Tamilnad Mercantile
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Tamilnad Mercantile share price

Tamilnad Mercantile Bank Ltd.

NSE: TMB BSE: 543596 SECTOR: Bank - Private  121k   119   15

410.90
-4.00 (-0.96%)
NSE: 28 Mar 4:00 PM

Price Summary

Today's High

₹ 421.1

Today's Low

₹ 410.05

52 Week High

₹ 513.55

52 Week Low

₹ 403.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 6506.66 Cr.

CASA %

29.64

No. of Shares

15.84 Cr.

P/E

5.69

P/B

0.74

Face Value

₹ 10

Div. Yield

2.43 %

Book Value (TTM)

₹  556.48

Net Interest Income

₹ 2150.89 Cr.

Cost To Income %

47

Promoter Holding

0 %

EPS (TTM)

₹  72.23

CAR %

29.37

ROE

14.44 %

ROCE

17.29%

Profit Growth

4.16 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

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PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

ROE%

1 Year14.44%
3 Year15.93%
5 Year14.53%

ROA%

1 Year1.8%
3 Year1.76%
5 Year1.52%

Net NPA%

1 Year0.85%
3 Year1.15%
5 Year1.45%

 NIM

1 Year3.67%
3 Year3.69%
5 Year3.53%

CAR %

29.37

Cost of Liabilities %

5.3074

PEG Ratio

1.37

Advances Growth %

6.5543

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2024 0.00 0.00
Sep 2024 0.00 0.00
Jun 2024 0.00 0.00
Mar 2024 0.00 0.00
Dec 2023 0.00 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The bank has been maintaining a healthy ROA of 1.76370075481401% since last 3 years.
  • Company has a good Return on Equity (ROE) track record: 3 Years ROE 15.9338482692691%.
  • The company has been consistently maintaining a NIM of 3.68890276587711% since last 3 years.
  • Good Capital Adequacy Ratio of 29.37%.
  • The company has delivered good Profit growth of 21.1205529845415% over the past 3 years.

 Limitations

  • CASA Growth of 0.883900000000001% YoY, which is very low.
  • High Cost to income ratio of 47.0006%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Interest Earned 1229.15 1253.71 1281.15 1337.41 1331.02
Other Income 157.98 163.9 233.72 227.47 188.92
Interest Expended 692.12 686.66 714.59 741.35 760.63
Operating Expenses 324.81 364.4 331.44 358.33 351.61
Total Provisions 2.37 23.54 85.44 64.93 3.26
Profit Before Tax 367.83 343.01 383.4 400.27 404.44
Tax 83.6 89.95 96.11 97.09 104.2
Net Profit 284.23 253.06 287.29 303.18 300.24
Net NPA % 0.98 0.85 0.65 0.46 0.41
Gross NPA % 1.69 1.44 1.44 1.37 1.32
Return on Assets % 1.93 1.7 1.88 1.94 1.89
NPM % 23.12 20.18 22.42 22.67 22.56

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Interest Earned 3466.11 3609.05 3833.86 4081.04 4847.91
Other Income 526.42 644.35 812.26 629.11 644.95
Interest Expended 2146.59 2071.52 2018.63 1986.92 2697.02
Operating Expenses 850.91 979.65 1111.04 1150.39 1314.06
Total Provisions 410.13 403.86 391.84 179.2 88.2
Profit Before Tax 584.89 798.36 1124.61 1393.64 1393.58
Taxes 177.2 195.03 302.7 364.38 321.55
Net Profit 407.69 603.33 821.91 1029.26 1072.03
Adjusted EPS (Rs.) 28.61 42.34 57.67 65 67.7

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 142.51 142.51 142.51 158.35 158.35
Total Reserves 3837.13 4437.47 5193.19 6769.99 7762.85
Deposits 36825.03 40970.42 44933.11 47766.49 49515.07
Borrowings 324 0 0 525 1301.15
Other Liabilities 1630.12 1976.77 2589.67 2675.53 2815.03
Total Liabilities 42758.8 47527.17 52858.49 57895.37 61552.46
Assets
Balance with RBI 1414.41 1680.29 2113.11 2102.57 2230.13
Balance with Banks 2322.14 1024.79 1738.89 1479.41 1337.99
Investments 9467.33 11703.21 13242.37 14156.04 15262.6
Advances 27715.76 31069.6 33491.54 37289.69 39733.75
Net Block 128.45 137.18 210.84 245.65 270.98
Other Assets 1710.7 1912.1 2061.74 2622.01 2717.01
Total Assets 42758.8 47527.17 52858.49 57895.37 61552.46
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

 No Promoters Data available for this company.
Report us
PARTICULARS Dec 2023% Mar 2024% Jun 2024% Sep 2024% Dec 2024%
investors 100.00 100.00 100.00 100.00 100.00
bucket 1 (court cases) 8.87 8.87 8.87 8.87 8.87
c.s.rajendran 1.34 1.34 1.34 1.34 1.34
east river holdings limit... 3.35 3.35 3.35 3.35 3.35
fi investments (mauritius... 1.71 1.71 1.71 1.71 1.71
hibiscus enterprises llp 1.29 1.29 1.29 1.29 1.29
investor education and pr... 1.21 1.20 1.20 1.20 1.20
meenakshi r 1.20 1.20 1.20 1.20 1.20
robert and ardis james co... 4.45 4.45 4.45 4.45 4.45
senthil g m 1.10 1.10 1.10 1.10 1.10
starship equity holdings ... 4.25 4.25 4.25 4.25 4.25
subcontinental equities l... 4.18 4.18 4.18 4.18 4.18
swiss re investors (mauri... 3.20 3.20 3.20 3.20 3.20
asok kumar p c g 1.05 1.05 1.05 1.07 -
body corp-ltd liability p... - - - 0.09 -
office bearers - - - 0.08 -
other directors / relativ... - - - 0.02 -
bajaj allianz life insura... 1.37 1.37 1.32 - -
chandramogan rg 1.00 1.00 - - -

Annual Reports

Ratings & Research Reports

No Credit and Research reports exist for this company.Report us

Company Presentations

Company News

Tamilnad Mercantile Bank inaugurates six new branches in Uttar Pradesh 29 Mar, 5:25 PM Tamilnad Mercantile Bank informs about disclosure 29 Mar, 3:20 PM Tamilnad Mercantile Bank informs about change in key managerial personnel 20 Mar, 5:34 PM Tamilnad Mercantile - Quaterly Results 29 Jan, 5:16 PM Tamilnad Mercantile - Quaterly Results 29 Jan, 5:16 PM Tamilnad Mercantile - Quaterly Results 29 Jan, 5:16 PM Tamilnad Mercantile Bank informs about clarification 24 Jan, 3:22 PM Tamilnad Mercantile Bank launches Global NRI Center in Tamil Nadu 4 Jan, 11:40 AM Tamilnad Mercantile informs about loss of share certificate 21 Dec, 2:08 PM Tamilnad Mercantile Bank informs about loss of share certificates 5 Dec, 12:46 PM Tamilnad Mercantile Bank informs about postal ballot notice 25 Nov, 11:52 AM Tamilnad Mercantile Bank to open new branch in Tamilnadu 11 Nov, 5:20 PM Tamilnad Mercantile - Quaterly Results 28 Oct, 5:24 PM Tamilnad Mercantile - Quaterly Results 28 Oct, 5:24 PM Tamilnad Mercantile - Quaterly Results 28 Oct, 5:24 PM Tamilnad Mercantile Bank informs about updates 25 Sep, 4:57 PM Tamilnad Mercantile Bank informs about loss of share certificate 13 Sep, 5:06 PM Tamilnad Mercantile Bank informs about joining of MD & CEO 29 Aug, 5:13 PM Tamilnad Mercantile Bank’s net profit rises 10% to Rs 287.29 in Q1FY25 3 Aug, 12:03 PM Tamilnad Mercantile - Quaterly Results 2 Aug, 4:50 PM Tamilnad Mercantile - Quaterly Results 2 Aug, 4:50 PM Tamilnad Mercantile - Quaterly Results 2 Aug, 4:50 PM Tamilnad Mercantile Bank informs about loss of share certificates 24 Jul, 2:16 PM Tamilnad Mercantile Bank informs about change in directorate 9 Jul, 5:02 PM Tamilnad Mercantile Bank informs about opening of new branch 28 Jun, 4:37 PM Tamilnad Mercantile Bank opening new branch in Tamilnadu 26 Jun, 10:58 AM Tamilnad Mercantile Bank opening new branch in Telangana 21 Jun, 11:42 AM Tamilnad Mercantile Bank reports net profit of Rs 253 crore in Q4 23 Apr, 12:15 PM Tamilnad Mercantile - Quaterly Results 22 Apr, 4:17 PM Tamilnad Mercantile - Quaterly Results 22 Apr, 4:17 PM Tamilnad Mercantile - Quaterly Results 22 Apr, 4:17 PM RBI imposes monetary penalty on Tamilnad Mercantile Bank 20 Mar, 12:21 PM Tamilnad Mercantile informs about resignation of director 9 Mar, 11:30 AM Tamilnad Mercantile Bank to open new branch in Tamilnadu 17 Feb, 1:00 PM Tamilnad Mercantile Bank informs about press release 22 Jan, 5:02 PM Tamilnad Mercantile Bank informs about analyst presentation 22 Jan, 4:58 PM Tamilnad Mercantile - Quaterly Results 22 Jan, 1:45 PM Tamilnad Mercantile - Quaterly Results 22 Jan, 1:45 PM Tamilnad Mercantile - Quaterly Results 22 Jan, 1:45 PM Tamilnad Mercantile Bank informs about disclosure 18 Nov, 2:03 PM Tamilnad Mercantile Bank informs about opening of new branches 9 Nov, 3:27 PM Tamilnad Mercantile Bank to open two branches in Tamilnadu 9 Nov, 12:28 PM Tamilnad Mercantile - Quaterly Results 27 Oct, 12:00 PM Tamilnad Mercantile - Quaterly Results 27 Oct, 12:00 PM Tamilnad Mercantile Bank to open two new branches 19 Oct, 11:08 AM Tamilnad Mercantile Bank opens new branch in Tamil Nadu 29 Sep, 3:08 PM Tamilnad Mercantile Bank informs about annual report 11 Sep, 1:02 PM Tamilnad Mercantile Bank opens two new branches in Tamil Nadu 1 Sep, 10:59 AM Tamilnad Mercantile Bank opens two new branches 3 Aug, 3:47 PM Tamilnad Mercantile Bank reports 12% rise in Q1 net profit 24 Jul, 3:50 PM

Tamilnad Mercantile Stock Price Analysis and Quick Research Report. Is Tamilnad Mercantile an attractive stock to invest in?

 

The Indian Banking sector is rising rapidly due to infrastructure spending, favorable government policy, rising disposable income and increasing consumerism and easier access to credit.

The banking industry is in boom with growing demand across India. But is it the right time to invest in banking stocks is the question to be asked? We can look into more details and dig a little deeper into the analysis of the stock.

Tamilnad Mercantile stock price today is Rs 410.9. Let’s look at how Tamilnad Mercantile is performing and if it is the right time to buy the stock of Tamilnad Mercantile with detailed analysis.

  •  For Banking companies, The primary source of Income is interest earned on various loans given to individuals and corporates. Tamilnad Mercantile has earned Rs 4847.9094 Cr. revenue in the latest financial year. Tamilnad Mercantile has posted decent revenue growth of 10.336693317282 % in last 3 Years.

  • In terms of advances, Tamilnad Mercantile reported 6.5543 % YOY,  rise . If you see 3 years advance growth, it stands at 8.5445315839471 %.

  • Currently, Tamilnad Mercantile has a CASA ratio of 29.6396 %. It’s overall cost of liability stands at 5.3074 %. Also, the total deposits of Tamilnad Mercantile from these accounts stood at Rs 49515.0733 Cr.

  • Tamilnad Mercantile has a healthy ROA track record. The ROA of Tamilnad Mercantile is at 1.795 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 1.44 % and 0.85 % respectively as on the latest financial year.

  • One other important measure of banks’ financial health is provisioning coverage ratio. The YoY change in provision and contingencies is negative at -50.783804717337 % which means it has decreased from the previous year.

  • Non-Interest income or other incomes are very important for banks as it gives a regular source of income for bank with no additional risk. Other income of Tamilnad Mercantile surged and is currently at Rs 644.9463 Cr.

  • Tamilnad Mercantile has a Good Capital Adequacy Ratio of 29.37 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Tamilnad Mercantile is trading at a P/B of 0.7455 . The historical average PB of Tamilnad Mercantile was 0.38076.

  • Share Price: - The current share price of Tamilnad Mercantile is Rs 410.9. One can use valuation calculators of ticker to know if Tamilnad Mercantile share price is undervalued or overvalued.

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Brief about Tamilnad Mercantile

Tamilnad Mecantile Bank Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

The Company Profile section provides detailed information about Tamilnad Mercantile Bank Ltd., one of the leading banks in India. It covers the bank's background, its establishment, and its current position in the market. This section also highlights the bank's mission, vision, and values, showcasing its commitment to providing reliable and efficient banking services to its customers.

Tamilnad Mercantile Bank Ltd. - Share Price

The Share Price section focuses on the historical performance of Tamilnad Mercantile Bank Ltd.'s stock. It provides an overview of the bank's share price movement over a specified period, allowing investors to track the stock's performance. Investors can access our pre-built screening tools to analyze the share price data and study various trends and patterns.

Tamilnad Mercantile Bank Ltd. - Balance Sheet

The Balance Sheet section provides insights into Tamilnad Mercantile Bank Ltd.'s financial position. It depicts the bank's assets, liabilities, and shareholders' equity at a specific point in time. Investors can avail our premium feature of fair value calculation through tools like DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis. These tools assist investors in evaluating the bank's financial health and making informed investment decisions.

Tamilnad Mercantile Bank Ltd. - Annual Report

The Annual Report section offers access to Tamilnad Mercantile Bank Ltd.'s annual reports. These reports are valuable resources for long-term investors looking for in-depth information about the bank's performance, strategy, and future direction. Investors can download the annual reports from our website to gain comprehensive knowledge about the bank's operations, achievements, and challenges.

Tamilnad Mercantile Bank Ltd. - Dividend

The Dividend section highlights the bank's dividend distribution practices. It provides details of the dividends declared and paid by Tamilnad Mercantile Bank Ltd. to its shareholders over time. Investors can utilize this information to assess the bank's dividend policy and determine the potential returns from their investments.

Tamilnad Mercantile Bank Ltd. - Quarterly Result

The Quarterly Result section offers an overview of Tamilnad Mercantile Bank Ltd.'s financial performance on a quarterly basis. Investors can access the bank's quarterly reports to analyze its revenue, expenses, profitability, and other key financial indicators. Our premium feature of fair value analysis allows investors to evaluate the bank's performance using various financial models and tools.

Tamilnad Mercantile Bank Ltd. - Stock Price

The Stock Price section provides real-time information on Tamilnad Mercantile Bank Ltd.'s stock price. Investors can monitor the stock's current value and track its fluctuations through interactive price charts. Our pre-built screening tools assist investors in analyzing the stock's performance and identifying potential investment opportunities.

Tamilnad Mercantile Bank Ltd. - Price Chart

The Price Chart section displays graphical representations of Tamilnad Mercantile Bank Ltd.'s stock price movement over a specified period. Investors can utilize these charts to identify trends, patterns, and trading volumes associated with the stock. Our pre-built screening tools help investors in conducting technical analysis using price charts to make well-informed investment decisions.

Tamilnad Mercantile Bank Ltd. - News

The News section provides timely updates and news articles related to Tamilnad Mercantile Bank Ltd. Investors can access the latest news about the bank's operations, financial performance, collaborations, and regulatory changes. Staying informed through the latest news and developments is essential for long-term stock investors.

Tamilnad Mercantile Bank Ltd. - Concall Transcripts

The Concall Transcripts section offers transcripts of Tamilnad Mercantile Bank Ltd.'s conference calls with analysts and investors. These transcripts provide valuable insights into the bank's management discussions and explanations regarding its financial performance, strategy, and future plans. Investors can download the transcripts from our website to gain a deeper understanding of the bank's perspectives.

Tamilnad Mercantile Bank Ltd. - Investor Presentations

The Investor Presentations section provides access to Tamilnad Mercantile Bank Ltd.'s presentations made to investors and analysts. These presentations contain detailed information about the bank's business strategy, performance highlights, and growth prospects. Investors can study these presentations to assess the bank's competitive positioning and evaluate its long-term growth potential.

Tamilnad Mercantile Bank Ltd. - Promoters

The Promoters section highlights the key promoters and major shareholders of Tamilnad Mercantile Bank Ltd. Investors can gain insights into the individuals or entities who hold substantial ownership stakes in the bank. Understanding the promoters' track record, expertise, and commitment to the bank helps investors evaluate the bank's stability and growth prospects.

Tamilnad Mercantile Bank Ltd. - Shareholders

The Shareholders section provides an overview of Tamilnad Mercantile Bank Ltd.'s shareholders. It highlights the distribution of ownership among various categories of shareholders, including retail investors, institutional investors, and foreign investors. Understanding the shareholder base helps investors assess the bank's investor confidence and potential impact on stock performance.

Please note that all the mentioned reports, transcripts, and presentations are available as downloadable resources on our website. These resources assist investors in conducting comprehensive stock analysis and making well-informed investment decisions.  

Tamilnad Mercantile Bank's Growing Reserves

Tamilnad Mercantile Bank has demonstrated remarkable growth in total reserves, escalating from Rs 3,837.13 Cr in March 2020 to Rs 7,762.85 Cr by March 2024. This upward trajectory highlights the bank's strong internal fund accumulation and financial stability.

Overview of Tamilnad Mercantile Bank Balance Sheet

From March 2020 to March 2024, Tamilnad Mercantile Bank's balance sheet has shown consistent growth. Total liabilities and assets have increased from Rs 42,758.80 Cr to Rs 61,552.46 Cr, depicting the bank's expanding financial activities and market presence.

Tamilnad Mercantile Bank's Approach to Borrowings

Noteworthy is the bank's strategic approach to borrowings, which were eliminated in March 2021 and March 2022 but reintroduced and significantly increased by March 2024 to Rs 1,301.15 Cr, reflecting a tactical adjustment to its capital structure to support further growth.

Assets Amplification at Tamilnad Mercantile Bank

The bank's assets, including advances and investments, have shown an upward trend. Notably, advances surged from Rs 27,715.76 Cr in March 2020 to Rs 39,733.75 Cr by March 2024, indicating robust loan issuance and customer trust in the bank's financial health.

This analysis is based on the Standalone Balance Sheet of Tamilnad Mercantile Bank. Investors eyeing opportunities in the banking sector might follow indices like NSE/BSE to track the performance of banks including Tamilnad Mercantile Bank.

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