Unclassified · NSE: KOTAKBANK
Kotak Mahindra Bank share analysis
Fair value, business quality, the case for and against, and the risks — computed by VestCall from reported data, updated 14 October 2026.
Kotak Mahindra Bank in one paragraph
Kotak Mahindra Bank (NSE: KOTAKBANK) was trading at ₹442.5 on 14 October 2026. VestCall scores its business health 58/100 (adequate). On valuation, the price sits in the “Fairly Valued” zone (₹431.14 – ₹442.93) — inside the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.
- Share price₹442.5
- Business health58/100
- Growth32/100
- Financial strength50/100
- Valuation2/100 · Fair
- Valuation zoneFairly Valued
- RiskMedium
Is Kotak Mahindra Bank overvalued or undervalued?
At ₹442.5, Kotak Mahindra Bank sits in VestCall’s “Fairly Valued” zone (₹431.14 – ₹442.93): inside the modelled fair-value range. Its valuation scores 2/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
| Valuation zone | Price band | What it means |
|---|---|---|
| Deeply Discounted | ₹399.12 – ₹422.2 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹422.2 – ₹431.14 | Below the modelled fair-value range |
| Fairly Valued (current) | ₹431.14 – ₹442.93 | Inside the modelled fair-value range |
| Valuation Premium | ₹442.93 and above | Above the modelled fair-value range |
The case for and against Kotak Mahindra Bank
What supports the case
- Business Quality · 74/100.
- Capital Allocation · 72/100.
- Shareholding Quality · 70/100.
What needs proof
- Growth · 39/100.
- Financial Strength · 50/100.
- Management Stability · 51/100.
Kotak Mahindra Bank key ratios
| Ratio | Kotak Mahindra Bank | Unclassified median |
|---|---|---|
| P/E | 24.16x | — |
| P/B | 0.37x | — |
| P/S | 0.47x | — |
| Return on equity (ROE) | 14.2% | — |
| Return on capital employed (ROCE) | 19.2% | — |
| Operating margin | 24.2% | — |
| Net margin | 17.8% | — |
Kotak Mahindra Bank growth
Growth scores 32/100, with a negative trend, measured Mar 2023 to Mar 2026.
| Measure | Reading |
|---|---|
| Revenue CAGR | 16.4% |
| Net profit CAGR | 9.1% |
| EPS CAGR | -36.3% |
| Revenue growth, latest year | 4.3% |
| Profit growth, latest year | -12.6% |
Kotak Mahindra Bank bull, base and bear case
Modelled annual return under three sets of stated assumptions over 5 years. These are model outputs, not a forecast or a promise of return.
| Scenario | Modelled CAGR | Weight | Assumption |
|---|---|---|---|
| Bear | −0.7% | 20% | Growth decelerates to 3.3% and the multiple de-rates toward the cohort's trough. |
| Base | +9.3% | 55% | Earnings compound near the measured 9.3% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +16.5% | 25% | Growth holds at 13% and the market pays the full premium the measured quality supports. |
Risks to watch in Kotak Mahindra Bank
| Review trigger | Current | Threshold | Status |
|---|---|---|---|
| Return on equity falls below the quality floor | 14.18% | below 15% | high · breached |
| Revenue growth falls below the thesis floor | 16.44% | below 8% | high · armed |
| Promoter holding drops materially | 25.87% | below 22.87%, 3 points under the Mar 2026 filing | high · armed |
| Price runs more than two sigma above its own trend | 442.5 | at or above 559.67 | medium · armed |
| Drawdown from the 52-week high exceeds tolerance | 0.58% | at or beyond 25% | low · armed |
| Leverage doubles from the level underwritten today | No leverage line in the balance sheet | unavailable | high · unmeasurable |
| Promoter pledge rises above tolerance | No pledge disclosed (the NSE filing for KOTAKBANK could not be read either (nse_session_unavailable)) | above 10% | high · unmeasurable |
| Valuation reaches the top of its own cohort | No cohort multiple to rank against | at or above the 95th percentile | medium · unmeasurable |
An armed trigger is watched and has not fired; a breached one has.
How Kotak Mahindra Bank shares have traded
| Measure | Reading |
|---|---|
| 52-week range | ₹353.4 – ₹445.1 |
| Distance from 52-week high | −0.6% |
| Return, 3 months | +16.9% |
| Return, 12 months | +3.1% |
| Trend | Sideways |
| Annualised volatility | 22.4% |
| Deepest drawdown, 2 years | −22.1% |
Questions about Kotak Mahindra Bank shares
Is Kotak Mahindra Bank overvalued or undervalued?
At ₹442.5, Kotak Mahindra Bank sits in VestCall’s “Fairly Valued” zone (₹431.14 – ₹442.93): inside the modelled fair-value range. Its valuation scores 2/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
Is Kotak Mahindra Bank fundamentally strong?
VestCall scores Kotak Mahindra Bank’s business health 58/100 (adequate). The strongest measured pillars are business quality and capital allocation. The ones that need proof are growth and financial strength. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.
What is Kotak Mahindra Bank’s P/E ratio?
Kotak Mahindra Bank trades at a P/E of 24.16x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against Kotak Mahindra Bank’s returns and growth.
What are the risks of investing in Kotak Mahindra Bank?
The review triggers VestCall watches for Kotak Mahindra Bank are: return on equity falls below the quality floor (roe below 15%); revenue growth falls below the thesis floor (revenue cagr below 8%); promoter holding drops materially (promoter holding below 22.87%, 3 points under the Mar 2026 filing). On the fundamentals, growth is the weakest measured pillar at 39/100. A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.
Is this a recommendation to buy or sell Kotak Mahindra Bank?
No. VestCall states where Kotak Mahindra Bank’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.
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