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Tamilnad Mercantile Bank Ltd Fundamentals

Market Cap
₹ 7379.97 Cr
P/E Ratio (TTM)
6.88
P/B Ratio
0.93
Debt to Equity
0.00
ROE
16.79
EPS (TTM)
67.70
Dividend Yield
2.15 %
Book Value
500.23

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Tamilnad Mercantile Bank Ltd Financials

Tamilnad Mercantile Bank Ltd Financials

Tamilnad Mercantile Bank Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Retail 59.56 % 57.58 % 58.07 % 58.71 %
Others 36.84 % 39.20 % 39.76 % 41.13 %
FII 3.45 % 3.14 % 2.06 % 0.07 %
Mutual Funds 0.15 % 0.08 % 0.11 % 0.09 %
Promoters 0.00 % 0.00 % 0.00 % 0.00 %

Retail

59.56%

Others

36.84%

FII

3.45%

Mutual Funds

0.15%

Promoters

0.00%

Retail

57.58%

Others

39.20%

FII

3.14%

Mutual Funds

0.08%

Promoters

0.00%

Retail

58.07%

Others

39.76%

FII

2.06%

Mutual Funds

0.11%

Promoters

0.00%

Retail

58.71%

Others

41.13%

FII

0.07%

Mutual Funds

0.09%

Promoters

0.00%

Resistance and Support

₹469.60

PIVOT

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Resistance
First Resistance₹473.150
Second Resistance₹476.300
Third Resistance₹479.850
support-arrow
Support
First Support₹466.450
Second Support₹462.900
Third Support₹459.750

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day23,66064,44382.43
Week78,18235,371307.02
1 Month78,18241,678307.02
6 Months13,079,5267,560,41858.61

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.

Managing Director

1921

Founded

S Krishnan

NSE Symbol

TMB

Tamilnad Mercantile Bank Ltd Management

NameDesignation
BALAKRISHNAN PRABAHARANChairman & Independent Directo
S KrishnanManaging Director & CEO
Niranjan Sankar AnnamalaiNon Executive Director
P C G Asok KumarNon Executive Director
Ashok Shanmugam RajendranNon Executive Director
Dhanushkodi N Nirranjan KaniNon Executive Director
Chiranjeevi Raj C.Independent Non Exe. Director
Shivavel Ezhil JothiIndependent Non Exe. Director
Balasubramanian VijayaduraiIndependent Non Exe. Director
Nagarajan KandavelIndependent Non Exe. Director
B S keshava MurthyDirector
Babu Suresh Kumar S.Nominee (RBI)
C S Ram KumarNominee (RBI)
Prakash Chandra PandaCompany Secretary
S RavindranPart Time Chairman

Tamilnad Mercantile Bank Ltd News

Tamilnad Mercantile Bank reports standalone net profit of Rs 253.06 crore in the March 2024 quarter
Total Operating Income rise 17.16% to Rs 1253.71 crore
Board of Tamilnad Mercantile Bank recommends final dividend
Of Rs 10 per share
Tamilnad Mercantile Bank to announce Quarterly Result
On 22 April 2024
Tamilnad Mercantile Bank director resigns
With effect from 31 March 2024
Tamilnad Mercantile Bank director resigns
With effect from 31 January 2024
Tamilnad Mercantile Bank standalone net profit rises 1.62% in the December 2023 quarter
Total Operating Income rise 21.44% to Rs 1229.15 crore
Tamilnad Mercantile Bank to convene board meeting
On 22 January 2024
Tamilnad Mercantile Bank opens two new branches
On 29 December 2023
Tamilnad Mercantile Bank set to open two new branches in Tamil Nadu
Tamilnad Mercantile Bank to table results
On 27 October 2023

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Tamilnad Mercantile Bank Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Tamilnad Mercantile Bank Ltd shares in BlinkX

Tamilnad Mercantile Bank Ltd's P/E ratio is 6.88 times as of May 18, 2024 at 12:14 PM.

Tamilnad Mercantile Bank Ltd's most recent financial reports indicate a price-to-book ratio of 0.93, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Tamilnad Mercantile Bank Ltd's market is 7,380 Cr as on May 18, 2024 at 12:14 PM.

The current financial records of Tamilnad Mercantile Bank Ltd show a 16.79% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Tamilnad Mercantile Bank Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

As of the Mar 2024 quarter, the promoter shareholding in Tamilnad Mercantile Bank Ltd stands at 0.00%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 3.14% to 3.45%.