Kotak Mahindra Bank Limited (KOTAKBANK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kotak Mahindra Bank Limited stock ₹172, price ₹480, that is 64.2% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Kotak Mahindra Bank Limited
KOTAKBANK · NSEOur calculation puts a fair price 64% below what the stock costs today.
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What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹308.83 – ₹480.00 · fair‑value band ₹155.46 – ₹221.19 · the ₹480.00 price screens above the ₹171.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Kotak Mahindra Bank Limited provides a range of banking and financial services to corporate and individual customers in India.
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It operates through Treasury, BMU, and Corporate Centre; Retail Banking; Corporate/Wholesale Banking; Vehicle Financing; Other Lending Activities; Broking; Advisory and Transactional Services; Asset Management; and Insurance segments.
The company offers savings, current, retail institution, corporate, and salary accounts; NRE and NRO fixed deposits and foreign currency nonresident deposits; home, personal, business, payday, gold, education, two-wheeler, commercial vehicle and equipment, home improvement, car, business, and crop loans, as well as loans against securities and properties; smart EMI services; bill payment, fund transfer, FASTag, taxes, loan/utility payment, forex and remittance, and wearable payments; working capital solutions; and forex, credit, and debit card services.
It also provides investment products; life, vehicle, property, health, car, and two-wheeler insurance; domestic and international trade; international export and import; bank guarantee, letter of credit, and export credit; cash management and trade and supply chain finance; and private banking services.
In addition, the company offers demat accounts, mutual funds, and portfolio investment schemes; and wire transfer, click2remit, and remittance exchange house services. Kotak Mahindra Bank Limited was incorporated in 1985 and is headquartered in Mumbai, India.
Stock analysis
Kotak Mahindra Bank Limited (KOTAKBANK) currently trades at ₹480.00, while our model-based Fair Value estimate is ₹171.84, 64% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹252.89 per share, and 0 of the 6 models we run sit above the ₹480.00 price.
Bear case: the Asset-Based group reads lowest at ₹121.42, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹155.46 (bear) to ₹221.19 (bull), the price of ₹480.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kotak Mahindra Bank Limited reported revenue of ₹1.1T in FY2026 versus ₹575B in FY2022, a compound +17.0%/yr. Reported net income was ₹193B in FY2026, compounding +12.4%/yr from FY2022.
Key figures
Market cap ₹4.8T (≈ $50.8B) Large · P/E ratio 22.2 · P/S ratio 6.39 · EPS (TTM) ₹21.58 · Dividend yield 0.1% · Net margin 28.7% · Return on equity 11.8% · Return on assets (EBIT) 2.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −64%, KOTAKBANK screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
KOTAKBANK screens overvalued: fair value 64% below the price. Compare with China Merchants Bank Co →
Compare Kotak Mahindra Bank Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs KOTAKBANK |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs KOTAKBANK |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs KOTAKBANK |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs KOTAKBANK |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs KOTAKBANK |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs KOTAKBANK |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs KOTAKBANK |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs KOTAKBANK |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs KOTAKBANK |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs KOTAKBANK |
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Frequently asked questions
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Key figures of Kotak Mahindra Bank Limited
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