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Yes Bank Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹16.81Overvalued by 15.95%vs CMP ₹20.00

P/E (17.8) × ROE (7.1%) × BV (₹16.30) × DY (2.00%)

₹15.09Overvalued by 24.55%vs CMP ₹20.00
MoS: -32.5% (Negative)Confidence: 43/100 (Low)Models: 1 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹20.0327%Fair (+0.2%)
Graham NumberEarnings₹19.2519%Fair (-3.8%)
Earnings PowerEarnings₹3.6913%Over (-81.6%)
DCFCash Flow₹24.1113%Under (+20.6%)
Net Asset ValueAssets₹15.739%Over (-21.4%)
EV/EBITDAEnterprise₹1.5711%Over (-92.2%)
Earnings YieldEarnings₹10.109%Over (-49.5%)
Consensus (7 models)₹15.09100%Overvalued
Key Drivers: Wide model spread (₹2–₹24) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 19.2%

*Investments are subject to market risks

Analyst Summary

Yes Bank Ltd operates in the Finance - Banks - Private Sector segment, NSE: YESBANK | BSE: 532648, current market price is ₹20.00, market cap is 62,635 Cr.. At a glance, stock P/E is 17.8, ROE is 7.10 %, ROCE is 5.98 %, book value is 16.3, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹15.09, around 24.6% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹30,919 Cr versus the prior period change of 12.0%, while latest net profit is about ₹2,447 Cr with a prior-period change of 90.4%. The 52-week range shown on this page is 24.3/17.2, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisYES Bank Ltd. is a Public Limited Listed company incorporated on 21/11/2003 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65190MH…

This summary is generated from the stock page data available for Yes Bank Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

56
Yes Bank Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health53/100 · Moderate
ROCE 6.0% WeakROE 7.1% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 18.86% (6mo) AccumulatingDII holding down 18.40% MF selling
Earnings Quality50/100 · Moderate
Quarterly Momentum70/100 · Strong
Profit (4Q): +46% YoY Strong
Industry Rank50/100 · Moderate
P/E 17.8 vs industry 21.8 In-lineROCE 6.0% vs industry 6.5% Average

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 2:04 am

Market Cap 62,635 Cr.
Current Price 20.0
Intrinsic Value₹15.09
High / Low 24.3/17.2
Stock P/E17.8
Book Value 16.3
Dividend Yield0.00 %
ROCE5.98 %
ROE7.10 %
Face Value 2.00
PEG Ratio0.93

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Yes Bank Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Yes Bank Ltd 62,635 Cr. 20.0 24.3/17.217.8 16.30.00 %5.98 %7.10 % 2.00
IDFC First Bank Ltd 59,867 Cr. 69.6 87.0/58.137.2 54.80.36 %5.98 %3.78 % 10.0
IndusInd Bank Ltd 71,241 Cr. 914 969/71176.3 8380.16 %5.69 %1.44 % 10.0
Federal Bank Ltd 71,256 Cr. 289 302/18316.4 1620.42 %6.39 %11.6 % 2.00
Bandhan Bank Ltd 33,287 Cr. 207 213/13427.2 1570.73 %6.41 %4.91 % 10.0
Industry Average144,337.96 Cr335.3721.78221.370.56%6.49%10.13%6.30

All Competitor Stocks of Yes Bank Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue5,8746,2186,4456,7146,9897,4587,7257,7377,8337,6237,6057,3897,553
Interest 3,9084,1174,4494,7944,9755,3095,4865,5445,6175,3525,2355,0935,093
Expenses 3,0062,8812,7262,8832,9483,3402,8202,9842,9693,0803,1103,1292,961
Financing Profit-1,041-780-730-962-934-1,191-580-791-753-809-740-833-501
Financing Margin %-18%-13%-11%-14%-13%-16%-8%-10%-10%-11%-10%-11%-7%
Other Income 1,1131,0551,1921,2671,2551,6421,2711,4881,5831,8151,8251,7241,720
Depreciation 0000000000000
Profit before tax 722754623043204516916978301,0061,0858911,218
Tax % 24%25%25%25%24%-4%25%19%25%26%25%25%21%
Net Profit 55206347229243467516567619745809664957
EPS in Rs 0.020.070.120.080.080.160.160.180.200.240.260.210.30
Gross NPA %2.00%2.20%2.00%2.00%2.00%1.70%1.70%1.60%1.60%1.60%1.60%1.60%1.50%
Net NPA %1.00%0.83%1.00%0.90%0.90%0.60%0.50%0.50%0.50%0.30%0.30%0.30%0.30%

Last Updated: February 3, 2026, 1:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue9,98111,57213,53316,42520,26929,62426,05220,03919,01922,70227,60630,91930,169
Interest 7,2658,0838,96510,62712,52919,81119,25812,61112,52814,80019,52721,99820,773
Expenses 2,0552,5483,4294,7906,59511,83439,24614,9378,05810,37111,35011,36012,280
Financing Profit6629401,1391,0081,144-2,021-32,452-7,509-1,568-2,468-3,272-2,439-2,883
Financing Margin %7%8%8%6%6%-7%-125%-37%-8%-11%-12%-8%-10%
Other Income 1,7222,0482,7294,2185,2934,67511,9563,1073,4053,8835,3556,1577,083
Depreciation 64861121732323053423604034335464930
Profit before tax 2,3202,9023,7565,0536,2052,349-20,838-4,7621,4349811,5383,2244,200
Tax % 31%31%33%34%32%27%-21%-27%26%25%16%24%
Net Profit 1,6111,9972,5303,3404,2331,709-16,433-3,4891,0647361,2852,4473,174
EPS in Rs 8.949.5612.0314.6318.387.38-13.09-1.390.420.260.450.781.01
Dividend Payout % 18%19%17%16%15%27%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)23.96%26.69%32.02%26.74%-59.63%-1061.56%78.77%130.50%-30.83%74.59%90.43%
Change in YoY Net Profit Growth (%)0.00%2.73%5.33%-5.28%-86.36%-1001.93%1140.32%51.73%-161.32%105.42%15.84%

Yes Bank Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:3%
3 Years:18%
TTM:7%
Compounded Profit Growth
10 Years:2%
5 Years:17%
3 Years:32%
TTM:88%
Stock Price CAGR
10 Years:-18%
5 Years:7%
3 Years:7%
1 Year:-13%
Return on Equity
10 Years:-1%
5 Years:1%
3 Years:4%
Last Year:5%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 4, 2025, 2:14 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3614184214564614632,5105,0115,0115,7515,7546,2716,274
Reserves 6,75511,24813,34221,58325,29226,42419,18528,12728,68834,96736,40241,56242,993
Deposits74,18691,159111,704142,857200,689227,558105,311162,846197,063217,382266,230284,420296,271
Borrowing21,31426,22031,65938,60774,894108,424113,79063,94972,34077,75480,50871,97162,651
Other Liabilities 6,3907,0988,11711,55611,11517,99017,03613,66015,47619,35017,46919,89221,971
Total Liabilities 109,005136,143165,243215,060312,450380,860257,832273,593318,578355,204406,362424,116430,161
Fixed Assets 2772964146127657787302,0962,0162,1562,5092,8723,169
CWIP 202660757251294631252963572060
Investments 40,93343,19348,78849,98268,29389,32943,74843,11551,75476,74989,99784,72582,821
Other Assets 67,77592,628115,980164,391243,319290,701213,061228,320264,683276,003313,499336,313344,170
Total Assets 109,005136,143165,243215,060312,450380,860257,832273,593318,578355,204406,362424,116430,161

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -2,317-3044,384-21,810-24,573-57,72155,39623,598-25,8169,6456,38621,217
Cash from Investing Activity + -3,591-4,023-4,478-8,738-6,23514,128441-14,566-13,026-12,4538,514-4,971
Cash from Financing Activity + 7,5744,98911,42935,74833,03925,038-34,9428,39111,4502,771-5,651-6,485
Net Cash Flow 1,66666211,3365,1992,231-18,55520,89517,423-27,392-389,2499,761
Free Cash Flow -2,428-5693,999-22,195-24,871-58,25655,13723,199-26,5558,6835,66520,515
CFO/OP -14%10%54%-143%-123%433%1,101%216%-209%62%33%112%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-72.00-89.00-108.00-138.00-194.00-216.00-66.00-148.00-189.00-207.00-255.00-273.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 25%21%20%19%18%6%-68%-13%3%2%3%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
FIIs 23.10%23.79%23.39%23.79%22.01%27.08%27.00%26.74%26.88%24.95%44.95%45.74%
DIIs 37.77%37.72%40.68%41.98%41.50%38.10%38.20%38.84%39.52%40.26%20.79%21.12%
Government 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public 39.10%38.47%35.90%34.21%36.47%34.82%34.78%34.42%33.60%34.79%34.24%33.12%
No. of Shareholders 50,57,38749,04,79548,88,44149,94,63661,54,88863,01,44462,47,73562,83,71063,27,64163,55,94362,57,30361,04,673

Shareholding Pattern Chart

No. of Shareholders

Yes Bank Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
UTI Arbitrage Fund 31,815,300 0.6 65.9238,843,9002026-03-12 03:06:38-18.09%
Tata Arbitrage Fund 20,930,300 0.2 43.3732,250,7002026-03-12 03:06:38-35.1%
DSP Arbitrage Fund 16,420,800 0.49 34.0215,270,1002026-03-12 03:06:387.54%
Baroda BNP Paribas Mid Cap Fund 13,500,000 1.2 27.9715,000,0002026-02-23 07:11:41-10%
Baroda BNP Paribas Aggressive Hybrid Fund 6,300,000 1.04 13.056,480,0002026-03-12 03:06:38-2.78%
Baroda BNP Paribas Multi Asset Fund 5,850,000 0.86 12.125,760,0002026-02-22 12:58:581.56%
Baroda BNP Paribas Business Cycle Fund 3,330,000 1.22 6.93,600,0002026-03-12 03:06:38-7.5%
NJ Balanced Advantage Fund 3,047,800 0.18 6.322,270,3002026-01-26 02:00:0434.25%
Axis Equity Savings Fund 1,555,000 0.36 3.22N/AN/AN/A
Edelweiss Equity Savings Fund 1,368,400 0.22 2.84N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
Face Value2.002.002.002.002.00
Basic EPS (Rs.) 0.790.450.280.42-1.65
Diluted EPS (Rs.) 0.780.440.280.42-1.65
Cash EPS (Rs.) 0.930.630.400.58-1.25
Book Value[Excl.RevalReserv]/Share (Rs.) 15.2614.6514.1613.4513.23
Book Value[Incl.RevalReserv]/Share (Rs.) 15.2614.6514.1613.4513.23
Operating Revenue / Share (Rs.)9.869.607.897.598.00
Net Profit / Share (Rs.) 0.780.440.250.42-1.39
Net Profit After MI / Share (Rs.)0.780.440.250.42-1.39
Net Profit Margin (%) 7.914.653.245.59-17.41
Net Profit After MI And SOA Nargin (%)7.914.653.245.59-17.41
Operating Profit Margin (%)16.229.566.1110.75-32.11
Return On Assets (%) 0.570.310.200.33-1.27
Return On Equity / Networth (%)5.113.041.803.15-10.52
Net Interest Margin (X)2.101.982.222.032.71
Cost To Income (%)71.4174.5073.3870.5554.46
Interest Income / Total Assets (%)7.296.796.395.967.32
Non-Interest Income / Total Assets (%)1.451.311.161.061.25
Operating Profit / Total Assets (%)-0.87-1.00-0.95-0.73-2.53
Operating Expenses / Total Assets (%)2.532.462.482.192.16
Interest Expenses / Total Assets (%)5.184.804.163.934.60
Enterprise Value (Rs.Cr.)394088.44395339.39325548.03291128.03259067.88
EV Per Net Sales (X)12.7514.3214.3415.3112.93
Price To Book Value (X)1.111.581.060.911.18
Price To Sales (X)1.712.421.911.621.95
Retention Ratios (%) 100.00100.00100.00100.00100.00
Earnings Yield (X)0.040.010.010.03-0.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

YES Bank Ltd. is a Public Limited Listed company incorporated on 21/11/2003 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65190MH2003PLC143249 and registration number is 143249. Currently Company is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company's Total Operating Revenue is Rs. 30168.83 Cr. and Equity Capital is Rs. 6275.95 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorYES BANK House, Off Western Express Highway, Mumbai Maharashtra 400055Contact not found
Management
NamePosition Held
Mr. Rama Subramaniam GandhiPart Time Chairman & Independent Director
Mr. Prashant KumarManaging Director & CEO
Dr. Rajan PentalExecutive Director
Mr. Manish JainExecutive Director
Mr. Atul MalikIndependent Director
Mr. Sharad SharmaIndependent Director
Mr. Sanjay Kumar KhemaniIndependent Director
Mr. Sadashiv Srinivas RaoIndependent Director
Ms. Nandita GurjarIndependent Director
Ms. Rekha MurthyIndependent Director
Mr. Thekepat Keshav KumarNominee Director
Mr. Sandeep TewariNominee Director
Mr. Shivakumar DegaNominee Director

FAQ

What is the intrinsic value of Yes Bank Ltd and is it undervalued?

As of 11 May 2026, Yes Bank Ltd's intrinsic value is ₹15.09, which is 24.55% lower than the current market price of ₹20.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.10 %), book value (₹16.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Yes Bank Ltd?

Yes Bank Ltd is trading at ₹20.00 as of 11 May 2026, with a FY2026-2027 high of ₹24.3 and low of ₹17.2. The stock is currently in the middle of its 52-week range. Market cap stands at ₹62,635 Cr..

How does Yes Bank Ltd's P/E ratio compare to its industry?

Yes Bank Ltd has a P/E ratio of 17.8, which is below the industry average of 21.78. This is broadly in line with or below the industry average.

Is Yes Bank Ltd financially healthy?

Key indicators for Yes Bank Ltd: ROCE of 5.98 % is on the lower side compared to the industry average of 6.49%; ROE of 7.10 % is below ideal levels (industry average: 10.13%). Dividend yield is 0.00 %.

Is Yes Bank Ltd profitable and how is the profit trend?

Yes Bank Ltd reported a net profit of ₹2,447 Cr in Mar 2025 on revenue of ₹30,919 Cr. Compared to ₹1,064 Cr in Mar 2022, the net profit shows an improving trend.

Does Yes Bank Ltd pay dividends?

Yes Bank Ltd has a dividend yield of 0.00 % at the current price of ₹20.00. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 2:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532648 | NSE: YESBANK
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Yes Bank Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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