (11.8%)

Top Risks

  • Massive Contingent Liabilities exceeding Rs 11 Lakh Crore
  • Recent drop in ROE to 11% in Mar 2026 forecast
  • Substantial 'Other Income' component in earnings

Latest report: Read the annual report summary →

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