BSE: 532648 | NSE: YESBANK | Bank - Private | Mid Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Yes Bank Ltd is a below average quality company.
The key valuation ratios of Yes Bank Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Yes Bank Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income (₹ Cr.) | 3,488 | 4,567 | 5,797 | 7,737 | 9,809 | 6,805 | 7,429 | 6,498 | 7,918 | 8,095 | 8,614 | |
| YoY Gr. Rt. % | - | 30.9% | 27% | 33.5% | 26.8% | -30.6% | 9.2% | -12.5% | 21.9% | 2.2% | - | |
| Total Income | 13,618 | 16,246 | 20,581 | 25,491 | 34,215 | 37,923 | 23,054 | 22,286 | 26,382 | 32,700 | 35,250 | |
| YoY Gr. Rt. % | - | 19.3% | 26.7% | 23.9% | 34.2% | 10.8% | -39.2% | -3.3% | 18.4% | 24% | - | |
| Adj EPS (₹ ) | 9.6 | 12.1 | 14.6 | 18.3 | 7.4 | -13.1 | -1.4 | 0.4 | 0.3 | 0.4 | 0.6 | |
| YoY Gr. Rt. % | - | 25.8% | 20.8% | 25.7% | -59.5% | -276% | NA | NA | -41.9% | 72% | - | |
| BVPS (₹ ) | 55.9 | 65.6 | 96.6 | 111.9 | 116.2 | 17.3 | 13.3 | 13.5 | 13.8 | 14.3 | 14.8 | |
| YoY Gr. Rt. % | - | 17.3% | 47.4% | 15.8% | 3.9% | -85.1% | -23.5% | 1.6% | 2.8% | 3.4% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 1.6 | 1.7 | 1.8 | 1.6 | 0.5 | -5.1 | -1.3 | 0.4 | 0.2 | 0.3 | 0.4 | |
| To view Net NPA to Net Advances (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net NPA to Net Advances (%) | 0.1 | 0.3 | 0.8 | 0.6 | 1.9 | 5 | 5.9 | 4.5 | 0.8 | 0.6 | 0.5 | |
| To view Capital Adequacy Ratio (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Capital Adequacy Ratio (%) | - | - | - | - | - | - | - | - | - | - | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 9.8% | -3.8% | 2.9% | 2.2% | ||||
| Total Income | 10.2% | -0.9% | 12.4% | 24% | ||||
| Adj EPS | -29.2% | -43.4% | NA | 72% | ||||
| BVPS | -14.1% | -34.2% | 2.6% | 3.4% | ||||
| Share Price | -18.1% | -21.5% | 14.2% | -3.1% | ||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Earned / Total Income | 84.97 | 83.31 | 79.8 | 79.51 | 86.58 | 68.74 | 86.94 | 85.36 | 86.03 | 84.36 | 84.8 | |
| Margins | To view Margins Colour Rating Guide click here ⓘ | |||||||||||
| NIM (%) | 2.8 | 2.9 | 2.9 | 2.6 | 2.7 | 3 | 3.1 | 2.3 | 2.6 | 2.4 | 2.1 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 21.3 | 19.9 | 18.6 | 17.7 | 6.5 | -67.5 | -12.6 | 3.2 | 2 | 3.1 | 3.7 | |
| Liquidity Ratio | To view Liquidity Ratio Colour Rating Guide click here ⓘ | |||||||||||
| CASA (%) | 23.1 | 28.1 | 36.3 | 36.5 | 33.1 | 26.6 | 26.1 | 31.1 | 30.8 | 30.9 | - | |
Return on Equity has increased versus last 3 years average to 3.80%
Total Income has increased 12.36 CAGR in last 3 years
Net NPA to Net Advances has declined versus last 3 years average
Total income growth is good in last 4 quarters
Net Profit has declined 0.00 CAGR in last 3 years
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.6 | 0.6 |
| TTM Sales (₹ Cr.) | 29,882 | 29,909 |
| BVPS (₹.) ⓘ | 14.8 | 14.8 |
| Reserves (₹ Cr.) ⓘ | 40,137 | 40,175 |
| P/BV ⓘ | 1.32 | 1.32 |
| PE ⓘ | 35.27 | 34.21 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 19.03 / 32.81 |
| All Time Low / High (₹) | 5.55 / 404.00 |
| Market Cap (₹ Cr.) | 61,320 |
| Equity (₹ Cr.) | 6,270 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 17.6 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 13,618 | 16,246 | 20,581 | 25,491 | 34,215 | 37,923 | 23,054 | 22,286 | 26,382 | 32,700 |
| Interest Income | 11,572 | 13,533 | 16,425 | 20,267 | 29,625 | 26,067 | 20,042 | 19,024 | 22,697 | 27,586 |
| Other Income ⓘ | 2,046 | 2,712 | 4,157 | 5,224 | 4,590 | 11,856 | 3,012 | 3,262 | 3,685 | 5,114 |
| Expenditure | 11,613 | 13,706 | 17,251 | 21,267 | 32,495 | 54,341 | 26,516 | 21,220 | 25,665 | 31,449 |
| Interest Expense | 8,084 | 8,967 | 10,627 | 12,530 | 19,816 | 19,261 | 12,613 | 12,526 | 14,780 | 19,491 |
| Operating Expenses | 2,285 | 2,976 | 4,117 | 5,213 | 6,264 | 6,729 | 5,792 | 6,844 | 8,420 | 9,823 |
| Provisions | 1,244 | 1,763 | 2,507 | 3,524 | 6,415 | 28,351 | 8,111 | 1,850 | 2,465 | 2,135 |
| Profit Before Tax | 2,910 | 3,766 | 5,044 | 6,194 | 2,357 | -20,826 | -4,735 | 1,436 | 963 | 1,500 |
| Taxes | 905 | 1,227 | 1,714 | 1,970 | 637 | -4,408 | -1,273 | 370 | 246 | 249 |
| Profit After Tax | 2,005 | 2,539 | 3,330 | 4,225 | 1,720 | -16,418 | -3,462 | 1,066 | 717 | 1,251 |
| Adjusted EPS (₹) | 9.60 | 12.08 | 14.59 | 18.34 | 7.43 | -13.08 | -1.38 | 0.43 | 0.25 | 0.43 |
| Dividend Payout Ratio (%) | 19% | 17% | 16% | 15% | 27% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Share Capital ⓘ | 418 | 421 | 456 | 461 | 463 | 2,510 | 5,011 | 5,011 | 5,751 | 5,754 |
| Total Reserves ⓘ | 11,262 | 13,366 | 21,598 | 25,298 | 26,441 | 19,216 | 28,185 | 28,723 | 34,014 | 35,386 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deposits | 91,176 | 1,11,720 | 1,42,874 | 2,00,738 | 2,27,610 | 1,05,364 | 1,62,947 | 1,97,192 | 2,17,502 | 2,66,372 |
| Borrowings ⓘ | 26,220 | 31,659 | 38,607 | 74,894 | 1,08,424 | 1,13,791 | 63,949 | 72,205 | 77,452 | 79,941 |
| Other Liabilities | 7,094 | 8,098 | 11,525 | 11,056 | 17,888 | 16,946 | 13,451 | 15,090 | 20,067 | 18,041 |
| Total Liabilities ⓘ | 1,36,170 | 1,65,263 | 2,15,060 | 3,12,446 | 3,80,826 | 2,57,827 | 2,73,543 | 3,18,220 | 3,54,786 | 4,05,493 |
Assets | ||||||||||
| Balance with RBI | 5,241 | 5,776 | 6,952 | 11,426 | 10,798 | 5,944 | 6,813 | 43,452 | 12,864 | 18,139 |
| Balance with Banks | 2,316 | 2,442 | 12,597 | 13,309 | 16,092 | 2,439 | 22,496 | 3,187 | 6,410 | 790 |
| Investments ⓘ | 43,228 | 48,838 | 50,032 | 68,399 | 89,522 | 43,915 | 43,319 | 51,896 | 76,888 | 90,235 |
| Advances | 75,550 | 98,210 | 1,32,263 | 2,03,534 | 2,41,500 | 1,71,443 | 1,66,893 | 1,81,052 | 2,03,269 | 2,27,799 |
| Net Block ⓘ | 293 | 412 | 609 | 761 | 767 | 716 | 2,087 | 2,009 | 2,149 | 2,500 |
| Other Assets | 9,516 | 9,526 | 12,532 | 14,946 | 22,098 | 33,077 | 31,873 | 36,500 | 52,909 | 65,672 |
| Total Assets ⓘ | 1,36,170 | 1,65,263 | 2,15,060 | 3,12,446 | 3,80,826 | 2,57,827 | 2,73,543 | 3,18,220 | 3,54,786 | 4,05,493 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -2,340 | -292 | 4,379 | -21,878 | -24,661 | -57,641 | 55,428 | 23,623 | -25,626 | 9,596 |
| Cash Flow From Investing Activity ⓘ | -3,608 | -4,035 | -4,473 | -8,692 | -6,282 | 14,159 | 391 | -14,493 | -12,901 | -12,425 |
| Cash Flow From Financing Activity ⓘ | 7,614 | 4,989 | 11,429 | 35,748 | 33,039 | 25,038 | -34,942 | 8,256 | 11,284 | 2,506 |
| Net Cash Flow ⓘ | 1,665 | 662 | 11,335 | 5,178 | 2,096 | -18,443 | 20,877 | 17,385 | -27,243 | -323 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 48 | 60 | 73 | 18 | 7 | -13 | -1 | 0 | 0 | 0 |
| DPS (₹) | 9 | 10 | 12 | 3 | 2 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 280 | 328 | 483 | 112 | 116 | 17 | 13 | 13 | 14 | 14 |
Margin Ratios | ||||||||||
| Yield on Advances (%) | 15.3 | 13.8 | 12.4 | 10.0 | 12.3 | 15.2 | 12.0 | 10.5 | 11.2 | 12.1 |
| Yield on Investments (%) | 8.1 | 7.7 | 9.0 | 6.8 | 7.1 | 12.2 | 8.7 | 6.1 | 4.7 | 5.8 |
| Cost of Liabilities (%) | 6.9 | 6.3 | 5.9 | 4.6 | 5.9 | 8.8 | 5.6 | 4.7 | 5.0 | 5.6 |
| NIM (%) | 2.8 | 2.9 | 2.9 | 2.6 | 2.7 | 3.0 | 3.1 | 2.3 | 2.6 | 2.4 |
| Interest Spread (%) | 8.4 | 7.5 | 6.6 | 5.4 | 6.4 | 6.4 | 6.5 | 5.9 | 6.2 | 6.5 |
Performance Ratios | ||||||||||
| ROA (%) | 1.6 | 1.7 | 1.8 | 1.6 | 0.5 | -5.1 | -1.3 | 0.4 | 0.2 | 0.3 |
| ROE (%) | 21.3 | 19.9 | 18.6 | 17.7 | 6.5 | -67.5 | -12.6 | 3.2 | 2.0 | 3.1 |
| ROCE (%) | 13.4 | 13.3 | 14.1 | 11.6 | 7.2 | -10.0 | 0.2 | 5.4 | 5.0 | 6.2 |
Efficiency Ratios | ||||||||||
| Cost to Income Ratio (%) | 41.3 | 40.9 | 41.4 | 40.2 | 43.5 | 36.1 | 55.5 | 70.1 | 72.6 | 74.4 |
| Operating Costs to Assets (%) | 1.7 | 1.8 | 1.9 | 1.7 | 1.6 | 2.6 | 2.1 | 2.2 | 2.4 | 2.4 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 2.9 | 2.6 | 3.2 | 2.7 | 2.4 | 1.3 | 1.2 | 0.9 | 1.1 | 1.6 |
Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank. Since inception Yes Bank has fructified into a ‘“Full Service Commercial Bank†that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to corporate and retail customers.
YES BANK offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.
The bank is part of global thought leadership forums like the Clinton Global Initiative (CGI), Triple Bottom Line Investing (TBLI) and Tallberg Forum. Recently, it became the first Indian Bank to become a signatory with the United Nations Environment Programme (Financial Initiative).
As part of the differentiated strategy, Yes Bank has had a strong focus on Development Banking, as is evident from the cutting-edge work that the Bank has done in the area of Food & Agribusiness, Infrastructure, Microfinance, and Sustainability which in most cases has been first-of-its kind in India
Yes Bank has partnered with various companies for delivering quality products and services namely Cash Tech, Cisco Systems, Gartner, Intel, i-flex, Reuters, VSNL, Wipro, De La Rue, Murex, Wincor Nixdorf and Sanovi.
The bank also has a widespread branch network of over 331 branches across 200 cities, with over 420 ATM's and 2 National Operating Centres in Mumbai and Gurgaon.
Business Areas
Corporate and Institutional Banking- The bank offers a broad range of financial and risk management solutions to clients such as large Indian corporates and groups, multinational companies, central and state governments, government bodies and public sector enterprises.
Business Banking- Yes Bank offers a range of products, services and resources to small and medium businesses.
Corporate Finance- It offers corporate finance solutions to various clients such as local corporates, multinational companies, financial institutions and public sector undertakings.
Retail Banking- Under this, the bank offers wide range of products and services such as saving account, current account, fixed deposit, retail loan, depository services and many more.
Investment Banking- Yes Bank offers investment banking services in area of mergers and acquisitions, divestitures, private equity syndication and IPO advisory.
Awards & Recognitions :
In March 2014- The Bank was awarded the “Ramkrishna Bajaj National Quality (RBNQ) Business Excellence Award - 2013†in the Services Category. Organized by Indian Merchants’ Chamber, YES BANK is the only bank to win this prestigious award in the history of the RBNQ Award.
Outstanding Business Sustainability Achievement Karlsruhe Sustainable Finance Awards Germany, 2013
Jamnalal Bajaj Uchit Vyavahar Puraskar (Service Enterprises-Large) Council for Fair Business Practices (CFBP) 2012
Financial Institutions Syndicated Deal of the Year, Asia Pacific Region Asia Pacific Loan Market Association (APLMA) 2012
Global Business Excellence Award, Dubai, 2013
Sustainability Award, London, 2012 Golden Peacock
Institutional Excellence
Business Excellence
1) YES BANK won seven awards at Asia’s Best Employer Brand Awards and the CMO Asia Awards for Excellence in Branding and Marketing that were held on July 22, 2011 in Singapore. The bank received awards in the following categories:
2) YES BANK received 'The Asian Banker Technology Implementation Awards 2011'
3) YES BANK’s Chief Information Security Officer ranked as one of the Top 100 CISOs at the TOP 100 CISO Awards 2011.
4) YES BANK receives significant recognition at The Banker Technology Awards 2011
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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