additionally – kotak bank pat has been increased from 7,200cr to 18,200cr in last 5 year (thats 20% cagr growth) and EPS 37.5 to 91.6 in 5 year.
P/E has been crashed to 40 to 18.9 in last 5 year
similarly, P/B has been also crashed from 5.1 to 2.7 times in 5 year
and Book Value has been increased from 264 to 654.
For me, in Bluechip companies we should only focus on valuations. Its better to not go in-deapt analysis specially for bluechip companies because management is far more experienced then us. and they have more skin in the game then us.
As per my analysis, Banks are going to see 13-15% credit growth in coming 3 years, and i believe kotak bank can give 16% cagr growth from here.
FY24A PAT – 18,200cr
FY27F PAT – 28,400cr roughly.
Current Mcap – 3,53,000 cr
Current P/E – 19
FY27 Forward P/E – 12.43
disc – invested
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