Tamilnad Mercantile Bank Limited share price

Key numbers

Market cap

₹ 13,965 Cr

Current price

₹ 881.90

52-week high / low

₹ 954 / 420

Stock P/E

9.7

Book value

₹ 638.5

Dividend yield

1.42%

ROCE

50.2%

ROE

14.5%

Debt to equity

0.07

Sales growth (3 yrs)

7.7%

Profit growth (3 yrs)

9.1%

1-year return

105.0%

About Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, mutual fund, insurance, portfolio management, online bill payment, sovereign gold bond scheme, forex, e-tax payment, e-stamping, SMS alert, POS terminal, and Internet and mobile banking services. It also provides home, car, two wheeler, personal, LAP, pension, gold overdraft, education, jewel, traders and services, MSME, vyapari, GST, commercial vehicles, rice and dhall mill, Mahalir, doctor, genset, pharma and healthcare, green energy, smart business, and agricultural loans, as well as loans against sovereign gold bonds and secured overdraft facilities; NRI products; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited in November 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in…

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-07-30)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

• And what this means for the shareholders, ROE, I think the second quarter when we have crossed 15% this quarter, FY27 first quarter, it is at 15.93% Quarterly EPS is INR25.99 per share.
• And ROE, like I said earlier, is 15.93%, up 263 basis over quarter 1 of FY26.

Growth & demand

• The growth is, if I look at it, we have delivered first quarter 23% growth business growth, total business growth of 23%, which is way, way higher than the 8.82% 10-year CAGR that this bank has delivered in the past.
• CASA overall, it's 16.94%, I mentioned earlier, but quarter -on-quarter, because of cur rent account de growth of 8.75%, is down 2.95%.

Margins & costs

• The operating profit is at INR611 crores, up 48.22%.
• Net interest margin, the net interest margin is up 45 basis year- on-year, and it is now stands at 4.29% for the quarter.

Capex & expansion

• The mutual fund investment in TMB's holdings is at 0.577%.
• I think we have been looking at structural changes within the bank, investing in technology, releasing the productive infrastructure precisely to generate the kind o f growth.

Balance sheet & cash

• 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%.
• At least certainly in our book when we study the book and when we study the cash flows in the book and also our reaching out to our own customers, we are not seeing any kind of impact at all as of now.

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