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Yes Bank Limited
(YESBANK)
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Rating:56Neutral
Price Target:
₹23.50
▲(4.96% Upside)
Action:Reiterated
Date:08/07/26
The score is primarily supported by improving fundamentals from a multi-year profitability and leverage recovery, but it is capped by recent revenue contraction and historically choppy cash flow. Technicals are currently soft (negative MACD, sub-50 RSI and trading below short-term moving averages), while valuation appears broadly moderate based on the available P/E and no dividend data.
Positive Factors
Profitability recovery and margin expansion
Yes Bank's shift from losses to solid net income and an operating margin near 12% in FY2026 represents a structural earnings recovery. Sustained margins at this level improve internal capital generation, allow for reserve building and reinvestment, and reduce dependence on one-off gain drivers.
Negative Factors
Recent revenue contraction
Top-line weakness and inconsistent revenue trends mean earnings gains have been driven more by cost control and credit improvement than durable franchise growth. Persistent revenue decline would limit sustainable profitability, constrain reinvestment and credit origination over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery and margin expansion
Yes Bank's shift from losses to solid net income and an operating margin near 12% in FY2026 represents a structural earnings recovery. Sustained margins at this level improve internal capital generation, allow for reserve building and reinvestment, and reduce dependence on one-off gain drivers.
Read all positive factors
Yes Bank Limited (YESBANK) vs. iShares MSCI India ETF (INDA)
Market Cap
₹649.74B
Dividend Yield1.34%
Average Volume (3M)4.09M
Price to Earnings (P/E)17.4
Beta (1Y)1.24
Revenue Growth0.75%
EPS Growth37.73%
CountryIN
Employees29,577
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.19
Shares Outstanding31,388,445,000
10 Day Avg. Volume4,713,345
30 Day Avg. Volume4,093,513
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)1.06
Price to Sales (P/S)1.45
P/FCF Ratio3.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹21.00Price Target Upside-6.21% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)1.47
Revenue Forecast (FY)₹193.26B
Yes Bank Limited Business Overview & Revenue Model
Company Description
Yes Bank Limited, an Indian financial institution, delivers a comprehensive array of banking and financial solutions primarily within India. Its operations are organized into key divisions: Treasury, Corporate/Wholesale Banking, Retail Banking, an...
How the Company Makes Money
Yes Bank primarily earns money through interest-based and fee-based income streams typical of a commercial bank. (1) Net interest income: The bank pays interest on customer deposits and other borrowings and earns interest on loans and advances and...
Yes Bank Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 377.89B | 372.93B | 388.28B | 335.06B | 241.69B | 216.46B |
| Gross Profit | 166.98B | 159.30B | 168.30B | 139.78B | 93.70B | 91.17B |
| EBITDA | 48.70B | 52.21B | 37.17B | 20.83B | 14.15B | 14.67B |
| Net Income | 37.75B | 35.12B | 24.46B | 12.85B | 7.36B | 10.64B |
Balance Sheet | ||||||
| Total Assets | 4.63T | 4.70T | 4.24T | 4.06T | 3.55T | 3.19T |
| Cash, Cash Equivalents and Short-Term Investments | 236.11B | 383.47B | 285.67B | 634.06B | 193.56B | 28.28B |
| Total Debt | 685.09B | 654.51B | 719.71B | 911.56B | 891.19B | 873.57B |
| Total Liabilities | 4.11T | 4.19T | 3.76T | 3.64T | 3.14T | 2.85T |
| Stockholders Equity | 524.36B | 511.58B | 478.32B | 421.55B | 407.18B | 336.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 141.06B | -125.46B | 86.64B | -266.08B | 231.87B |
| Operating Cash Flow | 0.00 | 148.45B | -118.04B | 96.45B | -258.16B | 12.77B |
| Investing Cash Flow | 0.00 | -331.46B | 85.27B | -124.31B | -129.04B | -145.11B |
| Financing Cash Flow | 0.00 | 280.63B | 125.39B | 516.18B | 114.50B | 426.08B |
Yes Bank Limited Technical Analysis
Negative
22.39
Price Trends
22.57
Negative
22.99
Negative
21.84
Negative
Market Momentum
-0.40
Positive
29.13
Positive
3.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:YESBANK, the sentiment is Negative. The current price of 22.39 is below the 20-day moving average (MA) of 22.45, below the 50-day MA of 22.57, and above the 200-day MA of 21.84, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 29.13 is Positive, neither overbought nor oversold. The STOCH value of 3.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:YESBANK.
Yes Bank Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹9.37T | 16.71 | ― | 0.91% | 5.08% | 4.84% | |
70 Outperform | ₹11.09T | 14.04 | ― | 2.16% | 1.75% | 11.25% | |
69 Neutral | ₹4.18T | 20.51 | ― | 0.15% | 5.94% | 7.82% | |
62 Neutral | ₹3.78T | 13.61 | ― | 0.08% | 4.10% | -0.66% | |
56 Neutral | ₹649.74B | 17.44 | ― | 1.34% | 0.75% | 37.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
39 Underperform | ₹685.64B | 52.26 | ― | 0.17% | -6.52% | 31.06% |
* General Sector Average
IN:YESBANK
Yes Bank Limited
20.70
-1.23
-5.61%
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1,305.50
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419.80
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Yes Bank Limited Corporate Events
CRISIL Upgrades Yes Bank Long-Term Ratings on Stronger Credit Profile and SMBC Support
Aug 5, 2026
CRISIL has upgraded Yes Bank’s long-term ratings on its infrastructure bonds and Basel III Tier II bonds to ‘CRISIL AA+/Stable’ from ‘CRISIL AA-/Stable’, while reaffirming the ‘CRISIL A1+’ short-term ratin...
Yes Bank Sets Virtual AGM, Details E‑Voting Process for Shareholders
Jul 26, 2026
Yes Bank has announced that its 22nd Annual General Meeting will be held on 19 August 2026 via video conferencing and other audio-visual means, reflecting the continued use of virtual formats in Indian corporate governance. The bank has published ...
Yes Bank Sets August 19, 2026, AGM, Moves to Fully Digital Shareholder Outreach
Jul 24, 2026
Yes Bank has scheduled its 22nd Annual General Meeting for August 19, 2026, to be held at 10:30 a.m. IST through video conferencing and other audio-visual means, in line with guidance from Indian regulators. The bank has released the AGM notice an...
Yes Bank Releases FY 2025-26 Integrated Annual and Sustainability Reports Ahead of AGM
Jul 24, 2026
Yes Bank Limited has released its Integrated Annual Report for the financial year 2025-26, which includes the Business Responsibility and Sustainability Report and an independent reasonable assurance opinion by CNK Associates LLP. The documents, ...
Yes Bank shares FY 2025-26 annual report and sets virtual AGM
Jul 24, 2026
Yes Bank has notified stock exchanges that it is circulating the web link to its Integrated Annual Report for FY 2025-26 to shareholders who have not registered their email addresses, in line with SEBI Listing Regulations. The bank has also hosted...
Yes Bank posts strong loan growth and robust liquidity in provisional Q1 FY27 metrics
Jul 3, 2026
Yes Bank has disclosed key provisional operating metrics for the quarter ended June 30, 2026 ahead of its formal financial results, showing continued expansion in its loan book and a mixed trend in deposit flows. Loans and advances rose 4.3% quart...
Yes Bank Faces Reduced GST Penalty, Plans to Challenge Order
Jun 21, 2026
Yes Bank has disclosed that it received an appellate order from the Uttar Pradesh GST department for FY 2021-22, confirming a penalty of Rs. 3.02 crore along with tax demand and interest under the CGST Act. The order, issued by the Additional Comm...
Yes Bank Says GST Appeal Order Confirms Existing Rs 63.27 Crore Demand
Jun 6, 2026
Yes Bank has disclosed that it received an Order-in-Appeal from the Maharashtra GST department confirming an existing goods and services tax demand for the period July 2017 to June 2018. The order, issued under Section 107(11) of the CGST Act, uph...
Yes Bank Files Investor Presentation With Indian Stock Exchanges
Jun 1, 2026
Yes Bank Limited has submitted an investor presentation to the National Stock Exchange of India and BSE Limited in accordance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. The bank has also m...
Yes Bank Details Investor Meetings at Goldman Sachs Asia Financials Event
Jun 1, 2026
Yes Bank has reported the outcome of its participation in the Goldman Sachs Asia Financials Corporate Day 2026, where it held a virtual group meeting on June 1 with a range of global and domestic institutional investors, including major asset mana...
NSE Penalises Yes Bank Subsidiary YES Securities With Fines and Onboarding Ban
May 26, 2026
Yes Bank’s brokerage subsidiary, YES Securities (India) Limited, has been penalised by the National Stock Exchange of India for compliance lapses related to margin practices, drawing a monetary fine of Rs. 1 lakh and a three‑month ban ...
Moody’s lifts Yes Bank to Ba1 as asset quality and funding strengthen
May 11, 2026
Moody’s Ratings has upgraded Yes Bank’s long-term foreign and local currency deposit and issuer ratings to Ba1 from Ba2, along with an uplift in its baseline credit assessment to ba2, while affirming short-term ratings and maintaining ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.