Yes Bank share price trades 0.80% lower at ₹21.08 on the BSE after hitting an intra-day high of ₹21.43 on Tuesday, December 17, 2024. The stock reached a 52-week high of ₹32.81 on February 9, 2024, while it hit its 52-week low of ₹19.05 on November 13, 2024.
The Indian benchmark indices, NSE Nifty and BSE Sensex, traded lower by 275.40 points or 1.12% at 24,392.85 and 926.39. points or 1.13% at 80,822.18, respectively. Meanwhile, the Bank Nifty index is down by 676.15 points at 52,905.
As per the current market price, Yes Bank shares are trading at a price-to-earnings (P/E) ratio of 38.31, based on its trailing 12-month earnings per share (EPS) of ₹0.55. Its price-to-book (P/B) ratio stands at 1.44x The stock’s beta value of 1.02 indicates its moderate volatility compared to the broader market.
Yes Bank ranks behind peers like HDFC Bank and ICICI Bank in profitability and operational efficiency. HDFC Bank leads with a market cap of ₹14.25 lakh crore, a P/E ratio of 20.56, and a second-quarter profit of ₹18,627.44 crore (up 6.03%). ICICI Bank, with a ₹9.49 lakh crore market cap, reported an 18.83% profit rise to ₹13,905.99 crore. Kotak Mahindra and Axis Bank also posted consistent growth, while IDBI Bank excelled with a 34.31% profit jump, outpacing Yes Bank’s 147.81% profit growth and ₹7,737.20 crore in sales.
Yes Bank, in comparison, has a significantly lower market cap of ₹66,618.51 crore and a current market price (CMP) of ₹21.25 but stands at 147.81% growth in Q2 FY25 net profit to ₹566.59 crore. Despite this growth, Yes Bank’s P/E ratio of 37.21 is notably higher than its peers, reflecting its elevated valuation. Quarterly sales rose by 15.24% to ₹7,737.20 crore, positioning it competitively with smaller banks like IDBI and IndusInd Bank. However, its ROCE of 5.81% trails behind the peer average.
As of September 30, 2024, Yes Bank reported that institutional investors held a significant portion of its equity. Domestic Institutional Investors (DIIs) owned 38.20%, while Foreign Institutional Investors (FIIs) had 27.00%. Meanwhile, public holding in the bank stood at 34.78%, slightly down from 34.82% in the June quarter.
Private sector lender Yes Bank reported a 147% increase in its consolidated net profit for the September 2024 quarter, reaching ₹566.59 crore, primarily driven by a reduction in provisioning. The bank posted a net profit of ₹228.64 crore in the same quarter last year, while its profit for the June 2024 quarter stood at ₹516 crore.
Core net interest income rose 14.3% to ₹2,200 crore, supported by a 12.4% growth in advances and a slight improvement in net interest margin to 2.4%. Non-interest income also saw a 16.3% increase, totalling ₹1,407 crore.
Deposits grew by 18%, defying the industry trend of lagging credit growth. The bank is targeting 17-18% growth in deposits and 13-14% growth in advances for FY25.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 17, 2024, 1:23 PM IST
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