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Bearish
6
Neutral
3
Bullish
5
Bearish
7
Neutral
3
Bullish
36
Bearish
1
Neutral
0
Bullish
31
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Tamilnad Mercantile Bank Ltd is primarily engaged in providing banking and financial services, offering a range of retail, corporate banking, and para-banking activities. It serves a significant portion of MSME, agricultural, and retail sectors.
In Q3 FY 2026, the bank reported strong financial performance, with total business growing by 14.28% YoY, supported by a 16.30% rise in advances and a 12.53% increase in deposits.
The bank is actively pursuing a strategy of branch network expansion, having opened 36 new branches within 10 months and emphasizing digital banking enhancements to boost service efficiency and customer engagement.
Tamilnad Mercantile Bank Ltd maintains a strong asset quality, evident from its low GNPA of 0.91% and NNPA of 0.20%. It is achieving above-industry benchmarks in operational efficiency, with a cost to income ratio at 44.40%, significantly reduced year-on-year.
The bank is focusing on modernization and technology, implementing numerous IT initiatives, including Oracle Fusion and improved digital banking platforms, aiming to transform its operational framework.
Banks
Private Sector Bank
12,151 Cr
High Risk
9.1
12.8
0.7
1.2
789.95
418.65
Sales CAGR
Profit CAGR
ROE
ROCE
Tamilnad Mercantile Bank Ltd (TMB) is currently trading at 771.95 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Tamilnad Mercantile Bank Ltd is primarily engaged in providing banking and financial services, offering a range of retail, corporate banking, and para-banking activities. It serves a significant portion of MSME, agricultural, and retail sectors. In Q3 FY 2026, the bank reported strong financial performance, with total business growing by 14.28% YoY, supported by a 16.30% rise in advances and a 12.53% increase in deposits. The bank is actively pursuing a strategy of branch network expansion, having opened 36 new branches within 10 months and emphasizing digital banking enhancements to boost service efficiency and customer engagement. Tamilnad Mercantile Bank Ltd maintains a strong asset quality, evident from its low GNPA of 0.91% and NNPA of 0.20%. It is achieving above-industry benchmarks in operational efficiency, with a cost to income ratio at 44.40%, significantly reduced year-on-year. The bank is focusing on modernization and technology, implementing numerous IT initiatives, including Oracle Fusion and improved digital banking platforms, aiming to transform its operational framework.
Over the past 52 weeks, Tamilnad Mercantile Bank Ltd has traded between a low of ₹418.65 and a high of ₹789.95. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Tamilnad Mercantile Bank Ltd has a market capitalization of approximately 12,151.10. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Tamilnad Mercantile Bank Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 9.08 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 12,151.10 Cr, Tamilnad Mercantile Bank Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Tamilnad Mercantile Bank Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Tamilnad Mercantile Bank Ltd is 9.08. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
TMB reported net profit of ₹373.65 crore in the last quarter of FY2025-26, up 28% from ₹291.90 crore in the year-ago quarter.
TMB conducted its Q3FY26 earnings conference call on February 04, 2026.
The minimum contract value has been increased to Rs 15 lakh at the time of introduction, with a mandate to keep it within the range of Rs 15 lakh to Rs 20 lakh.
Credit Rating Reaffirmation
CRISIL Ratings on June 10, 2026 reaffirmed TMB’s Fixed Deposits at Crisil A+/Stable (Rs.15,000 Cr), Short‑term Fixed Deposits at Crisil A1+ (Rs.25,000 Cr) and Certificate of Deposits at Crisil A1+ (Rs.1,000 Cr).
Credit Rating Reaffirmation
CRISIL Ratings Ltd on June 10, 2026 reaffirmed Tamilnad Mercantile Bank’s ratings: Fixed Deposits Rs15,000 Cr at CRISIL A+/Stable; Short‑term FDs Rs25,000 Cr and CDs Rs1,000 Cr at CRISIL A1+.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
257.50 | 19,135 Cr | 14.43 | 1.81 | 0.78 | 12.55 | 5.89 | 1.56 | ||
152.50 | 16,843 Cr | 7.14 | 1.10 | 0.00 | 14.35 | 5.41 | 1.25 | ||
767.20 | 12,151 Cr | 9.08 | 1.20 | 1.63 | 13.23 | 6.77 | 1.93 | ||
45.33 | 11,866 Cr | 8.15 | 1.04 | 0.99 | 12.75 | 5.90 | 1.03 | ||
265.00 | 10,022 Cr | 7.65 | 0.79 | 1.89 | 9.91 | 5.77 | 1.01 | ||
353.00 | 6,145 Cr | 9.70 | 1.30 | 0.00 | 12.94 | 6.30 | 1.26 | ||
174.25 | 5,615 Cr | 7.68 | 0.90 | 0.83 | 11.19 | 6.73 | 0.91 | ||
| Median: 7 Co. | — | 257.50 | 11,866 Cr | 8.15 | 1.10 | 0.83 | 12.75 | 5.90 | 1.25 |
