TMB

Tamilnad Mercantile Bank Share PriceTamilnad Mercantile Bank

₹529.1
16.05 (3.13%)
As on 29 November, 2023 | 08:13 BSE: 543596 NSE: TMBISIN: INE668A01016

Tamilnad Mercantile Bank Performance

Day Range

  • Low 513.05
  • High 531.75
529.1

52 Week Range

  • Low 399
  • High 611.35
529.1
  • Open Price513.05
  • Previous Close513.05
  • Volume145017

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Tamilnad Mercantile Bank Share Price

  • Over 1 Month -6.42%
  • Over 3 Month -1.2%
  • Over 6 Month 28.5%
  • Over 1 Year 3.73%

Tamilnad Mercantile Bank Key Statistics

P/E Ratio 7.8
PEG Ratio 0.5
Market Cap Cr 8,378
Price to Book Ratio 1.2
EPS 65
Dividend 1.9
Relative Strength Index 47.56
Money Flow Index 33.61
MACD Signal -8.68
Average True Range 13.93

Tamilnad Mercantile Bank Investment Rating

  • Master Rating:
  • Tamilnad Mercantile Bank has an operating revenue of Rs. 5,115.00 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 33% is great, ROE of 14% is good. The stock from a technical standpoint is trading below to its 50DMA and around 9% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 81 which is a GOOD score indicating consistency in earnings, a RS Rating of 37 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 154 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Tamilnad Mercantile Bank Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,2091,1561,0701,0129971,002986
Operating Expenses Qtr Cr 324301307290264289276
Operating Profit Qtr Cr 365380404405389374426
Depreciation Qtr Cr 0000000
Interest Qtr Cr 676642543478488478499
Tax Qtr Cr 68809492938553
Net Profit Qtr Cr 274261253280262234227
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 4,7104,656
Operating Expenses Annual Cr 1,1501,111
Operating Profit Annual in Cr 1,5731,527
Depreciation Cr 5433
Interest Annual Cr 1,9872,019
Tax Annual Cr 502303
Net Profit Annual Cr 1,029822
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr -1,2701,325
Cash from Investing Activity Annual Cr -89-107
Cash from Financing Annual Activity Cr 1,088-71
Net Cash Flow Annual Cr -2701,147
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 6,9285,336
Fixed Assets Annual Cr 246211
Total Non Current Assets Annual Cr 00
Total Current Assets Annual Cr 43,49439,612
Total Assets Annual Cr 57,89552,858
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 438374
ROE Annual % 1515
ROCE Annual % 67
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 00
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr
Operating Expenses Qtr Cr
Operating Profit Qtr Cr
Depreciation Qtr Cr
Interest Qtr Cr
Tax Qtr Cr
Net Profit Qtr Cr
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr
Operating Expenses Annual Cr
Operating Profit Annual in Cr
Depreciation Cr
Interest Annual Cr
Tax Annual Cr
Net Profit Annual Cr
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr
Cash from Investing Activity Annual Cr
Cash from Financing Annual Activity Cr
Net Cash Flow Annual Cr
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr
Fixed Assets Annual Cr
Total Non Current Assets Annual Cr
Total Current Assets Annual Cr
Total Assets Annual Cr
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs
ROE Annual %
ROCE Annual %
Total Debt to Total Equity Annual --
EBDIT Annual Margin %

Tamilnad Mercantile Bank Technicals

EMA & SMA

Current Price
₹529.1
16.05 (3.13%)
pointer
  • Bullish Moving Average
  • ___
  • 11
  • Bearish Moving Average
  • ___
  • 5
  • 20 Day
  • ₹529.18
  • 50 Day
  • ₹534.06
  • 100 Day
  • ₹517.92
  • 200 Day
  • ₹500.67
  • 20 Day
  • ₹527.91
  • 50 Day
  • ₹545.89
  • 100 Day
  • ₹515.48
  • 200 Day
  • ₹470.75

Tamilnad Mercantile Bank Resistance and Support

PIVOT
₹524.64
Resistance
First Resistance ₹536.22
Second Resistance ₹543.34
Third Resistance ₹554.92
RSI 47.56
MFI 33.61
MACD Single Line -8.68
MACD -8.9
Support
First Resistance ₹517.52
Second Resistance ₹505.94
Third Resistance ₹498.82

Tamilnad Mercantile Bank Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 157,339 7,709,611 49
Week 101,947 5,170,765 50.72
1 Month 109,546 5,469,653 49.93
6 Month 283,842 12,852,387 45.28

Tamilnad Mercantile Bank Result Highlights

Tamilnad Mercantile Bank Synopsis

NSE-Banks-Money Center

Tamilnad Mercantile is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 4081.04 Cr. and Equity Capital is Rs. 158.35 Cr. for the Year ended 31/03/2023. Tamilnad Mercantile Bank Ltd. is a Public Limited Listed company incorporated on 11/05/1921 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65110TN1921PLC001908 and registration number is 001908.
Market Cap 8,378
Sales 5,115
Shares in Float 15.84
No of funds 44
Yield 1.89
Book Value 1.21
U/D Vol ratio 0.7
LTDebt / Equity 8
Alpha 0.04
Beta 0.48

Tamilnad Mercantile Bank

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters
Mutual Funds 0.11%0.09%0.01%
Insurance Companies 3.62%4.35%4.59%4.69%
Foreign Portfolio Investors 2.06%0.07%0.22%0.58%
Individual Investors 58.07%58.72%58.18%57.71%
Others 36.14%36.77%37%37.02%

Tamilnad Mercantile Bank Management

Name Designation
Mr. Krishnan Sankarasubramaniam Managing Director & CEO
Mr. A Niranjan Sankar Non Executive Director
Mr. S R Ashok Non Executive Director
Mr. P C G Asok Kumar Non Executive Director
Mr. D N Nirranjan Kani Non Executive Director
Mr. C Chiranjeevi Raj Independent Director
Mrs. S Ezhil Jothi Independent Director
Mr. Balakrishnan Prabaharan Independent Director
Mr. K Nagarajan Independent Director
Mr. B Vijayadurai Independent Director
Mr. B S Keshava Murthy Independent Director
Mr. S Babu Suresh Kumar Nominee Director
Mr. C S Ram Kumar Nominee Director

Tamilnad Mercantile Bank Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Tamilnad Mercantile Bank Corporate Action

Date Purpose Remarks
2023-10-27 Quarterly Results
2023-07-24 Quarterly Results
2023-04-24 Audited Results & Final Dividend
2023-02-14 Interim Dividend
2023-01-23 Quarterly Results
Date Purpose Remarks
2023-08-29 FINAL Rs.5.00 per share(50%)Final Dividend
2023-02-24 INTERIM Rs.5.00 per share(50%)Interim Dividend

Tamilnad Mercantile Bank MF Shareholding

Name Amount(cr)
Nippon India Nifty Smallcap 250 Index Fund Reg Gr 719
Motilal Oswal Nifty 500 Fund Regular Growth 548
Motilal Oswal Nifty Microcap 250 Index Fund Regular Growth 461
Motilal Oswal Nifty Smallcap 250 Index Fund Regular Growth 453
SBI Nifty Smallcap 250 Index Fund Regular Growth 332

Tamilnad Mercantile Bank FAQs

What is Share Price of Tamilnad Mercantile Bank ?

Tamilnad Mercantile Bank share price is ₹529 As on 29 November, 2023 | 07:59

What is the Market Cap of Tamilnad Mercantile Bank ?

The Market Cap of Tamilnad Mercantile Bank is ₹8378.4 Cr As on 29 November, 2023 | 07:59

What is the P/E ratio of Tamilnad Mercantile Bank ?

The P/E ratio of Tamilnad Mercantile Bank is 7.8 As on 29 November, 2023 | 07:59

What is the PB ratio of Tamilnad Mercantile Bank ?

The PB ratio of Tamilnad Mercantile Bank is 1.2 As on 29 November, 2023 | 07:59

Q2FY23