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13 Jul 2025 |
Kotak Mahindra Bank
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Consensus Share Price Target
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2220.60 |
2335.34 |
- |
5.17 |
buy
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20 May 2025
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Kotak Mahindra Bank
|
Geojit BNP Paribas
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2220.60
|
2264.00
|
2090.10
(6.24%)
|
1.95 |
Hold
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The growth was modest in Q4FY25. However, a rebound is anticipated, driven by a pickup in consumer and unsecured lending, which is expected to boost overall yields. The current account portfolio of KMB has been expanding at a healthy rate and there has been a slight uptick in the current account savings account (CASA) ratio. Further, with the lifting of the ban on card issuance and relaunch of 811, customer acquisition is expected to resume, shielding yields from the impact of...
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05 May 2025
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Kotak Mahindra Bank
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ICICI Direct
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2220.60
|
2400.00
|
2084.90
(6.51%)
|
8.08 |
Buy
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05 May 2025
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Kotak Mahindra Bank
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Prabhudas Lilladhar
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2220.60
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2400.00
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2084.90
(6.51%)
|
8.08 |
Buy
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KMB saw a mixed quarter as core PPoP missed PLe by 4% though asset quality improved. Despite lifting of embargo and acquiring StanC's PL portfolio of Rs 33bn, loan growth was weak at 13.5% YoY (PLe 15.0%). NII was 3% lower owing to QoQ increase in balance sheet liquidity by Rs377bn leading to softer NIM at 4.5% for FY25 (PLe 4.67%). While we are factoring NIM decline of 10bps YoY in FY26E to 4.4%, levers for upgrade are (1) utilization of excess liquidity (2) faster growth in PL/CC and (3) reduction in fixed SA rate from 3.8%. Asset quality was...
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05 May 2025
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Kotak Mahindra Bank
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Axis Direct
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2220.60
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2460.00
|
2084.90
(6.51%)
|
10.78 |
Buy
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We maintain our BUY recommendation on the stock.
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05 May 2025
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Kotak Mahindra Bank
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BOB Capital Markets Ltd.
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2220.60
|
2520.00
|
2084.90
(6.51%)
|
13.48 |
Buy
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Healthy credit growth driven by secured segments; deposits growth led by healthy growth in CASA deposits
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04 May 2025
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Kotak Mahindra Bank
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Emkay
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2220.60
|
1950.00
|
2185.20
(1.62%)
|
12.19 |
Sell
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Kotak Mahindra Bank (KMB) reported in-line healthy PAT at Rs35.5bn/2.2% RoA, aided by higher other income and partly offset by higher provisions – such provisions were for further shoring-up PCR closer to that of large peers at 78% and AIF provisions (Rs1bn).
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04 May 2025
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Kotak Mahindra Bank
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Motilal Oswal
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2220.60
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2500.00
|
2185.20
(1.62%)
|
12.58 |
Buy
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Kotak Mahindra Bank (KMB) reported a standalone 4QFY25 PAT of ~INR35.5b (6% miss on MOFSLe), because of higher provisions (to shore up PCR, partly due to AIF provisions of INR560m). Consol. PAT stood at INR49b (5% QoQ growth and 8% YoY decline) in 4QFY25.
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03 May 2025
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Kotak Mahindra Bank
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Sharekhan
|
2220.60
|
2500.00
|
2185.20
(1.62%)
|
12.58 |
Buy
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Q4FY25 numbers were weak. NII, at Rs. 7,284 crore (marginally below estimates), grew by 5% y-o-y/1% q-o- q. Net interest margin (NIM) was broadly stable q-o-q, improved by 4 bps q-o-q to 4.97% benefiting from the lower day count in Q4 although outlook on NIMs remains negative.
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26 Mar 2025
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Kotak Mahindra Bank
|
Sharekhan
|
2220.60
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2500.00
|
2144.90
(3.53%)
|
12.58 |
Buy
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The bank is reasonably confident to deliver loan growth of 1.5-2.0x the nominal GDP growth and sustain RoA over ~2% in the near to medium term.
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04 Feb 2025
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Kotak Mahindra Bank
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Ventura
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2220.60
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2648.00
|
1928.50
(15.15%)
|
19.25 |
Buy
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Rising Above, Thriving Against All Odds
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20 Jan 2025
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Kotak Mahindra Bank
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Axis Direct
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2220.60
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2140.00
|
1920.50
(15.63%)
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Target met |
Buy
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We maintain our BUY recommendation on the stock.
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20 Jan 2025
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Kotak Mahindra Bank
|
BOB Capital Markets Ltd.
|
2220.60
|
2074.00
|
1920.50
(15.63%)
|
Target met |
Buy
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Healthy credit growth-driven broad-based growth; deposits too grew strong, while CASA remain muted
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19 Jan 2025
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Kotak Mahindra Bank
|
Motilal Oswal
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2220.60
|
2100.00
|
1758.60
(26.27%)
|
Target met |
Buy
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Kotak Mahindra Bank (KMB) reported a standalone PAT of ~INR33b (in line; 10% YoY growth). Consol. PAT stood at INR47b (10% YoY growth) in 3QFY25.
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19 Jan 2025
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Kotak Mahindra Bank
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Anand Rathi
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2220.60
|
2010.00
|
1758.60
(26.27%)
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Target met |
Buy
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Healthy loan growth and stable asset quality led to Kotak Mahindra Bank’s 4.1% q/q core PPOP growth. The faster than the system loan growth and greater operating efficiencies would drive a 2.2% RoA over FY25-27.
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18 Jan 2025
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Kotak Mahindra Bank
|
Sharekhan
|
2220.60
|
2100.00
|
1758.60
(26.27%)
|
Target met |
Buy
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Kotak Mahindra Bank reported stable performance on modest expectation in Q3FY25. NII at Rs. 7,196 crore (in line) grew by 10% y-o-y/3% q-o-q led by healthy loan growth and stable NIMs. Net interest margin (NIM) was broadly stable q-o-q, improved by 2 bps q-o-q to 4.93% mainly led by lower cost of funds (down 9 bps q-o-q) driven by reduction in SA rate and higher share of current accounts
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04 Nov 2024
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Kotak Mahindra Bank
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Axis Direct
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2220.60
|
1916.00
|
1729.35
(28.41%)
|
Target met |
Buy
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We recommend a BUY on the stock with a target price of Rs 1,916, implying an upside of 10% from the CMP.
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30 Oct 2024
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Kotak Mahindra Bank
|
Geojit BNP Paribas
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2220.60
|
1902.00
|
1734.60
(28.02%)
|
Target met |
Hold
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27 Oct 2024
|
Kotak Mahindra Bank
|
ICICI Direct
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2220.60
|
1810.00
|
1768.85
(25.54%)
|
Target met |
Hold
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21 Oct 2024
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Kotak Mahindra Bank
|
Axis Direct
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2220.60
|
2150.00
|
1789.20
(24.11%)
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Target met |
Buy
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We maintain our BUY rating on the stock.
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20 Oct 2024
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Kotak Mahindra Bank
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Emkay
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2220.60
|
1700.00
|
1871.05
(18.68%)
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Target met |
Sell
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Kotak Mahindra Bank (KMB) continued to report margin contraction (11bps QoQ to 4.9%) due to lower loan asset yields which was due to slower growth in unsecured loans.
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