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Tamilnad Mercantile Bank Ltd

₹ 5641.26%
07 Jan 9:42 a.m. – close price
🔗tmb.in•BSE: 543596•NSE: TMB
Market Cap₹ 8,924 Cr.
Current Price₹ 564
High / Low₹ 571
Stock P/E7.37
Book Value₹ 596
Dividend Yield1.96 %
ROCE7.49 %
ROE14.0 %
Face Value₹ 10.0
Sales₹ 5,472 Cr.
OPM72.3 %
Mar Cap₹ 8,924 Cr.

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 BankTamilnad 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.HDFC Bank951.4020.241463688.691.1620363.7710.0186993.844.817.51346185.2242.6172360.0719610.672.691.746.30
2.ICICI Bank1415.0019.001011842.680.7814318.153.1648180.914.007.87192684.9128.3053300.2513357.063.032.185.58
3.Kotak Mah. Bank2145.0522.98426671.550.124468.27-11.4217198.744.708.1767852.1227.8018574.234468.272.542.683.62
4.Axis Bank1288.0015.39399934.500.085566.56-25.3132309.772.247.11129272.6059.6725988.995527.852.011.787.28
5.IDBI Bank107.5012.43115588.331.953240.7773.567109.01-4.516.7828937.8570.499284.323229.581.701.974.81
6.IDFC First Bank85.3251.0573338.400.30347.8064.109936.9310.946.2238335.0132.471437.04347.801.350.466.85
7.Yes Bank23.0925.5572454.030.00664.3117.257388.75-4.506.3630449.5759.652836.87664.311.470.597.29
8.T N Merc. Bank563.557.378923.891.96317.514.731413.395.687.495472.3372.301214.54317.510.951.856.00
–Median: 20 Co.263.9515.3925021.880.71349.593.954430.654.356.9517851.2459.661397.21349.591.411.357.29

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
–––––––––––––
Expenses
323327355340417407364388382298347423373
Operating Profit
–––––––––––––
Other Income
161158189167234231184164200145156227208
Profit before tax
372368404341383404347343387355342400432
Tax %
25%23%26%23%25%25%27%26%25%26%20%24%27%
Net Profit
280284300261287305253253292262274303318
EPS in Rs
17.6617.9518.9616.5018.1419.2515.9815.9818.4316.5617.2719.1520.05

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
–––––––––
Expenses
1,3661,3501,2311,3551,4701,2761,3271,4901,516
Operating Profit
–––––––––
Other Income
506414526644812629645850829
Interest
2,0411,9942,1472,0722,0191,9872,6972,9903,157
Depreciation
40363029335475860
Profit before tax
3102595857981,1251,3941,3941,5751,628
Net Profit
2222594086038221,0291,0721,1831,215
EPS in Rs
15.5718.1428.6142.3457.6765.0067.7074.6876.69
Dividend Payout %
21%13%0%0%9%8%15%0%–

Compounded Profit Growth

10 Years:%
5 Years:24%
3 Years:13%
TTM:8%

Compounded Sales Growth

10 Years:%
5 Years:9%
3 Years:11%
TTM:7%

Return on Equity

10 Years:%
5 Years:15%
3 Years:15%
Last Year:14%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:5%
1 Year:25%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
143143143143143158158158158
Reserves
3,2623,4763,8374,4375,1936,7707,7638,8509,285
Borrowings
–––––––––
Other Liabilities
1,5221,7191,6041,9482,5592,6462,8153,2522,894
Total Liabilities
37,86840,47342,73347,49952,82857,86661,55266,45069,042
Fixed Assets
140138128137211246271284274
Gross Block
449.44483.09503.24540.53647.37736.10836.60936.34–
Accumulated Depreciation
309.15344.71374.79403.35436.54490.45565.62651.86–
CWIP
000000000
Investments
10,3649,1079,46711,70313,24214,15615,26315,10116,540
Other Assets
27,36431,22833,13735,65839,37443,46446,01951,06552,228
Total Assets
37,86840,47342,73347,49952,82857,86661,55266,45069,042

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-3890567-6701,325-1,270-6111,899
Cash from Investing Activity
-260-20-37-107-89-100-99
Cash from Financing Activity
4720269-324-711,088697-960
Net Cash Flow
580816-1,0311,147-270-14840

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
––––––––
Inventory Days
––––––––
Days Payable
––––––––
Cash Conversion Cycle
––––––––
Working Capital Days
––––––––
ROCE %
––––––––

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
––––––––––––
FIIs
0.58%0.22%0.07%2.06%3.13%3.45%3.67%4.08%4.12%4.22%4.58%4.65%
DIIs
5.48%5.32%5.09%3.85%3.20%2.75%2.73%2.22%2.67%2.66%2.40%2.41%
Public
93.95%94.46%94.86%94.11%93.68%93.79%93.59%93.69%93.22%93.12%93.03%92.94%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Tamilnad Mercantile Bank Reopens Special Window for Physical Share Transfer Deeds

18th April 2026, 12:41 am

Tamilnad Mercantile Bank to Host Earnings Conference Call on April 27, 2026

8th April 2026, 6:52 pm

Tamilnad Mercantile Bank to Consider Year-End Results and Dividend on April 27, 2026

8th April 2026, 6:36 pm

Tamilnad Mercantile Bank Ltd Submits SEBI Compliance Certificate for Q4 FY26

6th April 2026, 4:54 pm

Tamilnad Mercantile Bank posts provisional Q4FY26 business growth; Total Business up 17.37% YoY

1st April 2026, 10:59 pm

Published by Other Websites

External media mentions & references

Dhanlaxmi Bank Q4: Advances Up 25%, Shares Dip Amid Market Weakness

2nd April 2026, 10:19 am

Indian Banks, Retailers in Focus as Q4 Business Updates Emerge

2nd April 2026, 10:08 am

Banks, Auto Firms Lead Stocks in Focus: April 2 Market Movers

2nd April 2026, 7:01 am

Mid-Cap Banks Post Solid Q4 Growth Amid Mixed CASA Trends

2nd April 2026, 6:42 am

South Indian Banks Post Stronger Loan Growth Than Deposits

1st April 2026, 8:06 pm

News Articles

Editorial & research coverage

TMB's Sales Pivot: Tech Drive Meets Risky Lending Surge
TMB's Sales Pivot: Tech Drive Meets Risky Lending Surge

11th February 2026, 9:33 pm

Indian Earnings Mixed Amid Global Tech Jitters; NSDL Lock-in Expiry Looms
Indian Earnings Mixed Amid Global Tech Jitters; NSDL Lock-in Expiry Looms

5th February 2026, 7:44 am

Tube Investments: Margin Expansion Fuels Q3 Beat Amidst Mixed Outlook
Tube Investments: Margin Expansion Fuels Q3 Beat Amidst Mixed Outlook

4th February 2026, 2:32 pm

PSU Banks Gain Ground as Private Lenders Face Growth Slowdown
PSU Banks Gain Ground as Private Lenders Face Growth Slowdown

27th January 2026, 1:08 pm

Tamilnad Mercantile Bank Reports Stellar Q3: Business Soars 14% on Strong Deposit and Advance Growth!
Tamilnad Mercantile Bank Reports Stellar Q3: Business Soars 14% on Strong Deposit and Advance Growth!

1st January 2026, 3:58 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

3 Jan - Tamilnad Mercantile Bank Limited has informed about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Announcement Under Regulation 30 (LODR)-General Updates

2 Jan - GST penalty Rs.17,88,166 imposed Dec 31, 2025 for Apr 2018–Mar 2021; bank to appeal.

General Updates

1 Jan - Provisional business as of 31-Dec-2025: Total ₹1,07,470cr; advances ₹50,763cr; deposits ₹56,707cr; CASA ₹15,847cr.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Announcement under Regulation 30 (LODR)-Press Release / Media Release

26 Dec - TMB launched online EPF payments via Internet Banking integrated with EPFO on 26 Dec 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2023

(from nse)

Credit Ratings

Rating update

13 Jun 2025 from crisil

Rating update

14 Jun 2024 from crisil

Rating update

16 Jun 2023 from crisil

Rating update

22 Mar 2023 from crisil

Rating update

23 Mar 2022 from crisil

Rating update

30 Mar 2021 from crisil

Concalls

Nov 2025

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Jul 2025

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Apr 2025

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Feb 2025

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Nov 2024

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Aug 2024

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Aug 2024

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Apr 2024

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Jan 2024

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Nov 2023

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Jul 2023

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Apr 2023

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Jan 2023

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Nov 2022

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Stock Analysis

Description

  1. Tamilnad Mercantile Bank Limited is a 100-year-old private sector bank offering a range of financial services to retail customers and micro, small, and medium enterprises (MSMEs). It operates a substantial branch and ATM network across India.

Key Growth Triggers

  1. The bank is experiencing robust growth, with provisional Q3 FY26 figures showing a 14.28% YoY increase in total business, 16.30% YoY in advances, and 12.53% YoY in deposits. Strategic initiatives in digital transformation, branch network expansion, and new partnerships are expected to drive future growth and CASA revival.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. The company has faced regulatory penalties, including a ₹39.60 Lakhs RBI penalty for UPI non-compliance and a ₹17.88 Lakhs CGST penalty. Historically, it has shown poor sales growth over five years, a low interest coverage ratio, high contingent liabilities, and a low dividend payout.

Key Dates To Watch

  1. February 4, 2026: Earnings conference call to discuss Q3 FY26 unaudited financial results.

Corporate Announcements

17th Apr 26
Impact Rating: 6
Tamilnad Mercantile Bank has re-opened a special window from February 5, 2026, to February 4, 2027, enabling shareholders to re-lodge transfer requests for physical share certificates lodged before April 1, 2019, or executed but not lodged.
8th Apr 26
Impact Rating: 7
Tamilnad Mercantile Bank will host its earnings conference call on April 27, 2026, at 5:00 PM IST, to discuss audited financial results for the quarter and financial year ended March 31, 2026.
8th Apr 26
Impact Rating: 1
No description available.
6th Apr 26
Impact Rating: 2
Tamilnad Mercantile Bank Ltd provided its SEBI compliance certificate for the quarter ended March 31, 2026. The bank's RTA confirmed securities dematerialization and listing as per regulations.
1st Apr 26
Impact Rating: 8
Tamilnad Mercantile Bank's provisional Q4FY26 results show strong growth. Total business reached ₹1,15,092 crore (up 17.37% YoY), total advances increased by 20.32% to ₹53,380 crore, and deposits grew 14.94% to ₹61,712 crore.