Yes Bank Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹72,761 Cr
- Book Value
- ₹16.7
- Stock P/E
- 19.3
- Dividend Yield
- 0.00%
- ROE
- 7.10%
- ROCE
- 5.98%
- PEG Ratio
- 0.28
- EV/EBITDA
- 17.5
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Yes Bank share price today
Yes Bank (NSE: YESBANK) is among the most heavily traded stocks in India by volume and among the most misunderstood by long-term investors. It trades at a low absolute rupee price, which attracts buyers who mistake a small number for a cheap valuation.
This article gives a share price target for 2026 to 2030, and explains the one thing that makes Yes Bank different from every other banking turnaround.
The share count problem
Start here, because everything else follows from it.
During the 2020 reconstruction, Yes Bank issued an enormous number of new shares to recapitalise the bank. Subsequent capital raises added more. The result is a share count vastly larger than a bank of this size would normally carry.
This has a direct consequence: a low share price does not mean a cheap stock. A ₹23 share with a very large number of shares outstanding can carry the same market capitalisation as a ₹700 share of a bank with far fewer.
The practical implication for anyone modelling a 2030 target: do not anchor on the old pre-2020 price. Yes Bank traded near ₹400 once. Those shares represented a completely different claim on the business. That price will not be revisited by arithmetic alone — it would require a change in the share count, not just a recovery in the bank.
Any article promising “Yes Bank back to ₹400” without addressing dilution is not doing the arithmetic.
Where the bank stands now
Reconstruction complete. SBI led a rescue in 2020, with a consortium of Indian banks. The immediate solvency crisis is long past.
Asset quality repaired. The legacy stressed book has largely been dealt with, through recoveries and transfers to an asset reconstruction company.
Strategic investor. Sumitomo Mitsui Banking Corporation’s investment brought both capital and credibility — a meaningful vote of confidence from a large international bank.
The remaining challenge is profitability. Yes Bank’s return on assets remains well below well-run Indian private banks. Fixing that means growing low-cost deposits, and deposit franchises are built slowly.
Quarterly results review
The June 2026 quarter delivered net profit of ₹1,072 crore, up about a third on the year — and the asset-quality lines keep grinding in the right direction: gross NPAs at 1.3%, net NPAs at 0.2%, down from 2.0% and 1.0% three years ago. The repair phase is genuinely over; what’s left is the profitability grind.
Annual results review
FY26 net profit came in at ₹3,512 crore, up 43%, with EPS of ₹1.12. Two honest caveats: earnings lean on other income of ₹7,130 crore, and despite repeated profits the bank still pays no dividend — both flagged by Screener itself. At a P/E of 19.3, Yes Bank trades richer per rupee of earnings than HDFC Bank (~14.5) or ICICI (~18.8). You are paying quality-bank prices for a turnaround; the ROE has to close the gap.
Balance sheet review
Deposits crossed ₹3.19 lakh crore in FY26, growing steadily — the franchise question from earlier in this article is being answered, slowly. Borrowings are falling (₹80,508 → ₹65,451 crore over two years), and price-to-book sits at 1.38 against book value of ₹16.7.
Cash flow review
Operating cash flow swung to a strong ₹21,217 crore in FY26 — deposit growth outrunning loan growth, which is exactly what a rebuilding bank should show. The lumpy CFO history (huge swings both directions) is normal for banks; read the deposit line instead.
Shareholding pattern review
Here is the structural fact most coverage misses: Yes Bank has no promoter. Since the 2020 reconstruction it is institution-owned — and in September 2025 the FII line jumped from 24.95% to 44.95%, which is the SMBC stake landing in the data. FIIs now hold 46.12%, DIIs 24.04%, public 29.83% across 58.4 lakh shareholders. A globally significant bank as the anchor investor is the single biggest change in the stock’s story — and the reason the “no promoter” line is now a strength, not a weakness.
How these targets are calculated
- Anchor: the live price shown above, around ₹23 at the time of writing.
- Bear case, 4% a year. Deposit costs stay high, profitability stays below peers, no re-rating.
- Base case, 12% a year. Steady loan growth with gradual margin improvement toward peer levels.
- Bull case, 19% a year. Return on assets converges toward established private banks and the market re-rates the stock on price-to-book.
These are compounding scenarios, not forecasts.
Yes Bank share price target 2026–2030
| Year | Bear (4%) | Base (12%) | Bull (19%) |
|---|---|---|---|
| 2026 | ₹23.5 | ₹24 | ₹24.5 |
| 2027 | ₹24.4 | ₹26.9 | ₹29.2 |
| 2028 | ₹25.4 | ₹30.1 | ₹34.7 |
| 2029 | ₹26.4 | ₹33.7 | ₹41.3 |
| 2030 | ₹27.5 | ₹37.8 | ₹49.2 |
Yes Bank share price target 2030
₹27.5–49.2. Note what this says: even the bull case is roughly a double over four years, not the 10x that the low share price tempts people to imagine. That is what a large share count does to upside.
What to actually watch
- CASA ratio. Current and savings account deposits are the cheapest funding a bank has. This single number tells you more about Yes Bank’s trajectory than the share price does.
- Net interest margin. The gap between lending and borrowing rates. Peer banks run meaningfully higher.
- Return on assets. The clearest measure of whether the turnaround is real.
- Any further equity issuance. More dilution changes every target above.
What could go wrong
- Credit costs returning. Rapid loan growth at a bank rebuilding its book deserves scrutiny.
- Deposit competition. Every Indian bank is chasing low-cost deposits.
- The penny-stock illusion. A large fraction of Yes Bank’s daily volume is speculative, not investment. That makes the price noisier than the fundamentals.
Is Yes Bank a good long-term hold?
It is a legitimate turnaround with a repaired balance sheet and a credible strategic investor. But it is a profitability story now, not a survival story, and profitability improves slowly in banking.
Buy it if you believe the bank converges toward peer returns over five years. Do not buy it because the share price looks small.
Disclaimer. These figures are arithmetic scenarios from the stated growth assumptions — not predictions, and not investment advice. Gale.in is not a SEBI-registered investment adviser or research analyst. Do your own research and consult a registered adviser before investing.