NSE ScannerComparison · NSE · data 2026-11-01
Kotak Mahindra Bank Limited vs State Bank of India
In plain words
Size: State Bank of India is about 1.9 times the market value of Kotak Mahindra Bank Limited.
Valuation (P/E): Kotak Mahindra Bank Limited 21.4 vs State Bank of India 10.3.
Return on equity: State Bank of India 15.4% vs Kotak Mahindra Bank Limited 11.4%.
Profit growth over 3 years: State Bank of India 14.4% a year vs Kotak Mahindra Bank Limited 8.9% a year.
Debt to equity: State Bank of India 1.34 vs Kotak Mahindra Bank Limited 0.58.
Differences in the numbers, not a recommendation of either stock.
Side by side
| KOTAKBANK | SBIN | |
|---|---|---|
| Price | ₹461.6 | ₹961.85 |
| Market cap | ₹4,58,597 cr | ₹8,87,077 cr |
| P/E | 21.4 | 10.3 |
| P/B | 2.4 | 1.4 |
| ROE | 11.4% | 15.4% |
| ROCE | 3.6% | 2.0% |
| Debt / equity | 0.58 | 1.34 |
| Operating margin | 34.0% | 28.4% |
| Dividend yield | 0.14% | 1.81% |
| Sales growth, 3 years (yearly) | 16.9% | 14.4% |
| Profit growth, 3 years (yearly) | 8.9% | 14.4% |
| 1-year return | 7.3% | 2.4% |
| Revenue, last 12 months | ₹1,15,454 cr | ₹7,22,687 cr |
| Net profit, last 12 months | ₹21,473 cr | ₹86,210 cr |
| Latest quarter | Sept 2026 | Jun 2026 |
| Quarter net profit | ₹5,645 cr | ₹24,113 cr |
| Quarter profit vs a year earlier | +26.3% | +13.7% |
| Promoter holding | 25.87% | 55.45% |
| Health check | Average (4.6/10) | Average (5.6/10) |
Common questions
Which has a higher P/E, Kotak Mahindra Bank Limited or State Bank of India?
Kotak Mahindra Bank Limited trades at the higher P/E (21.4 against 10.3). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
State Bank of India (15.4% against 11.4%).
Which carries more debt?
State Bank of India has the higher debt-to-equity ratio (1.34 against 0.58).