Skip to main content
Swing Capital

Tamilnad Mercantile Bank Ltd

NSE: TMB BSE: 543596Banking

Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs).[1]

₹687
52W: ₹412 — ₹770
PE 8.22 · Book ₹638 · +8% vs book
Market Cap₹10,877 Cr
Stock P/E8.22Price to Earnings
ROCE7.51%Return on Capital
ROE14%Return on Equity
Div. Yield1.65%Face Value ₹10

Strengths

  • +Stock is trading at 1.04 times its book value
  • +Company's working capital requirements have reduced from 97.7 days to 54.9 days

Weaknesses

  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 10.0% over past five years.
  • −Contingent liabilities of Rs.6,543 Cr.
  • −Company might be capitalizing the interest cost
  • −Dividend payout has been low at 9.89% of profits over last 3 years

Shareholding Pattern

Promoters0%
FIIs6.19%
DIIs1.91%
Public91.91%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters0%0%0%0%0%0%0%0%
FIIs3.67%4.08%▲0.44.12%▲0.04.22%▲0.14.58%▲0.44.65%▲0.14.95%▲0.36.19%▲1.2
DIIs2.73%2.22%▼0.52.67%▲0.42.66%▼0.02.4%▼0.32.41%▲0.02.47%▲0.11.91%▼0.6
Public93.59%93.69%▲0.193.22%▼0.593.12%▼0.193.03%▼0.192.94%▼0.192.58%▼0.491.91%▼0.7

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0000000000
Expenses327388417423355382407373375443
Operating Profit0000000000
OPM %0%0%0%0%0%0%0%0%0%0%
Net Profit284253287303300292305318342374
EPS ₹17.9515.9818.1419.1518.9618.4319.2520.0521.5723.6

AI Insights

Revenue Trend

Mar 2026 revenue at ₹0Cr, up 0% YoY. OPM at 0%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 1.91% (-3.18pp change). FIIs: 6.19% (+6.12pp change). Promoters hold 0%.

Margin & Efficiency

ROCE improving from 0% (Mar 2018) to 0% (Mar 2026). Working capital days: 0.

Valuation

PE 8.22x with 7.51% ROCE. Price is 8% above book value of ₹638. Dividend yield: 1.65%.

Recent Announcements