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Prices as of 8 Oct 2026 close · Not investment advice

Tamilnad Mercantile Bank Limited

NSE: TMBPrivate Sector Bank

Share price

₹855.45

-2.50% close of 8 Oct 2026

Market cap ₹13,516 CrP/E 9.3

Business score

How strong the business is, in one number. The parts behind it are in Pro.

66

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹13,516 Cr

P/E ratio

9.3

P/B ratio

1.3

ROCE

7.5%

ROE

14.0%

Dividend yield

1.4%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹942.4552-week low ₹423.10

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 13.0% over the past year, and 12.0% a year over its longer record. Meanwhile what it keeps on lending improved from 14.5% to 17.5% over the last two years.

Whether it grew faster than its sector

It grew 12.0% a year against a sector median of 16.0% — 4.0 percentage points slower.

Room to re-rate, or risk of de-rating

At 9.3× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 13.9×, across 5 companies. It is against its own five-year median of 7.1×, the 90th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.0 times its growth rate, on earnings growth of 9%.

Profit growthPrice per ₹1 profitPer 1% growth
Tamilnad Mercantile Bank Limited — this one9%/yr9.3×₹1.0
HDFC Bank18%/yr13.5×₹0.75
ICICI Bank17%/yr17.2×₹1.0
Kotak Mahindra Bank9%/yr21.6×₹2.4
Axis Bank35%/yr13.9×₹0.40
IDBI Bank Limited35%/yr9.6×₹0.27

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Private Sector Bank), it ranks 5 of 20 on returns, 16 of 20 on growth. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 14.0% on capital, ahead of 75% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

This question does not fit a lender: the money it lends out is its day-to-day outflow and the deposits or premiums it takes are the inflow, so a cash bridge cannot say whether its growth pays for itself. Look at the return on owners' money instead.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

Not enough filed accounts to run these checks yet.

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹13,516 Cr
Prev close
₹855.45
52w High
₹954
52w Low
₹420
Enterprise value
—
Beta
0.9
Price CAGR 1y
104.0%
Price CAGR 3y
16.0%
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
1.8%
PEG ratio
1.0
P/E ratio
9.3
P/B ratio
1.3
EV / EBITDA
—
Industry P/E
13.7
ROCE
7.5%
ROCE 5y average
—
ROE
14.0%
Debt / Equity
0.1
Interest coverage
—
Dividend yield
1.4%
ROE 3y average
14.0%
ROE last year
14.0%

Annual P&L

Annual revenue
₹5,819 Cr
Annual profit
₹1,338 Cr
Operating margin
18.0%
Net profit margin
23.0%
EBITDA margin
17.6%
Sales growth 3y
12.6%
Sales growth 5y
10.0%
Profit growth 3y
9.0%
Profit growth 5y
17.0%
EPS
₹84.5
Sales growth TTM
13.0%
Profit growth TTM
20.0%
Dividend payout
15.0%

Quarter P&L

Sales latest quarter
₹1,662 Cr
Profit latest quarter
₹412 Cr
YoY quarterly sales growth
19.9%
YoY quarterly profit growth
35.1%
OPM latest quarter
19.0%

Balance Sheet

Book Value
₹640
Face Value
₹10.0
Total debt
₹700 Cr
Total cash
₹4,073 Cr
Borrowings
₹700 Cr
Reserves / Equity
63.0

Cash Flow

Operating cash flow
-₹101 Cr
Free cash flow
-₹219 Cr
FCF yield
—
Net cash flow
-₹193 Cr

Shareholding

Promoter holding
—
FII holding
6.7%
DII holding
2.0%
Public holding
91.3%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
HDFC Bank692.8513.610,68,2781.8520,382.718.490,575.33.77.0
ICICI Bank1,344.7017.29,65,3530.8816,276.213.952,240.96.47.2
Kotak Mah. Bank434.5021.74,32,2360.155,480.522.618,354.66.47.0
Axis Bank1,245.0013.93,87,6650.087,670.422.235,542.09.96.2
IDBI Bank83.959.890,2660.002,130.65.37,549.37.45.9
Federal Bank321.6517.079,5340.371,302.536.87,861.69.96.4
IDFC First Bank78.2430.167,4650.311,075.0132.411,051.114.66.0
T N Merc. Bank856.159.413,5571.42411.535.01,662.419.97.5
Median311.7513.847,2470.34628.729.64,735.49.66.4

Competes with: Axis Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank Limited, IDFC First Bank, IndusInd Bank, Kotak Mahindra Bank, Yes Bank Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,1561,2091,2291,2541,2811,3371,3311,3421,3861,4131,4691,5501,662
Expenses340347327388417423355382407373375443446
Financing Profit174186210179150173216186173224271262319
Financing Margin %15151714121316141216181719
Other Income167156158164234227189200231208196242238
Interest642676692687715741761774807816823846897
Depreciation0000000000000
Profit before tax341342368343383400404387404432467504557
Tax %23202326252426252527272626
Net Profit261274284253287303300292305318342374412
EPS in Rs17171816181919181920222426
Gross NPA %1.561.701.691.441.441.371.321.251.221.010.910.730.69
Net NPA %0.660.990.980.850.650.460.410.360.330.260.200.180.17
Gross NPA556549474463388398
Income on Investments247262271262255278
Interest on Advances1,0871,1071,1271,1971,2841,372
Interest on RBI and Inter-bank Balances7.321715101213
Net NPA1601471221009798

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue3,2503,2243,4663,6093,8344,0814,8485,2915,8196,096
Expenses1,3661,3501,2311,3551,4701,2761,3271,4901,5051,637
Financing Profit-157-120891833468188248111,0221,076
Financing Margin %-5-43592017151818
Other Income506414526644812629645850877884
Interest2,0411,9942,1472,0722,0191,9872,6972,9903,2923,383
Depreciation4036302933547586930
Profit before tax3102595857981,1251,3941,3941,5751,8071,960
Tax %28030242726232526
Net Profit2222594086038221,0291,0721,1831,3381,444
EPS in Rs16182942586568758491
Dividend Payout %21130098151515

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
—
5 years
10%
3 years
13%
TTM
13%

Compounded profit growth

10 years
—
5 years
17%
3 years
9%
TTM
20%

Stock price CAGR

10 years
—
5 years
—
3 years
16%
1 year
104%

Return on equity

10 years
—
5 years
15%
3 years
14%
Last year
14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital143143143143143158158158158
Reserves3,2623,4763,8374,4375,1936,7707,7638,8509,952
Borrowing5130324005251,301500700
Deposits32,42835,13636,82540,97044,93347,76649,51553,68961,712
Other Liabilities1,5221,7191,6041,9482,5592,6462,8153,2522,777
Total Liabilities37,86840,47342,73347,49952,82857,86661,55266,45075,300
Fixed Assets140138128137211246271284311
CWIP000000000
Investments10,3649,1079,46711,70313,24214,15615,26315,10115,693
Advances43,98453,123
Other Assets27,36431,22833,13735,65839,37443,46446,01951,06559,296
Total Assets37,86840,47342,73347,49952,82857,86661,55266,45075,300

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3890567-6701,325-1,270-6111,899-101
Cash from Investing Activity-260-20-37-107-89-100-99-118
Cash from Financing Activity4720269-324-711,088697-96026
Net Cash Flow580816-1,0311,147-270-14840-193
Free Cash Flow-4140547-7071,218-1,358-7111,800-219

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %7711141717141414

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
FIIs2.063.133.453.674.084.124.224.584.654.956.196.73
DIIs3.853.202.752.732.222.672.662.402.412.471.911.96
Public949494949493939393939291
No. of Shareholders1,01,7241,05,0951,13,6431,16,1861,20,8971,23,2331,27,1541,25,2201,24,4401,19,2031,17,0651,17,147

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +98.3% (₹431.45 → ₹855.45)Brick size ₹27.60 (fixed)Bricks 25
₹600₹800₹855Dec '25Apr '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹855.45 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

capital adequacy (CRAR) %

32.33

CASA ratio %

26.16

cost-to-income %

39.10pct

2026-06-30

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

gross NPA %

0.69pct

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

3.84cr

2025-09-30

net NPA %

0.17pct

2026-06-30

net interest margin %

4.29pct

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

provision coverage %

75.36pct

2026-06-30

FY revenue / permanent employees + workers, same basis (calc)

1,21,58,379inr

2026-03-31

return on assets %

1.93pct

2026-03-31

News

News and filings about Tamilnad Mercantile Bank Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Depends on the price of

  • Bond Markets
  • Gold
  • Interest Rates

Sells products of

  • Bajaj Allianz General Insurance
  • Bajaj Allianz Life Insurance
  • Cholamandalam MS General Insurance Co. Ltd.
  • Max Life Insurance Company Ltd
  • United India Insurance Company Limited
  • Zurich Kotak General Insurance Company Ltd

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Financial Services
Industry
Private Sector Bank
Classification
Financial Services › Private Sector Bank
ISIN
INE668A01016

Business segments

  • Retail Banking · 72%
  • Treasury · 19%
  • Corporate / Wholesale Banking · 9%

News impact

Big market events that reach Tamilnad Mercantile Bank Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

12 Jun 2026unspecified₹12.5
1 Aug 2025unspecified₹11
20 Sep 2024unspecified₹10
29 Aug 2023unspecified₹5
24 Feb 2023interim₹5

Splits, bonuses & buybacks

  • daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.