NSE: TMB · BSE: 543596 · ISIN INE668A01016
Tamilnad Mercantile Bank Limited stock analysis
Tamilnad Mercantile Bank Limited ranks #1932 in the TickerSutra evidence-ranked universe with a score of 50/100 and 86% data confidence. The latest captured fundamentals show ROCE of 7.5%, quarterly sales growth of 19.9% and quarterly profit growth of 35.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.07×
- Institutional ownership is rising
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹3,834cr | ₹346cr | ₹822cr | 9.0% |
| 2023 | ₹4,081cr | ₹818cr | ₹1,029cr | 20.0% |
| 2024 | ₹4,848cr | ₹824cr | ₹1,072cr | 17.0% |
| 2025 | ₹5,291cr | ₹811cr | ₹1,183cr | 15.0% |
| 2026 | ₹5,819cr | ₹1,022cr | ₹1,338cr | 18.0% |
| TTM | ₹6,096cr | ₹1,076cr | ₹1,444cr | 18.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Tamilnad Mercantile Bank Limited has informed the Exchange regarding "Opening of New Branches"
RoutineCommencement or postponement (Sub-para 1-Para B)NSE · 29 Sept 2026 · Structured filingTAMILNAD MERCANTILE BANK LIMITED has informed the Exchange about Commencement or postponement (Sub-para 1-Para B)
TAMILNAD MERCANTILE BANK LIMITED has informed the Exchange about Commencement or postponement (Sub-para 1-Para B)
Open original XBRL sourceTamilnad Mercantile Bank Limited has informed the Exchange regarding "Opening of New Branches"
RoutineTamilnad Mercantile Bank Ltd - 543596 - Closure of Trading WindowNSE · 22 Sept 2026Tamilnad Mercantile Bank Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineAnalyst/Investor Meet Para A-XBRLNSE · 9 Sept 2026 · Structured filingTAMILNAD MERCANTILE BANK LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
TAMILNAD MERCANTILE BANK LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
Sectorally, agriculture remains a stabilizing force despite slower growth of 2.4%, supported by allied activities like livestock and fisheries. However, margin pressures may increase due to higher fertilizer and energy costs. The industrial sector has demonstrated strong momentum, with manufacturing growth remaining robust, though rising input costs and supply chain disruptions are beginning to compress margins.
People: Investing in Institutional Capability Your Bank has inducted 1,043 new employees during the year across carefully targeted profiles. This includes 48 technology professionals sourced from leading global firms, 200 Business Development Executives with proven CASA and term deposit expertise, 85 Senior Customer Service Executives deployed outside Tamil Nadu to anchor the geographic expansion, 20 high- performing
Total business, like I said , 18% is what we mentioned for the year. I think another 2% is something that we are confident of delivering. Net interest margin, 3.90%, I think we should be very well past the 4% mark for the year.
Cost -to-income ratio, as I just said, now stands below 40% and I've also put some kind of information on the CD ratio, on the solvency ratios, leverage ratio stands at 12.5%. If you recall, the regulatory m inimum requirement is just 3.5%. So, we are at 12.5%, more than 3 times that.
The other related details of Directors and Key Managerial Personnel are available in the Corporate Governance report, which forms part of this report. Employee Stock Option Plan The Board of Directors of the Bank in their meeting held on January 17, 2025, had approved the Tamilnad Mercantile Bank Limited (TMB) Employee Stock Option Plan 2024 (“TMB ESOP 2024”) and the same was approved by the shareholders of the Bank
The facility of participation at the Annual General Meeting through VC/OAVM will be made available for at least 1000 members on first come first served basis. This restriction will not include large Shareholders (Shareholders holding 2% or more shareholding), Institutional Investors, Directors, Key Managerial Personnel, Auditors, the Chairpersons of the Audit Committee of the Board, Nomination & Remuneration Committe
See, what the gold loan, the extraordinary growth that the industry witnessed, not just TMB. Industry witnessed was because of the price increases in the gold loan prices. Once the gold loan prices stabilize.
To improve the level of customer satisfaction for all categories of clientele at all times. To address the formulation of comprehensive deposit policy (since formulated by the bank) the product approval process, the annual survey of depositor satisfaction & audit of such services. Place all the awards / decree before the customer service committee to enable them to address issues of systemic deficiencies existing in
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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