Financials Kotak Mahindra Bank Limited

Equities

KOTAKBANK

INE237A01028

Banks

Market Closed - Bombay S.E. Other stock markets 06:00:59 2024-09-16 am EDT			5-day change	1st Jan Change
1,832.20 ^INR	+0.65%		+3.87%	-3.98%

09:25am	Kotak Mahindra Bank Limited Announces Retirement of Uday Khanna as Independent Director, Effective September 15, 2024	CI
Sep. 12	Kotak Mahindra Bank Limited Announces Management Appointments	CI

Projected Income Statement: Kotak Mahindra Bank Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	188,718	207,988	231,723	286,350	362,663	415,412	472,476	551,335
Change	-	10.21%	11.41%	23.57%	26.65%	14.54%	13.74%	16.69%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	100,208	122,147	120,509	148,480	195,874	221,678	246,188	285,492
Change	-	21.89%	-1.34%	23.21%	31.92%	13.17%	11.06%	15.97%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	78,047	93,030	113,613	143,910	180,137	203,812	215,063	242,518
Change	-	19.2%	22.13%	26.67%	25.17%	13.14%	5.52%	12.77%
Net income ¹	59,472	69,648	85,727	109,393	137,816	159,939	161,508	181,952
Change	-	17.11%	23.09%	27.61%	25.98%	16.05%	0.98%	12.66%
Announcement Date	5/13/20	5/3/21	5/4/22	4/29/23	5/4/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	44,778	45,740	47,710	50,490	44,974	53,652	53,412	57,923	55,247	58,332	56,980	63,477	59,408	70,536	77,529	82,888	89,170	86,112	88,505	98,876	97,714	99,407	104,362	108,598
Change	-	2.15%	4.31%	5.83%	-10.93%	19.3%	-0.45%	8.45%	-4.62%	5.58%	-2.32%	11.4%	-6.41%	18.73%	9.91%	6.91%	7.58%	-3.43%	2.78%	11.72%	-1.18%	0.37%	4.98%	4.06%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	23,989	25,086	23,881	27,253	26,237	32,975	30,833	34,075	31,211	31,202	27,010	33,399	27,833	35,675	38,498	46,474	49,496	46,101	45,662	54,616	52,541	53,700	54,600	56,900
Change	-	4.57%	-4.8%	14.12%	-3.73%	25.68%	-6.49%	10.51%	-8.41%	-0.03%	-13.43%	23.65%	-16.67%	28.18%	7.91%	20.72%	6.5%	-6.86%	-0.95%	19.61%	-3.8%	-7.79%	1.68%	4.21%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	20,822	21,006	19,441	16,778	16,617	29,289	24,843	22,281	21,863	26,962	28,327	36,461	27,597	34,305	37,010	44,998	45,853	42,436	39,871	51,978	81,955	46,453	47,328	45,862
Change	-	0.89%	-7.45%	-13.7%	-0.96%	76.26%	-15.18%	-10.31%	-1.88%	23.32%	5.07%	28.71%	-24.31%	24.31%	7.89%	21.58%	1.9%	-7.45%	-6.04%	30.37%	57.67%	-9.39%	1.88%	-3.1%
Net income ¹	13,602	17,245	15,959	12,666	12,444	21,845	18,535	16,824	16,419	20,320	21,314	27,674	20,712	25,807	27,919	34,956	34,523	31,910	30,050	41,333	62,498	35,150	35,823	34,416
Change	-	26.78%	-7.46%	-20.63%	-1.75%	75.54%	-15.15%	-9.23%	-2.4%	23.76%	4.89%	29.84%	-25.16%	24.6%	8.18%	25.21%	-1.24%	-7.57%	-5.83%	37.55%	51.21%	-9.19%	1.91%	-3.93%
Announcement Date	7/22/19	10/22/19	1/20/20	5/13/20	7/27/20	10/26/20	1/25/21	5/3/21	7/26/21	10/26/21	1/28/22	5/4/22	7/23/22	10/22/22	1/21/23	4/29/23	7/22/23	10/21/23	1/20/24	5/4/24	7/20/24	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Kotak Mahindra Bank Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	5/13/20	5/3/21	5/4/22	4/29/23	5/4/24	-	-	-

Estimates

Cash Flow Forecast: Kotak Mahindra Bank Limited

Fiscal Period: March	2019	2020	2021	2022	2023	2024
CAPEX ¹	5,250	4,526	3,686	6,698	9,868	11,267
Change	-	-13.78%	-18.57%	81.71%	47.33%	14.18%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	6/21/19	5/25/20	7/29/21	7/27/22	7/14/23	7/12/24

¹INR in Million

Estimates

Forecast Financial Ratios: Kotak Mahindra Bank Limited

Fiscal Period: March	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	-	-	-	-	-	-
EBIT Margin (%)	-	53.1%	58.73%	52.01%	51.85%	54.01%	53.36%	52.11%	51.78%
EBT Margin (%)	-	41.36%	44.73%	49.03%	50.26%	49.67%	49.06%	45.52%	43.99%
Net margin (%)	-	31.51%	33.49%	37%	38.2%	38%	38.5%	34.18%	33%
FCF margin (%)	-	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-	-
Profitability
ROA	-	1.87%	1.85%	2.13%	2.47%	2.61%	2.45%	2.19%	2.06%
ROE	-	12.94%	12.35%	12.59%	14.03%	18.36%	15.3%	13.57%	13.53%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	0.9	1.1	1.5	2	2.424	2.605	3.071
Change	-	-	-	22.22%	36.36%	33.33%	21.21%	7.44%	17.92%
Book Value Per Share ¹	-	256.2	323.7	365.2	420.4	486.5	571.2	648.6	739.9
Change	-	-	26.31%	12.85%	15.11%	15.72%	17.41%	13.54%	14.07%
EPS ¹	-	30.84	35.14	43.01	54.87	69.15	80.95	80.66	92
Change	-	-	13.94%	22.4%	27.57%	26.03%	17.07%	-0.36%	14.05%
Nbr of stocks (in thousands)	-	1,912,844	1,981,836	1,984,662	1,986,557	1,987,929	1,988,129	1,988,129	1,988,129
Announcement Date	-	5/13/20	5/3/21	5/4/22	4/29/23	5/4/24	-	-	-