YES Bank Share Price Target 2027–2030: EPS-Based Forecast After Q2 FY27 and the AT1 Ruling

Price as of 13 Nov 2026 close: ₹17.42 (NSE: YESBANK, BSE: 532648). Results are standalone Q2 FY27 figures (quarter to 30 Sep 2026) as reported by The CSR Journal, Multibagg and Lapaas Voice; AT1 ruling from Moneylife and PSU Connect. Price and trailing figures from StockAnalysis.

YES Bank grew Q2 FY27 profit 65% to ₹1,080 crore, with net interest income up 23% and gross NPAs down to 1.2%. But a major new risk appeared on 15 October 2026: the Supreme Court upheld the Bombay High Court order quashing the 2020 write-off of ₹8,415 crore of AT1 bonds — roughly ₹2.7 per share, or about a sixth of today’s price. The bank says it is examining legal options and has not yet booked any impact. At ₹17.42 the stock trades at about 13× trailing earnings.

1. YES Bank Share Price Targets 2027–2030 at a Glance

All three scenarios come from one formula (next section). Targets are for the end of each calendar year.

The base case implies a price change of roughly 20% a year from today's ₹17.42 to the end of 2030.

2. How We Calculate These Targets

Target = projected EPS × P/E multiple. Each year-end target uses the EPS of the financial year that follows (for example, the 2027 target uses FY28 EPS), because markets price stocks on forward earnings. Read our full methodology.

• Starting EPS: trailing twelve-month EPS of about ₹1.33 (₹17.42 ÷ ~13.1× P/E), before any AT1 liability.
• Bear case: EPS grows 5% a year, P/E 9×. The AT1 liability is booked in full, wiping out more than a year of profit and requiring fresh capital at a low price.
• Base case: EPS grows 18% a year, P/E 12×. Profit keeps recovering as bad loans fall; the AT1 liability is absorbed over time without heavy dilution; P/E eases slightly.
• Bull case: EPS grows 25% a year, P/E 15×. The AT1 impact proves manageable and SMBC’s involvement lifts growth and returns toward peers.

Worked example (base, 2027): ₹1.33 × 1.18 × 1.18 = ₹1.85 FY28 EPS → × 12 = ₹22.2.

Sensitivity — 2030 base-case EPS of ₹3.04 at different multiples:

3. Latest Results: What Changed

What changed: the core bank keeps improving — higher income, lower bad loans. But the AT1 ruling means bondholders whose ₹8,415 crore of bonds were written off in the 2020 rescue may need to be restored or compensated. One pro forma estimate showed a ₹5,217 crore quarterly loss if the impact were booked; we couldn’t confirm that figure elsewhere.

What it means for the targets: the gap between bear and base reflects the AT1 outcome more than operating performance.

4. YES Bank Share Price in 2026: Where It Stands

With only weeks left in 2026, a year-end "target" is not meaningful. The stock closed at ₹17.42 on 13 Nov 2026, within a 52-week range of ₹15.10 – ₹25.78. The stock fell after the AT1 ruling and trades near the lower end of its 52-week range.

5. YES Bank Share Price Target 2027: ₹13.2 – ₹31.15 (Base ₹22.2)

Based on FY28 EPS of ₹1.47 / ₹1.85 / ₹2.08 (bear / base / bull). What to watch: how and when YES Bank accounts for the AT1 liability.

6. YES Bank Share Price Target 2028: ₹13.85 – ₹38.95 (Base ₹26.2)

Based on FY29 EPS of ₹1.54 / ₹2.19 / ₹2.60 (bear / base / bull). What to watch: any capital raise and its price.

7. YES Bank Share Price Target 2029: ₹14.55 – ₹48.7 (Base ₹30.95)

Based on FY30 EPS of ₹1.62 / ₹2.58 / ₹3.25 (bear / base / bull). What to watch: return on assets moving toward 1% (still well below larger private banks).

8. YES Bank Share Price Target 2030: ₹15.3 – ₹60.9 (Base ₹36.5)

Based on FY31 EPS of ₹1.70 / ₹3.04 / ₹4.06 (bear / base / bull). What to watch: by 2030 small yearly differences compound into a wide range; revisit after each annual result.

9. Key Metrics

For banks, generic ratios like debt-to-equity are not meaningful — deposits are raw material, not debt in the usual sense.

10. Peer Comparison

11. Risks That Would Break the Base Case

• AT1 liability: restoring ₹8,415 crore of bonds (possibly with interest) could cut capital and require dilution.
• Low margins: NIM of 2.6% is well below most private banks.
• Dilution history: the share count is very large after the 2020 rescue.
• Retail-driven trading: the low share price attracts speculative volume and sharp swings.

12. What the Numbers Suggest

YES Bank’s operations are steadily improving, but the AT1 ruling is the single biggest swing factor. The variable to track is how the AT1 liability is settled. If it is absorbed without heavy dilution, the base case (₹36.5 by 2030) is reasonable; a large capital raise at a low price points to the bear case.

This is a framework, not a recommendation. Your own decision should depend on your time horizon, risk tolerance and existing holdings.

13. FAQs on YES Bank Share Price

What is the YES Bank share price target for 2027?
Our base case is ₹22.2, assuming 18% annual EPS growth and a 12× P/E. The range is ₹13.2 (bear) to ₹31.15 (bull).

What is the YES Bank share price target for 2030?
Base case ₹36.5; range ₹15.3 to ₹60.9. It assumes FY31 EPS of about ₹3.04.

What was YES Bank’s profit in Q2 FY27?
₹1,080 crore standalone, up 65%.

What is the YES Bank AT1 bond ruling?
On 15 October 2026 the Supreme Court upheld the order quashing the 2020 write-off of ₹8,415 crore of AT1 bonds.

Has YES Bank booked the AT1 impact?
No. The Q2 FY27 results did not recognise any impact; the bank said it is examining its legal options.

Who owns YES Bank?
Japan’s SMBC is the largest shareholder, with about 24% as last reported.