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YESBANK - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.4

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.4

Stock Code YESBANK Market Cap 59,433 Cr. Current Price 18.9 ₹ High / Low 24.3 ₹
Stock P/E 18.9 Book Value 16.0 ₹ Dividend Yield 0.00 % ROCE 6.34 %
ROE 5.38 % Face Value 2.00 ₹ DMA 50 20.7 ₹ DMA 200 21.0 ₹
Chg in FII Hold 0.79 % Chg in DII Hold 0.33 % PAT Qtr 952 Cr. PAT Prev Qtr 654 Cr.
RSI 32.2 MACD -0.66 Volume 6,99,33,090 Avg Vol 1Wk 9,94,09,690
Low price 16.1 ₹ High price 24.3 ₹ PEG Ratio 0.61 Debt to equity 7.09
52w Index 34.8 % Qtr Profit Var 55.4 % EPS 1.00 ₹ Industry PE 14.8

📊 Financial Overview

  • Revenue & Profitability: Quarterly PAT improved from 654 Cr. to 952 Cr., showing strong growth. EPS at 1.00 ₹ is low relative to market cap.
  • Margins & Returns: ROCE at 6.34% and ROE at 5.38% indicate weak efficiency compared to peers.
  • Debt: Debt-to-equity ratio of 7.09 is very high, raising significant leverage concerns.
  • Cash Flow: Supported by profitability recovery, but high debt may strain liquidity.

💹 Valuation

  • P/E Ratio: 18.9 vs Industry PE of 14.8 → Slightly overvalued relative to peers.
  • P/B Ratio: Current Price 18.9 ₹ vs Book Value 16.0 ₹ → Fair valuation, close to intrinsic value.
  • PEG Ratio: 0.61 → Attractive valuation relative to growth.
  • Intrinsic Value: Current price offers limited margin of safety but not excessively stretched.

🏢 Business Model & Competitive Advantage

  • Private sector bank with large retail and corporate exposure.
  • Strong customer base but weakened by past financial stress and high leverage.
  • Recovery in profitability provides some resilience, though efficiency remains low.

📈 Technicals & Entry Zone

  • RSI at 32.2 → Oversold territory, potential accumulation zone.
  • MACD negative (-0.66) → Weak momentum, short-term caution advised.
  • Entry Zone: Attractive accumulation between 18–19 ₹.
  • Long-Term Holding: Risky due to high debt; suitable only for speculative investors with high risk tolerance.

✅ Positive

  • Quarterly PAT growth of 55.4% shows strong earnings recovery.
  • PEG ratio of 0.61 suggests attractive valuation relative to growth.
  • FII holdings increased by 0.79% and DII holdings by 0.33%, showing institutional support.

⚠️ Limitation

  • High debt-to-equity ratio of 7.09 raises financial risk.
  • ROCE and ROE remain weak compared to peers.
  • EPS at 1.00 ₹ is low relative to market capitalization.

📉 Company Negative News

  • Stock has fallen significantly from its 52-week high of 24.3 ₹ to current levels.
  • High leverage continues to weigh on financial stability.

📈 Company Positive News

  • Quarterly PAT improved significantly, showing operational recovery.
  • Institutional holdings (FII and DII) increased, reflecting renewed confidence.
  • 52-week performance up 34.8%, showing investor interest despite risks.

🏭 Industry

  • Industry PE at 14.8 suggests sector trades at lower multiples.
  • YESBANK trades slightly above industry valuation, supported by recovery momentum but limited by high debt.

🔎 Conclusion

YESBANK shows signs of recovery with strong quarterly PAT growth and institutional support. However, high debt levels and weak efficiency metrics raise caution. Entry is favorable near 18–19 ₹ for speculative investors, but long-term holding carries significant risk. Conservative investors should avoid until leverage reduces and profitability stabilizes further.

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