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Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532648 | NSE: YESBANK

Fundamental Analysis of Yes Bank Ltd

Basic Stock Data

Last Updated: July 18, 2024, 10:26 pm

Market Cap 80,720 Cr.
Current Price 25.8
High / Low32.8/14.1
Stock P/E62.8
Book Value 13.8
Dividend Yield0.00 %
ROCE6.29 %
ROE3.23 %
Face Value 2.00
PEG Ratio0.89

Data Source: screener.in

Competitors of Yes Bank Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
South Indian Bank Ltd 6,928 Cr. 26.536.9/17.95.96 25.51.13 %6.47 %16.0 % 1.00
CSB Bank Ltd 6,280 Cr. 362422/28211.1 1850.00 %7.77 %17.7 % 10.0
HDFC Bank Ltd 12,28,446 Cr. 1,6151,794/1,36319.2 5191.21 %9.50 %22.1 % 1.00
Ujjivan Small Finance Bank Ltd 8,486 Cr. 43.963.0/40.06.62 28.73.42 %11.1 %26.7 % 10.0
Equitas Small Finance Bank Ltd 10,234 Cr. 90.1116/82.112.8 46.41.11 %10.4 %15.5 % 10.0
Industry Average138,774.25 Cr419.0312.38196.540.94%7.68%15.60%6.50

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue3,9884,5244,6514,8974,9475,1355,4755,8746,2186,4456,7146,9897,458
Interest3,0033,1233,1403,1353,1303,2873,4873,9084,1174,4494,7944,9755,309
Expenses6,7632,0282,0252,1742,2352,2142,7033,0062,8812,7262,8832,9483,340
Financing Profit-5,778-627-514-412-418-366-716-1,041-780-730-962-934-1,191
Financing Margin %-145%-14%-11%-8%-8%-7%-13%-18%-13%-11%-14%-13%-16%
Other Income7218998127689267859311,1131,0551,1921,2671,2551,642
Depreciation0000000000000
Profit before tax-5,05827329835550841921572275462304320451
Tax %25%25%25%25%27%25%25%24%25%25%25%24%-4%
Net Profit-3,79120422326637231416055206347229243467
EPS in Rs-1.510.080.090.110.150.130.060.020.070.120.080.080.16
Gross NPA %15.41%15.60%14.97%14.65%13.93%13.40%12.90%2.00%2.20%2.00%2.00%2.00%1.70%
Net NPA %5.88%5.78%5.55%5.29%4.53%4.20%3.60%1.00%0.83%1.00%0.90%0.90%0.60%

Last Updated: July 11, 2024, 10:56 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 8:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Revenue8,2949,98111,57213,53316,42520,26929,62426,05220,03919,01922,70227,606
Interest6,0757,2658,0838,96510,62712,52919,81119,25812,61112,52814,80019,527
Expenses1,4992,0552,5483,4294,7906,59511,83439,24614,9378,05810,61211,896
Financing Profit7206629401,1391,0081,144-2,021-32,452-7,509-1,568-2,710-3,817
Financing Margin %9%7%8%8%6%6%-7%-125%-37%-8%-12%-14%
Other Income1,2571,7222,0482,7294,2185,2934,67511,9563,1073,4054,1255,355
Depreciation5264861121732323053423604034330
Profit before tax1,9262,3202,9023,7565,0536,2052,349-20,838-4,7621,4349811,538
Tax %32%31%31%33%34%32%27%21%27%26%25%16%
Net Profit1,3011,6111,9972,5303,3404,2331,709-16,433-3,4891,0647361,285
EPS in Rs7.258.949.5612.0314.6318.387.38-13.09-1.390.420.260.45
Dividend Payout %17%18%19%17%16%15%27%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)23.83%23.96%26.69%32.02%26.74%-59.63%-1061.56%78.77%130.50%-30.83%74.59%
Change in YoY Net Profit Growth (%)0.00%0.13%2.73%5.33%-5.28%-86.36%-1001.93%1140.32%51.73%-161.32%105.42%

Growth

Compounded Sales Growth
10 Years:11%
5 Years:-1%
3 Years:11%
TTM:22%
Compounded Profit Growth
10 Years:-2%
5 Years:-6%
3 Years:33%
TTM:76%
Stock Price CAGR
10 Years:-14%
5 Years:-21%
3 Years:25%
1 Year:48%
Return on Equity
10 Years:-1%
5 Years:-10%
3 Years:3%
Last Year:3%

Last Updated: July 16, 2024, 4:56 pm

Balance Sheet

Last Updated: July 10, 2024, 8:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital3593614184214564614632,5105,0115,0115,751
Reserves5,4496,75511,24813,34221,58325,29226,42419,18528,12728,68834,019
Borrowings87,87895,500117,379143,363181,464275,582335,982219,102226,795269,403295,136
Other Liabilities5,4196,3907,0988,11711,55611,11517,99017,03613,66015,47620,298
Total Liabilities99,104109,005136,143165,243215,060312,450380,860257,832273,593318,578355,204
Fixed Assets2182772964146127657787302,0962,0162,156
CWIP1120266075725129463125296
Investments42,97640,93343,19348,78849,98268,29389,32943,74843,11551,75476,749
Other Assets55,89967,77592,628115,980164,391243,319290,701213,061228,320264,683276,003
Total Assets99,104109,005136,143165,243215,060312,450380,860257,832273,593318,578355,204

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 5414,436-2,317-3044,384-21,810-24,573-57,72155,39623,598-25,8169,645
Cash from Investing Activity -6,742-2,785-3,591-4,023-4,478-8,738-6,23514,128441-14,566-13,026-12,431
Cash from Financing Activity 6,6811767,5744,98911,42935,74833,03925,038-34,9428,39111,4502,771
Net Cash Flow4801,8261,66666211,3365,1992,231-18,55520,89517,423-27,392-16

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-86.00-93.00-115.00-140.00-177.00-269.00-324.00-180.00-212.00-261.00-285.0011.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %25%21%20%19%18%6%-68%-13%3%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
FIIs7.92%8.17%10.97%11.37%12.15%23.24%23.10%23.79%23.39%23.79%22.01%28.42%
DIIs45.87%45.55%44.01%43.93%43.91%38.19%37.77%37.72%40.68%41.98%41.50%38.09%
Government0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public46.21%46.28%45.02%44.70%43.94%38.54%39.10%38.47%35.90%34.21%36.47%33.47%
No. of Shareholders39,77,23841,94,14943,61,34544,75,21545,47,53448,13,41150,57,38749,04,79548,88,44149,94,63661,54,88862,28,281

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Midcap 150 Index Fund8,570,3471.5620.657,193,3272024-07-1819.14%
Nippon India ETF Nifty Midcap 1507,648,0331.5518.437,193,3272024-07-186.32%
Nippon India Nifty Midcap 150 Index Fund7,193,3271.5417.347,193,3272024-07-180%
Motilal Oswal Nifty Midcap 100 ETF2,767,3471.936.677,193,3272024-07-18-61.53%
SBI Nifty Midcap 150 Index Fund1,972,8581.554.757,193,3272024-07-18-72.57%
Motilal Oswal Nifty 500 Index Fund756,0310.271.827,193,3272024-07-18-89.49%
Navi Nifty Midcap 150 Index Fund691,1441.551.677,193,3272024-07-18-90.39%
Edelweiss NIFTY Large Mid Cap 250 Index Fund287,8260.790.697,193,3272024-07-18-96%
Nippon India ETF S&P BSE Sensex Next 50275,7852.110.667,193,3272024-07-18-96.17%
SBI S&P BSE Sensex Next 50 ETF109,2442.110.267,193,3272024-07-18-98.48%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value2.002.002.002.002.00
Basic EPS (Rs.)0.450.280.42-1.65-56.11
Diluted EPS (Rs.)0.440.280.42-1.65-56.11
Cash EPS (Rs.)0.380.400.58-1.25-12.82
Book Value[Excl.RevalReserv]/Share (Rs.)12.5814.1613.4513.2317.29
Book Value[Incl.RevalReserv]/Share (Rs.)12.5814.1613.4513.2317.29
Operating Revenue / Share (Rs.)8.247.897.598.0020.76
Net Profit / Share (Rs.)0.380.250.42-1.39-13.09
Net Profit After MI / Share (Rs.)0.380.250.42-1.39-13.09
Net Profit Margin (%)4.653.245.59-17.41-63.07
Net Profit After MI And SOA Nargin (%)4.653.245.59-17.41-63.07
Operating Profit Margin (%)-14.74-14.92-12.30-34.55-108.96
Return On Assets (%)0.310.200.33-1.27-6.37
Return On Equity / Networth (%)3.041.803.15-10.52-75.74
Net Interest Margin (X)1.982.222.032.712.63
Cost To Income (%)36.8542.0839.3861.1492.56
Interest Income / Total Assets (%)6.796.395.967.3210.10
Non-Interest Income / Total Assets (%)1.311.161.061.254.63
Operating Profit / Total Assets (%)-1.00-0.95-0.73-2.53-11.01
Operating Expenses / Total Assets (%)2.462.482.192.162.66
Interest Expenses / Total Assets (%)4.804.163.934.607.46
Enterprise Value (Rs.Cr.)406340.75325548.03291128.03259067.88241333.83
EV Per Net Sales (X)14.7214.3415.3112.939.26
Price To Book Value (X)1.841.060.911.181.30
Price To Sales (X)2.821.911.621.951.08
Retention Ratios (%)100.00100.00100.00100.00100.00
Earnings Yield (X)0.010.010.03-0.08-0.58

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 28.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 10.67% compared to the current price 25.8

Intrinsic Value: 48.77

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 89.03% compared to the current price 25.8

Last 5 Year EPS CAGR: 70.81%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Yes Bank Ltd:
    1. Net Profit Margin: 4.65%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: N/A% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: N/A% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): N/A
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: N/A
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 62.8 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✗ Total Debt / Equity: N/A
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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 Financial service activities, except insurance and pension funding. Company’s Total Operating Revenue is Rs. 19023.51 Cr. and Equity Capital is Rs. 5010.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Banks - Private SectorYES BANK House, Off Western Express Highway, Mumbai Maharashtra 400055shareholders@yesbank.in
http://www.yesbank.in
Management
NamePosition Held
Mr. R GandhiPart Time Chairman & Independent Director
Mr. Prashant KumarManaging Director & CEO
Mr. Rajan PentalExecutive Director
Mr. Sharad SharmaIndependent Director
Mr. Sanjay Kumar KhemaniIndependent Director
Mr. Sadashiv Srinivas RaoIndependent Director
Ms. Nandita GurjarIndependent Director
Ms. Rekha MurthyIndependent Director
Mr. Atul MalikIndependent Director
Mr. Thekepat Keshav KumarNominee Director
Mr. Sunil KaulNominee Director
Ms. Shweta JalanNominee Director
Mr. Sandeep TewariNominee Director

FAQ

What is the latest fair value of Yes Bank Ltd?

The latest fair value of Yes Bank Ltd is ₹28.55.

What is the Market Cap of Yes Bank Ltd?

The Market Cap of Yes Bank Ltd is 80,720 Cr..

What is the current Stock Price of Yes Bank Ltd as on 19 July 2024?

The current stock price of Yes Bank Ltd as on 19 July 2024 is 25.8.

What is the High / Low of Yes Bank Ltd stocks in FY 2024?

In FY 2024, the High / Low of Yes Bank Ltd stocks is 32.8/14.1.

What is the Stock P/E of Yes Bank Ltd?

The Stock P/E of Yes Bank Ltd is 62.8.

What is the Book Value of Yes Bank Ltd?

The Book Value of Yes Bank Ltd is 13.8.

What is the Dividend Yield of Yes Bank Ltd?

The Dividend Yield of Yes Bank Ltd is 0.00 %.

What is the ROCE of Yes Bank Ltd?

The ROCE of Yes Bank Ltd is 6.29 %.

What is the ROE of Yes Bank Ltd?

The ROE of Yes Bank Ltd is 3.23 %.

What is the Face Value of Yes Bank Ltd?

The Face Value of Yes Bank Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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