Tamilnad Mercantile Bank Ltd
TMBTamilnad Mercantile Bank Ltd
TMB
FinancialsPrivate Banks
SmallcapWith a market cap of ₹8,217 cr, stock is ranked 507
Moderate RiskStock is 2.94x as volatile as Nifty
519.350.08% (+0.40)
519.350.08% (+0.40)
Price Chart
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Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
AvgCan be considered moderately valued vs the market
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 7.70 | 1.19 | 0.96% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.54 | 2.51 | 0.92% |
Forecast & Ratings
Detailed Forecast—
Forecast data is currently unavailable for this stockPrice
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Tamilnad Mercantile Bank is an India-based private sector bank. The bank operates through four segments: Treasury, Corporate / Wholesale Banking, and Retail Banking.
Investor Presentation
View olderPeers
Compare with peersHDFC Bank Ltd
PE Ratio
26.56
1Y Return
0.22%
Buy Reco %
92.50
ICICI Bank Ltd
PE Ratio
20.42
1Y Return
6.17%
Buy Reco %
94.87
Kotak Mahindra Bank Ltd
PE Ratio
24.25
1Y Return
6.19%
Buy Reco %
45.71
Axis Bank Ltd
PE Ratio
32.07
1Y Return
25.18%
Buy Reco %
89.47
Indusind Bank Ltd
PE Ratio
15.82
1Y Return
26.70%
Buy Reco %
92.50
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Annual Normal View
Income Statement
Annual Normal View
| Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,127.41 | 3,570.67 | 3,811.47 | 3,756.61 | 3,638.80 | 3,992.53 | 4,253.40 | 4,646.12 | 4,710.15 | 5,115.00 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 3,713.15 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 315.24 | 349.95 | 377.84 | 362.14 | 375.31 | 435.54 | 560.50 | 615.79 | 618.67 | |||||||||||
| Selling & Administrative Expenses | 127.81 | 142.22 | 156.14 | 158.97 | 161.90 | 171.19 | 170.22 | 198.78 | 217.68 | |||||||||||
| Operating & Other expenses | 2,108.26 | 2,495.99 | 2,744.87 | 2,886.12 | 2,807.44 | 2,770.83 | 2,695.76 | 2,673.75 | 2,426.25 | |||||||||||
EBITDA | 576.10 | 582.51 | 532.62 | 349.38 | 294.15 | 614.97 | 826.92 | 1,157.80 | 1,447.55 | 1,401.85 | ||||||||||
| Depreciation/Amortization | 33.76 | 33.45 | 40.28 | 39.67 | 35.56 | 30.08 | 28.56 | 33.19 | 53.92 | — | ||||||||||
| PBIT | 542.34 | 549.06 | 492.34 | 309.71 | 258.59 | 584.89 | 798.36 | 1,124.61 | 1,393.63 | 1,401.85 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 542.34 | 549.06 | 492.34 | 309.71 | 258.59 | 584.89 | 798.36 | 1,124.61 | 1,393.63 | 1,401.85 | ||||||||||
| Taxes & Other Items | 162.95 | 146.90 | 175.67 | 87.79 | 0.00 | 177.20 | 195.03 | 302.70 | 364.38 | 334.36 | ||||||||||
| Net Income | 379.39 | 402.16 | 316.67 | 221.92 | 258.59 | 407.69 | 603.33 | 821.91 | 1,029.25 | 1,067.49 | ||||||||||
| EPS | 26.62 | 28.22 | 22.22 | 15.57 | 18.15 | 28.61 | 42.34 | 57.67 | 68.42 | 67.41 | ||||||||||
| DPS | 3.19 | 3.76 | 3.20 | 3.20 | 2.40 | 3.86 | 0.00 | 5.00 | 5.00 | 10.00 | ||||||||||
| Payout ratio | 0.12 | 0.13 | 0.14 | 0.21 | 0.13 | 0.13 | 0.00 | 0.09 | 0.07 | 0.15 |
Company Updates
Peers & Comparison
Comparing 3 stocks from
FinancialsPrivate Banks
Compare valuation on Screener
FinancialsPrivate Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Tamilnad Mercantile Bank Ltd | 7.98 | 1.19 | 0.96% |
| HDFC Bank Ltd | 26.56 | 4.21 | 0.87% |
| ICICI Bank Ltd | 20.42 | 3.14 | 0.80% |
| Kotak Mahindra Bank Ltd | 24.25 | 3.22 | 0.08% |
Price Comparison
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TMB
Shareholdings
Promoter Holdings Trend
Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock
In last 3 months, foreign institutional holding of the company has increased by 1.99%
Shareholding Pattern
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Shareholding History
Mutual Funds
Mutual Funds Holding Trend
A list of mutual funds holding the stock, ranked on the basis of Market-cap held which is calculated as the value of stock held in the portfolio divided by its market cap
Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Tamilnad Mercantile Bank Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Nifty Microcap 250 Index Fund- Direct- Growth Option Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0738% | Percentage of the fund’s portfolio invested in the stock 1.31% | Change in the portfolio weight of the stock over the last 3 months 1.31% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 243/297 (+9) |
Groww Nifty Total Market Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0002% | Percentage of the fund’s portfolio invested in the stock 0.04% | Change in the portfolio weight of the stock over the last 3 months 0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 294/753 (-1) |
HDFC S&P BSE 500 Index Fund - Direct - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0001% | Percentage of the fund’s portfolio invested in the stock 0.06% | Change in the portfolio weight of the stock over the last 3 months 0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 446/506 (+55) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 29, 2023
Final
Final | Div/Share: ₹5.00
Dividend/Share
₹5.00
Ex DateEx Date
Aug 29, 2023
Cash Dividend
Ex DateEx DateFeb 24, 2023
Interim
Interim | Div/Share: ₹5.00
Dividend/Share
₹5.00
Ex DateEx Date
Feb 24, 2023
News & Opinions
Articles & Videos
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Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 4.63%, vs industry avg of 12.08%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.84% to 0.6%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 35.91%, vs industry avg of 23.14%