Tamilnad Mercantile Bank Ltd

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T N Merc. Bank Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Tamilnad Mercantile Bank Ltd

₹ 801 -1.29%
30 Oct - close price
tmb.in BSE: 543596 NSE: TMB
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

Leading Private sector Bank:[1][2][3]
TMB is a 100-year-old leading private sector bank in India with 614 branches out of which 73% of the branches are based in Tamil Nadu.

Website BSE NSE
  • Market Cap ₹ 12,689 Cr.
  • Current Price ₹ 801
  • High / Low ₹ 955 / 468
  • Stock P/E 8.04
  • Book Value ₹ 680
  • Dividend Yield 1.56 %
  • ROCE 7.51 %
  • ROE 14.0 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.18 times its book value
  • Company's working capital requirements have reduced from 73.9 days to 52.1 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.0% over past five years.
  • Contingent liabilities of Rs.9,453 Cr.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 14.8% 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.

Peer comparison

Financial Services Financial Services Banks Private Sector Bank

Part of Nifty Total Market Nifty Microcap 250 Nifty Smallcap 500 BSE Financial Services BSE 1000

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Quarterly Results

Figures in Rs. Crores

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
1,209 1,229 1,254 1,281 1,337 1,331 1,342 1,386 1,413 1,469 1,550 1,662 1,820
Interest 676 692 687 715 741 761 774 807 816 823 846 897 1,013
347 327 388 417 423 355 382 407 373 375 443 446 431
Financing Profit 186 210 179 150 173 216 186 173 224 271 262 319 376
Financing Margin % 15% 17% 14% 12% 13% 16% 14% 12% 16% 18% 17% 19% 21%
156 158 164 234 227 189 200 231 208 196 242 238 232
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax 342 368 343 383 400 404 387 404 432 467 504 557 608
Tax % 20% 23% 26% 25% 24% 26% 25% 25% 27% 27% 26% 26% 26%
274 284 253 287 303 300 292 305 318 342 374 412 451
EPS in Rs 17.27 17.95 15.98 18.14 19.15 18.96 18.43 19.25 20.05 21.57 23.60 25.99 28.49
Gross NPA % 1.70% 1.69% 1.44% 1.44% 1.37% 1.32% 1.25% 1.22% 1.01% 0.91% 0.73% 0.69% 0.61%
Net NPA % 0.99% 0.98% 0.85% 0.65% 0.46% 0.41% 0.36% 0.33% 0.26% 0.20% 0.18% 0.17% 0.14%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
3,250 3,224 3,466 3,609 3,834 4,081 4,848 5,291 5,819 6,502
Interest 2,041 1,994 2,147 2,072 2,019 1,987 2,697 2,990 3,292 3,580
1,366 1,350 1,231 1,355 1,470 1,276 1,327 1,490 1,505 1,696
Financing Profit -157 -120 89 183 346 818 824 811 1,022 1,227
Financing Margin % -5% -4% 3% 5% 9% 20% 17% 15% 18% 19%
506 414 526 644 812 629 645 850 877 908
Depreciation 40 36 30 29 33 54 75 86 93 0
Profit before tax 310 259 585 798 1,125 1,394 1,394 1,575 1,807 2,136
Tax % 28% 0% 30% 24% 27% 26% 23% 25% 26%
222 259 408 603 822 1,029 1,072 1,183 1,338 1,578
EPS in Rs 15.57 18.14 28.61 42.34 57.67 65.00 67.70 74.68 84.47 99.65
Dividend Payout % 21% 13% 0% 0% 9% 8% 15% 15% 15%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 13%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 9%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 14%
1 Year: 60%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
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 Mar 2026 Sep 2026
Equity Capital 143 143 143 143 143 158 158 158 158 158
Reserves 3,262 3,476 3,837 4,437 5,193 6,770 7,763 8,850 9,952 10,611
Deposits 32,428 35,136 36,825 40,970 44,933 47,766 49,515 53,689 61,712 69,546
Borrowing 513 0 324 0 0 525 1,301 500 700 2,229
1,522 1,719 1,604 1,948 2,559 2,646 2,815 3,252 2,777 3,407
Total Liabilities 37,868 40,473 42,733 47,499 52,828 57,866 61,552 66,450 75,300 85,951
140 138 128 137 211 246 271 284 311 314
CWIP 0 0 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 15,693 18,800
27,364 31,228 33,137 35,658 39,374 43,464 46,019 51,065 59,296 66,837
Total Assets 37,868 40,473 42,733 47,499 52,828 57,866 61,552 66,450 75,300 85,951

Cash Flows

Figures in Rs. Crores

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-389 0 567 -670 1,325 -1,270 -611 1,899 -101
-26 0 -20 -37 -107 -89 -100 -99 -118
472 0 269 -324 -71 1,088 697 -960 26
Net Cash Flow 58 0 816 -1,031 1,147 -270 -14 840 -193
Free Cash Flow -414 0 547 -707 1,218 -1,358 -711 1,800 -219

Ratios

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
ROE % 7% 7% 11% 14% 17% 17% 14% 14% 14%

Insights

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Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
CASA Ratio
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Credit-to-Debit (CD) Ratio
%
Gross NPA Ratio
%
Total Deposits
INR Crore
Total Gross Advances
INR Crore
Number of Branches
Count
Slippage Ratio
%
Gold Loan Portfolio
INR Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
3.13% 3.45% 3.67% 4.08% 4.12% 4.22% 4.58% 4.65% 4.95% 6.19% 6.73% 6.85%
3.20% 2.75% 2.73% 2.22% 2.67% 2.66% 2.40% 2.41% 2.47% 1.91% 1.96% 2.07%
93.68% 93.79% 93.59% 93.69% 93.22% 93.12% 93.03% 92.94% 92.58% 91.91% 91.32% 91.06%
No. of Shareholders 1,05,0951,13,6431,16,1861,20,8971,23,2331,27,1541,25,2201,24,4401,19,2031,17,0651,17,1471,19,980

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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