Whalesbook
TMB ka bada plan: 18% growth ka target!
TMB ne iss fiscal year ke liye 18% tak ka total business growth ka goal set kiya hai. Iske liye advances (20% se zyada) aur deposits (16%) mein acchi khasi badhotri dekhne ko milegi. Ye strategy isliye bhi important hai kyunki pichhle quarter mein company ne 28.01% zyaada Net Profit kamaya tha, jo ₹374 Crore bana. Total operating income bhi 15.56% badhkar ₹1,550.38 Crore ho gaya tha March 2026 quarter tak.
Kaunse sectors se aayega paisa?
CEO Salee Sukumaran Nair ne bataya ki growth ka main reason hai MSME sector ka dobara khulna aur gold loans ka strong performance. MSME sector 15% ke aas-paas grow kar raha hai aur gold loans bhi accha contribute kar rahe hain. Government support MSME credit ke liye mil raha hai aur gold loans ki demand toh hamesha rehti hai. Waise bhi, banks ab gold loan market ka lagbhag 49.7% hissa control kar rahi hain.
Risks ko kaise handle karenge?
Par bhai, sab kuch itna smooth nahi hai. Duniya mein chal rahe West Asia crisis jaisi cheezein inflation badha sakti hain. Gold loan market mein bhi kuch risks hain. Gold prices 13% tak gir gayi hain, jisse loan values kam ho sakti hain aur borrowers ko extra collateral dena pad sakta hai. Plus, RBI ke naye niyam bhi aa rahe hain jisme Loan-to-Value (LTV) 75% se 85% tak hoga, jo April 1, 2026 se apply hoga.
Valuation aur Peers ka kya scene hai?
Currently, TMB ka Price-to-Earnings (P/E) ratio 8.07 se 8.37 ke beech hai aur market cap lagbhag ₹10,133 Crore hai. Ye Nifty Private Bank index ke P/E (18.4 - 18.73) se kaafi kam hai. ICICI Bank jaise bade banks 22.0 ke P/E par trade kar rahe hain. Karur Vysya Bank aur South Indian Bank ne March 2026 quarter mein 15-17% loan growth report kiya hai. TMB ka stock bhi pichhle ek saal mein 60% se zyada return dekar Sensex se behtar perform kar chuka hai.
Aage ka outlook:
TMB ke liye ye growth target achieve karna ek challenge hoga, khaaskar jab geopolitical uncertainty aur sector-specific risks maujood hain. Management ko growth aur risk management ko balance karna padega. Investors dekhhenge ki TMB kaise external pressures ko manage karta hai aur asset quality maintain rakhta hai.