Tamilnad Mercantile Bank Limited share price

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, mutual fund, insurance, portfolio management, online bill payment, sovereign gold bond scheme, forex, e-tax payment, e-stamping, SMS alert, POS terminal, and Internet and mobile banking services. It also provides home, car, two wheeler, personal, LAP, pension, gold overdraft, education, jewel, traders and services, MSME, vyapari, GST,…Read more

Website NSE BSE

Financial ServicesBanks - RegionalNifty Microcap 250NSE: TMBISIN INE668A01016

16 Oct 2026, 3:29 PM IST₹857.30▲ 2.40 (0.28%)

Market Cap₹ 13,575 Cr.
Current Price₹ 857.30
High / Low₹ 954 / 428
Stock P/E9.4
Book Value₹ 667
Dividend Yield1.46 %
Price / Book1.29
ROE14.00 %
Face Value₹ 10.0

More figures (8)

EPS (TTM)₹ 91.21
Net margin39.3 %
Sales growth (3Y)7.7 %
Profit growth (3Y)9.1 %
Promoter holding29.6 %
EV / EBITDA—
Beta0.39
All-time high₹ 954

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
TMB	-5.19%	+7.50%	+25.88%	+66.85%	+100.00%	+13.42%	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Tamilnad Mercantile Bank Limited is in the Banks - Regional industry (Financial Services), with a market value of ₹13,575 crore.
It trades at 9.4 times its last 12 months' earnings and 1.3 times book value.
Revenue grew 7.7% a year over the last 3 years, profit 9.1% a year.
Return on equity was 14.0% in the latest year.
The share price is 10.2% below its 52-week high and up 100.0% over one year.
Promoters and insiders hold about 29.6%; institutions about 4.1%.

Pros

Latest quarter (Jun 2026): sales up 20% and profit up 35% from a year ago.
Healthy return on equity of 14.1% on average over the last 3 years.

Cons

Trades at 9.4 times earnings, above its 3-year median of 6.7.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Tamilnad Mercantile Bank Limited

Employees: 4,786
Head office: Thoothukudi
NSE industry: Financial Services

Peer comparison

Company	Market cap (₹ Cr)	P/E	P/B	ROE	OPM	Sales CAGR	Div. yield
Tamilnad Mercantile Bank LimitedTMB	13,575	9.4	1.29	14.0%	—	+7.7%	1.46%
HDFC Bank LimitedHDFCBANK	11,23,776	15.9	1.85	8.9%	—	+16.9%	1.79%
ICICI Bank LimitedICICIBANK	10,02,968	18.1	2.63	16.0%	—	+18.1%	0.86%
State Bank of IndiaSBIN	8,88,554	10.3	1.43	15.4%	—	+12.2%	1.81%
Kotak Mahindra Bank LimitedKOTAKBANK	4,45,068	21.9	2.46	11.4%	—	+13.5%	0.15%
Axis Bank LimitedAXISBANK	4,01,677	14.5	1.80	13.1%	—	+12.2%	0.08%
Punjab National BankPNB	1,33,663	6.1	0.85	13.0%	—	+10.0%	2.61%
Union Bank of IndiaUNIONBANK	1,31,054	6.3	0.94	15.7%	—	+7.6%	2.90%
Bank of Baroda LimitedBANKBARODA	1,19,148	6.6	0.71	12.7%	—	+10.3%	3.73%
Canara BankCANBK	1,07,297	5.3	0.84	17.7%	—	+5.0%	3.59%

Companies in the same industry (Banks - Regional). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.

Quarterly Results

Standalone figures in ₹ crore

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,209	1,229	1,254	1,281	1,337	1,331	1,342	1,386	1,413	1,469	1,550	1,662
YOY Revenue Growth %					10.61%	8.29%	7.02%	8.20%	5.68%	10.40%	15.56%	19.92%
Interest on advances	935	951	984	1,013	1,073	1,073	1,087	1,107	1,127	1,197	1,284	1,372
Income on investments	268	271	263	260	258	252	247	262	271	262	255	278
Interest	676	692	687	715	741	761	774	807	816	823	846	897
	347	327	388	417	423	355	382	407	373	375	443	446
Employee cost	168	167	189	179	191	178	178	223	176	175	221	209
Other operating expenses	156	158	175	152	167	173	187	176	177	199	203	183
Provisions & contingencies	23	2	24	85	65	3	17	8	20	1	19	54
Financing Profit	186	210	179	150	173	216	186	173	224	271	262	319
Financing Margin %	15%	17%	14%	12%	13%	16%	14%	12%	16%	18%	17%	19%
Other Income	156	158	164	234	227	189	200	231	208	196	242	238
Profit before tax	342	368	343	383	400	404	387	404	432	467	504	557
Tax %	20%	23%	26%	25%	24%	26%	25%	25%	27%	27%	26%	26%
	274	284	253	287	303	300	292	305	318	342	374	412
Profit to shareholders	274	284	253	287	303	300	292	305	318	342	374	412
YOY Profit Growth %					10.85%	5.63%	15.35%	6.13%	4.73%	13.74%	28.01%	34.97%
EPS in Rs	17.27	17.95	15.98	18.14	19.15	18.96	18.44	19.25	20.05	21.57	23.60	25.99
Gross NPA %	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Net NPA %	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Standalone figures in ₹ crore

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	4,848	5,291	5,819	6,096
YOY Revenue Growth %		9.15%	9.98%
Interest on advances	3,758	4,246	4,715
Income on investments	1,056	1,017	1,049
Interest	2,697	2,990	3,292	3,383
	1,402	1,577	1,598	1,637
Employee cost	686	726	794	781
Other operating expenses	628	679	755	762
Provisions & contingencies	88	171	49	94
Financing Profit	749	724	930	1,076
Financing Margin %	15%	14%	16%	18%
Other Income	645	850	877	884
Profit before tax	1,394	1,575	1,807	1,960
Tax %	23%	25%	26%	26%
	1,072	1,183	1,338	1,444
Profit to shareholders	1,072	1,183	1,338	1,444
YOY Profit Growth %		10.32%	13.10%
EPS in Rs	67.70	74.68	84.47	91.21
Gross NPA %	0.01%	0.01%	0.01%
Net NPA %	0.01%	0.00%	0.00%
Dividend Payout %	7%	13%	13%

Compounded Sales Growth

TTM:: 13%

Compounded Profit Growth

TTM:: 20%

Stock Price CAGR

3 Years:: 13%
1 Year:: 100%

Return on Equity

4 Years:: 14%
Last Year:: 14%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	158	158	158	158
Reserves	6,770	7,763	8,850	9,952
Borrowings	525	500	500	700
	50,442	53,132	56,941	64,489
Trade payables	145	88	104	112
Total Liabilities	57,895	61,552	66,450	75,300
	246	271	284	311
Gross block	736	837	936	1,055
Accumulated depreciation	490	566	652	744
Investments	14,156	15,263	15,101	15,693
	43,494	46,019	51,065	59,296
Cash & equivalents	3,582	3,568	4,408	4,215
Total Assets	57,895	61,552	66,450	75,300

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1,270	-611	1,899	-101
Profit for the year	1,029	1,072	1,183	1,338
Working capital changes	-2,534	-1,773	439	-1,602
Direct taxes paid	-362	-315	-372	-446
	-89	-100	-99	-118
Fixed assets purchased	-90	-101	-105	-128
Fixed assets sold	1	0	6	10
	1,088	697	-960	26
Dividends paid	-222	-79	-158	-174
Net Cash Flow	-270	-14	840	-193
Free Cash Flow	-1,359	-711	1,794	-229

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	14.9%	14.4%	14.0%	14.0%
Net margin	37.8%	38.3%	37.5%	39.3%

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

FIIs 6.86%
DIIs 2.07%
Public 91.07%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	3.14%	3.45%	3.67%	4.08%	4.12%	4.22%	4.58%	4.65%	4.95%	6.19%	6.73%	6.86%
Foreign portfolio investors (Cat. I)	3.01%	3.31%	3.51%	3.80%	3.81%	3.94%	4.22%	4.29%	4.52%	5.77%	6.19%	6.36%
Foreign portfolio investors (Cat. II)	0.12%	0.14%	0.16%	0.28%	0.31%	0.28%	0.36%	0.36%	0.43%	0.42%	0.54%	0.49%
	3.63%	3.19%	3.17%	2.66%	2.66%	2.66%	2.40%	2.41%	2.46%	1.91%	1.95%	2.07%
Mutual funds	0.08%	0.15%	0.18%							0.35%	0.58%	0.66%
Insurance companies	2.94%	2.46%	2.41%	2.08%	2.08%	2.07%	1.77%	1.77%	1.75%	0.73%	0.65%	0.65%
Alternative investment funds	0.18%	0.14%	0.14%	0.14%	0.15%	0.15%	0.19%	0.20%	0.28%	0.28%	0.29%	0.32%
	93.23%	93.36%	93.16%	93.26%	93.22%	93.12%	93.03%	92.94%	92.59%	91.90%	91.32%	91.07%
Retail (up to ₹2 lakh)	17.61%	18.00%	18.11%	18.52%	18.37%	18.49%	18.36%	18.19%	17.51%	16.90%	16.71%	16.38%
HNIs (above ₹2 lakh)	39.97%	41.56%	41.54%	41.07%	40.84%	40.49%	39.68%	39.50%	40.36%	40.45%	40.09%	40.10%
NRIs	1.21%	1.48%	1.55%	1.57%	1.56%	1.59%	1.67%	1.71%	1.76%	1.74%	1.74%	1.73%
Bodies corporate	4.88%	4.94%	4.20%	4.28%	4.65%	4.75%	4.82%	4.84%	3.73%	3.55%	3.58%	3.53%
IEPF	1.21%	1.20%	1.20%	1.20%	1.20%	1.19%	1.19%	1.40%	1.50%	1.49%	1.47%	1.61%
No. of Shareholders	1,05,095	1,13,643	1,16,186	1,20,897	1,23,233	1,27,154	1,25,220	1,24,440	1,19,203	1,17,065	1,17,147	1,19,980

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 12 Jun 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Questions about Tamilnad Mercantile Bank Limited

What is the share price of Tamilnad Mercantile Bank Limited today?

Tamilnad Mercantile Bank Limited (TMB) last traded at ₹857.30 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Tamilnad Mercantile Bank Limited?

About ₹13,575 crore at the latest price.

What is the P/E ratio of Tamilnad Mercantile Bank Limited?

About 9.4 times its earnings over the last 12 months.

Is Tamilnad Mercantile Bank Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Tamilnad Mercantile Bank Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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