Yes Bank Ltd

About [ edit ]

Yes Bank Limited is a private sector bank. The Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.#

Key Points [ edit ]
  • Market Cap 33,448 Cr.
  • Current Price 13.4
  • High / Low 32.0 / 11.1
  • Stock P/E
  • Book Value 8.66
  • Dividend Yield 0.00 %
  • ROCE 3.26 %
  • ROE -16.1 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.17% over past five years.
  • Company has a low return on equity of -25.19% for last 3 years.
  • Contingent liabilities of Rs.463326.34 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3436.11 Cr.

Peer comparison

Sector: Banks Industry: Banks - Private Sector

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
Revenue 6,578 7,231 7,959 7,856 7,813 7,383 5,639 5,217 5,486 5,245 5,321 3,988
Interest 4,358 4,813 5,291 5,349 5,534 5,199 4,577 3,947 3,577 3,271 2,760 3,003
2,105 2,491 2,141 5,403 3,417 3,047 26,498 6,625 2,496 2,538 3,702 6,890
Financing Profit 115 -72 527 -2,896 -1,139 -864 -25,437 -5,354 -588 -563 -1,141 -5,905
Financing Margin % 2% -1% 7% -37% -15% -12% -451% -103% -11% -11% -21% -148%
Other Income 1,723 1,483 915 554 1,293 965 659 6,922 637 727 1,225 847
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 1,838 1,411 1,442 -2,342 154 101 -24,778 1,568 49 164 84 -5,058
Tax % 31% 33% 31% 36% 38% 725% 25% -70% 30% 26% -76% 25%
Net Profit 1,266 951 1,001 -1,508 96 -629 -18,564 2,665 34 120 148 -3,791
EPS in Rs 5.49 4.12 4.33 -6.52 0.41 -2.47 -72.79 2.12 0.03 0.05 0.06 -1.51
Gross NPA % 1.31% 1.60% 2.10% 3.22% 5.01% 7.39% 18.87% 16.80% 17.30% 16.90% 15.36% 15.41%
Net NPA % 0.59% 0.84% 1.18% 1.86% 2.91% 4.35% 5.97% 5.03% 4.96% 4.71% 4.04% 5.88%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Revenue 8,294 9,981 11,572 13,533 16,425 20,269 29,624 26,052 20,039
Interest 6,075 7,265 8,083 8,965 10,627 12,529 19,811 19,258 12,611
1,498 2,055 2,548 3,429 4,790 6,594 11,834 39,246 15,626
Financing Profit 721 662 941 1,139 1,008 1,145 -2,021 -32,452 -8,198
Financing Margin % 9% 7% 8% 8% 6% 6% -7% -125% -41%
Other Income 1,257 1,721 2,048 2,729 4,218 5,292 4,675 11,956 3,436
Depreciation 52 64 86 112 173 232 305 342 0
Profit before tax 1,926 2,320 2,902 3,756 5,053 6,205 2,349 -20,838 -4,762
Tax % 32% 31% 31% 33% 34% 32% 27% 21% 27%
Net Profit 1,301 1,611 1,997 2,530 3,340 4,233 1,709 -16,433 -3,489
EPS in Rs 7.25 8.94 9.56 12.03 14.63 18.38 7.38 -13.09 -1.39
Dividend Payout % 17% 18% 19% 17% 16% 15% 27% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:-0%
TTM:-23%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:79%
Stock Price CAGR
10 Years:-13%
5 Years:-42%
3 Years:-66%
1 Year:-51%
Return on Equity
10 Years:%
5 Years:-9%
3 Years:-25%
Last Year:-16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
359 361 418 421 456 461 463 2,510
Reserves 5,449 6,755 11,248 13,342 21,583 25,292 26,424 19,185
Borrowings 87,878 95,500 117,379 143,363 181,464 275,582 335,982 219,102
5,419 6,390 7,098 8,117 11,556 11,115 17,990 17,036
Total Liabilities 99,104 109,005 136,143 165,243 215,060 312,450 380,860 257,832
218 277 296 414 612 765 778 730
CWIP 11 20 26 60 75 72 51 294
Investments 42,976 40,933 43,193 48,788 49,982 68,293 89,329 43,748
55,899 67,775 92,628 115,980 164,391 243,319 290,701 213,061
Total Assets 99,104 109,005 136,143 165,243 215,060 312,450 380,860 257,832

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
541 4,436 -2,317 -304 4,384 -21,810 -24,573 -57,721 50,124
-6,742 -2,785 -3,591 -4,023 -4,478 -8,738 -6,235 14,128 5,664
6,681 176 7,574 4,989 11,429 35,748 33,039 25,038 -34,942
Net Cash Flow 480 1,826 1,666 662 11,336 5,199 2,231 -18,555 20,846

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROE % 25% 21% 20% 19% 18% 6% -68%

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
19.98 19.91 19.82 19.80 19.78 13.05 8.33 1.42 0.00 0.00 0.00 0.00
42.52 39.50 36.15 40.33 33.69 26.51 15.17 1.86 1.66 11.16 15.01 13.77
25.15 22.95 21.55 20.98 17.03 19.29 14.21 69.17 69.11 49.28 47.34 46.71
12.34 17.64 22.48 18.89 29.50 41.14 62.29 27.55 29.23 39.56 37.65 39.52

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