Yes Bank Limited (IN:YESBANK)
:YESBANK
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Yes Bank Limited
(YESBANK)
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Rating:60Neutral
Price Target:
₹23.50
▲(16.34% Upside)
Action:ReiteratedDate:05/07/26
The score is driven primarily by improving financial performance (turnaround in profitability, better leverage trend), tempered by recent revenue contraction and historically volatile cash flows. Technicals are supportive with the stock above major moving averages, but near-overbought momentum signals add caution. Valuation appears reasonable on P/E, though no dividend yield data is available to bolster the case.
Positive Factors
Improved operating margins
Operating profitability expanded to roughly 12% in FY2026 from prior negative levels, indicating the bank can produce sustainable core earnings. A durable margin recovery strengthens internal capital generation, supports net interest spread maintenance and loan growth capacity over the medium term.
Negative Factors
Revenue inconsistency and decline
Top-line inconsistency and a revenue decline in FY2026 weaken the durability of the earnings recovery. If revenue momentum does not stabilize, profit improvements may be reliant on one-off cost reductions or credit recoveries, making sustainable margin expansion and long-term growth less certain.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved operating margins
Operating profitability expanded to roughly 12% in FY2026 from prior negative levels, indicating the bank can produce sustainable core earnings. A durable margin recovery strengthens internal capital generation, supports net interest spread maintenance and loan growth capacity over the medium term.
Read all positive factors
Yes Bank Limited (YESBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹706.68B
Dividend YieldN/A
Average Volume (3M)9.70M
Price to Earnings (P/E)12.7
Beta (1Y)1.21
Revenue Growth0.59%
EPS Growth42.80%
CountryIN
Employees28,001
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.88
Shares Outstanding31,380,217,000
10 Day Avg. Volume7,428,936
30 Day Avg. Volume9,702,290
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.06
Price to Sales (P/S)1.45
P/FCF Ratio3.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹17.00Price Target Upside-15.84% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)1.27
Revenue Forecast (FY)₹188.08B
Yes Bank Limited Business Overview & Revenue Model
Company Description
Yes Bank Limited provides various banking and financial products and services primarily in India. It operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers corporate bankin...
How the Company Makes Money
Yes Bank primarily earns money through (1) net interest income and (2) non-interest (fee and other) income. Net interest income is generated by taking deposits (such as savings, current, term deposits) and other borrowings at a cost and deploying ...
Yes Bank Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 392.61B | 372.93B | 388.28B | 335.06B | 241.69B | 216.46B |
| Gross Profit | 175.14B | 159.30B | 168.30B | 139.78B | 93.70B | 91.17B |
| EBITDA | 36.18B | 52.21B | 37.17B | 20.83B | 14.15B | 14.67B |
| Net Income | 27.39B | 35.12B | 24.46B | 12.85B | 7.36B | 10.64B |
Balance Sheet | ||||||
| Total Assets | 4.11T | 4.70T | 4.24T | 4.06T | 3.55T | 3.19T |
| Cash, Cash Equivalents and Short-Term Investments | 245.55B | 383.47B | 285.67B | 634.06B | 193.56B | 28.28B |
| Total Debt | 672.35B | 654.51B | 719.71B | 911.56B | 891.19B | 873.57B |
| Total Liabilities | 3.63T | 4.19T | 3.76T | 3.64T | 3.14T | 2.85T |
| Stockholders Equity | 487.05B | 511.58B | 478.32B | 421.55B | 407.18B | 336.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 141.06B | -125.46B | 86.64B | -266.08B | 231.87B |
| Operating Cash Flow | 0.00 | 148.45B | -118.04B | 96.45B | -258.16B | 235.98B |
| Investing Cash Flow | 0.00 | -331.46B | 85.27B | -124.31B | -129.04B | -145.11B |
| Financing Cash Flow | 0.00 | 280.63B | 125.39B | 516.18B | 114.50B | 426.08B |
Yes Bank Limited Technical Analysis
Neutral
20.20
Price Trends
19.81
Positive
20.98
Negative
20.91
Negative
Market Momentum
-0.02
Negative
61.52
Neutral
94.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:YESBANK, the sentiment is Neutral. The current price of 20.2 is above the 20-day moving average (MA) of 18.58, above the 50-day MA of 19.81, and below the 200-day MA of 20.91, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 61.52 is Neutral, neither overbought nor oversold. The STOCH value of 94.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:YESBANK.
Yes Bank Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹638.74B | 5.82 | ― | 2.87% | 10.67% | 15.26% | |
69 Neutral | ₹724.66B | 11.92 | ― | 0.45% | 7.00% | 4.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ₹966.71B | 20.28 | ― | ― | 11.57% | 12.53% | |
60 Neutral | ₹706.68B | 12.68 | ― | ― | 0.59% | 42.80% | |
56 Neutral | ₹605.29B | 39.59 | ― | 0.29% | 11.37% | -3.10% | |
48 Neutral | ₹737.50B | 24.65 | ― | 1.95% | -5.11% | -65.49% |
* Financial Sector Average
IN:YESBANK
Yes Bank Limited
22.52
4.30
23.60%
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Yes Bank Limited Corporate Events
Yes Bank Shareholders Clear CEO Appointment and Related-Party Deal via Postal Ballot
Apr 24, 2026
Yes Bank has announced that its shareholders have approved a series of ordinary resolutions via postal ballot conducted through remote e-voting, with the results declared on April 24, 2026. Investors backed the appointment of Vinay Muralidhar Tons...
Yes Bank posts FY26 earnings call audio to enhance disclosure
Apr 18, 2026
Yes Bank Limited has notified the stock exchanges that the audio recording of its group earnings call discussing the audited financial results for the fourth quarter and full year ended March 31, 2026, is now available on the bank’s website....
Yes Bank Increases Paid-Up Capital Through Employee Stock Option Allotment
Apr 9, 2026
Yes Bank has allotted 459,317 equity shares of Rs. 2 each following the exercise of employee stock options under its ESOS 2020 scheme and RSU Plan 2024, raising Rs. 61.55 lakh in proceeds. As a result of this allotment, the bank’s paid-up sh...
Yes Bank appoints Vinay Tonse as new MD & CEO after Prashant Kumar’s tenure ends
Apr 6, 2026
Yes Bank has announced a leadership transition at the top, with Managing Director and Chief Executive Officer Prashant Kumar stepping down on April 5, 2026, upon completion of his tenure and simultaneously ceasing to be a director on the board. Th...
Yes Bank updates key personnel list for market disclosures under SEBI norms
Apr 6, 2026
Yes Bank Limited has updated the list of key managerial personnel authorised to determine the materiality of events or information and to make requisite disclosures to stock exchanges. The move aligns the bank’s governance framework with Reg...
Yes Bank Posts Double-Digit Growth in Loans and Deposits in Q4 FY26
Apr 4, 2026
Yes Bank reported provisional operational figures for the quarter ended March 31, 2026, showing loans and advances rising 10.7% year-on-year to ₹272,454 crore and deposits increasing 12.1% to ₹318,970 crore. The bank’s current an...
Yes Bank appoints veteran risk executive S. Anantharaman as Chief Risk Officer
Apr 1, 2026
Yes Bank has appointed veteran risk professional S. Anantharaman as its Chief Risk Officer with effect from April 1, 2026, in a move that underscores the lender’s focus on strengthening its risk governance framework. The appointment, disclos...
Yes Bank Allots Shares Under ESOP and RSU Plans, Slightly Ups Paid-Up Capital
Mar 6, 2026
Yes Bank has informed the exchanges that its Nomination and Remuneration Committee approved the allotment of 178,130 equity shares on March 6, 2026 under its YBL ESOS 2020 Scheme and YBL RSU Plan 2024, following the exercise of an equal number of ...
Yes Bank details investor meetings at Kotak ‘Chasing Growth 2026’ conference
Feb 26, 2026
Yes Bank Limited, a leading private sector lender in India, continues to position itself as an actively followed name among global and domestic institutional investors, reflecting its efforts to maintain transparency and engagement with the capita...
Yes Bank details limited impact of unauthorized forex card transactions
Feb 26, 2026
Yes Bank has clarified that its multi-currency prepaid forex cards, issued in partnership with BookMyForex, were targeted by a series of unauthorized online transactions routed through 15 merchants in a Latin American country that does not require...
Yes Bank Updates Markets on Outcome of Goldman Sachs Asia Financials Investor Meetings
Feb 25, 2026
Yes Bank Limited disclosed the outcome of its participation in the Goldman Sachs 2026 Asia Financials Corporate Day, where it held a virtual group meeting with a roster of major global institutional investors on February 25, 2026. The bank emphasi...
Yes Bank details outcome of Deutsche Bank India Credit Connect 2026 investor meet
Feb 24, 2026
Yes Bank Limited disclosed the outcome of its participation in the “Deutsche Bank India Credit Connect – 2026” conference held on February 24, 2026 in Mumbai, where it met a broad group of global institutional investors and asset...
Yes Bank Submits Latest Investor Presentation to Indian Stock Exchanges
Feb 24, 2026
Yes Bank Limited has submitted its latest investor presentation to the National Stock Exchange of India and BSE in compliance with SEBI disclosure regulations. The bank has requested the exchanges to place the presentation on record and disseminat...
Yes Bank Allots 33,500 Shares on Employee Stock Option Exercise
Feb 19, 2026
Yes Bank has allotted 33,500 equity shares with a face value of ₹2 each following the exercise of employee stock options under its 2020 ESOS scheme and 2024 RSU plan. The allotment, approved by the bank’s Nomination and Remuneration Co...
Yes Bank Details Investor Meetings at Nuvama India Conference
Feb 9, 2026
Yes Bank Limited participated in the Nuvama India Investor Conference titled “India: Shoring up Self-Reliance,” engaging with a wide set of institutional investors and asset managers in Mumbai. The bank held a series of physical group ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.