Tamilnad Mercantile Bank

Tamilnad Mercantile Bank

423.10
-4.75
(-1.11%)
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Key Fundamentals
Add Ratio
Market Cap
6,775.10 Cr
EPS
74.68
PE Ratio
5.61
Dividend Yield
0.02 %
Industry
Banks
52 Week High
513.55
52 Week Low
401.00
PB Ratio
0.72
Debt to Equity
0.00
Forecast For
Actual

Company News

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positive
Tamilnad Mercantile Bank Limited appointed Davis Jose Thettayil as Executive Vice President (Information Technology) for a three-year term starting October 15, 2025. Thettayil brings 30 years of banking experience in Information and Communication Technology, Digital Banking, Data Science, and Banking Operations. His expertise includes evaluation and procurement of vendor-supplied software solutions and IT infrastructure, with the ability to work across executive and technical teams.
negative
Tamilnad Mercantile Bank has received a penalty order of Rs 11.44 lakh from the Assistant Commissioner of Income Tax, TDS Circle, Madurai for Assessment year 2013-14. The order was issued under sections 271C and 274 of the Income Tax Act after the Income Tax Appellate Tribunal dismissed the bank's appeal. The penalty relates to the bank paying interest to depositors without deducting TDS on amounts exceeding the maximum non-taxable limit, despite receiving Form 15G/15H from depositors. The bank plans to challenge this order in the appropriate forum within prescribed timelines and expects no significant impact on its financials, operations, or other activities beyond the penalty amount.
positive
Tamilnad Mercantile Bank reported growth across its key business segments in Q2 FY25. Total business reached ₹1,02,417 crores, marking an 11.47% yearly increase. The bank's total advances grew to ₹46,996 crores, up 10.49% from the previous year. Total deposits stood at ₹55,421 crores, representing a 12.32% yearly growth.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
978.25
#1 15,00,936.40
21.31
#1 4,70,915.90
15.42
#1 73,440
-0.57
57.08
1,398.40
9,88,687.00
18.89
2,94,586.90
#1 24.81
54,419
16.00
55.37
2,149.60
4,27,905.30
22.31
1,07,095.00
13.60
21,946
-39.96
68.18
1,169.60
3,65,123.40
13.02
1,55,916.90
12.99
28,112
-25.14
56.30
93.15
98,642.50
#1 12.66
34,058.70
12.14
7,656
16.37
53.81
23.32
73,156.80
26.82
37,075.60
12.48
2,447
#1 56.72
69.96
740.10
58,461.90
57.17
56,358.10
2.20
2,575
-72.17
46.24
72.97
53,425.60
45.59
43,478.30
19.92
1,490
-29.43
57.93
216.33
53,003.80
13.14
32,030.20
19.60
4,202
-9.24
78.81
163.20
26,192.80
12.80
24,914.80
18.41
2,745
-65.02
48.31
Growth Rate
Revenue Growth
11.81 %
Net Income Growth
10.32 %
Cash Flow Change
411.01 %
ROE
-2.96 %
ROCE
3.31 %
EBITDA Margin (Avg.)
-0.13 %

Yearly Financial Results

Annual Financials
2018
2019
2020
2021
2022
2023
2024
2025
TTM
Revenue
3,757
3,639
3,993
4,253
4,646
4,710
5,493
6,142
6,244
Expenses
1,367
1,212
1,231
1,355
1,470
1,276
1,327
1,490
1,567
EBITDA
349
432
615
827
1,158
1,448
1,469
1,661
1,595
Operating Profit %
58 %
62 %
64 %
62 %
62 %
69 %
73 %
72 %
71 %
Depreciation
40
36
30
29
33
54
75
86
0
Interest
2,041
1,994
2,147
2,072
2,019
1,987
2,697
2,990
3,082
Profit Before Tax
310
397
585
798
1,125
1,394
1,394
1,575
1,595
Tax
88
138
177
195
303
364
322
392
395
Net Profit
222
259
408
603
822
1,029
1,072
1,183
1,200
EPS in ₹
15.57
18.14
28.61
42.34
57.67
68.06
67.70
74.68
75.80

Balance Sheet

Balance Sheet
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
37,920
40,533
42,759
47,527
52,859
57,895
61,553
66,450
Fixed Assets
140
138
129
137
211
246
271
285
Current Assets
3,595
4,740
5,422
4,589
5,883
6,174
6,256
7,039
Capital Work in Progress
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
Other Assets
27,416
31,288
33,163
35,687
39,405
43,494
46,019
51,065
Total Liabilities
37,920
40,533
42,759
47,527
52,859
57,895
61,553
66,450
Current Liabilities
1,517
1,712
1,576
1,917
2,518
2,591
2,815
3,252
Non Current Liabilities
36,403
38,821
41,183
45,611
50,341
55,304
58,738
63,198
Total Equity
3,405
3,618
3,980
4,580
5,336
6,928
7,921
9,009
Reserve & Surplus
3,262
3,476
3,837
4,438
5,193
6,770
7,763
8,850
Share Capital
143
143
143
143
143
158
158
158

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
25
164
347
58
0
816
-1,032
1,147
-270
-14
840
Investing Activities
-44
-63
-38
-26
0
-20
-37
-107
-89
-100
-99
Operating Activities
319
-18
753
-389
0
567
-670
1,325
-1,270
-611
1,899
Financing Activities
-250
245
-368
472
0
269
-324
-71
1,088
697
-960

Share Holding

% Holding
Sept 2021
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Promoter
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
3.45 %
3.67 %
4.08 %
4.12 %
4.22 %
4.58 %
DIIs
0.00 %
6.04 %
5.92 %
5.76 %
4.44 %
3.72 %
3.02 %
3.19 %
3.17 %
2.66 %
2.66 %
2.66 %
2.40 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
57.34 %
57.71 %
58.18 %
58.71 %
58.07 %
57.58 %
59.56 %
59.65 %
59.59 %
59.21 %
58.98 %
58.04 %
Others
100.00 %
36.62 %
36.37 %
36.06 %
36.85 %
38.21 %
39.40 %
33.81 %
33.51 %
33.67 %
34.01 %
34.14 %
34.99 %
No of Share Holders
20,934
80,836
82,844
96,007
1,06,297
1,01,724
1,05,095
1,13,643
1,16,186
1,20,897
1,23,233
1,27,154
1,25,220

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 0.00 0.00 0.00 0.00 0.00 5 5 10 0.07
Dividend Yield (%) 0.00 0.00 0.00 0.00 0.00 0.00 1.24 1.03 2.43 0.02

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
24 Feb 2023 DIVIDEND Dividend
₹ 5.00 /share
24 Feb 2023 458.55 457.35
29 Aug 2023 DIVIDEND Dividend
₹ 5.00 /share
29 Aug 2023 403.65 535.50
21 Sept 2024 DIVIDEND Dividend
₹ 10.00 /share
20 Sept 2024 482.40 481.50
27 Sept 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
27 Sept 2024 467.60 477.50
28 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
28 Oct 2024 445.20 424.90
29 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
29 Jan 2025 452.20 427.70
23 Apr 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
23 Apr 2025 412.45 448.35
25 Jul 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
25 Jul 2025 440.60 460.35
01 Aug 2025 DIVIDEND Dividend
₹ 11.00 /share
01 Aug 2025 448.35 455.50
08 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
08 Aug 2025 440.60 431.20

Announcements

Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Bank For The Quarter And Half Year Ended September 30 2025.8 hours ago
Announcement under Regulation 30 (LODR)-Change in Management9 hours ago
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 20187 days ago
Announcement Under Regulation 30 (LODR)-General UpdatesOct 03, 2025
General UpdatesOct 03, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 01, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 30, 2025
Notice Of Postal BallotSep 30, 2025
Announcement Under Regulation 30(LODR) - Opening Of New BranchesSep 26, 2025
Closure of Trading WindowSep 26, 2025
Announcement Under Regulation 30(LODR) - Opening Of New BranchSep 22, 2025
Board Meeting Outcome for Outcome Of Board MeetingSep 18, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 16, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 15, 2025
Announcement Under Regulation 30(LODR) - Opening Of New BranchAug 28, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 19, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 18, 2025
Announcement Under Regulation 30 (LODR)- Receipt Of Approval From The Reserve Bank Of IndiaAug 14, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 11, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 08, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 08, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 08, 2025
Announcement Under Regulation 30(LODR) - Appointment Of Secretarial AuditorAug 08, 2025
Announcement Under Regulation 30(LODR) - Opening Of New BranchesAug 07, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJul 31, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 28, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 26, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 25, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationJul 25, 2025
Unaudited Financial Results For The Quarter Ended June 30 2025Jul 25, 2025
Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended June 30 2025Jul 25, 2025
Announcement Under Regulation 30 (LODR)-Tamilnad Mercantile Bank Limited Achieves Rs.1 Lakh Crore Business MilestoneJul 25, 2025
General UpdatesJul 24, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 18, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 16, 2025
Announcement under Regulation 30 (LODR)-Meeting UpdatesJul 15, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jul 15, 2025
Reg. 34 (1) Annual Report.Jul 15, 2025
Notice Of Annual General MeetingJul 15, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 14, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 10, 2025
Board Meeting Intimation for Un-Audited Financial Results For The Quarter Ended June 30 2025Jul 08, 2025
Announcement Under Regulation 30(LODR)Jul 08, 2025
Corporate Action - Fixes Book Closure For Final Dividend For The F.Y - 2024-25Jul 08, 2025
Fixation Of Record Date For Final Dividend For The F.Y - 2024-25Jul 08, 2025
Board Meeting Outcome for Tamilnad Mercantile Bank Limited Has Informed The Exchange Regarding Outcome Of Board Meeting Held On July 08 2025 - Intimation Of 103Rd Annual General Meeting Of The Bank And Book Closure DatesJul 08, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2025
Revision In Marginal Cost Of Funds Based Lending Rate (MCLR) Of The BankJul 05, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HDFC BSE 500 Index Fund Direct - Growth
0.00%
0
0.00%
0.00%

Technical Indicators

RSI(14)
Neutral
46.94
ATR(14)
Volatile
6.06
STOCH(9,6)
Neutral
74.71
STOCH RSI(14)
Neutral
78.76
MACD(12,26)
Bullish
0.64
ADX(14)
Weak Trend
16.44
UO(9)
Bearish
48.97
ROC(12)
Uptrend And Accelerating
0.33
WillR(14)
Neutral
-52.99