Tamilnad Mercantile Bank Limited

NSE: TMB BSE: 543596 SECTOR: Financial Services - Banks | Add Note | View Notes

841 9(-1%)

Volume

2L as on 18, Sep

Open

459

High

460

Low

455

850

VWAP

897

52 Week High

954

52 Week Low

439

Viand Research Rating

Quality Score

40/100

Growth Score

8/100

Valuation Score

50/100

Momentum Score

20/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

13,317

No. of Shares

15.8

P/E

6.31

P/B

0.87

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

13.86

ROCE

Profit Growth

Listing Date

15-Sep-22

Rank/Sector Rank

#498/#94

Promoter Holding

FII Holding

6.19%

DII Holding

1.91%

Price Chart

Price Performance

1 Week2%

1 Month6%

3 Months15%

6 Months42%

1 Year42%

YTD42%

Moving Average

5 Day SMA894

10 Day SMA911

20 Day SMA905

30 Day SMA890

50 Day SMA866

61 Day SMA846

80 Day SMA824

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	929	898	921	929
Resistance 2	921	896	912	921
Resistance 1	906	894	907	906
Pivot Point	898	891	898	898
Support 1	883	889	889	883
Support 2	875	887	884	875
Support 3	860	885	875	860

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	HDFCBANK	10,70,128	694	3%	1%	8%	27%	15	39.3	0	74671
2	ICICIBANK	10,04,093	1398	3%	3%	4%	0%	16	39.3	0	50147
3	SBIN	8,95,384	970	0%	3%	10%	6%	11	39.3	0	80032
4	BAJFINANCE	5,86,515	942	2%	2%	8%	9%	28	39.3	0	17804
5	LICI	4,90,187	388	1%	1%	53%	55%	9	39.3	0	57419
6	KOTAKBANK	4,34,722	437	1%	8%	18%	80%	20	39.3	0	19288
7	AXISBANK	3,77,401	1212	2%	4%	4%	5%	15	39.3	0	24457
8	BAJAJFINSV	2,68,826	1678	0%	6%	6%	19%	13	39.3	5.52	19669
9	SHRIRAMFIN	2,11,986	901	0%	4%	8%	35%	21	39.3	0	10024
10	SBILIFE	1,64,850	1643	2%	2%	16%	10%	70	39.3	0	2470
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022
FIIs	(1.21) 6.19%	(0.31) 4.95%	(0.11) 4.65%	(0.41) 4.58%	(0.11) 4.22%	(0.01) 4.12%	(0.41) 4.08%	(0.21) 3.67%	(0.31) 3.45%	(1.11) 3.13%	(2.01) 2.06%	(-0.21) 0.07%	(-0.41) 0.22%	(-22.61) 0.58%	(0.01) 23.16%
DIIs	(-0.61) 1.91%	(0.11) 2.47%	(0.01) 2.41%	(-0.31) 2.40%	(0.01) 2.66%	(0.51) 2.67%	(-0.51) 2.22%	(0.01) 2.73%	(-0.51) 2.75%	(-0.71) 3.20%	(-1.21) 3.85%	(-0.21) 5.09%	(-0.21) 5.32%	(-0.11) 5.48%	(0.01) 5.61%
Public	91.91%	92.58%	92.94%	93.03%	93.12%	93.22%	93.69%	93.59%	93.79%	93.68%	94.11%	94.86%	94.46%	93.95%	71.24%
No. of Shareholders	117,065	119,203	124,440	125,220	127,154	123,233	120,897	116,186	113,643	105,095	101,724	106,297	96,007	82,844	90,020

Quarterly Results

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021
Sales	1550	1469	1413	1386	1342	1331	1337	1281	1254	1229	1209	1156	1070	1012	997	1002	986	959	950
Sales Growth % (YoY)	-	-	-	-	-	-	-	-	-	-	-	-	-	5.5%	4.9%	-	-	-	-
Sales Growth % (QoQ)	5.5%	4%	1.9%	3.3%	0.8%	-0.4%	4.4%	2.2%	2%	1.7%	4.6%	8%	5.7%	1.5%	-0.5%	1.6%	2.8%	0.9%	-
Expenses	443	375	373	407	382	355	423	417	388	327	347	340	364	323	298	344	422	418	308
Operating Profit	262	271	224	173	186	216	173	150	179	210	186	174	163	211	211	180	66	34	131
OPM %	17	18	16	12	14	16	13	12	14	17	15	15	15	21	21	18	7	4	14
Other Income	242	196	208	231	200	189	227	234	164	158	156	167	184	161	145	140	214	254	151
Interest	846	823	816	807	774	761	741	715	687	692	676	642	543	478	488	478	499	507	511
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	504	467	432	404	387	404	400	383	343	368	342	341	347	372	355	319	280	288	282
Tax %	26	27	27	25	25	26	24	25	26	23	20	23	27	25	26	27	19	30	32
Net Profit	374	342	318	305	292	300	303	287	253	284	274	261	253	280	262	234	227	203	191
Net Profit Growth % (QoQ)	9.4%	7.5%	4.3%	4.5%	-2.7%	-1%	5.6%	13.4%	-10.9%	3.6%	5%	3.2%	-9.6%	6.9%	12%	3.1%	11.8%	6.3%	-
Net Profit Growth % (YoY)	28.1%	14%	5%	6.3%	15.4%	5.6%	10.6%	10%	-	1.4%	4.6%	11.5%	11.5%	37.9%	37.2%	-	-	-	-
TTM Net Profit	1339	1257	1215	1200	1182	1143	1127	1098	1072	1072	1068	1056	1029	1003	926	855	621	394	0
EPS in Rs	23.6	21.57	20.05	19.25	18.43	18.96	19.15	18.14	15.98	17.95	17.27	16.5	15.98	17.66	16.56	16.43	15.93	14.24	13.38

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Sales	5819	5291	4848	4081	3834	3609	3466	3224	3250
Sales Growth %	10%	9.2%	18.8%	6.4%	6.2%	4.1%	7.5%	-0.8%	-
Expenses	1598	1490	1327	1276	1470	1355	1231	1350	1366
Operating Profit	930	811	824	818	346	183	89	-120	-157
OPM %	16	15	17	20	9	5	3	-4	-5
Other Income	877	850	645	629	812	644	526	414	506
Interest	3292	2990	2697	1987	2019	2072	2147	1994	2041
Depreciation	0	86	75	54	33	29	30	36	40
Profit before tax	1807	1575	1394	1394	1125	798	585	259	310
Tax %	26	25	23	26	27	24	30	0	28
Net Profit	1338	1183	1072	1029	822	603	408	259	222
Net Profit Growth %	13.1%	10.4%	4.2%	25.2%	36.3%	47.8%	57.5%	16.7%	-
EPS in Rs	84.47	74.68	67.7	65	57.67	42.34	28.61	18.14	15.57
Dividend Payout %	15	0	15	8	9	0	0	13	21

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2018
Cash from Operating Activity	-101	1899	-611	-1270	1325	-670	567	-389
Cash from Investing Activity	-118	-99	-100	-89	-107	-37	-20	-26
Cash from Financing Activity	26	-960	697	1088	-71	-324	269	472
Net Cash Flow	-193	840	-14	-270	1147	-1031	816	58

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Equity Capital	158	158	158	158	158	158	143	143	143	143	143
Reserves	9952	9285	8850	8272	7763	6770	5193	4437	3837	3476	3262
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	2777	2894	3252	3671	2815	2646	2559	1948	1604	1719	1522
Total Liabilities	75300	69042	66450	63343	61552	57866	52828	47499	42733	40473	37868
Fixed Assets	311	274	284	257	271	246	211	137	128	138	140
CWIP	0	0	0	0	0	0	0	0	0	0	0
Investments	15693	16540	15101	14971	15263	14156	13242	11703	9467	9107	10364
Other Assets	59296	52228	51065	48115	46019	43464	39374	35658	33137	31228	27364
Total Assets	75300	69042	66450	63343	61552	57866	52828	47499	42733	40473	37868

Delivery

Delivery Data: TMB

#	Date	824 16% 954	Value (Cr)	Q/T 16	Del 46	Del 16
1	22-Oct	841	9	12	49	5
2	21-Oct	850	8	8	55	4
3	19-Oct	868	8	10	44	4
4	16-Oct	857	9	8	54	5
5	15-Oct	855	8	6	53	4
6	14-Oct	864	8	7	48	4
7	13-Oct	874	12	11	58	7
8	12-Oct	878	11	9	42	5
9	9-Oct	875	11	10	46	5
10	8-Oct	855	13	8	54	7
11	7-Oct	877	13	12	45	6
12	6-Oct	879	12	9	45	5
13	5-Oct	886	38	11	31	12
14	1-Oct	872	18	10	45	8
15	30-Sep	871	10	7	50	5
16	29-Sep	864	15	9	41	6
17	28-Sep	862	14	11	50	7
18	25-Sep	882	10	11	51	5
19	24-Sep	894	15	12	40	6
20	23-Sep	921	22	15	49	11
21	22-Sep	884	12	9	46	6
22	21-Sep	886	9	9	52	4
23	18-Sep	896	22	15	61	13
24	17-Sep	891	8	7	48	4
25	16-Sep	904	23	13	51	12
26	15-Sep	868	18	9	51	9
27	11-Sep	911	8	15	60	5
28	10-Sep	924	5	11	43	2
29	9-Sep	922	6	12	51	3
30	8-Sep	927	6	10	51	3
31	7-Sep	936	14	11	45	6
32	4-Sep	932	12	17	47	6
33	3-Sep	942	28	17	36	10
34	2-Sep	907	11	13	44	5
35	1-Sep	908	12	13	42	5
36	31-Aug	933	72	27	41	30
37	28-Aug	886	7	11	46	3
38	27-Aug	894	11	12	44	5
39	26-Aug	898	19	19	46	9
40	25-Aug	871	6	12	52	3
41	24-Aug	875	11	10	56	6
42	21-Aug	879	24	13	35	9
43	20-Aug	870	17	13	51	9
44	19-Aug	839	14	20	50	7
45	18-Aug	847	6	14	59	4
46	17-Aug	844	8	15	57	5
47	14-Aug	849	8	15	52	4

Daily Market Cap

Date	Total Market Cap	Change	Chg %
22-Oct	13,317c	187c	1.38
21-Oct	13,504c	288c	2.09
19-Oct	13,792c	199c	1.46
17-Oct	13,594c	0	0
16-Oct	13,594c	71c	0.52
15-Oct	13,523c	283c	2.05
14-Oct	13,806c	97c	0.70
13-Oct	13,903c	16c	0.11
12-Oct	13,887c	146c	1.06
09-Oct	13,742c	274c	2.03
08-Oct	13,468c	449c	3.23
06-Oct	13,917c	275c	1.94
05-Oct	14,192c	228c	1.63
01-Oct	13,963c	477c	3.54
29-Sep	13,486c	153c	1.12
28-Sep	13,639c	424c	3.01
25-Sep	14,062c	292c	2.04
24-Sep	14,355c	341c	2.43
22-Sep	14,014c	251c	1.76
17-Sep	14,265c	337c	2.31
10-Sep	14,602c	0	0

Stock Checklist

Price is above from 52 week high low average: 78%

Stock is trading above all short term SMAs: NO

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 24 fund scheme(s) across 7 fund house(s) as of Oct26 · Total value ₹179 Cr · 4 increasing / 8 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
Groww Mutual Fund	8	0.99%	-0.48%	61.9
Motilal Oswal Mutual Fund	4	1.12%	+0.01%	55.5
WhiteOak Capital Mutual Fund	2	1.50%	+0.12%	55.1
Samco Mutual Fund	4	0.71%	-0.05%	6.4
Angel One Mutual Fund	2	0.05%	-	0.1
Mirae Asset Mutual Fund	2	0.04%	-	0
Bandhan Mutual Fund	2	0.04%	+0.01%	0

Tamilnad Mercantile Bank Limited

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Price Performance

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Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

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Cash Flows

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