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Tamilnad Mercantile Bank Ltd dividend

Tamilnad Mercantile Bank Ltd dividend

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₹ 0.2 Cr

Volume transacted

stocks purchased

5.1 K

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Last Updated time: 14 Jul 12:51 PM

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Tamilnad Mercantile Bank Ltd

NSE: TMB

DPS

5

Last updated : FY 2023

Key Highlights

    The Dividend per Share of Tamilnad Mercantile Bank Ltd is ₹ 5 as of 2023 .a1#The Dividend Payout of Tamilnad Mercantile Bank Ltd changed from 13.23 % on March 2019 to 7.69 % on March 2023 . This represents a CAGR of -10.28% over 5 years. a1#The Latest Trading Price of Tamilnad Mercantile Bank Ltd is ₹ 480.6 as of 12 Jul 15:30 .a1#The Market Cap of Tamilnad Mercantile Bank Ltd changed from ₹ 6466 crore on March 2019 to ₹ 6466 crore on March 2023 . This represents a CAGR of 0.00% over 1 years. a1#The Revenue of Tamilnad Mercantile Bank Ltd changed from ₹ 1141 crore to ₹ 1417 crore over 8 quarters. This represents a CAGR of 11.43% a1#The EBITDA of Tamilnad Mercantile Bank Ltd changed from ₹ 797.31 crore to ₹ 1029 crore over 8 quarters. This represents a CAGR of 13.64% a1#The Net Pr of Tamilnad Mercantile Bank Ltd changed from ₹ 234.21 crore to ₹ 253.06 crore over 8 quarters. This represents a CAGR of 3.95% a1#

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Company Fundamentals For Tamilnad Mercantile Bank Ltd

Market Cap

7,610 Cr

EPS

67.7

P/E Ratio (TTM) *

7.1

P/B Ratio (TTM) *

1.0

DTE *

NaN

ROE *

13.5

ROCE *

1.7

Dividend Yield *

1.22

DPS *

5

Dividend Payout *

7.69

Ann.Dividend % *

50

* All values are consolidated

Last Updated time: 14 Jul 12:51 PM

* All values are consolidated

Last Updated time: 14 Jul 12:51 PM

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Historical Dividend Payout of Tamilnad Mercantile Bank Ltd

Dividend payout refers to the total dividends paid to shareholders relative to the company's earnings. It is a financial measure that determines the percentage of earnings paid out to existing shareholders as dividends. How to calculate Dividend Payout Ratio? The dividend payout ratio formula is as follows: DPR = Dividends paid / Net earnings With the dividend payout ratio, you can understand the company's priorities. It is an important metric that allows you to easily check DPR online.

Historical Dividend Payout of Tamilnad Mercantile Bank Ltd

Period
Mar '1913
Mar '2013
Mar '210
Mar '229
Mar '238

* All values are a in %

Dividend per Share (DPS) Over Time

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DIVIDENDYIELD

Dividend Yield is a financial ratio that shows the annual dividend income relative to the market price of a share. It is calculated by dividing the dividend per share by the current market price per share, expressed as a percentage.

Dividend Yield Comparison With Top Peers

1M

1Y

3Y

5Y

* All values are in %

Net Profit Vs Dividend Per Share

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Tamilnad Mercantile Bank Ltd

NSE: TMB

PRICE

480.6

3.00 (0.63%)

stock direction

Last updated : 12 Jul 15:30

SWOT Analysis Of Tamilnad Mercantile Bank Ltd

Strength

1

S

Weakness

1

W

Opportunity

0

O

Threats

0

T

Overview of Dividend

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


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Historical Market Cap of Tamilnad Mercantile Bank Ltd

Market Cap or market capitalisation refers to metrics that are used to measure a company's size. It is defined as the total market value of a company's outstanding shares of stock. Formula of Market Cap: Market Capital = N * P Here, N for the outstanding shares P refers to the closing price of the company's shares. Types of Companies based on Market Cap: - Small-Cap stocks: Up to 500 Crore - Mid-Cap Stocks: From Rs.500 crore up to Rs.7,000 crore - Large-Cap Stocks: From Rs.7,000 crore up to Rs.20,000 crore

Historical Market Cap of Tamilnad Mercantile Bank Ltd

Period
Mar '190
Mar '200
Mar '210
Mar '220
Mar '236466

* All values are a in crore

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Historical Revenue of Tamilnad Mercantile Bank Ltd

Revenue term means the amount of money a company earns from its primary business activities such as the sales of its products & services. Types of Revenue: 1. Operating revenue: It refers to the income generated from the core business activities, which are sales of goods or services rendered. 2. Non-Operating revenue: It is the income generated from secondary sources unrelated to the primary business. Examples include rents, dividends, interest, and royalty fees. Formula for Revenue: The formula for calculating revenue is based on two goods & services: For goods: Revenue = Avg unit price x Number of Units sold For services: Revenue = Avg unit price x Number of Customers served.

Historical Revenue of Tamilnad Mercantile Bank Ltd

Period
Jun '221142
Sep '221141
Dec '221173
Mar '231254
Jun '231323
Sep '231365
Dec '231387
Mar '241418

* All values are a in crore

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Historical EBITDA of Tamilnad Mercantile Bank Ltd

PBIDT stands for Profit Before Interest, Depreciation, and Taxes. It is a financial metric that measures a company's profitability before accounting for interest expenses, depreciation of assets, and taxes. Formula to calculate PBIDT: PBIDT = Net Income + Interest + Depreciation + Taxes or PBIDT = Operating Income + Depreciation + Taxes PBIDT vs EBITDA vs EBIT vs EBT: Here is a brief explanation of the differences: - PBIDT (Profit Before Interest, Depreciation, and Taxes) includes taxes in its calculation, unlike EBITDA. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) excludes taxes and interest, focusing on operational performance. - EBIT (Earnings Before Interest and Taxes) excludes interest and taxes, providing a measure of core operational profitability. - EBT (Earnings Before Taxes) includes all operating income but does not account for interest expenses. Conclusion: PBIDT, similar to EBITDA, is a measure of operational profitability but includes taxes in its calculation.

Historical EBITDA of Tamilnad Mercantile Bank Ltd

Period
Jun '22797
Sep '22843
Dec '22850
Mar '23890
Jun '23983
Sep '231018
Dec '231060
Mar '241030

* All values are a in crore

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Historical Net Profit of Tamilnad Mercantile Bank Ltd

Net profit is the amount of money a company retains after accounting for all expenses, depreciation, interest, taxes, and other deductions. Net Profit formula is expressed as: Net Profit = Total Revenue - Total Expense Net Profit Margin Ratio: Net Profit Margin Ratio = Net Profit / Total Revenue

Historical Net Profit of Tamilnad Mercantile Bank Ltd

Period
Jun '22234
Sep '22262
Dec '22280
Mar '23253
Jun '23261
Sep '23274
Dec '23284
Mar '24253

* All values are a in crore

About Tamilnad Mercantile Bank Ltd

About Tamilnad Mercantile Bank Ltd

    Tamilnad Mercantile Bank Limited was incorporated in the name of Nadar Bank Limited' on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah.. Subsequently, name of the Bank was changed to Tamilnad Mercantile Bank Limited', with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. Presently, the Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. On November 11, 1921, the Bank commenced business at Thoothukudi, in Tamil Nadu. In 1933, it acquired its first property at Beach Road, Thoothukudi, in Tamil Nadu. On May 11, 1935, it was included in the second schedule to the Reserve Bank of India Act, 1934. It was granted the licence to carry on banking business in India by RBI on November 20, 1962. It opened a a rural branch at Vilathikulam, Tamil Nadu in 1968. In 1993, it was registered as Category-1 Merchant Bankers with SEBI and opened first currency chest at Madurai Branch. The Bank was granted licence to deal in foreign exchange in 1999. It launched first ATM, christened as TMB Surabhi, in Chennai in 2004. In 2005, it launched first insurance linked deposit scheme, christened as Siranjeevee Recurring Deposit. It launched SMS banking services and internet banking facilities, christened as TMB E-Connect in 2008. It launched mobile banking facilities in 2012. It signed an agreement for the issuance of PAN cards in 2014. As of June 30, 2021, the Bank had 509 branches, of which 106 branches were in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It built a strong presence in the state of Tamil Nadu, with 369 branches and 941 automated teller machines (ATMs) and 238 cash recycler machines (CRMs). The Bank offer a wide range of banking and financial services primarily to micro, small and medium enterprises (MSME), agricultural and retail customers, operating in manufacturing, trading and services sector. During 2021-22, the Bank had 509 branches, of which 106 branches were in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It introduced 9 new ATMs, 22 new CRMs. The Bank's ATM and alternate delivery channel network stood at 1141 ATMs, and 282 CRMs. The Bank had issued by way of Initial Public Offering (IPO). 1,58,40,000 Equity Shares of Rs 10/- each at a premium of Rs 500/- each on 12.09.2022 and as a result of allotment of shares, the Bank's shares got listed in both the exchanges i.e., BSE & NSE effective on 15.09.2022. During the year 2022-23, the Bank added 21 new branches and the branch network of the bank increased to 530 branches. In addition to that, the Bank added 50 new ATMs / CRMs and 12 new e-lobbies. The Bank's ATM and alternate delivery channel network stood at 1,149 ATMs, 324 CRMs, 113 e-lobbies, covering 17 States and 4 Union Territories.

Tamilnad Mercantile Bank Ltd News Hub

News

Tamilnad Mercantile Bank opens new branch at Thiruchitrambalam, Tamil Nadu

Tamilnad Mercantile Bank has opened a new branch at 3/46, Main Road, ACC Selvam Complex,Pa...

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28 Jun 202412:20

News

Tamilnad Mercantile Bank announces cessation of MD & CEO

The Board of Tamilnad Mercantile Bank at its meeting held on 07 June 2024 has accepted the...

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08 Jun 202413:03

News

Board of Tamilnad Mercantile Bank recommends final dividend

Tamilnad Mercantile Bank announced that the Board of Directors of the Company at its meeti...

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22 Apr 202416:38

News

Tamilnad Mercantile Bank to announce Quarterly Result

Tamilnad Mercantile Bank will hold a meeting of the Board of Directors of the Company on 2...

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16 Apr 202410:21

News

Tamilnad Mercantile Bank director resigns

Tamilnad Mercantile Bank announced the resignation of S.Ravindran (DIN: 09778966), Non-Exe...

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09 Mar 202411:55

News

Tamilnad Mercantile Bank director resigns

Tamilnad Mercantile Bank announced that P.C.G. Asok Kumar (DIN: 05142860), Non-Executive D...

Read more

01 Feb 202410:06

FAQs for dividends of Tamilnad Mercantile Bank Ltd

What is the current market price of Tamilnad Mercantile Bank Ltd Ltd as of July 14, 2024?

The current market price of Tamilnad Mercantile Bank Ltd Ltd stands at 480.6 per share.

What dividend did Tamilnad Mercantile Bank Ltd declare in the last fiscal year?

In the last fiscal year, Tamilnad Mercantile Bank Ltd declared a dividend totaling ₹10.0.

What is the most recent dividend declared by Tamilnad Mercantile Bank Ltd?

Tamilnad Mercantile Bank Ltd recently declared a dividend of 0.0 in the latest quarter

How many times has Tamilnad Mercantile Bank Ltd declared dividends in the current fiscal year

Tamilnad Mercantile Bank Ltd has declared dividends 4 times totaling ₹0 in the current fiscal year (FY2023-2024).

How many times did Tamilnad Mercantile Bank Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2022-2023), Tamilnad Mercantile Bank Ltd declared dividends 4 times totaling ₹0.
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