Tamilnad Mercantile Bank Ltd
TMBTamilnad Mercantile Bank Ltd
TMB
Price Chart
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 |
|---|---|---|
| 6.89 | 0.95 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 18.08 | 2.54 | 0.82% |
Forecast & Ratings
Detailed Forecast Price
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.
Peers
Compare with peersHDFC Bank Ltd
ICICI Bank Ltd
Axis Bank Ltd
Kotak Mahindra Bank Ltd
Indusind Bank Ltd
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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
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,570.67 | 3,811.47 | 3,756.61 | 3,638.80 | 3,992.53 | 4,253.40 | 4,646.12 | 4,710.15 | 5,492.86 | 5,684.83 | ||||||||||
Raw Materials | — | — | — | — | — | — | — | — | — | 4,248.76 | ||||||||||
| Power & Fuel Cost | — | — | — | — | — | — | — | — | — | |||||||||||
| Employee Cost | 349.95 | 377.84 | 362.14 | 375.31 | 435.54 | 560.50 | 615.79 | 618.67 | 685.91 | |||||||||||
| Selling & Administrative Expenses | 142.22 | 156.14 | 158.97 | 161.90 | 171.19 | 170.22 | 198.78 | 217.68 | 240.63 | |||||||||||
| Operating & Other expenses | 2,495.99 | 2,744.87 | 2,886.12 | 2,807.44 | 2,770.83 | 2,695.76 | 2,673.75 | 2,426.25 | 3,097.56 | |||||||||||
EBITDA | 582.51 | 532.62 | 349.38 | 294.15 | 614.97 | 826.92 | 1,157.80 | 1,447.55 | 1,468.76 | 1,436.07 | ||||||||||
| Depreciation/Amortization | 33.45 | 40.28 | 39.67 | 35.56 | 30.08 | 28.56 | 33.19 | 53.92 | 75.17 | — | ||||||||||
| PBIT | 549.06 | 492.34 | 309.71 | 258.59 | 584.89 | 798.36 | 1,124.61 | 1,393.63 | 1,393.59 | 1,436.07 | ||||||||||
| Interest & Other Items | — | — | — | — | — | — | — | — | — | — | ||||||||||
| PBT | 549.06 | 492.34 | 309.71 | 258.59 | 584.89 | 798.36 | 1,124.61 | 1,393.63 | 1,393.59 | 1,436.07 | ||||||||||
| Taxes & Other Items | 146.90 | 175.67 | 87.79 | 0.00 | 177.20 | 195.03 | 302.70 | 364.38 | 321.55 | 337.98 | ||||||||||
| Net Income | 402.16 | 316.67 | 221.92 | 258.59 | 407.69 | 603.33 | 821.91 | 1,029.25 | 1,072.04 | 1,098.09 | ||||||||||
| EPS | 28.22 | 22.22 | 15.57 | 18.15 | 28.61 | 42.34 | 57.67 | 68.42 | 67.70 | 69.35 | ||||||||||
| DPS | 3.76 | 3.20 | 3.20 | 2.40 | 3.86 | 0.00 | 5.00 | 5.00 | — | 5.00 | ||||||||||
| Payout ratio | 0.13 | 0.14 | 0.21 | 0.13 | 0.13 | 0.00 | 0.09 | 0.07 | 0.00 | 0.07 |
Company Updates
Peers & Comparison
FinancialsPrivate Banks
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Tamilnad Mercantile Bank Ltd | 7.06 | 0.95 | — |
| HDFC Bank Ltd | 19.59 | 2.67 | 1.18% |
| ICICI Bank Ltd | 19.66 | 3.22 | 0.81% |
| Axis Bank Ltd | 13.72 | 2.30 | 0.09% |
Price Comparison
Compare TMB with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) |
|---|---|---|---|---|
Nippon India Nifty Smallcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0689% | Percentage of the fund’s portfolio invested in the stock 0.29% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 138/254 (-7) |
SBI Nifty Smallcap 250 Index Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0383% | Percentage of the fund’s portfolio invested in the stock 0.29% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 139/254 (-7) |
Motilal Oswal Nifty Smallcap 250 Index Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0315% | Percentage of the fund’s portfolio invested in the stock 0.29% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 138/255 (-7) |
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
Upcoming Dividends
Cash Dividend
Ex DateEx DateSep 20, 2024
Dividend/Share
₹10.00
Ex DateEx Date
Sep 20, 2024
Past Dividends
Cash Dividend
Ex DateEx DateAug 29, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Aug 29, 2023
Cash Dividend
Ex DateEx DateFeb 24, 2023
Dividend/Share
₹5.00
Ex DateEx Date
Feb 24, 2023
Tamilnad Mercantile Bank announced that the 102th Annual General Meeting (AGM) of the bank will be held on 27 September 2024.Powered by Capital Market - Live
Tamilnad Mercantile Bank announced the appointment of R.Kanagavalli (DIN - 00883998) as an Additional Director (Independent) on the Board of the Bank, for a period of three years, with effect from 19 August 2024, subject to the approval of the Shareholders.Powered by Capital Market - Live
Salee Nair, a post graduate in Applied Electronics, started his banking career in the year 1987. He joined State Bank of India as a probationary officer. In a career span of more than 35 years, he has handled various assignments, mostly in the Corporate A/c Group, handling large Corporates. He also had two assignments in the International Banking group of SBI, first at New York, USA and later heading the Australian Operations based at Sydney. The private sector bank also stated that the appointment is subject to the approval of the shareholders. Tamilnad Mercantile Bank is one of the renowned old private sector banks. TMB has a pan India presence with 536 branches, 1,149 ATMs and 324 CRMs The bank's net profit jumped 11.54% to Rs 261.53 crore on 15.86% increase in total income to Rs 1,322.89 crore in Q1 FY24 over Q1 FY23. The scrip rose 0.93% to close at Rs 451.15 on Friday, 16 August 2024.Powered by Capital Market - Live
Volumes spurt at Tamilnad Mercantile Bank Ltd counter
Glenmark Life Sciences Ltd leads gainers in ‘A’ group
Volumes soar at Tamilnad Mercantile Bank Ltd counter
Samvardhana Motherson International Ltd, Britannia Industries Ltd, Sheela Foam Ltd, Medplus Health Services Ltd are among the other stocks to see a surge in volumes on BSE today, 05 August 2024.Tamilnad Mercantile Bank Ltd recorded volume of 1.64 lakh shares by 10:46 IST on BSE, a 12.92 times surge over two-week average daily volume of 12695 shares. The stock gained 3.55% to Rs.468.10. Volumes stood at 8534 shares in the last session.Samvardhana Motherson International Ltd witnessed volume of 19.19 lakh shares by 10:46 IST on BSE, a 4.22 times surge over two-week average daily volume of 4.55 lakh shares. The stock dropped 8.51% to Rs.176.90. Volumes stood at 3.34 lakh shares in the last session.Britannia Industries Ltd registered volume of 24633 shares by 10:46 IST on BSE, a 3.91 fold spurt over two-week average daily volume of 6306 shares. The stock rose 1.08% to Rs.5,784.90. Volumes stood at 9935 shares in the last session.Sheela Foam Ltd witnessed volume of 16926 shares by 10:46 IST on BSE, a 3.51 times surge over two-week average daily volume of 4825 shares. The stock dropped 3.14% to Rs.967.25. Volumes stood at 2002 shares in the last session.Medplus Health Services Ltd registered volume of 17075 shares by 10:46 IST on BSE, a 3.49 fold spurt over two-week average daily volume of 4891 shares. The stock rose 1.92% to Rs.686.80. Volumes stood at 3709 shares in the last session.Powered by Capital Market - Live
Net profit of Tamilnad Mercantile Bank rose 9.98% to Rs 287.29 crore in the quarter ended June 2024 as against Rs 261.23 crore during the previous quarter ended June 2023. Total Operating Income rose 10.84% to Rs 1281.15 crore in the quarter ended June 2024 as against Rs 1155.89 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Total Operating Income1281.151155.89 11 OPM %67.4670.57 - PBDT383.40340.91 12 PBT383.40340.91 12 NP287.29261.23 10 Powered by Capital Market - Live
Tamilnad Mercantile Bank will hold a meeting of the Board of Directors of the Company on 2 August 2024.Powered by Capital Market - Live
TMB: What Should Investors Do?
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 8.58%, vs industry avg of 16.96%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.69% to 0.48%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 32.9%, vs industry avg of 31.6%