Tamilnad Mercantile
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Tamilnad Mercantile share price

Tamilnad Mercantile Bank Ltd.

NSE: TMB BSE: 543596 SECTOR: Bank - Private  125k   120   16

453.55
+0.70 (0.15%)
BSE: 13 Jun 04:01 PM

Price Summary

Today's High

₹ 454.3

Today's Low

₹ 441.05

52 Week High

₹ 509.95

52 Week Low

₹ 403.35

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

₹ 7182.03 Cr.

CASA %

29.64

No. of Shares

15.84 Cr.

P/E

6.07

P/B

0.8

Face Value

₹ 10

Div. Yield

2.43 %

Book Value (TTM)

₹  568.9

Net Interest Income

₹ 2150.89 Cr.

Cost To Income %

47

Promoter Holding

0 %

EPS (TTM)

₹  74.68

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

* Prices are based on daily market changes.

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

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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

1.46

Advances Growth %

6.5543

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 0.00 0.00
Dec 2024 0.00 0.00
Sep 2024 0.00 0.00
Jun 2024 0.00 0.00
Mar 2024 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 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Interest Earned 1253.71 1281.15 1337.41 1331.02 1341.68
Other Income 163.9 233.72 227.47 188.92 200.38
Interest Expended 686.66 714.59 741.35 760.63 773.77
Operating Expenses 364.4 331.44 358.33 351.61 364.29
Total Provisions 23.54 85.44 64.93 3.26 17.22
Profit Before Tax 343.01 383.4 400.27 404.44 386.78
Tax 89.95 96.11 97.09 104.2 94.88
Net Profit 253.06 287.29 303.18 300.24 291.9
Net NPA % 0.85 0.65 0.46 0.41 0.36
Gross NPA % 1.44 1.44 1.37 1.32 1.25
Return on Assets % 1.7 1.88 1.94 1.89 1.81
NPM % 20.18 22.42 22.67 22.56 21.76

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.
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PARTICULARS Mar 2024% Jun 2024% Sep 2024% Dec 2024% Mar 2025%
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... - - - - 1.19
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
investor education and pr... 1.20 1.20 1.20 1.20 -
asok kumar p c g 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 1.32 - - -
chandramogan rg 1.00 - - - -

Annual Reports

Title Action
Annual Report 2023

Ratings & Research Reports

TYPE AGENCY ACTION
No Credit reports exist for this company.Report us
TYPE AGENCY ACTION
No Research reports exist for this company.Report us

Concalls & Presentations

TYPE QUARTER ACTION
Concall Q4FY24
Concall Q3FY24
Concall Q2FY24
Concall Q1FY24
TYPE QUARTER ACTION
Presentation Q4FY24
Presentation Q3FY25
Presentation Q3FY24
Presentation Q2FY24
Presentation Q1FY25
Presentation Q1FY24

Company News

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 452.6. 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 0.796 . The historical average PB of Tamilnad Mercantile was 0.38076.

  • Share Price: - The current share price of Tamilnad Mercantile is Rs 452.6. 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
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