Tamilnad Mercantile Bank Limited
₹801.05-₹6.85 (-0.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,974 Cr
- P/E
- 7.4x
- Revenue
- ₹5,291 Cr
- ROCE
- 1.3%
Price chart
Technical chartScreen technicals →+65.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.0%
- 3M
- -6.0%
- 6M
- +8.2%
- 1Y
- +65.5%
- 5Y
- +62.2%
52-week range
Day change -₹6.85 (-0.8%) from ₹808 to ₹801 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in TMB, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 21.3%
Concerns1
- Other income is 46.3% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments.
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Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, portfolio management, POS terminal, e-tax payment, online bill payment, mutual fund, insurance, sovereign gold bond scheme, forex, and Internet and mobile banking services. It also provides home, car, two-wheeler, personal, LAP, pension, pharma and healthcare, education, gold, jewelry, commercial vehicles, traders and services, MSME, rice and dhall mill, doctor, agricultural, green energy, and Mahalir loans, as well as loans against sovereign gold bonds and secured overdraft facilities; NRI products; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited on November 26, 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.
- Sector
- Financial Services
- Shares outstanding
- 15.8 Cr shares
- ISIN
- INE668A01016
- BSE code
- 543596
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,974 Cr
- P/E
- 7.4x
- P/B
- 1.0x
- Earnings yield
- 13.5%
- 52-week high
- ₹943.85
- 52-week low
- ₹427.85
Profitability
- ROE
- 13.1%
- ROCE
- 1.3%
- Dividend payout
- 15.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 46.3%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹5,291 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 6.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹645 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 2.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.4%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.3%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹611 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -51.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹840 Cr
Solvency and efficiency
- CFO / Net profit
- -0.57
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹22 was left as net profit.
| From | To | Amount |
|---|---|---|
| Revenue | Interest paid | ₹2,990 Cr |
| Revenue | Expenses | ₹1,490 Cr |
| Revenue | Financing profit | ₹811 Cr |
| Financing profit | Depreciation | ₹86 Cr |
| Financing profit | Profit before tax | ₹725 Cr |
| Other income | Profit before tax | ₹850 Cr |
| Profit before tax | Tax and other | ₹392 Cr |
| Profit before tax | Net profit | ₹1,183 Cr |
Revenue and net profit
Revenue grew 9.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,609 Cr | ₹603 Cr |
| FY2022 | ₹3,834 Cr | ₹822 Cr |
| FY2023 | ₹4,081 Cr | ₹1,029 Cr |
| FY2024 | ₹4,848 Cr | ₹1,072 Cr |
| FY2025 | ₹5,291 Cr | ₹1,183 Cr |
Cash flows
FY2025: ₹1,899 Cr from operations, ₹1,800 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹670 Cr | -₹707 Cr |
| FY2022 | ₹1,325 Cr | ₹1,218 Cr |
| FY2023 | -₹1,270 Cr | -₹1,359 Cr |
| FY2024 | -₹611 Cr | -₹711 Cr |
| FY2025 | ₹1,899 Cr | ₹1,800 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹5,291 Cr+9.1%1Y
- Net profit
- ₹1,183 Cr+10.4%1Y
- Cash from operations
- ₹1,899 Cr
- Free cash flow
- ₹1,800 Cr
- Revenue CAGR, 5Y
- 6.9%
- EBITDA CAGR, 5Y
- 4.2%
- Net profit CAGR, 5Y
- 21.3%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹5,291 Cr | ₹811 Cr | — | ₹1,183 Cr | ₹1,899 Cr | ₹1,800 Cr | — | +9.1% | +10.4% |
Monthly returns
Month-by-month returns of TMB across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹66,450 Cr |
| Equity capital | ₹158 Cr |
| Reserves | ₹8,850 Cr |
| Deposits | ₹53,689 Cr |
| Borrowings | ₹500 Cr |
| Other liabilities | ₹3,252 Cr |
| Assets | ₹66,450 Cr |
| Fixed assets | ₹284 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹15,101 Cr |
| Other assets | ₹51,065 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
TMB trades at 7.4x earnings against a peer median of 26.9x (a 73% discount).
Not shown (no positive earnings and no EV / Sales): Religare Enterprises Ltd, Equitas Small Finance Bank Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Tamilnad Mercantile Bank LimitedTMBthis companyP/E ↓ discount | ₹8,974 Cr | 7.4x | 1.0x | 13.1% | — |
| Prudent Corporate Advisory Services LimitedPRUDENT | ₹10,035 Cr | 56.9x | 16.4x | 29.9% | 58.1x |
| Edelweiss Financial Services Ltd.EDELWEISS | ₹9,880 Cr | 93.4x | 1.7x | -0.9% | 14.2x |
| Kama Holdings LimitedKAMAHOLD | ₹9,133 Cr | 81.5x | 10.7x | 12.4% | 28.6x |
| CSB Bank LimitedCSBBANK | ₹8,994 Cr | 14.5x | 1.9x | 13.2% | — |
| LLOYDS ENTERPRISES LIMITEDLLOYDSENT | ₹8,577 Cr | 33.9x | 1.8x | 0.3% | 93.3x |
| India Shelter Finance Corporation LimitedINDIASHLTR | ₹8,514 Cr | 19.1x | 2.9x | 13.9% | — |
| Religare Enterprises LtdRELIGARE | ₹8,089 Cr | — | 3.3x | -1.8% | -200.1x |
| Equitas Small Finance Bank LimitedEQUITASBNK | ₹7,758 Cr | — | 1.3x | 2.4% | — |
| Peer median | — | 26.9x | 2.8x | 12.3% | 33.9x |
Year-to-date ROI
TMB since 1 January, against earlier years.
Historical volatility
TMB's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 5.0% |
| FY2022 | 9.0% |
| FY2023 | 20.0% |
| FY2024 | 17.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| Revenue | ₹5,291 Cr |
| Costs | |
| Interest | ₹2,990 Cr |
| Expenses | ₹1,490 Cr |
| Financing profitFinancing Profit | ₹811 Cr |
| Financing marginFinancing Margin % | 15.0% |
| Other income and charges | |
| Profit before tax | ₹1,575 Cr |
| Tax | |
| Net profitNet Profit | ₹1,183 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹66,450 Cr |
| Equity capitalEquity Capital | ₹158 Cr |
| Reserves | ₹8,850 Cr |
| Deposits | ₹53,689 Cr |
| BorrowingsBorrowing | ₹500 Cr |
| Other liabilitiesOther Liabilities | ₹3,252 Cr |
| AssetsTotal Assets | ₹66,450 Cr |
| Fixed assetsFixed Assets | ₹284 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹15,101 Cr |
| Other assetsOther Assets | ₹51,065 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,899 Cr |
| Investing cash flowCash from Investing Activity | -₹99 Cr |
| Financing cash flowCash from Financing Activity | -₹960 Cr |
| Change in cashNet Cash Flow | ₹840 Cr |
Learn while you research
Academy chapters picked for Tamilnad Mercantile Bank Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Value InvestingA P/E of 7.4 could be a value opportunity, or a value trap. Know the difference.7 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Sector AnalysisBanks & financials are uniquely sensitive to rates and credit cycles.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read