Tamilnad Mercantile Bank

Tamilnad Mercantile Bank

495.30
-2.45
(-0.49%)
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Key Fundamentals
Add Ratio
Market Cap
7,881.90 Cr
EPS
74.68
PE Ratio
6.45
Dividend Yield
0.01 %
Industry
Banks
52 Week High
513.55
52 Week Low
401.00
PB Ratio
0.83
Debt to Equity
0.00
Forecast For
Actual

Company News

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positive
Tamilnad Mercantile Bank has implemented Oracle HCM Cloud Payroll system along with AI agents in partnership with Kovaion. The implementation provides the bank with cloud-enabled payroll capabilities and AI-driven employee self-service features.
positive
Tamilnad Mercantile Bank announced quarterly results showing total business growth of 11.40% and deposit growth of 12.32%. The bank opened its 600th branch and added 22 branches in the first six months. CASA share improved by 92 basis points with 9.30% year-on-year growth. Net profit stood at INR 318 crores with quarter-on-quarter growth of 4.14% and year-on-year growth of 4.73%. Gross NPA remained low at 1.01% and net NPA at 0.26%. ROA increased to 1.85% and ROE to 13.77%. The bank guided for 14-15% credit growth and 12-13% deposit growth for FY26. Management expects significant growth momentum in FY27 with projected profit growth of around 20%. The bank is investing INR 250 crores in IT modernization including loan management systems and digital banking platforms. Credit costs remain controlled at 15 basis points with provision coverage ratio at 74.36%.
positive
Tamilnad Mercantile Bank shareholders approved the appointment of K. Ramachandran as Independent Director and Non-Executive Part-Time Chairman through postal ballot voting. The resolution passed with 99.84% votes in favor, with 3.37 crore equity shares supporting the appointment out of 3.38 crore valid votes cast. Ramachandran will receive remuneration of Rs. 18 lakh per annum, payable monthly at Rs. 1.50 lakh. The remote e-voting period ran from October 1-30, 2025, with results declared on October 30. Some shareholders' voting rights were restricted to 4.99% based on RBI orders related to acting in concert provisions under banking regulations.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
985.25
#1 15,24,744.90
20.17
#1 4,70,915.90
15.42
#1 73,440
9.32
48.56
1,336.90
9,61,757.20
16.76
2,94,586.90
#1 24.81
54,419
2.96
35.89
2,096.60
4,20,289.00
22.44
1,07,095.00
13.60
21,946
-11.41
44.77
1,226.60
3,82,777.60
14.57
1,55,916.90
12.99
28,112
-25.14
58.30
99.26
1,09,147.60
11.45
34,058.70
12.14
7,656
#1 73.37
57.19
23.02
72,058.90
25.58
37,075.60
12.48
2,447
17.24
59.95
790.20
62,084.60
#1 -80.97
56,358.10
2.20
2,575
-132.82
59.90
81.13
60,169.90
46.07
43,478.30
19.92
1,490
64.13
70.73
237.85
58,527.10
14.46
32,030.20
19.60
4,202
-8.27
82.75
156.16
25,388.90
20.50
24,914.80
18.41
2,745
-88.06
38.99
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
6,301
Expenses
1,367
1,212
1,231
1,355
1,470
1,276
1,327
1,490
1,516
EBITDA
349
432
615
827
1,158
1,448
1,469
1,661
1,628
Operating Profit %
58 %
62 %
64 %
62 %
62 %
69 %
73 %
72 %
72 %
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
3,157
Profit Before Tax
310
397
585
798
1,125
1,394
1,394
1,575
1,628
Tax
88
138
177
195
303
364
322
392
413
Net Profit
222
259
408
603
822
1,029
1,072
1,183
1,215
EPS in ₹
15.57
18.14
28.61
42.34
57.67
68.06
67.70
74.68
76.70

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
Sept 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 %
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 %
4.65 %
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 %
2.41 %
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 %
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 %
57.69 %
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 %
35.25 %
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
1,24,440

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 0.01

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
27 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
27 Oct 2025 427.70 450.15

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release1 day ago
Announcement under Regulation 30 (LODR)-Earnings Call Transcript3 days ago
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report3 days ago
Announcement under Regulation 30 (LODR)-Change in Management4 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome7 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication7 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release8 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation8 days ago
Unaudited Financial Results Of The Bank For The Quarter And Half Year Ended September 30 20258 days ago
Board Meeting Outcome for Unaudited Financial Results Of The Bank For The Quarter And Half Year Ended September 30 20258 days ago
Announcement Under Regulation 30 (LODR) - Opening Of New BranchesOct 24, 2025
Announcement Under Regulation 30 (LODR) - Change In Domain Name Of Website Of The BankOct 23, 2025
Announcement Under Regulation 30 (LODR) - Opening Of New BranchOct 23, 2025
Announcement Under Regulation 30 (LODR) - Opening Of New BranchOct 23, 2025
Announcement Under Regulation 30(LODR) - Opening Of New BranchOct 22, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 16, 2025
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.Oct 15, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementOct 15, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
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

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
75.24
ATR(14)
Volatile
12.91
STOCH(9,6)
Overbought
84.84
STOCH RSI(14)
Overbought
82.07
MACD(12,26)
Bullish
6.32
ADX(14)
Strong Trend
37.73
UO(9)
Bearish
55.28
ROC(12)
Uptrend And Accelerating
17.64
WillR(14)
Overbought
-11.14