Market Data
Market Cap₹13,657.81 Cr.
52W High₹954.7
Current Price₹862.5
52W Low₹420.05
Down from 52W High9.7 %
Face Value₹10
Performance
ROCE49.42 %
ROE14.28 %
EPS (TTM)₹25.99
EPS Prev Qtr₹23.6
EPS Last Year₹20.05
EBITDA Qtr₹611.07 Cr.
Book Value₹639
Financial Health
Debt/Equity0.07
Debt/Profit0.48
Total Assets₹75,299.59 Cr.
Dividend Yield1.45 %
Earning Power2.73 %
Valuation
Stock P/E9.46
Industry P/E10.31
Price to Book1.35
Price to Sales2.24
Graham Number₹1,145.05
Key Metrics
Book Value
₹667
Branches
628
Capital Adequacy % (Basel III)
32.33%
CASA %
26.16%
__derived
1
Face Value
₹10
Gross NPA %
0.69%
Net NPA %
0.17%
NIM %
4.29%
Provision Coverage %
96.04%
Total Advances
₹57,306 Cr
Total Deposits
₹64,409 Cr
About Tamilnad Mercantile Bank Ltd
Financial Services · Banks
Tamilnad Mercantile Bank Ltd is listed on NSE in the Financial Services / Banks sector. Face value ₹10. Market cap ₹13,657.81 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The bank has a strong Capital Adequacy ratio of 32.33%, well above regulatory requirements.
- It maintains a healthy Net NPA ratio of 0.17%, indicating low credit risk.
- The bank boasts a high ROCE of 49.42%, reflecting efficient use of capital.
- With a NIM of 4.29%, the bank demonstrates strong interest income generation capability.
- The Provision Coverage ratio stands at 96.04%, showing robust provisioning against potential defaults.
- The bank has a relatively low Debt to Equity ratio of 0.07, indicating conservative leverage.
Weaknesses
- The CASA ratio is relatively low at 26.16%, which may impact funding stability and profitability.
- The P/E ratio of 10.11 suggests the stock may be fairly valued or overvalued relative to earnings.
- The Dividend Yield is only 1.36%, which may not attract income-focused investors.
- A promoter holding of 0% might raise governance concerns for some investors.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| HDFC Bank Ltd | - | 13.99 | ₹11,07,124.43 Cr | 2.16% | ₹82,511.72 Cr | - | ₹3,51,818.61 Cr | - | 25.02% | 1 |
| ICICI Bank Ltd | - | 16.6 | ₹9,33,466.75 Cr | 0.92% | ₹59,489.34 Cr | - | ₹1,98,379.35 Cr | - | 28.81% | 0.61 |
| State Bank of India | - | 10.31 | ₹8,87,893.11 Cr | 1.8% | ₹88,120.87 Cr | - | ₹5,25,747.06 Cr | - | 31.79% | 1.3 |
| Kotak Mahindra Bank Ltd | - | 6.91 | ₹3,99,857.71 Cr | 0.16% | ₹20,238.55 Cr | - | ₹70,887.47 Cr | - | 20.7% | 0.53 |
| Axis Bank Ltd | - | 13.54 | ₹3,76,715.23 Cr | 0.08% | ₹27,890.16 Cr | - | ₹1,35,731.89 Cr | - | 22.33% | 1.31 |
| Union Bank of India | - | 6.35 | ₹1,31,145.34 Cr | 2.91% | ₹20,012.21 Cr | - | ₹1,07,127.36 Cr | - | 44.93% | 0.58 |
| Punjab National Bank | - | 5.87 | ₹1,29,295.61 Cr | 2.67% | ₹20,602.7 Cr | - | ₹1,31,788.93 Cr | - | 45.06% | 0.72 |
| Bank of Baroda | - | 6.49 | ₹1,17,855.34 Cr | 3.73% | ₹17,697.87 Cr | - | ₹1,36,546.33 Cr | - | 31.19% | 1.03 |
| Canara Bank | - | 5.52 | ₹1,09,664.17 Cr | 3.47% | ₹18,979.1 Cr | - | ₹1,27,805.38 Cr | - | 42.06% | 1.32 |
| Indian Bank | - | 8.47 | ₹1,08,282.43 Cr | 2.27% | ₹12,541.37 Cr | - | ₹69,314.13 Cr | - | 45.78% | 0.58 |
| IDBI Bank Ltd | - | 9.73 | ₹90,750.27 Cr | - | ₹9,318.15 Cr | - | ₹29,542.24 Cr | - | 28.56% | 0.41 |
| Federal Bank Ltd | - | 17.05 | ₹80,026.16 Cr | 0.37% | ₹4,834.22 Cr | - | ₹30,384.84 Cr | - | 33.62% | 0.86 |
| AU Small Finance Bank Ltd | - | 26.11 | ₹74,747.4 Cr | 0.1% | ₹2,856.35 Cr | - | ₹19,560.64 Cr | - | 149.65% | 3.56 |
| IndusInd Bank Ltd | - | 53.5 | ₹70,733.57 Cr | 0.17% | ₹1,322.16 Cr | - | ₹45,296.87 Cr | - | 26.82% | 0.65 |
| IDFC First Bank Ltd | - | 31 | ₹69,426.16 Cr | 0.31% | ₹2,304.91 Cr | - | ₹41,957.76 Cr | - | 26.68% | 0.77 |
| Yes Bank Ltd | - | 17.82 | ₹66,539.94 Cr | - | ₹3,775.15 Cr | - | ₹30,658.32 Cr | - | 21.74% | 1.28 |
| RBL Bank Ltd | - | 29.1 | ₹62,809.51 Cr | 0.25% | ₹899.06 Cr | - | ₹14,735.81 Cr | - | 27.86% | 1 |
| Bank of Maharashtra | - | 8.24 | ₹62,109.31 Cr | 2.72% | ₹7,448.08 Cr | - | ₹30,262.41 Cr | - | 35.86% | 1.06 |
| Indian Overseas Bank | - | 10.36 | ₹61,062.65 Cr | - | ₹5,757.71 Cr | - | ₹33,289.81 Cr | - | 29.78% | 1.4 |
| Bank of India | - | 5.04 | ₹59,389.55 Cr | 3.56% | ₹11,463.77 Cr | - | ₹77,243.58 Cr | - | 31.76% | 1.32 |
Quarterly Results
📊 Jun 2026: Revenue grew 19.9% YoY, Profit grew 35.0% YoY
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 1,386.24 | 1,413.39 | 1,469.41 | 1,550.38 | 1,662.43 |
| ↳ QoQ Growth | - | +2.0% | +4.0% | +5.5% | +7.2% |
| Expenses | 8.34 | 20.01 | 1.49 | 18.79 | 53.93 |
| Operating Profit | 412.26 | 452.43 | 468.23 | 522.31 | 611.07 |
| OPM % | 29.74% | 32.01% | 31.87% | 33.69% | 36.76% |
| Other Income | 231.23 | 208.07 | 196.01 | 241.76 | 238.36 |
| Interest | 806.69 | 816.26 | 823.27 | 845.93 | 897.35 |
| Depreciation | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| EBITDA Margin % | - | - | - | - | - |
| Profit Before Tax | 403.92 | 432.42 | 466.74 | 503.52 | 557.14 |
| Tax % | 24.52% | 26.57% | 26.83% | 25.79% | 26.14% |
| Net Profit | 304.89 | 317.51 | 341.5 | 373.65 | 411.51 |
| ↳ QoQ Growth | - | +4.1% | +7.6% | +9.4% | +10.1% |
| EPS | 19.26 | 20.05 | 21.57 | 23.6 | 25.99 |
Profit & Loss
| Mar 2026 | TTM | |
|---|---|---|
| Sales | 5819.42 | 6095.61 |
| Expenses | 48.63 | 94.22 |
| Operating Profit | 1855.23 | 2054.04 |
| OPM % | 31.88% | 33.7% |
| Other Income | 877.07 | 884.2 |
| Interest | 3292.15 | 3382.81 |
| Depreciation | - | - |
| Profit Before Tax | 1806.6 | 1959.82 |
| Tax % | 25.96% | 26.31% |
| Net Profit | 1337.55 | 1444.17 |
| EPS | 84.48 | 91.21 |
Compounded Sales Growth
10Y
-
5Y
-
3Y
-
TTM
-
Compounded Profit Growth
10Y
-
5Y
-
3Y
-
TTM
-
Stock Price CAGR
10Y
-
5Y
-
3Y
-
1Y
103.4%
Return on Equity
10Y
-
5Y
-
3Y
-
Last Year
14.28%
Balance Sheet
| Mar 2026 | Mar 2027 | |
|---|---|---|
| Equity Capital | 158.3515 | 158.35 |
| Reserves | 9951.81 | 10403.67 |
| Borrowings | 700 | 1540.21 |
| Other Liabilities | 64489.44 | 67683.82 |
| Total Liabilities | 75299.59 | 79786.05 |
| Fixed Assets | 310.5553 | 312.09 |
| CWIP | 0 | - |
| Investments | 15692.68 | 16202.27 |
| Other Assets | 59296.36 | 63271.69 |
| Total Assets | 75299.59 | 79786.05 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | -100.8738 |
| Cash from Investing Activity | -118.2472 |
| Cash from Financing Activity | 25.8134 |
| Net Cash Flow | -193.3076 |
Ratios
| Mar 2026 | |
|---|---|
| Debtor Days | - |
| Inventory Days | - |
| Days Payable | - |
| Cash Conversion Cycle | - |
| Working Capital Days | 4678.96 |
| ROCE % | 2.49% |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 0% | 0% | 0% | 0% |
| FIIs % | 4.65% | 4.95% | 6.19% | 6.73% |
| DIIs % | 2.41% | 2.46% | 1.91% | 1.96% |
| Public % | 57.69% | 57.87% | 57.35% | 56.8% |
| No. of Shareholders | 1,24,440 | 1,19,203 | 1,17,065 | 1,17,147 |
Major Shareholders (>1%)
- Bucket 1 (court Cases)Public Shareholding8.77%
- Robert And Ardis James Company LimitedPublic Shareholding4.45%
- Starship Equity Holdings LtdPublic Shareholding4.25%
- Subcontinental Equities LimitedPublic Shareholding4.18%
As of 2026-06-30View all shareholders →