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Yes Bank

YESBANK NSE
₹15.73 +0.35 (+2.28%)
P/E
13.22
View as Markdown
MCP
Close 4 Nov 2026 ₹15.73 −6.90 −30.5% 1Y
Start ₹22.63

Key Fundamentals

MidcapBanksFinancial Services

Price-based figures as of · EPS basis: Consolidated · TTM

EPS (TTM)
₹1.19
Book Value
₹17.00
Market Cap
—
P/E (TTM)
13.22
P/B
0.93
ROE
7.10%
Dividend Yield
0.00%
52W High
₹25.78
52W Low
₹15.10
Day Range
₹15.22 – ₹15.75
Volume
12,23,45,435
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Peer Comparison

Financial Services › Banks › Private Bank › Private Sector Bank

Yes Bank peer comparison
HDFC Bank
₹736.7014.16₹11,37,598 Cr1.882.48%13.60%—₹3,59,956 Cr₹83,685 Cr
ICICI Bank
₹1,424.1017.28₹10,25,874 Cr2.670.84%15.90%—₹2,06,190 Cr₹62,827 Cr
Kotak Bank
₹459.4021.29₹4,58,686 Cr2.350.14%11.40%—₹73,545 Cr₹21,472 Cr
Axis Bank
₹1,232.0012.79₹3,83,779 Cr1.670.08%13.10%—₹1,41,510 Cr₹30,038 Cr
IDBI Bank
₹79.2910.26₹83,815 Cr1.322.70%14.10%—₹30,953 Cr₹8,329 Cr
Federal Bank
₹335.2015.94₹81,875 Cr2.010.36%11.60%—₹31,552 Cr₹5,387 Cr
Indusind Bank
₹865.1550.98₹66,694 Cr1.000.18%1.36%—₹45,297 Cr₹1,322 Cr
Yes Bank (this company)
₹15.7313.22₹48,150 Cr0.930.00%7.10%—₹30,658 Cr₹3,775 Cr
Median 8 companies₹598.0515.05₹2,33,797 Cr1.780.27%12.35%—₹59,421 Cr₹14,901 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

38 Weak

Data confidence 100/100

Category scores

Quality
27
Poor
Returns, margins, earnings quality 22% weight
Valuation
54
Average
Cheap vs sector & own history 24% weight
Growth
23
Poor
Sales & profit trajectory 9% weight
Financial Health
25
Poor
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
54
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 24.6% CAGR over last 5 years

Weaknesses

7
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.55% over past five years.
  • Company has a low return on equity of 5.33% over last 3 years.
  • Contingent liabilities of Rs.12,24,826 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.7,130 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1225
OscillatorsBullish324
Moving AveragesStrong Bearish901

Key readings

RSI (14)
27.26
Bullish
MACD (12,26,9)
−1.59
Bearish
SMA (50)
20.38
Bearish
SMA (200)
21.38
Bearish

As of

Analyst Rating

Based on 13 analysts
SELL77%

1 of 13 analysts rate Buy, 2 Hold, 10 Sell.

As of

BUY
1
8%
HOLD
2
15%
SELL
10
77%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+8.36%
5Y+8.55%
3Y+9.99%
1Y−2.30%
TTM−0.45%

Net profit

Net profit growth by window
10Y+3.33%
5YTurned to profit
3Y+68.35%
1Y+43.52%
TTM+37.77%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹16,425 Cr
Mar 2018₹20,269 Cr
Mar 2019₹29,624 Cr
Mar 2020₹26,052 Cr
Mar 2021₹20,039 Cr
Mar 2022₹19,019 Cr
Mar 2023₹22,702 Cr
Mar 2024₹27,606 Cr
Mar 2025₹30,919 Cr
Mar 2026₹30,208 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹3,340 Cr
Mar 2018₹4,233 Cr
Mar 2019₹1,709 Cr
Mar 2020−₹16,433 Cr
Mar 2021−₹3,489 Cr
Mar 2022₹1,064 Cr
Mar 2023₹736 Cr
Mar 2024₹1,285 Cr
Mar 2025₹2,447 Cr
Mar 2026₹3,512 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EPS
₹0.38 +8.6% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

As of 2026-10-30, Yes Bank trades at ₹15.15 with a market cap of ₹47,554 Cr, sitting just above its 52-week low of ₹15.10 and well below its 52-week high of ₹25.78. The stock trades at a P/B of 0.89 and P/E of 12.73, with ROE improving to 6.86% but still below industry benchmarks, while significant contingent liabilities of ₹12,24,826 Cr remain an overhang.

Bull Case 7
  • Strong profit growth trajectory with TTM profit growth of 38% and a 3-year compounded profit CAGR of 69%, indicating a sustained earnings recovery
  • Trading at a P/B of 0.89 — below book value — which is uncommon for a bank that has returned to consistent profitability
  • 5-year compounded profit CAGR of 25% demonstrates the bank's turnaround from its 2020 crisis and improving asset quality
  • ROE has improved from a 10-year average of 0% to 7% last year (6.86% as of 2026-10-30), showing a clear upward trend in return generation
  • P/E of 12.73 is modest relative to several mid-cap banking peers, offering room for re-rating if earnings momentum sustains
  • Stock is trading at ₹15.15, nearly at its 52-week low of ₹15.10, suggesting much of the negative sentiment may already be priced in
  • Compounded sales CAGR of 10% over 3 years shows the bank is growing its revenue base steadily despite a challenging post-restructuring environment
Bear Case 8
  • Contingent liabilities stand at a massive ₹12,24,826 Cr — roughly 25x the bank's market cap of ₹47,554 Cr — representing a significant tail risk
  • The stock has declined 41% from its 52-week high of ₹25.78 to ₹15.15, and the 1-year stock CAGR is -15%, reflecting persistent negative market sentiment
  • ROE of 6.86% and 3-year average ROE of just 5% remain well below the 12-15% typically expected from healthy Indian banks
  • Zero dividend yield despite reporting repeated profits suggests the bank is unable or unwilling to return capital to shareholders
  • Low interest coverage ratio indicates the bank's earnings may not comfortably service its debt obligations
  • Earnings quality is questionable with other income of ₹7,130 Cr forming a notable portion of profits, and potential capitalization of interest costs
  • Sales growth of approximately 8.55% over five years is poor for an Indian bank in a growing economy, and TTM sales growth has slowed to 0%
  • 10-year stock CAGR of -22% reflects deep long-term value destruction, and the 10-year ROE averages 0%, underscoring the severity of the bank's past troubles

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Yes Bank is dominated by a single event: the Supreme Court's Oct 15 ruling reinstating ₹8,415 crore in AT1 bonds, which has driven a ~29% share price decline and reduces pro forma CET1 to ~11.4%. Underlying operations show solid loan growth of 18% YoY and vastly improved asset quality (GNPA at 1.3%), but these are overshadowed by the ₹772 crore annual coupon liability, trustee contempt threats, and auditor qualification. The near-term trajectory hinges on the review petition outcome, the coupon payment decision, and timing of the approved ₹7,500 crore equity raise — until these resolve, the AT1 overhang will continue to weigh on the stock.

Headwinds 5
  • SC upholds ₹8,415 cr AT1 reinstatement Oct 15

    Supreme Court dismissed appeals by Yes Bank, RBI, and the Centre, upholding the Bombay High Court's order quashing the March 2020 write-down of ₹8,415 crore in AT1 bonds. Shares crashed 15% on Oct 15 and have fallen ~29% since Oct 14, touching a 52-week low of ₹15.15 on Oct 30.

  • CET1 ratio drops ~240 bps Oct 31

    Reinstating AT1 bonds reduces pro forma CET1 from 13.7% to roughly 11.4%, a level management called 'not ideal.' The post-tax P&L impact is estimated at ~₹6,300 crore, approximately 1.8x FY26 PAT of ₹3,476 crore.

  • ₹772 cr annual coupon overhang Oct 31

    If both AT1 tranches (9% on ₹5,415 crore and 9.5% on ₹3,000 crore) resume coupons, annual payouts total ~₹772 crore or 22% of FY26 profit. The Oct 18 coupon date passed without payment; management has not disclosed its decision.

Positives 4
  • ESG rating improves to 79 Oct 16

    NSE Sustainability assigned Yes Bank an ESG rating of 79 for FY26, up from 77 in the prior year, based on independent assessment of public disclosures.

  • Board approves ₹7,500 cr equity raise Oct 31

    The board has approved raising up to ₹7,500 crore in equity if growth visibility improves, with SMBC retaining pre-emptive rights. DTA pool of ₹4,380 crore could add ~119 bps to CET1 over time.

  • Loan growth and asset quality strong Oct 21

    Overall loan growth stood at 18% YoY with corporate banking up 30%. Gross NPA improved from 13.9% in FY22 to 1.3% in FY26, and net NPA fell to 0.2%.

Neutral 6
  • Bondholders seek regulatory intervention Oct 27

    The AT1 Bond Holders Association representing 389 individuals (~₹160 crore exposure, 293 aged 60+) wrote to RBI, SEBI, and the finance ministry seeking time-bound reinstatement and coupon payments within 15 days.

  • Yes Bank to file SC review petition Oct 16

    Yes Bank plans to file a review petition in the Supreme Court; RBI is evaluating whether to join. The bank said it remains committed to acting in accordance with the judgment and applicable law.

  • Kotak MF suspends two scheme subscriptions Oct 15

    Kotak Mahindra MF halted fresh subscriptions in its Medium Term Fund and Credit Risk Fund from Oct 15 due to AT1 bond exposure currently valued at nil, citing potential significant NAV increase.

Quarterly Results

₹ Cr
YESBANK quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
6,445
6,714
6,989
7,458
7,725
7,737
7,833
7,623
7,605
7,389
7,553
7,662
8,054
Expenses
2,726
2,883
2,948
3,340
2,820
2,984
2,969
3,080
3,110
3,129
2,961
2,999
3,345
Financing Profit
−730
−962
−934
−1,191
−580
−791
−753
−809
−740
−833
−501
−366
−559
Fin. Margin %
−11%
−14%
−13%
−16%
−8%
−10%
−10%
−11%
−10%
−11%
−7%
−5%
−7%
Other Income
1,192
1,267
1,255
1,642
1,271
1,488
1,583
1,815
1,825
1,724
1,720
1,816
1,870
Interest
4,449
4,794
4,975
5,309
5,486
5,544
5,617
5,352
5,235
5,093
5,093
5,030
5,269
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
462
304
320
451
691
697
830
1,006
1,085
891
1,218
1,449
1,311
Tax %
25%
25%
24%
−4%
25%
19%
25%
26%
25%
25%
21%
25%
18%
Net Profit
347
229
243
467
516
567
619
745
809
664
957
1,082
1,072
EPS (₹)
0.12
0.08
0.08
0.16
0.16
0.18
0.2
0.24
0.26
0.21
0.3
0.34
0.34
Gross NPA %
2%
2%
2%
1.7%
1.7%
1.6%
1.6%
1.6%
1.6%
1.6%
1.5%
1.3%
1.3%
Net NPA %
1%
0.9%
0.9%
0.6%
0.5%
0.5%
0.5%
0.3%
0.3%
0.3%
0.3%
0.2%
0.2%

Profit & Loss

₹ Cr
YESBANK profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
11,572
13,533
16,425
20,269
29,624
26,052
20,039
19,019
22,702
27,606
30,919
30,208
30,658
Expenses
2,548
3,429
4,790
6,595
11,834
39,246
14,937
8,058
10,371
11,350
11,360
11,621
12,434
Financing Profit
940
1,139
1,008
1,144
−2,021
−32,452
−7,509
−1,568
−2,468
−3,272
−2,439
−1,863
−2,260
Fin. Margin %
8%
8%
6%
6%
−7%
−125%
−37%
−8%
−11%
−12%
−8%
−6%
−7%
Other Income
2,048
2,729
4,218
5,293
4,675
11,956
3,107
3,405
3,883
5,355
6,157
7,084
7,130
Interest
8,083
8,965
10,627
12,529
19,811
19,258
12,611
12,528
14,800
19,527
21,998
20,450
20,484
Depreciation
86
112
173
232
305
342
360
403
433
546
493
578
0
PBT
2,902
3,756
5,053
6,205
2,349
−20,838
−4,762
1,434
981
1,538
3,224
4,643
4,870
Tax %
31%
33%
34%
32%
27%
−21%
−27%
26%
25%
16%
24%
24%
—
Net Profit
1,997
2,530
3,340
4,233
1,709
−16,433
−3,489
1,064
736
1,285
2,447
3,512
3,775
EPS (₹)
9.56
12.03
14.63
18.38
7.38
−13.09
−1.39
0.42
0.26
0.45
0.78
1.12
1.19
Div. Payout %
19%
17%
16%
15%
27%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
YESBANK balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
418
421
456
461
463
2,510
5,011
5,011
5,751
5,754
6,271
6,276
Reserves
11,248
13,342
21,583
25,292
26,424
19,185
28,127
28,688
34,967
36,402
41,562
44,882
Borrowing
26,220
31,659
38,607
74,894
1,08,424
1,13,790
63,949
72,340
77,754
80,508
71,971
65,451
Deposits
91,159
1,11,704
1,42,857
2,00,689
2,27,558
1,05,311
1,62,846
1,97,063
2,17,382
2,66,230
2,84,420
3,18,969
Other Liabilities
7,098
8,117
11,556
11,115
17,990
17,036
13,660
15,476
19,350
17,469
19,892
34,626
Total Liabilities
1,36,143
1,65,243
2,15,060
3,12,450
3,80,860
2,57,832
2,73,593
3,18,578
3,55,204
4,06,362
4,24,116
4,70,204
Fixed Assets
296
414
612
765
778
730
2,096
2,016
2,156
2,509
2,872
3,097
CWIP
26
60
75
72
51
294
63
125
296
357
206
101
Investments
43,193
48,788
49,982
68,293
89,329
43,748
43,115
51,754
76,749
89,997
84,725
87,755
Other Assets
92,628
1,15,980
1,64,391
2,43,319
2,90,701
2,13,061
2,28,320
2,64,683
2,76,003
3,13,499
3,36,313
3,79,251
Total Assets
1,36,143
1,65,243
2,15,060
3,12,450
3,80,860
2,57,832
2,73,593
3,18,578
3,55,204
4,06,362
4,24,116
4,70,204

Cash Flow

₹ Cr
YESBANK cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−2,317
−304
4,384
−21,810
−24,573
−57,721
55,396
23,598
−25,816
9,645
6,386
21,217
Investing
−3,591
−4,023
−4,478
−8,738
−6,235
14,128
441
−14,566
−13,026
−12,453
8,514
−4,952
Financing
7,574
4,989
11,429
35,748
33,039
25,038
−34,942
8,391
11,450
2,771
−5,651
−6,485
Net Cash Flow
1,666
662
11,336
5,199
2,231
−18,555
20,895
17,423
−27,392
−38
9,249
9,780
Free Cash Flow
−2,428
−569
3,999
−22,195
−24,871
−58,256
55,137
23,199
−26,555
8,683
5,665
20,515
CFO/OP
−14
10
54
−143
−123
433
1,101
216
−209
62
33
109

Ratios

YESBANK financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
21%
20%
19%
18%
6%
−68%
−13%
3%
2%
3%
5%
7%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Yes Bank insights

85 extracted metrics across FY08–FY27.

Shareholding Pattern

As of Sep 2026

  • FIIs 47.82%
  • Public 25.05%
  • DIIs 23.07%
  • Others 4.07%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Yes Bank

What does Yes Bank Ltd do?
Incorporated in 2003, Yes Bank Ltd is engaged in providing a wide range of banking and financial services
Where is Yes Bank Ltd (YESBANK) listed?
Yes Bank Ltd trades as YESBANK on the NSE and under code 532648 on the BSE.
Which sector does Yes Bank Ltd belong to?
Yes Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of Yes Bank Ltd?
Yes Bank Ltd trades at a PE ratio of 13.22 as of 4 Nov 2026, on earnings per share of ₹1.19, against a book value of ₹17 per share.
What is the 52-week high and low of Yes Bank Ltd?
Over the last 52 weeks Yes Bank Ltd has traded between ₹15.1 and ₹25.78 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Yes Bank Ltd?
Yes Bank Ltd reported a return on equity of 7.10%.

Company Information

Incorporated in 2003, Yes Bank Ltd is engaged in providing a wide range of banking and financial services

Website yesbank.in
CEO Mr. Prashant Kumar
Employees 28,690
Listed 12 Jul 2005
Face Value ₹2

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