T N Merc. Bank

Market Cap: Mid Cap
Industry: Bank - Private
ISIN: INE668A01016
NSEID: TMB
BSEID: 543596

INR

420.75

4.35 (1.04%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 27.86 k

Results Declared: T N Merc. Bank has declared results on 23 Apr 2025! Click here to unlock the latest financial performance

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

27.86 k (-37.90%) Volume

Shareholding (Sep 2024)

FII

4.08%

Held by 92 FIIs

DII

2.66%

Held by 6 DIIs

Promoter

0.00%

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Flat results in Dec 24

NON-OPERATING INCOME(Q) is 46.71 % of Profit Before Tax (PBT)

Stock is technically in a Bearish range

Despite the size of the company, domestic mutual funds hold only 0% of the company

Underperformed the market in the last 1 year

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Bank - Private

Market cap

INR 6,663 Cr (Mid Cap)

Dividend Yield

0.00%

CAR

27.88%

Return on Assets

1.90%

Net NPA

0.41%

Gross NPA

1.32%

Revenue and Profits (1 Year):

Int. Earned:

1,331.02 Cr

(Quarterly Results - Dec 2024)

Net Profit:

300 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

6 Months

-6.91%

1 Year

-15.29%

2 Years

4.59%

1.19%

5.78%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Latest dividend: 5 per share ex-dividend date: Aug-29-2023

Risk Adjusted Returns v/s Sensex

Returns Beta

Beta has not been calculated since enough price history is not available

Key Factors

Quality key factors

Factor

Value

Net Interest Income Growth (5y)

7.12%

Net Profit Growth (5y)

6.78%

Advance to Deposit

78.54%

Capital Adequacy Ratio (Tier 1)

23.26%

Gross NPA (latest)

1.32%

Gross NPA (avg)

1.95%

Coverage Ratio (avg)

55.41%

Cost to Income (avg)

43.88%

Net Interest Margin (avg)

3.94%

Operating Profit to Assets (avg)

5.00%

ROA (avg)

1.83%

Valuation key factors

Factor

Value

P/E Ratio

Price to Book Value

0.78

PEG Ratio

0.86

Dividend Yield

ROE (Latest)

13.57%

ROA (Latest)

1.90%

Net NPA to Book Value

2.11

Tecnicals key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Mildly Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

Mildly Bullish

Mildly Bearish

OBV

Mildly Bullish

Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2024

Shareholding Compare (%holding)

Majority shareholders

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 3 Schemes (0.0%)

FIIs

Held by 92 FIIs (4.08%)

Promoter with highest holding

None

Highest Public shareholder

Bucket 1 (court Cases) (8.87%)

Individual Investors Holdings

59.59%

Financial

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        "suffix": " Growth in half year ended Sep 2024 is 10.72% vs 18.32% in Sep 2023",
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        "Sep'24",
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          "val2": "1,115.23",
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Quarterly Results Snapshot (Standalone) - Dec'24 - QoQ

Dec'24

Sep'24

Change(%)

Interest Earned

1331.02

1337.41

-0.48%

Operating Profit (PBDIT)

407.70

465.20

-12.36%

% of Net NPAs

0.41%

0.46%

-0.05%

% of Gross NPAs

1.32%

1.37%

-0.05%

Exceptional Items

0.00

Net Profit

300.24

303.18

-0.97%

Values in Rs Cr.

Compare with Peers

Interest Earned

QoQ Growth in quarter ended Dec 2024 is -0.48% vs 4.39% in Sep 2024

Net Profit

QoQ Growth in quarter ended Dec 2024 is -0.97% vs 5.53% in Sep 2024

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'24

Sep'24

Sep'23

Change(%)

Interest Earned

2618.56

2365.05

10.72%

Operating Profit (PBDIT)

934.04

745.03

25.37%

% of Net NPAs

0.46%

0.99%

-0.53%

% of Gross NPAs

1.37%

1.70%

-0.33%

Exceptional Items

0.00

Net Profit

590.47

534.74

10.42%

Values in Rs Cr.

Compare with Peers

Interest Earned

Growth in half year ended Sep 2024 is 10.72% vs 18.32% in Sep 2023

Net Profit

Growth in half year ended Sep 2024 is 10.42% vs 7.70% in Sep 2023

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'24

Dec'24

Dec'23

Change(%)

Interest Earned

3949.58

3594.2

9.89%

Operating Profit (PBDIT)

1,341.74

1,115.23

20.31%

% of Net NPAs

0.41%

0.98%

-0.57%

% of Gross NPAs

1.32%

1.69%

-0.37%

Exceptional Items

0.00

Net Profit

890.71

818.97

8.76%

Values in Rs Cr.

Compare with Peers

Interest Earned

YoY Growth in nine months ended Dec 2024 is 9.89% vs 19.37% in Dec 2023

Net Profit

YoY Growth in nine months ended Dec 2024 is 8.76% vs 5.51% in Dec 2023

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'24

Mar'24

Mar'23

Change(%)

Interest Earned

4847.91

4081.04

18.79%

Operating Profit (PBDIT)

1,481.78

1,572.84

-5.79%

% of Net NPAs

0.85%

0.62%

0.23%

% of Gross NPAs

1.44%

1.39%

0.05%

Exceptional Items

0.00

Net Profit

1,072.03

1,029.26

4.16%

Values in Rs Cr.

Compare with Peers

Interest Earned

YoY Growth in year ended Mar 2024 is 18.79% vs 6.45% in Mar 2023

Net Profit

YoY Growth in year ended Mar 2024 is 4.16% vs 33.26% in Mar 2023

All Annual Results

Company CV

About Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Ltd

Mid Cap

Bank - Private

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.

Company Coordinates

No Company Details Available