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Company details

23.60
25.45
14.40
32.85
6M Return 41.25%
1Y Return 45.12%
Mkt Cap.(Cr) 68,452.55
Volume 372,869,982
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 372,869,982

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Yes Bank 3-Year Lock-in Period Coming to an end

    Yes Bank is a private sector bank in India with a balance sheet size of ₹ 3.4 lakh crore as on December 2022.

    • The bank has a footprint of 1145 branches across India
    • Retail and SME comprise ~57% of total net advances
    • As a part of RBI’s Reconstruction Scheme 2020, State Bank of India initially infused capital of ₹6050 crore for a ~48% stake in Yes Bank. Under this scheme, the minimum price was ₹10 per share and it also contained a lock-in period of 3 years till March 2023 for all investors where-in no one can sell old shares in secondary market for 3 years. Additionally, under this scheme State Bank of India must hold at least 26% until March 2023.
    • State Bank of India’s original ~48% stake has reduced to ~26% as of December 2022 due to fund raising dilutions over time
    • We expect Yes Bank share prices to remain volatile as the lock-in period (prohibiting shares sale) ended on 13th March 2023 as cash transfer happened on 14th March 2020.

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YES Bank announced Q3FY24 results:

  • Net Profit for Q3FY24 reached Rs 231 crore, reflecting a 349.2% YoY growth and a 2.8% QoQ increase.
  • NIMs expanded QoQ, attributed to efficient Balance Sheet Management, despite facing challenges in Deposits and Funding Costs.
  • Momentum in Core Non-Interest Income sustained across diverse and granular fee streams, contributing to overall financial strength.
  • Continued cost efficiencies were observed, with the second successive quarter experiencing less than 1% QoQ rise in Operating Expenses.
  • Provision Costs remained flattish QoQ at 0.6%1 of Assets, despite 0.5% aging-related provisions on Security Receipts during the quarter.
  • The Balance Sheet exhibited robust growth momentum with continued enhancement in granularity.
  • Robust Deposit accretion and QoQ improvement in CASA (Current Account and Savings Account) Ratio were achieved, overcoming industry-wide challenges.
  • Acceleration in SME Advances growth and sustained momentum in the Corporate segment were notable highlights.
  • Stability and sustained improvement in Asset Quality parameters were observed, with a 30 bps QoQ reduction in (NNPA net carrying value of SR)% to 1.7%.
  • Resolution momentum remained strong, with Total Recoveries & Upgrades for Q3FY24 reaching Rs 1,316 crore. YTD FY24 cumulative recoveries and upgrades amounted to Rs 3,869 crore.
  • The stock was included in both BSE Next 50 and BSE 100 Indices, reflecting its significant market presence.
  • Recognized as the top Indian Bank with the highest S&P Global ESG Score in 2023, showcasing commitment to Environmental, Social, and Governance principles.

Commenting on the results and financial performance, Prashant Kumar, Managing Director & CEO, YES Bank said, “Over the last few quarters, we have remained focussed on executing our profitability improvement roadmap by leveraging our core and key business levers of 1) retail asset mix optimization, 2) our SME and Mid-Market strong value proposition, 3) fully exploiting our Branches as the key fulcrum of our Business, and 4) leveraging our Digital and Transaction Banking capabilities and partnerships and, lastly 5) fully sweating our Branches as the fulcrum of the business to drive higher cross-sell and lower our costs going forward. This is driven alongside a focused Priority Sector Lending (PSL) strategy.

The early progress of the above has started to reflect through several underlying business vectors which we have reported this quarter. Aside from that, Q3FY24 overall was a good quarter for us with deposit growth outpacing advance growth, sequential improvement in CASA ratio, and Net Interest Margins. We continued to maintain a healthy Liquidity Coverage Ratio (LCR) ratio. The value of Net NPA and net carrying value of Security Receipts (SR) reduced by 30 bps point and our profits saw a ~3.5x fold increase compared to Q3FY23.”

 

Result PDF

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Yes Bank Ltd shares SWOT Analysis

Strengths (6)

  • Company with high TTM EPS Growth
  • Companies with rising net profit margins - quarterly as well as TTM basis
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (6)

  • Red Flag: High Interest Payments Compared to Earnings
  • Companies with High Debt
  • Negative Breakdown Second Support (LTP < S2)

Opportunity (1)

  • Decrease in NPA in recent results

Threats (2)

  • High PE (PE > 40)
  • Increase in Provisions in Recent Results

Resistance and support

R1 25.0
R2 26.1
R3 26.8
Pivot

24.28

S1 23.1
S2 22.4
S3 21.3
EMA SMA
26.2
24.8
22.7
20.5
26.8
24.8
21.7
19.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MORGAN STANLEY ASIA (SINGAPORE) PTE. Bulk Purchase 2024-02-15 27.1 306305668 BSE
CA BASQUE INVESTMENTS Bulk Sell 2024-02-15 27.1 390000000 BSE
HRTI PRIVATE LIMITED Bulk Purchase 2024-02-09 31.21 146036341 NSE
Name Category Shares
HUF PUBLIC 0.97%

OUR RESEARCH VIEW

Investment recommendation
Yes Bank 3-Year Lock-in Period Coming to an end
Call Date
13 Mar 2023
Entry Price 17.00
Target Price NA
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Yes Bank Ltd Stocks COMPARISON

Financials( in Cr) Yes Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 23.80 1,409.40 1,046.20 742.50 1,683.60
% Change -5.18 -0.76 -1.32 -0.98 -1.36
Mcap Cr 68,452.55 1,070,084.84 733,891.10 662,652.44 334,641.09
Revenue TTM Cr 22,702.16 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 735.82 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 69.75 18.28 17.54 9.69 19.45
1 Year Return 45.12 -11.52 22.16 40.70 -2.45
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 1.54 17.20 17.66 18.44 14.14
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 39,769.79 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,580.50 -5,207.40
LAST 3M 60,912.34 -26,979.54
LAST 6M 120,020.87 9,689.82
LAST 12M 181,151.65 180,381.32
Yes Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 23, 2024 l NSE Announcement

Yes Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 22, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Yes Bank Ltd Information

Stock PE (TTM)
69.75
Promoter Holding
0%
Book Value
14.1605
ROE
1.54%
Description
  • Yes Bank Ltd is an Indian-based commercial bank that was founded in the year 2004 headquartered in Mumbai. The bank has a presence in over 710+ cities with 1200+ branches and 1300+ ATM units. The company offers a wide range of products and services like digital savings account, savings account, fixed deposits, loans, credit cards, online loan payments, insurance claim intimation, Aadhar updating facility, and many more. With its diversified products and service range, Yes Bank caters to Retail, MSME and Corporate clients.

    FY 2022-2023 was a milestone year for Yes Bank Ltd as the company booked its operating profit at Rs.3,183 crores an increase of 9.2% Y-o-Y whereas the net profits stood at Rs.717 crores for the same year. The total income of Yes Bank Ltd was Rs. 11,844 crores for the year ending 31st march 2023 (an increase of 21.4% Y-o-Y). The market capitalization of

    Yes Bank Ltd share price was Rs. Rs.20.95 on 26th December 2023. The share price of the company has seen high fluctuations over the year. In the last one year, the yes bank share price increased by 4.7% and by 31.46% in the last 6 months. The 52-week high of Yes Bank share price stands at Rs.22.8 on 18th December 2023 and the 52-week low of Yes Bank share price stands at Rs. 14.75 on 28th March 2023.

    With continues change in management and policies, Yes Bank is evolving to transform the digital financial services in India.

Registered Address

YES BANK Tower IFC-2 15th Flr, Senapati Bapat Marg Elphinston, Mumbai, Maharashtra, 400013

Tel : 91-22-33669000
Email : yestouch:yesbank.in
Website : http://www.yesbank.in
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532648
NSE Code : YESBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE528G01035

FAQ’s on Yes Bank Ltd Shares

You can buy Yes Bank shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Yes Bank Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 28, 2024 03:59 PM the closing price of Yes Bank Ltd was ₹ 23.80.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 28, 2024 03:59 PM, the market cap of Yes Bank Ltd stood at ₹ 68,452.55.

The latest PE ratio of Yes Bank Ltd as of Feb 28, 2024 03:59 PM is 69.75

The latest PB ratio of Yes Bank Ltd as of Feb 28, 2024 03:59 PM is 0.56

The 52-week high of Yes Bank Ltd is ₹ 32.85 while the 52-week low is ₹ 14.40

According to analyst recommendations, Yes Bank Ltd has a “Buy” rating for the long term.

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