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Tamilnad Mercantile Bank (TMB) had a P/E of 8.3× on 6 Nov 2026, and the shares are 13% below their 52-week high. Net profit grew 9.1% a year over 3 years, with ROE of 16%. ROCE and debt-to-equity are not meaningful for banks and lenders; it trades at 1.22× book value and its dividend yield is 1.5%. It is a small-cap company with a market cap of ₹13,102 Cr, ranked 29th of 41 Banks (Regional) companies by market cap; the shares rose 66% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹819.00
Day high
₹832.00
Day low
₹807.05
Prev. close
₹822.55
Volume
1.3 L

Health check

4 good · 1 fair · 1 to check
  • ReturnsAhead

    +66.1% over a year, better than 7 of 7 peers.

  • Price tagCheaper

    P/B 1.22 vs peer median 1.78.

  • GrowthSlow

    Profit +9.1% a year over 3 years.

  • ProfitabilityAverage

    ROE 15.6% vs peer median 14.7%.

  • Balance sheetSolid

    Return on assets 2.04%. Bad-loan data isn’t covered.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Banks - Regional

40 listed peers. Screen the industry

Small cap

₹13,102 Cr, #29 of 41 in its industry by size.

Defensive

Beta 0.43 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹3,724 Cr · profit ₹1,578 Cr
Market cap
₹13,102 Cr
Small cap
P/E
8.3
Industry 9.2
Price to book
1.22
Peers 1.78
Dividend yield
1.51%
ROE
15.6%
Peers 14.7%
ROCE
n/m
Not meaningful for lenders
Debt to equity
n/m
Not meaningful for lenders
EPS (TTM)
₹99.65
Face value ₹10
OPM (TTM)
60.5%
Net margin 42.4%
Sales growth
n/m
Not meaningful for lenders
Profit growth
+42.1%
Latest quarter vs a year ago
Price to sales
3.52

Strengths and risks

Strengths

  • Quarterly profit up 42.1% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, mutual fund, insurance, portfolio management, online bill payment, sovereign gold bond scheme,…

Headquarters
Thoothukudi
Employees
4,786
Sector
Financial Services
ISIN
INE668A01016
Website
tmb.bank.in

Price range

52 weeks

₹491.50₹954.20

Today

₹807.05₹832.00
Avg volume (3M)
1.7 L
1-year return
plus 66.1%
From 52-week high
minus 13.3%

Peers · Banks - Regional

Bank and NBFC columns

Compare with peersScreen the whole industry
Company
HDFCBANKHDFC Bank788.25plus 3.72%12,16,45117.22.0011.0%1.7%12.5%1.65%minus 22.9%
ICICIBANKICICI Bank1,571.20plus 4.75%11,28,25519.32.8916.5%2.1%16.8%0.76%plus 12.2%
SBINState Bank of India1,018.50plus 1.20%9,40,13810.41.4014.7%1.2%14.4%1.70%plus 5.1%
KOTAKBANKKotak Mahindra Bank480.00plus 2.78%4,77,49822.22.4511.8%2.1%8.9%0.14%plus 11.4%
AXISBANKAxis Bank1,322.90plus 3.35%4,11,98513.81.7813.9%1.6%34.6%0.08%plus 4.4%
PNBPunjab National Bank126.55plus 0.36%1,45,4436.40.9015.1%1.1%76.4%2.37%plus 2.3%
UNIONBANKUnion Bank of India187.00minus 0.53%1,42,7486.51.0016.3%1.4%31.7%2.67%plus 24.1%
TMBTamilnad Mercantile Bank827.40plus 0.59%13,1028.31.2215.6%2.0%9.1%1.51%plus 66.1%
Median of 7 peers–2.78%4,77,49813.81.7814.7%1.6%16.8%1.65%5.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
8118429461,0031,039
8078238468971,013
404467504557608
24.5%26.8%25.8%26.1%25.8%
305342374412451
19.2521.5723.6025.9928.49

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Profit CAGR 3Y
+9.1%
EPS CAGR 3Y
+7.5%
ROE
15.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,7232,7963,1513,404
–+2.7%+12.7%+8.0%
1,9872,6972,9903,292
53.975.286.292.6
0.150.20.50.4
1,0291,3941,5751,807
35.4%23.1%24.9%26.0%
1,0291,0721,1831,338
–+4.2%+10.3%+13.1%
68.0667.7074.6884.47

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
158158158158
6,7707,7638,8509,952
525500500700
50,44253,13256,94164,489
57,89561,55266,45075,300
246271284311
14,15615,26315,10115,693
3,5823,5684,4084,215
39,91242,45146,65655,081
57,89561,55266,45075,300

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1,270−6111,899−101
−88.6−100−99.2−118
1,088697−96025.8
−270−13.9840−193
−89.6−101−105−128
−1,359−7111,794−229
−222−79.2−158−174

Shareholding pattern

Source: NSE filings
0.0%
promoters
  • Public100.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 20260.00%100.00%0.00
30 Jun 20260.00%100.00%0.00
31 Mar 20260.00%100.00%0.00
31 Dec 20250.00%100.00%0.00
30 Sep 20250.00%100.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you