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RESEARCH REPORT ON KOTAK MAHINDRA BANK LIMITED
Kotak Mahindra Bank Limited is an India-based bank. The Bank provides a range of banking services to its customers encompassing retail banking, treasury and corporate banking in India and also has a representative office in Dubai. Its segments include Corporate / Wholesale Banking, Retail Banking, Treasury, BMU and Corporate Centre, and Other Banking business. The Corporate / Wholesale Banking segment includes wholesale borrowings and lending’s and other related services to the corporate sector, which are not included under retail banking. The Retail Banking segment includes lending, branch banking and credit cards. The Treasury, BMU and Corporate Centre segment includes money market, forex market, derivatives, investments and primary dealership of government securities and balance sheet management unit (BMU) for asset liability management and corporate center, which primarily consists of support functions. The Other Banking business segment includes other businesses.
COMPANY PROFILE
Kotak Mahindra Bank
Type Public
Traded as
• BSE: 500247
• NSE: KOTAKBANK
• BSE SENSEX Constituent
• NSE NIFTY 50 Constituent
ISIN
INE237A01028
Industry Financial services
Founded 1985; 38 years ago
Founders Uday Kotak
Headquarters Mumbai, Maharashtra, India
Key people Uday Kotak
(Chairman, MD & CEO)
Products Banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management, asset management
Revenue ₹67,981.02 crore (US$8.5 billion) (2023)
Operating income
₹20,085.86 crore (US$2.5 billion) (2023)
Net income
₹14,925.01 crore (US$1.9 billion) (2023)
Total assets
₹620,429.73 crore (US$78 billion) (2023)
Total equity
₹112,314.40 crore (US$14 billion) (2023)
Number of employees 71000 (2021)
Subsidiaries
• Kotak Mahindra General Insurance
• Kotak Life Insurance
• Kotak Mahindra AMC
• Kotak Securities
• Kotak Mahindra Prime
Website www.kotak.com
FUNDAMENTALS
SHAREHOLDING
FINANCIALS
REVENUE
NET PROFIT
EPS
BVPS
ROE
NIM
TECHNICAL ANALYSIS
BUY KOTAK BANK AT 1934 TGT 2100, 2200 SL 1750 (1-3 MONTHS)
• On Classic Moving Average Scale Kotak Mahindra Bank shows a 1,926.12 for 20 – DMA, 1,813.82 for 50-DMA and 1,795.54 for 100-DMA. On Exponential Moving Average Scale Kotak Mahindra Bank shows a 1,916.40 for 20 – DMA, 1,855.42 for 50-DMA and 1,829.18 for 100-DMA.
• Higher than Industry Revenue Growth
A higher-than-industry revenue growth represents increased potential for the company to increase their market share
Over the last 5 years, revenue has grown at a yearly rate of 11.68%, vs industry avg of 10.26%
• Increasing Market Share
Market share is the percentage of an industry’s total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors
Over the last 5 years, market share increased from 8.44% to 9.07%
• Higher than Industry Net Income
Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is
Over the last 5 years, net income has grown at a yearly rate of 19.6%, vs industry avg of 17.6%
• Based on the rationale, the stock is looking positive. It can be accumulated at 1934 with a stop loss of 1750 on a closing basis. On the higher side, the stock has potential up to 2200 level in the next 1-3 months.
RATIO ANALYSIS
Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the Intermediary or provides any assurance of returns to investors.
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