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YESBANK - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.2

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.2

Stock Code YESBANK Market Cap 66,335 Cr. Current Price 21.1 ₹ High / Low 24.3 ₹
Stock P/E 21.1 Book Value 16.0 ₹ Dividend Yield 0.00 % ROCE 6.34 %
ROE 5.38 % Face Value 2.00 ₹ DMA 50 22.0 ₹ DMA 200 21.3 ₹
Chg in FII Hold 0.79 % Chg in DII Hold 0.33 % PAT Qtr 952 Cr. PAT Prev Qtr 654 Cr.
RSI 40.2 MACD -0.27 Volume 6,37,22,782 Avg Vol 1Wk 12,99,91,146
Low price 16.0 ₹ High price 24.3 ₹ PEG Ratio 0.68 Debt to equity 7.09
52w Index 61.8 % Qtr Profit Var 55.4 % EPS 1.00 ₹ Industry PE 15.8

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT improved from 654 Cr. to 952 Cr. (+55.4%), showing strong sequential growth.
  • Margins & Returns: ROCE at 6.34% and ROE at 5.38% indicate weak efficiency compared to peers.
  • Debt Ratios: Debt-to-equity at 7.09 reflects very high leverage, raising financial risk.
  • Cash Flows: No dividend payout (0.00%) suggests focus on capital retention rather than shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 21.1 vs industry average of 15.8 → trades at a premium.
  • P/B Ratio: Current Price / Book Value ≈ 1.32 → close to fair value.
  • PEG Ratio: 0.68 → indicates reasonable valuation relative to growth.
  • Intrinsic Value: Current price (21.1 ₹) appears fairly valued, supported by earnings recovery but constrained by high leverage.

🏢 Business Model & Competitive Advantage

  • Operates in banking and financial services with a large retail and corporate base.
  • Sequential profit growth shows operational recovery.
  • High debt and weak return ratios limit competitive strength compared to stronger peers.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 19 ₹ – 21 ₹, near support levels and 52-week low zone.
  • Long-Term Holding: Suitable only for speculative investors betting on turnaround; conservative investors should prefer stronger banks.

✅ Positive

  • Quarterly PAT growth (+55.4%) shows strong recovery momentum.
  • FII holdings increased (+0.79%) and DII holdings increased (+0.33%), reflecting institutional support.
  • PEG ratio (0.68) indicates reasonable valuation relative to growth.

⚠️ Limitation

  • High debt-to-equity ratio (7.09) raises financial risk.
  • Weak ROCE (6.34%) and ROE (5.38%) compared to industry peers.
  • No dividend payout reduces shareholder returns.

📉 Company Negative News

  • Stock trading below both 50 DMA (22 ₹) and 200 DMA (21.3 ₹), indicating weak momentum.
  • RSI at 40.2 and negative MACD (-0.27) suggest bearish technical outlook.

📈 Company Positive News

  • Quarterly PAT improved significantly from 654 Cr. to 952 Cr.
  • Institutional holdings (FII and DII) showed increases, reflecting confidence in recovery.

🏭 Industry

  • Industry P/E at 15.8 indicates sector trades at lower multiples.
  • Banking sector benefits from credit growth and digital adoption.
  • YESBANK trades at a premium, reflecting speculative sentiment on turnaround potential.

🔎 Conclusion

YESBANK shows signs of recovery with strong sequential profit growth and institutional support, but remains burdened by high leverage and weak efficiency ratios. Entry is advisable near 19 ₹ – 21 ₹ for speculative investors, with staggered accumulation to mitigate risks. Conservative investors may prefer stronger peers with healthier fundamentals. Overall, YESBANK remains a high-risk, turnaround candidate in the banking sector.

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