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    Tamilnad Mercantile Bank Share PriceTamilnad Mercantile Bank

    Mid Cap 12.8k Result
    ₹519.1
    -10 (-1.89%)
    As on 29 November, 2023 | 17:31 BSE: 543596 NSE: TMBISIN: INE668A01016

    Tamilnad Mercantile Bank Performance

    Day Range

    • Low 517.2
    • High 536.3
    519.1

    52 Week Range

    • Low 399
    • High 611.35
    519.1
    • Open Price530
    • Previous Close529.1
    • Volume194045

    Start SIP in Tamilnad Mercantile Bank

    Start SIP

    Tamilnad Mercantile Bank Share Price

    • Over 1 Month -8.19%
    • Over 3 Month -3.06%
    • Over 6 Month 26.07%
    • Over 1 Year 1.77%

    Tamilnad Mercantile Bank Key Statistics

    P/E Ratio 7.7
    PEG Ratio 0.5
    Market Cap Cr 8,220
    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 12% 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 %
    Invest in Tamilnad Mercantile Bank

    Tamilnad Mercantile Bank Technicals

    EMA & SMA

    Current Price
    ₹519.1
    -10 (-1.89%)
    pointer
    • Bullish Moving Average
    • ___
    • 6
    • Bearish Moving Average
    • ___
    • 10
    • 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 8,203
    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 ₹519 As on 29 November, 2023 | 17:17

    What is the Market Cap of Tamilnad Mercantile Bank ?

    The Market Cap of Tamilnad Mercantile Bank is ₹8220 Cr As on 29 November, 2023 | 17:17

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

    The P/E ratio of Tamilnad Mercantile Bank is 7.7 As on 29 November, 2023 | 17:17

    What is the PB ratio of Tamilnad Mercantile Bank ?

    The PB ratio of Tamilnad Mercantile Bank is 1.2 As on 29 November, 2023 | 17:17

    Q2FY23

    More Information

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