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Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (with a market cap of Rs. 376398.64 Crore).
Kotak Mahindra Bank Ltd. Key products/revenue segments include interest and discounts on advances and bills, income from investments, interest on balances with RBI and other interbank funds and interest for the year ending 31-Mar-2022.
Finance
For the quarter ended 30-09-2022, the company reported a total revenue of Rs 17513.02 crore, up 50.21% from the total revenue of Rs 11658.94 crore in the previous quarter and 50.21% higher than the same quarter last year. 4.5 crore is 14.15% higher than the revenue of Rs. The bank reported a net profit after tax of Rs 3608.18 crore in the latest quarter.
Investment rationale
The brokerage expects KMB’s loan book to grow at a CAGR of ~22% during FY22-24E. At a CMP of ₹1903, the stock is available at 4.1(x) standalone FY24E Adj. BVPS of ₹463. valuing standalone entity with 4.8xFY24E BVPS and valuing subsidiaries at ₹84; It arrives at a target price of ₹2,304 (unchanged). This suggests a BUY rating with a potential upside of 21%
Promoter/FII Holdings
Promoters held 25.97 per cent stake in the company as on 30-Jun-2022, while FIIs held 40.55 per cent, DIIs held 17.28 per cent.
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