Tamilnad Mercantile Bank Ltd
₹ 432
0.05%
12 Sep
- close price
About
Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs).[1]
Key Points
- Market Cap ₹ 6,840 Cr.
- Current Price ₹ 432
- High / Low ₹ 514 / 401
- Stock P/E 5.70
- Book Value ₹ 589
- Dividend Yield 2.55 %
- ROCE 7.49 %
- ROE 14.0 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.73 times its book value
- Company's working capital requirements have reduced from 138 days to 109 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.83% over past five years.
- Contingent liabilities of Rs.6,543 Cr.
- Dividend payout has been low at 7.52% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|
3,250 | 3,224 | 3,466 | 3,609 | 3,834 | 4,081 | 4,848 | 5,291 | 5,396 | |
Interest | 2,041 | 1,994 | 2,147 | 2,072 | 2,019 | 1,987 | 2,697 | 2,990 | 3,082 |
1,366 | 1,350 | 1,231 | 1,355 | 1,470 | 1,276 | 1,327 | 1,490 | 1,566 | |
Financing Profit | -157 | -120 | 89 | 183 | 346 | 818 | 824 | 811 | 747 |
Financing Margin % | -5% | -4% | 3% | 5% | 9% | 20% | 17% | 15% | 14% |
506 | 414 | 526 | 644 | 812 | 629 | 645 | 850 | 848 | |
Depreciation | 40 | 36 | 30 | 29 | 33 | 54 | 75 | 86 | 0 |
Profit before tax | 310 | 259 | 585 | 798 | 1,125 | 1,394 | 1,394 | 1,575 | 1,595 |
Tax % | 28% | 0% | 30% | 24% | 27% | 26% | 23% | 25% | |
222 | 259 | 408 | 603 | 822 | 1,029 | 1,072 | 1,183 | 1,200 | |
EPS in Rs | 15.57 | 18.14 | 28.61 | 42.34 | 57.67 | 65.00 | 67.70 | 74.68 | 75.79 |
Dividend Payout % | 21% | 13% | 0% | 0% | 9% | 8% | 15% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 11% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 13% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 143 | 143 | 143 | 143 | 143 | 158 | 158 | 158 |
Reserves | 3,262 | 3,476 | 3,837 | 4,437 | 5,193 | 6,770 | 7,763 | 8,850 |
Deposits | 32,428 | 35,136 | 36,825 | 40,970 | 44,933 | 47,766 | 49,515 | 53,689 |
Borrowing | 513 | 0 | 324 | 0 | 0 | 525 | 1,301 | 500 |
1,522 | 1,719 | 1,604 | 1,948 | 2,559 | 2,646 | 2,815 | 3,252 | |
Total Liabilities | 37,868 | 40,473 | 42,733 | 47,499 | 52,828 | 57,866 | 61,552 | 66,450 |
140 | 138 | 128 | 137 | 211 | 246 | 271 | 284 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 10,364 | 9,107 | 9,467 | 11,703 | 13,242 | 14,156 | 15,263 | 15,101 |
27,364 | 31,228 | 33,137 | 35,658 | 39,374 | 43,464 | 46,019 | 51,065 | |
Total Assets | 37,868 | 40,473 | 42,733 | 47,499 | 52,828 | 57,866 | 61,552 | 66,450 |
Cash Flows
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
-389 | 0 | 567 | -670 | 1,325 | -1,270 | -611 | 1,899 | |
-26 | 0 | -20 | -37 | -107 | -89 | -100 | -99 | |
472 | 0 | 269 | -324 | -71 | 1,088 | 697 | -960 | |
Net Cash Flow | 58 | 0 | 816 | -1,031 | 1,147 | -270 | -14 | 840 |
Ratios
Figures in Rs. Crores
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|
ROE % | 7% | 11% | 14% | 17% | 17% | 14% | 14% |
Documents
Announcements
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Announcement Under Regulation 30(LODR) - Opening Of New Branch
28 Aug - Opening Thirukovilur branch at 67/23 East Street, Kallakurichi, Tamil Nadu on 29.08.2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Aug - Tamilnad Mercantile Bank Limited has informed about the proposed schedule of Non - Deal roadshow on August 26, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Aug - Tamilnad Mercantile Bank Limited has informed about Copy of Newspaper Publication for Saksham Niveshak - 100 Days Campaign for shareholders
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Announcement Under Regulation 30 (LODR)- Receipt Of Approval From The Reserve Bank Of India
14 Aug - RBI approves Shri K. Ramachandran as Non-Executive Chairman from Aug 14, 2025 to June 11, 2028, Rs.18 lakh p.a.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Aug - TMB partners with Bajaj Allianz to offer expanded non-life insurance products via branches and digital platforms.
Annual reports
Concalls
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Jul 2025Transcript PPT
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Apr 2025Transcript PPT REC
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Apr 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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Apr 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
Leading Private sector Bank
Tamilnad Mercantile Bank Limited (“TMB”) is a 100-year-old leading private sector bank in India. [1] [2] As of Q1FY26, it has a branch network of 754 branches (including 169 correspondents) of which 47% are located in semi-urban areas, 16% in urban, 22% in rural, and 15% in metropolitan centers. The bank has an ATM network of 1,150.[3]