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Tamilnad Mercantile Bank

TMB NSE
₹800.20 +15.95 (+2.03%)
P/E
8.77
View as Markdown
MCP
Close 4 Nov 2026 ₹800.20 +304.95 +61.6% 1Y
Start ₹495.25

Key Fundamentals

MicrocapBanksFinancial Services

Price-based figures as of · EPS basis: Standalone · TTM

EPS (TTM)
₹91.21
Book Value
₹680.09
Market Cap
—
P/E (TTM)
8.77
P/B
1.18
ROE
14.00%
Dividend Yield
1.59%
52W High
₹954.20
52W Low
₹468.00
Day Range
₹775.60 – ₹804.45
Volume
1,36,976
ROCE
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Debt to Equity
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
EBITDA
Not meaningful for a lender: the ratio describes an industrial company’s balance sheet

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

62 Good

Data confidence 100/100

Category scores

Quality
54
Average
Returns, margins, earnings quality 22% weight
Valuation
54
Average
Cheap vs sector & own history 24% weight
Growth
80
Strong
Sales & profit trajectory 9% weight
Financial Health
98
Strong
Solvency, leverage, coverage 9% weight
Momentum
62
Good
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company's working capital requirements have reduced from 73.9 days to 52.1 days

Weaknesses

5
  • 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1054
OscillatorsNeutral252
Moving AveragesStrong Bearish802

Key readings

RSI (14)
39.05
Neutral
MACD (12,26,9)
−23.30
Bearish
SMA (50)
872.14
Bearish
SMA (200)
748.94
Bullish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+10.03%
3Y+12.55%
1Y+9.98%
TTM+12.94%

Net profit

Net profit growth by window
5Y+17.28%
3Y+9.15%
1Y+13.10%
TTM+20.50%

Operating cash flow

Not meaningful

A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹3,250 Cr
Mar 2019₹3,224 Cr
Mar 2020₹3,466 Cr
Mar 2021₹3,609 Cr
Mar 2022₹3,834 Cr
Mar 2023₹4,081 Cr
Mar 2024₹4,848 Cr
Mar 2025₹5,291 Cr
Mar 2026₹5,819 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹222 Cr
Mar 2019₹259 Cr
Mar 2020₹408 Cr
Mar 2021₹603 Cr
Mar 2022₹822 Cr
Mar 2023₹1,029 Cr
Mar 2024₹1,072 Cr
Mar 2025₹1,183 Cr
Mar 2026₹1,338 Cr

AI News Digest

14d ago

TL;DR: TMB is delivering strong growth with total business up 27% YoY and advances growing nearly 30% in Q2FY27, indicating healthy credit expansion. CASA growth at 16% is lagging deposit growth at 25%, which could pressure margins over time. The RLLR hike to 8.50% reflects the rising rate environment and is a mild near-term risk for loan demand. Overall the growth trajectory is robust, but investors should watch for margin compression and whether CASA growth catches up in coming quarters.

Headwinds 1
  • RLLR hike may slow lending Oct 07

    TMB raised its Repo Linked Lending Rate to 8.50% from 8.25% effective October 8, which could increase borrowing costs for customers and potentially slow loan demand.

Positives 2
  • Strong 27% business growth in Q2 Oct 01

    Total business rose 27.27% YoY to ₹1.30 lakh crore in Q2FY27. Advances expanded 29.37% YoY to ₹60,715 crore and total deposits grew 25.49% YoY to ₹69,546 crore.

  • CASA balances up 16% YoY Oct 01

    CASA balances increased 16.26% YoY to ₹17,629 crore in Q2FY27, supporting the bank's low-cost funding base though growing slower than overall deposits.

Neutral 1
  • RBI appoints new additional director Oct 01

    RBI appointed R. Kannan as Additional Director and extended C.S. Ram Kumar's tenure at TMB for two years, ensuring board continuity and regulatory oversight.

Quarterly Results

₹ Cr
TMB quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
1,156
1,209
1,229
1,254
1,281
1,337
1,331
1,342
1,386
1,413
1,469
1,550
1,662
Expenses
340
347
327
388
417
423
355
382
407
373
375
443
446
Financing Profit
174
186
210
179
150
173
216
186
173
224
271
262
319
Fin. Margin %
15%
15%
17%
14%
12%
13%
16%
14%
12%
16%
18%
17%
19%
Other Income
167
156
158
164
234
227
189
200
231
208
196
242
238
Interest
642
676
692
687
715
741
761
774
807
816
823
846
897
Depreciation
0
0
0
0
0
0
0
0
0
0
0
0
0
PBT
341
342
368
343
383
400
404
387
404
432
467
504
557
Tax %
23%
20%
23%
26%
25%
24%
26%
25%
25%
27%
27%
26%
26%
Net Profit
261
274
284
253
287
303
300
292
305
318
342
374
412
EPS (₹)
16.5
17.27
17.95
15.98
18.14
19.15
18.96
18.43
19.25
20.05
21.57
23.6
25.99
Gross NPA %
1.56%
1.7%
1.69%
1.44%
1.44%
1.37%
1.32%
1.25%
1.22%
1.01%
0.91%
0.73%
0.69%
Net NPA %
0.66%
0.99%
0.98%
0.85%
0.65%
0.46%
0.41%
0.36%
0.33%
0.26%
0.2%
0.18%
0.17%

Profit & Loss

₹ Cr
TMB profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
3,250
3,224
3,466
3,609
3,834
4,081
4,848
5,291
5,819
6,096
Expenses
1,366
1,350
1,231
1,355
1,470
1,276
1,327
1,490
1,505
1,637
Financing Profit
−157
−120
89
183
346
818
824
811
1,022
1,076
Fin. Margin %
−5%
−4%
3%
5%
9%
20%
17%
15%
18%
18%
Other Income
506
414
526
644
812
629
645
850
877
884
Interest
2,041
1,994
2,147
2,072
2,019
1,987
2,697
2,990
3,292
3,383
Depreciation
40
36
30
29
33
54
75
86
93
0
PBT
310
259
585
798
1,125
1,394
1,394
1,575
1,807
1,960
Tax %
28%
0%
30%
24%
27%
26%
23%
25%
26%
—
Net Profit
222
259
408
603
822
1,029
1,072
1,183
1,338
1,444
EPS (₹)
15.57
18.14
28.61
42.34
57.67
65
67.7
74.68
84.47
91.21
Div. Payout %
21%
13%
0%
0%
9%
8%
15%
15%
15%
—

Balance Sheet

₹ Cr
TMB balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
143
143
143
143
143
158
158
158
158
Reserves
3,262
3,476
3,837
4,437
5,193
6,770
7,763
8,850
9,952
Borrowing
513
0
324
0
0
525
1,301
500
700
Deposits
32,428
35,136
36,825
40,970
44,933
47,766
49,515
53,689
61,712
Other Liabilities
1,522
1,719
1,604
1,948
2,559
2,646
2,815
3,252
2,777
Total Liabilities
37,868
40,473
42,733
47,499
52,828
57,866
61,552
66,450
75,300
Fixed Assets
140
138
128
137
211
246
271
284
311
CWIP
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
Other Assets
27,364
31,228
33,137
35,658
39,374
43,464
46,019
51,065
59,296
Total Assets
37,868
40,473
42,733
47,499
52,828
57,866
61,552
66,450
75,300

Cash Flow

₹ Cr
TMB cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−389
0
567
−670
1,325
−1,270
−611
1,899
−101
Investing
−26
0
−20
−37
−107
−89
−100
−99
−118
Financing
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
CFO/OP
−21
0
25
−30
56
−32
−8
60
8

Ratios

TMB financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %
7%
7%
11%
14%
17%
17%
14%
14%
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Tamilnad Mercantile Bank insights

81 extracted metrics across FY16–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 56.48%
  • Others 34.58%
  • FIIs 6.86%
  • DIIs 2.07%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Tamilnad Mercantile Bank

What does Tamilnad Mercantile Bank Ltd do?
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).
Where is Tamilnad Mercantile Bank Ltd (TMB) listed?
Tamilnad Mercantile Bank Ltd trades as TMB on the NSE and under code 543596 on the BSE.
Which sector does Tamilnad Mercantile Bank Ltd belong to?
Tamilnad Mercantile Bank Ltd is classified under the Banks sector, in the Private Bank industry.
What is the PE ratio of Tamilnad Mercantile Bank Ltd?
Tamilnad Mercantile Bank Ltd trades at a PE ratio of 8.77 as of 4 Nov 2026, on earnings per share of ₹91.21, against a book value of ₹680.09 per share.
What is the 52-week high and low of Tamilnad Mercantile Bank Ltd?
Over the last 52 weeks Tamilnad Mercantile Bank Ltd has traded between ₹468 and ₹954.2 as of 4 Nov 2026.
Does Tamilnad Mercantile Bank Ltd pay dividends?
Tamilnad Mercantile Bank Ltd has a dividend yield of 1.59%.
What is the Return on Equity (ROE) of Tamilnad Mercantile Bank Ltd?
Tamilnad Mercantile Bank Ltd reported a return on equity of 14.00%.

Company Information

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).

Website tmb.in
Listed 15 Sep 2022
Face Value ₹10

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