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SME Scorecard · KOTAKBANK · as of Mar 2026

Kotak Mahindra Bank Ltd

Price
₹440
+1.88% · as of 07 Oct, 3:15 pm
Market cap
₹4,39,164 Cr
latest
P / E
21.9
trailing
52-week
345 – 453
low – high
Run the valuation reportFull data page
C
51/100
10 of 19 signals scored
Five pillars

Every signal, with the figure it came from.

Growth
weight 25
43
  1. Revenue CAGR, 3y
    ₹42,151 Cr (Mar 2023) → ₹69,781 Cr (Mar 2026).
    18.3%
    73
    Good
  2. Profit CAGR, 3y
    Net profit ₹14,925 Cr (Mar 2023) → ₹19,288 Cr (Mar 2026).
    8.9%
    36
    Watch
  3. Latest quarter revenue YoY
    Jun 2026: ₹18,355 Cr vs Jun 2025: ₹17,248 Cr.
    6.4%
    21
    Watch
Profitability
weight 25
46
  1. Return on equity
    Top-ratio ROE.
    11.4%
    46
    Watch
  2. Return on capital employed
    Not meaningful for a lender, whose capital employed is mostly deposits and borrowings. Not scored.
    —
    —
    Not scored
  3. Financing margin
    The financing margin (revenue less interest and opex) is not comparable to an operating margin. Not scored.
    —
    —
    Not scored
  4. Margin trend
    Not scored for a lender; see the note on financing margin.
    —
    —
    Not scored
Balance sheet
weight 20
—
  1. Debt to equity
    Lender: borrowings are funding and interest is the cost of funds, so this ratio is not meaningful. Not scored.
    —
    —
    Not scored
  2. Interest cover
    Lender: borrowings are funding and interest is the cost of funds, so this ratio is not meaningful. Not scored.
    —
    —
    Not scored
  3. Debt growth vs revenue growth
    Lender: borrowings are funding and interest is the cost of funds, so this ratio is not meaningful. Not scored.
    —
    —
    Not scored
Cash conversion
weight 15
67
  1. Cash from operations ÷ profit, 3 FY
    CFO ₹74,328 Cr ÷ net profit ₹59,627 Cr, cumulative.
    1.2×
    100
    Good
  2. Free-cash-flow-positive years of 3
    Mar 2026: ₹40,690 Cr · Mar 2025: ₹15,768 Cr · Mar 2024: ₹14,593 Cr
    3 of 3
    100
    Good
  3. Debtor days
    Debtor days not reported for this company.
    —
    —
    Not scored
  4. Accounting flags
    earnings lean on other income; working-capital days rising.
    2 flags
    0
    Flag
Governance
weight 15
55
  1. Promoter holding
    Quarter ended Jun 2026.
    25.87%
    15
    Flag
  2. Promoter holding change
    25.92% (Sep 2023) → 25.87% (Jun 2026).
    -0.1 pp
    49
    Good
  3. Promoter pledge
    A pledge is only reported when one exists; none listed here, but this is not confirmation of zero.
    —
    —
    Not scored
  4. Institutional holding
    FII 25.21% + DII 37.71%, Jun 2026.
    62.92%
    100
    Good
  5. Auditor & related-party flags
    Not in the source data. Not scored; read the annual report.
    —
    —
    Not scored
Four lenses

The same card, read for each segment.

Pre-listing01
Founders benchmarking an issue

Benchmarking a listing against Kotak Mahindra Bank: the market pays 21.9× earnings for 18.3% revenue CAGR over 3 years, with promoters holding 25.87%.

Retail02
Two numbers and the flags

Grade C (51/100). ROE 11.4% is the number to remember. Watch: Promoter holding 25.87%; Profit CAGR 8.9%; Latest quarter revenue YoY 6.4%. Price sits 88% of the way up its 52-week range.

HNI03
Float and position sizing

Float check: promoters 25.87%, institutions 62.92%, public 11.20% across 7,84,727 shareholders on a ₹4,39,164 Cr market cap. Leverage and cash items to size for: Accounting flags 2 flags.

Institutional04
Diligence priorities

Diligence priorities: Accounting flags 2 flags; Promoter holding 25.87%. Auditor changes, related-party dealings and contingent liabilities are not scored here and need the filings.

How this score is built

Arithmetic, not opinion.

Five pillars, weighted Growth 25, Profitability 25, Balance sheet 20, Cash conversion 15, Governance 15. Each pillar is the plain average of its scored signals; the overall is the weighted average of scored pillars, renormalised when a pillar has nothing to score. Grades: A at 75 or above, B at 60, C at 45, D below.

Each signal maps a reported figure to 0–100 on a straight ramp between two anchors (for example ROE 0% → 0, 25% → 100) or, for trends, 50 ± a fixed amount per percentage point. There is no model, no weighting by sector, and no judgement call in the arithmetic.

Inputs are the reported tables: annual profit and loss, balance sheet, cash flow, ratios and the quarterly shareholding pattern. A promoter pledge is scored only when one is reported, so “not scored” there is not a clean bill. Auditor changes, related-party dealings and contingent liabilities are never in the input and are listed as not scored so the gap is visible. Banks and NBFCs use a different P&L layout, so several signals will show as not scored. Informational only — not investment advice.

General disclaimer

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The report is based on information obtained from public and other sources believed reliable, but BCAPL makes no representation as to its accuracy or completeness. Opinions, estimates, target prices and projections are as of the report date, rest on stated assumptions, and are subject to change without notice. They are not assurances of returns. Any investment made on the basis of this report is subject to market risk, and there is no recourse to claim losses incurred on such investments. Past performance is not indicative of future results.

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