X

Yes Bank Ltd. Stock Analysis

Large Cap
Evaluated by 13796 users | BSE: 532648 | NSE: YESBANK |
Bank - Private
Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank. Since inception Yes Bank has fructified into a ‘“Full Service Commercial Bank” that has steadily built Corporate and Institutional Banking, Financial Markets, Investment...
1. Right Stock
Not Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Yes Bank Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Net Interest Income (Rs. Cr.)1,2471,6162,2192,7163,4884,5675,7977,7379,8096,805
Y-o-Y Gr. Rt.33-29.6%37.3%22.4%28.4%30.9%27%33.5%26.8%-30.6%
Total Income4,6657,1649,55111,70313,61816,24620,58125,49134,21537,923
Y-o-Y Gr. Rt.-53.6%33.3%22.5%16.4%19.3%26.7%23.9%34.2%10.8%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
4.195.547.258.979.612.0814.5918.347.43-13.08
Y-o-Y Gr. Rt.-32.2%30.9%23.7%7%25.8%20.8%25.7%-59.5%-276%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
21.8626.532.3939.555.9265.5796.63111.85116.2217.31
Y-o-Y Gr. Rt.-21.2%22.2%22%41.6%17.3%47.4%15.8%3.9%-85.1%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)
  • >1.25 : Very Good
  • 1-1.25 : Somewhat Good
  • <1 : Not Good
Net Profit/Total Funds (%)1.521.471.511.551.641.681.751.60.5-5.14
To view Net NPA to Net Advances (%) Colour Rating Guide click here
Net NPA to Net Advances (%): Colour Rating Guide
  • < 0.5 : Very Good
  • 0.5-1 : Somewhat Good
  • >1: Not Good
Net NPA to Net Advances (%)0.030.050.010.050.120.290.810.641.865.03
To view Capital Adequacy Ratio Colour Rating Guide click here
Capital Adequacy Ratio: Colour Rating Guide
  • > 12% : Very Good
  • 9%-12% : Somewhat Good
  • <9%: Not Good
Capital Adequacy Ratio - - - - - - - - - 0%
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Yes Bank Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Interest Income20.8%14.3%5.5%-30.6%
Total Income26.2%22.7%22.6%10.8%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-213.5%-206.4%-196.4%-276%
Book Value per Share
-2.6%-20.9%-43.6%-85.1%
Share Price -14.4% -37.8% -66.4% -72.6%
Key Financial Ratios
RATIOS \ YEARSMar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Interest Earned / Total Income86.6488.0486.8485.2984.9783.3179.879.5186.5868.74
Margins
To view Margins Colour Rating Guide click here
Margins: Colour Rating Guide
  • >2.75 : Very Good
  • 1.75-2.75 : Somewhat Good
  • <1.75 : Not Good
NIM (%)2.22.332.362.652.762.942.872.612.743.04
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15% : Very Good
  • 12%-15% : Somewhat Good
  • <12% : Not Good
Return on Equity (%)21.1323.0724.8125.0221.3319.9418.5817.676.53-67.52
Liquidity Ratio
To view Liquidity Ratio Colour Rating Guide click here
Liquidity Ratio: Colour Rating Guide
  • >35 : Very Good
  • 25-35 : Somewhat Good
  • <25 : Not Good
CASA (%) 10.3415.0418.9522.0323.1228.0536.336.4533.0626.63
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Institutions 70.77%
Non-Institutions 29.23%
Pledged *3.623.623.633.643.643.6435.052.591.690.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Yes Bank and arrived at the following conclusion:

Past 10 year's financial track record indicates that Yes Bank is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Yes Bank's performance infers:

Yes Bank earnings have declined by -206.4%, whereas share price has depreciated -37.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Yes Bank share prices over the last 10 years. Here is what we found out:

Yes Bank share price has depreciated -15.1% annually over the past ten years.

Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank. Since inception Yes Bank has fructified into a ‘“Full Service Commercial Bank” that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to

Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank. Since inception Yes Bank has fructified into a ‘“Full Service Commercial Bank” that has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the country, and is well equipped to offer a range of products and services to corporate and retail customers.

YES BANK offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions and liquidity management solutions among others to a highly focused client base.

The bank is part of global thought leadership forums like the Clinton Global Initiative (CGI), Triple Bottom Line Investing (TBLI) and Tallberg Forum. Recently, it became the first Indian Bank to become a signatory with the United Nations Environment Programme (Financial Initiative).

As part of the differentiated strategy, Yes Bank has had a strong focus on Development Banking, as is evident from the cutting-edge work that the Bank has done in the area of Food & Agribusiness, Infrastructure, Microfinance, and Sustainability which in most cases has been first-of-its kind in India

Yes Bank has partnered with various companies for delivering quality products and services namely Cash Tech, Cisco Systems, Gartner, Intel, i-flex, Reuters, VSNL, Wipro, De La Rue, Murex, Wincor Nixdorf and Sanovi.

The bank also has a widespread branch network of over 331 branches across 200 cities, with over 420 ATM's and 2 National Operating Centres in Mumbai and Gurgaon.

Business Areas

Corporate and Institutional Banking- The bank offers a broad range of financial and risk management solutions to clients such as large Indian corporates and groups, multinational companies, central and state governments, government bodies and public sector enterprises.

Business Banking- Yes Bank offers a range of products, services and resources to small and medium businesses.

Corporate Finance- It offers corporate finance solutions to various clients such as local corporates, multinational companies, financial institutions and public sector undertakings.

Retail Banking- Under this, the  bank offers wide range of products and services such as saving account, current account, fixed deposit, retail loan, depository services and many more.

Investment Banking- Yes Bank offers investment banking services in area of mergers and acquisitions, divestitures, private equity syndication and IPO advisory.

Awards & Recognitions :

In March 2014- The Bank was awarded the “Ramkrishna Bajaj National Quality (RBNQ) Business Excellence Award - 2013” in the Services Category. Organized by Indian Merchants’ Chamber, YES BANK is the only bank to win this prestigious award in the history of the RBNQ Award.

Outstanding Business Sustainability Achievement Karlsruhe Sustainable Finance Awards Germany, 2013

Jamnalal Bajaj Uchit Vyavahar Puraskar (Service Enterprises-Large) Council for Fair Business Practices (CFBP) 2012

Financial Institutions Syndicated Deal of the Year, Asia Pacific Region Asia Pacific Loan Market Association (APLMA) 2012

Global Business Excellence Award, Dubai, 2013

Sustainability Award, London, 2012 Golden Peacock

Institutional Excellence

  • YES BANK receives the 'Fastest Growing Bank' Award third year in a row at the Business world Best Bank Awards 2011
  • YES BANK receives the Best Private Sector Bank Award at Dun & Bradstreet - Polaris Software Banking  Awards 2011
  • YES BANK receives “Sustainable Bank of the Year (Asia/Pacific)” Award at FT/IFC Sustainable Finance Awards 2011, London

Business Excellence

1) YES BANK won seven awards at Asia’s Best Employer Brand Awards and the CMO Asia Awards for    Excellence in Branding and Marketing that were held on July 22, 2011 in Singapore. The bank received awards in the following categories:

  • Continuous Innovation in HR Strategy at Work
  • Talent Management
  • Best HR Strategy in Line with Business
  • Excellence in HR through Technology
  • CEO of the Year Award to Mr. Rana Kapoor
  • Brand Excellence in Banking, Financial Services & Insurance
  • Best Corporate Social Responsibility Practice (Overall)

2) YES BANK received 'The Asian Banker Technology Implementation Awards 2011'

  • Won the Best Multi-channel Capability Project Award for increasing its distribution and optimizing its mobile banking services
  • Won the Best Financial Supply Chain Project Award for streamlining a client’s business processes into a single work flow, automating remittances and allowing for faster and more accurate reconciliation

3) YES BANK’s Chief Information Security Officer ranked as one of the Top 100 CISOs at the TOP 100 CISO Awards 2011.

4) YES BANK receives significant recognition at The Banker Technology Awards 2011

  • Won the Commercial Banking Project of the Year Award
  • Innovation in Cash and Treasury Technology
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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