TMB
Tamilnad Mercantile Bank Limited (TMB) Stock Analysis
Tamilnad Mercantile Bank Limited is a regional private-sector bank headquartered in Thoothukudi serving south India. It offers retail, agriculture, MSME, and corporate banking through branches and digital channels. The bank has a strong presence in Tamil Nadu with conservative lending traditions. It is listed on the NSE and BSE.
Financial Services › Banks - Regional
₹857.30
-2.00% 1W | +96.80% 52W
Market Cap
13.6k CR
P/E Ratio
9.4
52W High
₹954.2
52W Low
₹427.5
Div. Yield
1.46%
Beta
0.4
50 DMA
₹885.4
200 DMA
₹738.3
Profit Margin
41.2%
Inst. Own.
4.1%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,156 | 1,209 | 1,229 | 1,254 | 1,281 | 1,337 | 1,331 | 1,342 | 1,386 | 1,413 | 1,469 | 1,550 | 1,662 |
| Interest | 642 | 676 | 692 | 687 | 715 | 741 | 761 | 774 | 807 | 816 | 823 | 846 | 897 |
| Expenses | 340 | 347 | 327 | 388 | 417 | 423 | 355 | 382 | 407 | 373 | 375 | 443 | 446 |
| Financing Profit | 174 | 186 | 210 | 179 | 150 | 173 | 216 | 186 | 173 | 224 | 271 | 262 | 319 |
| Financing Margin % | 15% | 15% | 17% | 14% | 12% | 13% | 16% | 14% | 12% | 16% | 18% | 17% | 19% |
| Other Income | 167 | 156 | 158 | 164 | 234 | 227 | 189 | 200 | 231 | 208 | 196 | 242 | 238 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 341 | 342 | 368 | 343 | 383 | 400 | 404 | 387 | 404 | 432 | 467 | 504 | 557 |
| Tax % | 23% | 20% | 23% | 26% | 25% | 24% | 26% | 25% | 25% | 27% | 27% | 26% | 26% |
| Net Profit | 261 | 274 | 284 | 253 | 287 | 303 | 300 | 292 | 305 | 318 | 342 | 374 | 412 |
| EPS in Rs | 16.50 | 17.27 | 17.95 | 15.98 | 18.14 | 19.15 | 18.96 | 18.43 | 19.25 | 20.05 | 21.57 | 23.60 | 25.99 |
| Gross NPA % | 1.56% | 1.70% | 1.69% | 1.44% | 1.44% | 1.37% | 1.32% | 1.25% | 1.22% | 1.01% | 0.91% | 0.73% | 0.69% |
| Net NPA % | 0.66% | 0.99% | 0.98% | 0.85% | 0.65% | 0.46% | 0.41% | 0.36% | 0.33% | 0.26% | 0.20% | 0.18% | 0.17% |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,250 | 3,224 | 3,466 | 3,609 | 3,834 | 4,081 | 4,848 | 5,291 | 5,819 | 6,096 |
| Interest | 2,041 | 1,994 | 2,147 | 2,072 | 2,019 | 1,987 | 2,697 | 2,990 | 3,292 | 3,383 |
| Expenses | 1,366 | 1,350 | 1,231 | 1,355 | 1,470 | 1,276 | 1,327 | 1,490 | 1,505 | 1,637 |
| Financing Profit | -157 | -120 | 89 | 183 | 346 | 818 | 824 | 811 | 1,022 | 1,076 |
| Financing Margin % | -5% | -4% | 3% | 5% | 9% | 20% | 17% | 15% | 18% | 18% |
| Other Income | 506 | 414 | 526 | 644 | 812 | 629 | 645 | 850 | 877 | 884 |
| Depreciation | 40 | 36 | 30 | 29 | 33 | 54 | 75 | 86 | 93 | 0 |
| Profit before tax | 310 | 259 | 585 | 798 | 1,125 | 1,394 | 1,394 | 1,575 | 1,807 | 1,960 |
| Tax % | 28% | 0% | 30% | 24% | 27% | 26% | 23% | 25% | 26% | |
| Net Profit | 222 | 259 | 408 | 603 | 822 | 1,029 | 1,072 | 1,183 | 1,338 | 1,444 |
| EPS in Rs | 15.57 | 18.14 | 28.61 | 42.34 | 57.67 | 65.00 | 67.70 | 74.68 | 84.47 | 91.21 |
| Dividend Payout % | 21% | 13% | 0% | 0% | 9% | 8% | 15% | 15% | 15% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 13.0% | 10.0% | – |
| Profit CAGR | 9.0% | 17.0% | – |
Shareholding Pattern
FIIs4.58%
DIIs2.40%
Public93.03%
FIIs4.65%
DIIs2.41%
Public92.94%
FIIs4.95%
DIIs2.47%
Public92.58%
FIIs6.19%
DIIs1.91%
Public91.91%
FIIs6.73%
DIIs1.96%
Public91.32%
FIIs0.22%
DIIs5.32%
Public94.46%
FIIs3.45%
DIIs2.75%
Public93.79%
FIIs4.22%
DIIs2.66%
Public93.12%
FIIs6.19%
DIIs1.91%
Public91.91%
FIIs6.73%
DIIs1.96%
Public91.32%
TMB
Holdings Analysis
Key strengths & risk signals
72
Overall
65
Fundamental
79
Technical
Risks (3)
TOO MUCH PUBLIC HOLDING! 94.86% public ownership - higher volatility risk.
RECOVERY MODE! Current price (854.9) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -0.1% (1 week), -1.6% (1 month), 7.2% (3 months).
Strengths (4)
EXCELLENT EFFICIENCY! 41.2% profit margin - company keeps strong profits.
BULLISH TREND! 50-day average (885.4) is above 200-day average (738.3) - positive signal.
EXCELLENT YEAR! Stock gained 101.5% in the last year.
BULLISH SENTIMENT! In last 30 days: 12 up days, 18 down days. Avg volume on up days: 200,862 vs down days: 124,395. Ratio: 1.61x
Fundamental & Technical Analysis
72Overall
65Fundamental
79Technical
Fundamental Breakdown
Growth Quality
16/30
Revenue CAGR: 7.7% (MODERATE, 8/15). Profit CAGR: 9.1% (MODERATE, 8/15).
Profit Margin
10/10
EXCELLENT EFFICIENCY! 41.2% profit margin - company keeps strong profits.
PEG Valuation
9/10
FAIRLY VALUED! PEG of 1.03 indicates reasonable valuation.
Dividend Yield
5/10
LOW DIVIDEND! 1.46% yield - minimal income contribution.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.06 - excellent financial health.
Public Holding
5/20
TOO MUCH PUBLIC HOLDING! 94.86% public ownership - higher volatility risk.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (885.4) is above 200-day average (738.3) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (857.3) above 200-day but below 50-day.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
EXCELLENT YEAR! Stock gained 96.8% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 193,348 vs down days: 124,447. Ratio: 1.55x
RSI
3/5
NEUTRAL! RSI at 43.6 - balanced momentum.
52W Range
5/5
STRONG! Trading at 81.6% of 52W range - near yearly highs.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -2.0% (1 week), -5.2% (1 month), 7.5% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
TMB
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-07-30 | Concall PDF | |
| Q3FY262026-02-07 | Concall PDF | |
| Q2FY262025-11-01 | Concall PDF |
Peer Comparison
Financial Services · Banks - Regional · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TMB | ₹857.30 | 9.4 | 41.2% | 7.7% | 9.1% | +96.8% | 72 | BREAKDOWN | +35.0% | +10.1% | +23.8% | +6.0% |
| SOUTHBANK | ₹51.50 | 8.5 | 29.9% | 9.5% | 23.4% | +57.7% | 79 | APPROACHING RESISTANCE | +17.2% | -7.3% | -3.4% | +7.9% |
| KTKBANK | ₹329.90 | 8.7 | 41.5% | 2.7% | 3.6% | +95.0% | 65 | APPROACHING SUPPORT | +43.3% | +2.7% | +16.1% | +4.2% |
| J&KBANK | ₹134.30 | 6.4 | 34.2% | 8.2% | 26.0% | +32.6% | 78 | BOUNCE FROM SUPPORT | -11.5% | -46.3% | -0.1% | -2.0% |
| UJJIVANSFB | ₹63.20 | 13.8 | 19.6% | 14.3% | -14.3% | +31.7% | 66 | BREAKOUT | +206.7% | +12.2% | +30.6% | +3.1% |
| PSB | ₹21.30 | 10.9 | 28.5% | 13.2% | 0.2% | -28.6% | 59 | BREAKDOWN | +23.1% | -21.4% | +0.1% | -2.2% |
| EQUITASBNK | ₹70.40 | 15.8 | 10.9% | 12.1% | -43.6% | +23.7% | 54 | APPROACHING RESISTANCE | -182.0% | -13.7% | +19.2% | +3.3% |
| DCBBANK | ₹209.80 | 8.6 | 25.3% | 15.9% | 16.3% | +63.4% | 78 | APPROACHING SUPPORT | +35.5% | +3.7% | +7.8% | +1.6% |
Data from TradeAlone · Updated daily
TMB News
Tamilnad Mercantile Bank Limited (TMB) Q1 FY27: Strong Yoy Growth Across Key Metrics2026-07-27Tamilnad Mercantile Bank Limited (NSE: TMB) clears resistance, moves up 10% intraday2026-07-27Tamilnad Mercantile Bank Limited (NSE: TMB) clears resistance, gains 8% intraday2026-07-27Tamilnad Mercantile Bank Limited (TMB) gains 5% intraday2026-07-03Transforming With Purpose at Tamilnad Mercantile Bank Limited2026-05-08Transforming With Purpose Tamilnad Mercantile Bank Limited Delivers Growth2026-05-08
