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Tamilnad Mercantile Bank Ltd share price logo

Tamilnad Mercantile Bank Ltd

(TMB)

₹468.20.52%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Tamilnad Mercantile Bank Ltd Performance

  • Day's Low

    Day's High

    ₹465.15
    Day's Price Range
    ₹474.45
  • 52 Week's Low

    52 Week's High

    ₹418.1
    52-Week Price Range
    ₹524.65
1 Month Return+ 5.78 %
3 Month Return-2.13 %
1 Year Return-7.67 %
Previous Close₹470.65
Open₹471.45
Volume1.19L
Upper Circuit-
Lower Circuit-
Market Cap₹7,599.29Cr

Tamilnad Mercantile Bank Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹7,599.29 Cr
P/B Ratio0.97
EPS0
Dividend Yield0
SectorBanks
ROE14.44

Tamilnad Mercantile Bank Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹7,599.29 Cr-1.53%NANANA
BUY₹7,298.49 Cr19.71%NANANA
HOLD₹10,081.66 Cr-10.16%NA₹1,259 Cr₹15,453 Cr
BUY₹3,953.38 Cr-4.88%NANANA
BUY₹13,299.21 Cr-4.11%NANANA

Tamilnad Mercantile Bank Ltd Mutual Fund Holdings

Funds HoldingsPrev. 6M
HDFC BSE 500 Index Fund Direct Growth logoHDFC BSE 500 Index Fund Direct Growth0.03%

About Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Limited is one of the oldest banks in India, incorporated in 1921 with a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock Palamcottah. It started its rural operations in 1968 by opening a rural branch in Vilathikulam, Tamil Nadu, and obtained the banking license from the Reserve Bank of India (RBI) in 1962. Over the years, the bank has embraced modern technology to offer a wide variety of services, such as Foreign Exchange dealing (1999),ATMs (2004), Mobile banking (2008), and more. As of 2021 June, the Bank has 509 branches and 941 ATMs across 106 rural, 247 semi-urban, 80 urban, and 76 metropolitan centres in Tamil Nadu where it has a strong presence. Furthermore, TMB was recognised by Pension Fund Regulatory and Development Authority of India as the Best Performing Bank for the period 2020-2021 under the Atal Pension Yojana. As a leading bank, their services are primarily focused towards meeting the banking and financial needs of MSMEs, agricultural and retail customers.

Share Price: ₹468.20 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹7,599.29Cr as of today
Listing date: 15 Sep, 2022
Chairperson Name: BALAKRISHNAN PRABAHARAN
OrganisationTamilnad Mercantile Bank Ltd
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for Tamilnad Mercantile Bank Ltd

  • Tamilnad Mercantile Bank Appoints New Head of Internal Audit - 11 Nov, 2024

    Tamilnad Mercantile Bank Limited has appointed Shri. S. Ilangovan as the new Head of Internal Audit (Executive Vice President) for a three-year term starting November 11, 2024, replacing Shri. K. Ananth.
  • Tamilnad Mercantile Bank Reports Strong Q2 Results - 29 Oct, 2024

    Tamilnad Mercantile Bank's Q2 FY25 results show a 10.85% increase in net profit to Rs 303.18 crore, driving shares up over 3%. Net interest income also rose significantly, reflecting improved financial health.
  • Tamilnad Mercantile Bank Reports Strong Q2 Results - 28 Oct, 2024

    Tamilnad Mercantile Bank announced a record net profit of ₹303 crore for Q2FY25, an 11% increase year-on-year, driven by growth in net interest income and improved asset quality.

Insights on Tamilnad Mercantile Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 3.67% to 4.08% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 93.16% to 93.26% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, ICICI Bank Ltd has given 29.4% return, outperforming this stock by 37.1%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.18% to 0.00% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, TMB stock has moved down by -7.7%

Tamilnad Mercantile Bank Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹47,527.17Cr (-)₹52,858.50Cr (↑11.22%)₹57,895.37Cr (↑9.53%)₹61,552.46Cr (↑6.32%)
Total Liabilities₹47,527.17Cr (-)₹52,858.50Cr (↑11.22%)₹57,895.37Cr (↑9.53%)₹61,552.46Cr (↑6.32%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow- (-)-₹670.36Cr (-)₹1,325.01Cr (↓297.66%)-₹1,269.80Cr (↓195.83%)-₹610.54Cr (↓51.92%)

Index Inclusions

BSE 500

₹35,082.25

-1.9 (-680.42%)

S&P BSE Fin. Ser

₹11,379.57

-1.62 (-187.38%)

DFRGRI Indices

₹1,410.04

-2.07 (-29.85%)

S&P BSE 400 MidSmallCap

₹12,101.72

-2.24 (-276.79%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

S&P BSE 250 SmallCap

₹7,054.81

-2.03 (-146.24%)

BSE Small-Cap

₹55,149.22

-2.11 (-1188.47%)

Tamilnad Mercantile Bank Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
0%
0.00
Foreign Institutions
4.08%
11.21
Mutual Funds
0%
-98.97
Retail Investors
93.26%
0.11
Others
2.66%
-11.11

Tamilnad Mercantile Bank Ltd Key Indicators

Details20202021202220232024
Return On Equity %10.7314.116.5816.7914.44

Tamilnad Mercantile Bank Ltd Earnings and Dividends

  • Tamilnad Mercantile Bank Ltd Earnings Results

    Tamilnad Mercantile Bank Ltd’s net profit jumped 10.85% since last year same period to ₹303.18Cr in the Q2 2024-2025. On a quarterly growth basis, Tamilnad Mercantile Bank Ltd has generated 5.53% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Tamilnad Mercantile Bank Ltd Dividends April,2024

    In the quarter ending March 2024, Tamilnad Mercantile Bank Ltd has declared dividend of ₹10 - translating a dividend yield of 3.20%.

    Read More about Dividends

Tamilnad Mercantile Bank Ltd Technicals Summary

Bearish

Neutral

Bullish

Neutral

Tamilnad Mercantile Bank Ltd is currently in a Neutral trading position according to technical analysis indicators.

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Tamilnad Mercantile Bank Ltd (TMB) share price today is ₹468.2

Tamilnad Mercantile Bank Ltd is listed on NSE

Tamilnad Mercantile Bank Ltd is listed on BSE

  • Today’s highest price of Tamilnad Mercantile Bank Ltd is ₹474.45.
  • Today’s lowest price of Tamilnad Mercantile Bank Ltd is ₹465.15.

Today’s traded volume of Tamilnad Mercantile Bank Ltd(TMB) is 1.19L.

Today’s market capitalisation of Tamilnad Mercantile Bank Ltd(TMB) is ₹7599.29Cr.

Tamilnad Mercantile Bank Ltd(TMBPrice
52 Week High
₹524.65
52 Week Low
₹418.1

Tamilnad Mercantile Bank Ltd(TMB) share price is ₹468.2. It is down -10.76% from its 52 Week High price of ₹524.65

Tamilnad Mercantile Bank Ltd(TMB) share price is ₹468.2. It is up 11.98% from its 52 Week Low price of ₹418.1

Tamilnad Mercantile Bank Ltd(TMBReturns
1 Day Returns
-2.45%
1 Month Returns
5.78%
3 Month Returns
-2.13%
1 Year Returns
-7.67%