Financial Ratios Kotak Mahindra Bank Limited

Equities

KOTAKBANK

INE237A01028

Banks

Market Closed - Bombay S.E. Other stock markets 06:12:05 2024-09-06 am EDT			5-day change	1st Jan Change
1,763.90 ^INR	-0.80%		-0.97%	-7.56%

Sep. 02	Gains in IT, FMCG Stocks Lift Indian Equities to End Higher on Monday	MT
Aug. 29	Kotak Mahindra Bank Limited Receives an Order from the Office of the Assistant Commissioner, Central Goods & Service Tax, Noida, Uttar Pradesh	CI

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Published financial data: KOTAK MAHINDRA BANK LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Interest Income On Loans	335B	328B	337B	422B	562B
Interest Income, Total	335B	328B	337B	422B	562B
Interest On Deposits	159B	130B	116B	144B	226B
Interest Expense, Total	159B	130B	116B	144B	226B
Net Interest Income	176B	199B	222B	277B	337B
Gain (Loss) on Sale of Assets	294M	387M	264M	108M	71.38M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-6.57B	53.8B	15.81B	-5.01B	74.17B
Total Other Non Interest Income	175B	186B	237B	265B	306B
Non Interest Income, Total	169B	240B	253B	260B	380B
Revenues Before Provison For Loan Losses	345B	438B	475B	537B	717B
Provision For Loan Losses	25.58B	32.6B	7.72B	6.11B	20.99B
Total Revenues	319B	406B	467B	531B	696B
Salaries And Other Employee Benefits	57.53B	58.54B	71.41B	84.79B	103B
Stock-Based Compensation (IS)	27.69M	18.22M	-	-	-
Occupancy Expense	18.14B	18.81B	21.04B	27.42B	32B
Selling General & Admin Expenses, Total	20.37B	17.08B	23.73B	19.31B	23.86B
(Income) Loss on Equity Invest.	137M	-873M	-1.58B	-1.45B	-2.36B
Total Other Non Interest Expense	109B	180B	192B	205B	299B
Non Interest Expense, Total	205B	273B	306B	335B	456B
EBT, Excl. Unusual Items	114B	133B	161B	196B	240B
Other Unusual Items	-	-	-	1.71B	1.26B
EBT, Incl. Unusual Items	114B	133B	161B	198B	241B
Income Tax Expense	28.15B	32.65B	40.16B	48.66B	58.87B
Earnings From Continuing Operations	85.93B	99.9B	121B	149B	182B
Net Income to Company	85.93B	99.9B	121B	149B	182B
Minority Interest	-	-	-	-	-
Net Income - (IS)	85.93B	99.9B	121B	149B	182B
Preferred Dividend and Other Adjustments	488M	405M	405M	405M	385M
Net Income to Common Incl Extra Items	85.45B	99.5B	120B	149B	182B
Net Income to Common Excl. Extra Items	85.45B	99.5B	120B	149B	182B
Per Share Items
Net EPS - Basic	44.73	50.53	60.76	74.96	91.45
Basic EPS - Continuing Operations	44.73	50.53	60.76	74.96	91.45
Basic Weighted Average Shares Outstanding	1.91B	1.97B	1.98B	1.99B	1.99B
Net EPS - Diluted	44.68	50.49	60.73	74.94	91.45
Diluted EPS - Continuing Operations	44.68	50.49	60.73	74.94	91.45
Diluted Weighted Average Shares Outstanding	1.91B	1.97B	1.98B	1.99B	1.99B
Normalized Basic EPS	37.33	42.08	50.76	61.75	75.39
Normalized Diluted EPS	37.29	42.05	50.74	61.74	75.39
Dividend Per Share	-	0.9	1.1	1.5	2
Payout Ratio	2.25	0.41	1.81	1.73	1.85
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	24.67	24.63	24.94	24.59	24.43
Current Domestic Taxes	29.59B	35.4B	39.03B	48.43B	58.85B
Total Current Taxes	29.59B	35.4B	39.03B	48.43B	58.85B
Deferred Domestic Taxes	-1.44B	-2.75B	1.14B	228M	12.4M
Total Deferred Taxes	-1.44B	-2.75B	1.14B	228M	12.4M
Normalized Net Income	71.3B	82.85B	101B	123B	150B
Non-Cash Pension Expense	6.15B	2.76B	1.23B	656M	1.31B
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	27.69M	18.22M	314M	456M	449M
Total Stock-Based Compensation	27.69M	18.22M	314M	456M	449M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	563B	367B	384B	248B	309B
Investment Securities, Total	1,112B	1,569B	1,701B	1,999B	2,497B
Total investments	1,112B	1,569B	1,701B	1,999B	2,497B
Gross Loans	2,499B	2,522B	3,045B	3,591B	4,304B
Net Loans	2,499B	2,522B	3,045B	3,591B	4,304B
Gross Property Plant And Equipment	45B	46.39B	50.6B	55.83B	64.02B
Accumulated Depreciation	-26.39B	-28.98B	-31.51B	-33.22B	-38.39B
Net Property Plant And Equipment	18.61B	17.4B	19.1B	22.61B	25.63B
Goodwill	8.14B	8.14B	8.14B	8.14B	9.48B
Accrued Interest Receivable	38.87B	43.42B	46.22B	53.86B	62.25B
Other Receivables	13.43M	8.02M	8.06M	6.33M	-
Restricted Cash	77.83B	110B	143B	181B	343B
Other Current Assets, Total	401M	256M	206M	1.07B	2.63B
Deferred Tax Assets Long-Term (Collected)	4.67B	7.41B	6.28B	6.05B	6.32B
Other Real Estate Owned And Foreclosed	-	-	-	-	-
Other Long-Term Assets, Total	109B	144B	113B	93.41B	118B
Total Assets	4,432B	4,789B	5,465B	6,204B	7,677B
Liabilities
Interest Bearing Deposits	2,183B	2,274B	2,466B	2,924B	3,718B
Non-Interest Bearing Deposits	421B	514B	635B	689B	734B
Total Deposits	2,604B	2,789B	3,101B	3,613B	4,453B
Long-Term Debt	656B	477B	551B	570B	751B
Current Income Taxes Payable	2.29B	5.29B	6.82B	8.46B	8.78B
Accrued Interest Payable	16.88B	14.08B	8.88B	15.56B	30.32B
Other Current Liabilities - (Bank / Utility Template)	10.13B	23.97B	33.09B	30.88B	36.05B
Pension & Other Post Retirement Benefits	609M	79.8M	104M	372M	140M
Deferred Tax Liability Non-Current	1.64B	1.9B	2.18B	-	-
Other Non Current Liabilities	469B	629B	790B	843B	1,098B
Total Liabilities	3,760B	3,940B	4,493B	5,081B	6,377B
Preferred Stock Non Redeemable	5B	5B	5B	5B	-
Total Preferred Equity	5B	5B	5B	5B	-
Common Stock, Total	9.57B	9.91B	9.92B	9.93B	9.94B
Additional Paid In Capital	169B	247B	250B	253B	255B
Retained Earnings	478B	578B	696B	843B	1,017B
Comprehensive Income and Other	9.43B	9.12B	10.23B	12.39B	17.9B
Total Common Equity	666B	843B	967B	1,118B	1,300B
Minority Interest	-	-	-	-	-
Total Equity	671B	848B	972B	1,123B	1,300B
Total Liabilities And Equity	4,432B	4,789B	5,465B	6,204B	7,677B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.91B	1.98B	1.98B	1.99B	1.99B
ECS Total Common Shares Outstanding	1.91B	1.98B	1.98B	1.99B	1.99B
Book Value / Share	348.33	425.56	487.06	562.86	653.81
Tangible Book Value	658B	835B	959B	1,110B	1,290B
Tangible Book Value Per Share	344.08	421.45	482.96	558.76	649.04
Average Assets	-	-	-	-	-
Average Loans	-	-	-	-	-
Total Debt	656B	477B	551B	570B	751B
Deposits at Interest - Cash	533B	333B	311B	200B	406B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.47B	-291M	-972M	766M	1.89B
Net Debt	92.8B	111B	112B	276B	409B
Equity Method Investments, Total	10.66B	11.53B	13.08B	14.52B	16.88B
Full Time Employees	71K	73K	90K	103K	116K
Number Of Offices	-	1.6K	1.7K	1.78K	1.95K

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	85.93B	99.9B	121B	149B	182B
Depreciation, Depletion & Amortization	4.65B	4.61B	4.8B	5.99B	7.92B
Total Depreciation, Depletion & Amortization	4.65B	4.61B	4.8B	5.99B	7.92B
(Gain) Loss On Sale of Asset - (CF)	-294M	-387M	-264M	-108M	-71.38M
(Gain) Loss on Sale of Investments - (CF)	11.52B	-45.73B	-10.99B	10.6B	-70.72B
Provision for Credit Losses	23.77B	28.8B	8.51B	4.58B	18.98B
Stock-Based Compensation (CF)	27.69M	18.22M	314M	456M	449M
Change in Other Net Operating Assets (Collected)	-14.8B	-223B	-352B	-695B	-818B
Other Operating Activities	-378M	-479M	1.15B	-442M	-3.87B
Cash from Operations	110B	-136B	-228B	-524B	-683B
Capital Expenditure	-4.53B	-3.69B	-6.7B	-9.87B	-11.27B
Sale of Property, Plant, and Equipment	399M	684M	364M	261M	346M
Cash Acquisitions	-	-	-	-	-5.32B
Investment in Marketable and Equity Securities, Total	-128B	-108B	-105B	-95.9B	-74.73B
Other Investing Activities, Total	350	-	-	-	-
Cash from Investing	-132B	-111B	-111B	-106B	-90.97B
Long-Term Debt Issued, Total	-	-	74.09B	18.74B	162B
Total Debt Issued	-	-	74.09B	18.74B	162B
Long-Term Debt Repaid, Total	-8.62B	-178B	-	-	-
Total Debt Repaid	-8.62B	-178B	-	-	-
Issuance of Common Stock	3.61B	78.44B	3.59B	2.68B	1.99B
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-5B
Common Dividends Paid	-1.93B	-	-	-	-
Preferred Dividends Paid	-	-405M	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-2.19B	-2.59B	-3.37B
Common & Preferred Stock Dividends Paid	-1.93B	-405M	-2.19B	-2.59B	-3.37B
Net Increase (Decrease) in Deposit Accounts - (CF)	356B	185B	312B	512B	840B
Other Financing Activities, Total	-401M	-375M	-533K	-	-
Cash from Financing	348B	83.99B	388B	531B	995B
Foreign Exchange Rate Adjustments	1.3B	-562M	664M	1.69B	365M
Miscellaneous Cash Flow Adjustments	-350	-	-	-	1.41B
Net Change in Cash	328B	-164B	49.49B	-97.4B	223B
Supplemental Items
Cash Interest Paid	652M	1.7B	1.31B	606M	393M
Cash Income Tax Paid (Refund)	29.06B	32.26B	37.44B	47.65B	60.38B
Net Debt Issued / Repaid	-8.62B	-178B	74.09B	18.74B	162B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.05	2.17	2.36	2.56	2.62
Return On Equity %	13.7	13.15	13.28	14.25	15.03
Return on Common Equity	13.74	13.18	13.31	14.28	15.03
Shareholders Value Added	11.28B	9.32B	12.29B	24.16B	37.06B
Margin Analysis
SG&A Margin	30.83	24.06	25.63	25.5	23.57
Net Interest Income / Total Revenues %	55.08	48.91	47.48	52.22	48.37
EBT Excl. Non-Recurring Items Margin %	35.75	32.66	34.47	36.93	34.44
Income From Continuing Operations Margin %	26.93	24.61	25.87	28.1	26.17
Net Income Margin %	26.93	24.61	25.87	28.1	26.17
Net Avail. For Common Margin %	26.78	24.51	25.79	28.02	26.11
Normalized Net Income Margin	22.35	20.41	21.54	23.08	21.53
Asset quality
Nonperforming Loans / Total Loans %	2.01	3.28	2.41	1.79	1.39
Nonperforming Loans / Total Assets %	1.13	1.73	1.34	1.03	0.78
Nonperforming Assets / Total Assets %	1.13	1.73	1.34	1.03	0.78
NPAs / Loans and OREO	2.01	3.28	2.41	1.79	1.39
NPAs / Equity	7.49	9.75	7.55	5.72	4.62
Net Charge-offs / Total Average Loans %	-	-	-	-	-
Provision for Loan Losses / Net Charge-offs %	-	644.51	74.99	132.73	118.12
Earning Assets / IBL	-	-	-	-	-
Interest Income / Average Assets	-	-	-	-	-
Interest Expense / Average Assets	-	-	-	-	-
Net Interest Income / Average Assets	-	-	-	-	-
Non Interest Income / Average Assets	-	-	-	-	-
Non Interest Expense / Average Asset	-	-	-	-	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	14.84	16.37	17.65	17.87	17.42
Total Average Equity / Total Average Assets %	14.96	16.48	17.75	17.95	17.45
Total Equity + Allowance for Loan Losses / Total Loans %	26.87	33.64	31.91	31.28	30.2
Gross Loans / Total Deposits %	95.96	90.43	98.19	99.4	96.65
Net Loans / Total Deposits %	95.96	90.43	98.19	99.4	96.65
Tier 1 Capital Ratio %	-	22.65	-	-	-
Total Capital Ratio %	-	23.39	23.7	23.25	21.82
Core Tier 1 Capital Ratio	-	-	-	22.27	20.72
Tier 2 Capital Ratio	-	-	-	-	-
Interbank Ratio	25.72	32.07	37.15	75.46	37.49
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.72	2.02	2.39	2.37	2.07
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	20	12.97	11.76	25.03	21.38
Non Interest Income, 1 Yr. Growth %	4.61	42.05	7.3	4.21	46.35
Provision For Loan Losses, 1 Yr. Growth %	144.71	27.43	-72.95	-61.98	243.69
Total Revenues, 1 Yr. Growth %	7.26	27.21	15.12	16.69	31.04
Earnings From Cont. Operations, 1 Yr. Growth %	19.28	16.25	21.01	23.46	22.03
Net Income, 1 Yr. Growth %	19.28	16.25	21.01	23.46	22.03
Normalized Net Income, 1 Yr. Growth %