āagman

Not investment advice. Data and computed figures, for information only.

Tamilnad Mercantile Bank Ltd

NSE: TMB
₹854.90
−₹8.90 (−1.03%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹13,853 Cr
CMP
₹854.90
52-wk High / Low
₹954 / 420
P/E
9.6
P/B
1.3
Book Value
₹667.0
Div Yield
1.43%
ROCE
7.5%
ROE
14.0%
Face Value
₹10
D/E
6.17

Price+96.6% over 1Y

āagman read

Computed by āagman
Derived from 9 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
Graham Number
₹1,126
√(22.5 × EPS × book value per share)
Cash flow to profit
−0.08
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Sustainable growth
12.1%
ROE × earnings retention ratio
ROE stability
0.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Cash-accrual divergence
2.0%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+PE of 9.6x is below the sector median of 20.4x
Watch-outs
−Latest ROCE of 7.5% trails the sector median of 9.4%
−Piotroski F-Score of 2/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1561,2091,2291,2541,2811,3371,3311,3421,3861,4131,4691,5501,662
Expenses340347327388417423355382407373375443446
Operating Profit—————————————
OPM %—————————————
Other Income167156158164234227189200231208196242238
Interest642676692687715741761774807816823846897
Depreciation0000000000000
Profit before tax341342368343383400404387404432467504557
Net Profit261274284253287303300292305318342374412
EPS (₹)16.5017.2717.9515.9818.1419.1518.9618.4319.2520.0521.5723.6025.99

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 9 years + TTM
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,2503,2243,4663,6093,8344,0814,8485,2915,8196,096
Expenses1,3661,3501,2311,3551,4701,2761,3271,4901,5051,637
Operating Profit——————————
OPM %——————————
Other Income506414526644812629645850877884
Interest2,0411,9942,1472,0722,0191,9872,6972,9903,2923,383
Depreciation4036302933547586930
Profit before tax3102595857981,1251,3941,3941,5751,8071,960
Net Profit2222594086038221,0291,0721,1831,3381,444
EPS (₹)15.5718.1428.6142.3457.6765.0067.7074.6884.4791.21

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital143143143143143158158158158—
Reserves3,2623,4763,8374,4375,1936,7707,7638,8509,952—
Other Liabilities1,5221,7191,6041,9482,5592,6462,8153,2522,777—
Total Liabilities37,86840,47342,73347,49952,82857,86661,55266,45075,300—
Fixed Assets140138128137211246271284311—
CWIP000000000—
Investments10,3649,1079,46711,70313,24214,15615,26315,10115,693—
Other Assets27,36431,22833,13735,65839,37443,46446,01951,06559,296—
Total Assets37,86840,47342,73347,49952,82857,86661,55266,45075,300—
Deposits32,42835,13636,82540,97044,93347,76649,51553,68961,712—
Borrowing5130324005251,301500700—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−3890567−6701,325−1,270−6111,899−101
Cash from Investing Activity−260−20−37−107−89−100−99−118
Cash from Financing Activity4720269−324−711,088697−96026
Net Cash Flow580816−1,0311,147−270−14840−193

Ratios

As of 31 Mar 2026
9 periods
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %————————7.5
ROE %7.07.011.014.017.017.014.014.014.0
EPS (₹)15.5718.1428.6142.3457.6765.0067.7074.6884.47
Book Value (₹)————————667.0
Face Value (₹)————————10
P/E————————9.6
Div Yield %————————1.43
NPM %5.97.110.214.217.721.819.519.320.0
OPM %—————————
D/E9.679.719.338.958.426.976.426.026.17
P/B————————1.3

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+10.0%
3 years+13.0%
TTM+13.0%
Compounded profit growth
5 years+17.0%
3 years+9.0%
TTM+20.0%
Stock price CAGR
3 years+17.0%
Last year+101.0%
Return on equity
5 years15.0%
3 years14.0%
Last year14.0%

Shareholding pattern

Documents

As of 11 Oct 2026
Announcements
Announcement Under Regulation 30 (LODR)- Opening Of New BranchAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBoard Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Bank For The Quarter Ended September 30, 2026.Announcement Under Regulation 30 (LODR) - Revision In Repo Linked Lending Rate (RLLR) Of The BankCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2023
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingApr 2026PPTFeb 2026TranscriptFeb 2026PPT

Corporate actions

As of 12 Jun 2026
12 Jun 2026DIVIDENDDividend - Rs 12.50 Per Share—
1 Aug 2025DIVIDENDDividend - Rs 11 Per Share—
20 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 10 Per Share—
29 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
24 Feb 2023DIVIDENDInterim Dividend - Rs 5 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman