Yes Bank Ltd (NSE: YESBANK) News: Many efforts are being made by Yes Bank to expand its business. In the meantime, Yes Bank has opened an entirely new tab to increase the amount of loans it can offer to medium and small businesses as it seeks to boost the returns of assets (ROA).
Yes Bank Chief Executive Officer (CEO) Prashant Kumar said that the only agenda for the bank is to focus on profitability without doing anything aggressively.
The first thing we need to do is to reach a ROA of 1% within the coming two years, and a ROA of 1.5 percent within three to five years.
The return on assets of Yes Bank is the ratio to how profit-making a firm is when compared to its assets total. Is – was 0.2% for the October-December quarter.
The Share
Small and medium-sized enterprise loans as well as medium-sized corporate loans comprised around 30% of the Mumbai-based bank’s loan portfolio during the quarter that ended December.
The amount of which Kumar stated will be raised to 35% from now on.
He said that the bank is not ready to compromise on pricing despite tough competition. “We would not like to lead to higher deposit growth by offering higher rates,” Kumar stated, noting that they will not boost the amount of loans offered by offering lower interest rates.
The Aim Is To Increase The Overall
Bank is targeting a 13% increase in total loans during the March quarter, mostly driven by retail loans while a deposit growth rate of 15% appears “reasonable”, the CEO stated.
The bank recorded loan growth of 11.8% in the December quarter, while its deposits grew by 13.2%. “At no time will credit growth exceed deposit growth,” Kumar said.
No Need To Raise Capital
The CEO does not expect the lender to need to raise capital, at least for the next financial year starting April 1.
Kumar explained that the bank plans the open 110 branches by the end of March, a reduction from the earlier goal of 150 branches.
He added that the remaining branches will open over the coming three months.
About Yes Bank Ltd Company
YES Bank Limited (Yes Bank) offers commercial banking services and products. It is a bank located in Mumbai, India. It was established in 2004.
It provides corporate and commercial branches and banking for its customers.
The firm is involved in both institutional and corporate banking and financial markets, investment banking corporate finance, transaction and business branches, banking, and wealth management.
The bank provides customers in the retail sector, NRI, MSMEs, commercial, institutional, corporate, and high-net-worth clients throughout India. It also has a representative office situated in Abu Dhabi.
Fundamental Analysis of Yes Bank Ltd
| Market Cap | ₹ 72,627 Cr. |
| Current Price | ₹ 25.2 |
| 52-wk High | ₹ 32.8 |
| 52-wk Low | ₹ 14.1 |
| Stock P/E | 70.9 |
| Book Value | ₹ 13.8 |
| Dividend | 0.00 % |
| ROCE | 4.94 % |
| ROE | 1.99 % |
| Face Value | ₹ 2.00 |
| P/B Value | 1.83 |
| OPM | 56.6 % |
| EPS | ₹ 0.36 |
| Debt | ₹ 2,95,136 Cr. |
| Debt to Equity | 7.42 |
Yes Bank Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 26 | ₹ 38 |
| 2025 | ₹ 42 | ₹ 68 |
| 2026 | ₹ 72 | ₹ 102 |
| 2027 | ₹ 150 | ₹ 194 |
| 2028 | ₹ 205 | ₹ 261 |
| 2029 | ₹ 285 | ₹ 340 |
| 2030 | ₹ 410 | ₹ 506 |
Yes Bank Ltd Shareholding Pattern
| FII Holding | |
| Dec 2022 | 23.24% |
| Mar 2023 | 23.10% |
| June 2023 | 23.79% |
| Sept 2023 | 23.39% |
| Dec 2023 | 23.79% |
| DII Holding | |
| Dec 2022 | 38.19% |
| Mar 2023 | 37.77% |
| June 2023 | 37.72% |
| Sept 2023 | 40.68% |
| Dec 2023 | 41.98% |
| Govt. Holding | |
| Dec 2022 | 0.01% |
| Mar 2023 | 0.01% |
| June 2023 | 0.01% |
| Sept 2023 | 0.01% |
| Dec 2023 | 0.01% |
| Public Holding | |
| Dec 2022 | 38.54% |
| Mar 2023 | 39.10% |
| June 2023 | 38.47% |
| Sept 2023 | 35.90% |
| Dec 2023 | 34.21% |
Yes Bank Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 29,624 Cr |
| 2020 | ₹ 26,052 Cr |
| 2021 | ₹ 20,039 Cr |
| 2022 | ₹ 19,019 Cr |
| 2023 | ₹ 26,366 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 1,709 Cr |
| 2020 | ₹ -16,433 Cr |
| 2021 | ₹ -3,489 Cr |
| 2022 | ₹ 1,064 Cr |
| 2023 | ₹ 1,024 Cr |
Last 10 Years’ Profit Growth:
| 10 Years: | -6% |
| 5 Years: | -30% |
| 3 Years: | 27% |
| Current Year: | 14% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -1% |
| 5 Years: | -11% |
| 3 Years: | -2% |
| Last Year: | 2% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 2% |
| 3 Years: | -4% |
| Current Year: | 23% |
Conclusion
This article is a complete guide about Yes Bank Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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