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Tamilnad Mercantile share price

Tamilnad Mercantile Bank Ltd.

NSE: TMB BSE: 543596 SECTOR: Bank - Private  97k   78   12

482.95
-7.35 (-1.50%)
NSE: Today, 04:08 PM

Price Summary

Today's High

₹ 488.95

Today's Low

₹ 475.05

52 Week High

₹ 611.35

52 Week Low

₹ 401.15

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

7647.58 Cr.

CASA %

28.76

No. of Shares

15.84 Cr.

P/E

7.13

P/B

1

Face Value

₹ 10

Div. Yield

2.08 %

Book Value (TTM)

₹  484.25

Net Interest Income

2094.13 Cr.

Cost To Income %

42.24

Promoter Holding

0 %

EPS (TTM)

₹  67.7

CAR %

26.26

ROE

16.78 %

ROCE

22.15%

Profit Growth

25.23 %

* 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

* Prices are based on daily market changes.
* 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 Year16.78%
3 Year15.82%
5 Year13.11%

ROA%

1 Year1.86%
3 Year1.61%
5 Year1.29%

Net NPA%

1 Year0.62%
3 Year1.53%
5 Year1.76%

 NIM

1 Year3.81%
3 Year3.59%
5 Year3.44%

CAR %

26.26

Cost of Liabilities %

4.11442277837547

PEG Ratio

0.56

Advances Growth %

11.3406137265196

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 0 0
Sep 2023 0 0
Jun 2023 0 0
Mar 2023 0 0
Dec 2022 0 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The bank has been maintaining a healthy ROA of 1.61087660627949% since last 3 years.
  • Company has a good Return on Equity (ROE) track record: 3 Years ROE 15.8200033962962%.
  • The company has been consistently maintaining a NIM of 3.59160641920635% since last 3 years.
  • Good Capital Adequacy Ratio of 26.26%.
  • The company has delivered good Profit growth of 36.1644719373577% over the past 3 years.

 Limitations

  • CASA Growth of -1.7455110309923% YoY, which is very low.
  • The company has delivered poor Income growth of 5.59481401591651% over the past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Interest Earned 1012.12 1070.08 1155.89 1209.16 1229.15
Other Income 160.76 183.93 167 156.06 157.98
Interest Expended 477.85 542.8 641.81 676.43 692.12
Operating Expenses 290.23 306.8 301.17 323.67 324.81
Total Provisions 32.92 57.18 39 23.29 2.37
Profit Before Tax 371.88 347.23 340.91 341.83 367.83
Tax 92.18 94.18 79.68 68.32 83.6
Net Profit 279.7 253.05 261.23 273.51 284.23
Net NPA % 0.75 0.62 0.66 0.99 0.98
Gross NPA % 1.7 1.39 1.56 1.7 1.69
Return on Assets % 2.16 1.93 1.85 1.89 1.93
NPM % 27.64 23.65 22.6 22.62 23.12

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Interest Earned 3224.46 3466.11 3609.05 3833.86 4081.04
Other Income 414.34 526.42 644.35 812.26 629.11
Interest Expended 1994.3 2146.59 2071.52 2018.63 1986.92
Operating Expenses 760.23 850.91 979.65 1111.04 1150.39
Total Provisions 487.77 410.13 403.86 391.84 179.2
Profit Before Tax 396.5 584.89 798.36 1124.61 1393.64
Taxes 137.92 177.2 195.03 302.7 364.38
Net Profit 258.58 407.69 603.33 821.91 1029.26
Adjusted EPS (Rs.) 18.14 28.61 42.34 57.67 65

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 142.51 142.51 142.51 142.51 158.35
Total Reserves 3475.74 3837.13 4437.47 5193.19 6769.99
Deposits 35136.25 36825.03 40970.42 44933.11 47766.49
Borrowings 0 324 0 0 525
Other Liabilities 1778.29 1630.12 1976.77 2589.67 2675.53
Total Liabilities 40532.8 42758.8 47527.17 52858.49 57895.37
Assets
Balance with RBI 1735.34 1414.41 1680.29 2113.11 2102.57
Balance with Banks 1185.01 2322.14 1024.79 1738.89 1479.41
Investments 9106.59 9467.33 11703.21 13242.37 14156.04
Advances 26487.94 27715.76 31069.6 33491.54 37289.69
Net Block 138.38 128.45 137.18 210.84 245.65
Other Assets 1879.53 1710.7 1912.1 2061.74 2622.01
Total Assets 40532.8 42758.8 47527.17 52858.49 57895.37
* Other Non-current Liabilities include Net deferred Liabilities

Corporate Actions

Investors Details

 No Promoters Data available for this company.
Report us
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 100.00 100.00 100.00 100.00 100.00
asok kumar p c g 1.02 1.03 1.05 1.05 1.05
bajaj allianz life insura... 1.73 1.64 1.49 1.49 1.37
bucket 1 (court cases) 8.87 8.87 8.87 8.87 8.87
c.s.rajendran - - 1.34 1.34 1.34
chandramogan rg - - - 1.00 1.00
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 1.21 1.21 1.21 1.21
meenakshi r - 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
max life insurance compan... 1.81 1.81 1.72 1.00 -
rajendran.c.s. 1.34 1.34 - - -
meenakshi.r. 1.20 - - - -

Annual Reports

No Annual reports exist for this company.Report us

Ratings & Research Reports

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

Company Presentations

Company News

RBI imposes monetary penalty on Tamilnad Mercantile Bank 20 Mar 2024, 12:21PM Tamilnad Mercantile informs about resignation of director9 Mar 2024, 11:30AM Tamilnad Mercantile Bank to open new branch in Tamilnadu 17 Feb 2024, 1:00PM Tamilnad Mercantile Bank informs about press release22 Jan 2024, 5:02PM Tamilnad Mercantile Bank informs about analyst presentation22 Jan 2024, 4:58PM Tamilnad Mercantile - Quaterly Results22 Jan 2024, 1:45PM Tamilnad Mercantile - Quaterly Results22 Jan 2024, 1:45PM Tamilnad Mercantile - Quaterly Results22 Jan 2024, 1:45PM Tamilnad Mercantile Bank informs about disclosure18 Nov 2023, 2:03PM Tamilnad Mercantile Bank informs about opening of new branches9 Nov 2023, 3:27PM Tamilnad Mercantile Bank to open two branches in Tamilnadu9 Nov 2023, 12:28PM Tamilnad Mercantile - Quaterly Results27 Oct 2023, 12:00PM Tamilnad Mercantile - Quaterly Results27 Oct 2023, 12:00PM Tamilnad Mercantile Bank to open two new branches 19 Oct 2023, 11:08AM Tamilnad Mercantile Bank opens new branch in Tamil Nadu29 Sep 2023, 3:08PM Tamilnad Mercantile Bank informs about annual report11 Sep 2023, 1:02PM Tamilnad Mercantile Bank opens two new branches in Tamil Nadu1 Sep 2023, 10:59AM Tamilnad Mercantile Bank opens two new branches3 Aug 2023, 3:47PM Tamilnad Mercantile Bank reports 12% rise in Q1 net profit24 Jul 2023, 3:50PM Tamilnad Mercantile - Quaterly Results24 Jul 2023, 12:34PM Tamilnad Mercantile - Quaterly Results24 Jul 2023, 12:34PM Tamilnad Mercantile - Quaterly Results24 Jul 2023, 12:34PM Tamilnad Mercantile Bank to open two branches in Tamilnadu31 May 2023, 11:17AM Tamilnad Mercantile Bank informs about outcome of board meeting 24 Apr 2023, 12:29PM Tamilnad Mercantile Bank reports 12% rise in Q4 net profit 24 Apr 2023, 12:09PM Tamilnad Mercantile - Quaterly Results24 Apr 2023, 11:18AM Tamilnad Mercantile - Quaterly Results24 Apr 2023, 11:18AM Tamilnad Mercantile - Quaterly Results24 Apr 2023, 11:18AM Tamilnad Mercantile Bank informs about opening of new branches 25 Mar 2023, 11:59AM Tamilnad Mercantile Bank to open two branches in Tamilnadu22 Mar 2023, 12:14PM Tamilnad Mercantile Bank informs about loss of share certificates18 Mar 2023, 1:14PM Tamilnad Mercantile Bank informs about outcome of board meeting 23 Jan 2023, 5:06PM Tamilnad Mercantile - Quaterly Results23 Jan 2023, 12:41PM Tamilnad Mercantile - Quaterly Results23 Jan 2023, 12:41PM Tamilnad Mercantile - Quaterly Results23 Jan 2023, 12:41PM Tamilnad Mercantile Bank wins Best Small Bank award 20 Jan 2023, 11:20AM Tamilnad Mercantile Bank opening two branches in Tamilnadu29 Dec 2022, 12:58PM Tamilnad Mercantile Bank enters into arrangement with Kotak Mahindra General Insurance15 Dec 2022, 9:38AM Tamilnad Mercantile Bank enters into corporate agency agreement with Bajaj Allianz Life Insurance8 Dec 2022, 10:29AM Tamilnad Mercantile Bank to undertake government business on behalf of RBI1 Dec 2022, 12:39PM Tamilnad Mercantile Bank launches Life Insurance, General Insurance products29 Nov 2022, 9:35AM Tamilnad Mercantile Bank inks pact with two insurance companies24 Nov 2022, 9:57AM Tamilnad Mercantile - Quaterly Results27 Oct 2022, 11:54AM Tamilnad Mercantile - Quaterly Results27 Oct 2022, 11:54AM Tamilnad Mercantile - Quaterly Results27 Oct 2022, 11:54AM Tamilnad Mercantile Bank coming up with IPO to raise around Rs 832 crore2 Sep 2022, 3:34PM Tamilnad Mercantile Bank gets SEBI's go ahead to raise funds via IPO7 Jun 2022, 12:40PM

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.

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 4081.0417 Cr. revenue in the latest financial year. Tamilnad Mercantile has posted Poor revenue growth of 5.5948140159165 % in last 3 Years.

  • In terms of advances, Tamilnad Mercantile reported 11.3406137265196 % YOY,  rise . If you see 3 years advance growth, it stands at 10.3961604501189 %.

  • Currently, Tamilnad Mercantile has a CASA ratio of 28.7557456079143 %. It’s overall cost of liability stands at 4.11442277837547 %. Also, the total deposits of Tamilnad Mercantile from these accounts stood at Rs 47766.486 Cr.

  • Tamilnad Mercantile has a healthy ROA track record. The ROA of Tamilnad Mercantile is at 1.85864232034638 %.

  • The Lender is efficiently  managing it’s overall asset portfolio. The Gross NPA and Net NPA stood at 1.39 % and 0.62 % 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 -54.2667183539951 % 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 decreased and is currently at Rs 629.1103 Cr.

  • Tamilnad Mercantile has a Good Capital Adequacy Ratio of 26.26 .

  • The best metric which provides insights about bank’s valuation is P/B ratio. Currently Tamilnad Mercantile is trading at a P/B of 1.0036 . The historical average PB of Tamilnad Mercantile was 0.186661692968401.

  • Share Price: - The current share price of Tamilnad Mercantile is Rs 482.95. One can use valuation calculators of ticker to know if Tamilnad Mercantile share price is undervalued or overvalued.

Last Updated on:
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.

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