- Next results date: the board meets on 26 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹12,678 Cr543rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 27 Jul 2026
- 8.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 Apr 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.56%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 27 Jul 2026
- 15.1%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026.
- 3.85%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Jun 2026.
- 0.69%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Jun 2026.
- 0.17%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Jun 2026.
- 31.30%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026.
- 1.89%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,98,51549.5% delivered
Results
Standalone; ₹ crore, the charts by years to March, the table by quarter. Total income is interest earned plus other income, fees and treasury gains among it.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 27 Jul
- Total incomeTotal income. The pill is the change in total income against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,901 Crup 6.06%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹412 Crup 10.13%
Total income by year
Peak total income ₹6,696 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 29 Oct | Dec 2024Filed 29 Jan | Mar 2025Filed 23 Apr | Jun 2025Filed 25 Jul | Sep 2025Filed 27 Oct | Dec 2025Filed 4 Feb | Mar 2026Filed 27 Apr | Jun 2026Filed 27 Jul |
|---|---|---|---|---|---|---|---|---|
| Total income | 1,565 | 1,520 | 1,542 | 1,617 | 1,621 | 1,665 | 1,792 | 1,901 |
| Net profit | 303 | 300 | 292 | 305 | 318 | 342 | 374 | 412 |
Standalone. The last eight quarters. The latest is shaded.
Business segments
Share of revenue, year to Mar 2026, standalone.Segment revenue and profit
- Retail BankingRetail Banking, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹4,834 Crup 12.27%72.2%
- TreasuryTreasury, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,281 Crup 1.95%19.1%
- Corporate / Wholesale BankingCorporate / Wholesale Banking, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹582 Crup 0.34%8.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Not shown, EV/EBITDA: not used for a lender or an insurer.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 87% of 744 trading days over the last 3 years.
LowestHighest
Its median6.9Industry median13.0
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 89% of 986 trading days since Nov 2022.
LowestHighest
Its median1.0Industry median1.1
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 44% of 997 trading days since Sep 2022.
LowestHighest
Its median1.68%Industry median0.75%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +43.2% | +13.1% | +24.7% | 2.2% |
| 3 years | +14.7% | +9.1% | +3.0% | 2.3% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
14 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 8 of the 11 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings
- AddedAdded. Funds that held more shares than at the end of the month before.
- 4
- CutCut. Funds that held fewer shares than at the end of the month before.
- 7
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 3
| Fund | |||
|---|---|---|---|
 Motilal Oswal Nifty Microcap 250 Index FundMotilal Oswal Mutual Fund | 3,17,937 | 1.15% | ₹27.7 Cr |
 WhiteOak Capital Special Opportunities FundWhiteOak Capital Mutual Fund | 3,16,360 | 1.41% | ₹27.6 Cr |
 Groww Small Cap FundGroww Mutual Fund | 2,08,379 | 1.88% | ₹18.2 Cr |
| Groww Multicap FundGroww Mutual Fund | 1,16,674 | 0.60% | ₹10.2 Cr |
| Groww Banking & Financial Services FundGroww Mutual Fund | 27,789 | 2.27% | ₹2.42 Cr |
 Samco Small Cap FundSamco Mutual Fund | 26,665 | 0.86% | ₹2.32 Cr |
 DSP BSE MidSmall Private Banks ETFDSP Mutual Fund | 21,079 | 2.25% | ₹1.84 Cr |
| Samco Multi Cap FundSamco Mutual Fund | 13,645 | 0.54% | ₹1.19 Cr |
| Groww Nifty Total Market Index FundGroww Mutual Fund | 2,078 | 0.05% | ₹0.18 Cr |
 Angel One Nifty Total Market Index FundAngel One Mutual Fund | 346 | 0.05% | ₹0.03 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Private Sector Bank, 20 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Tamilnad Mercantile Bank in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Karur Vysya BankKARURVYSYA | 32,511 | 11.0 | 2.1 | +13.6% | +40.6% | 21.0% | 1.96% | 4.19% | 0.77% |
 Bandhan BankBANDHANBNK | 24,149 | 17.8 | 0.9 | −2.2% | −34.1% | 5.4% | 0.61% | 5.94% | 1.00% |
 City Union BankCUB | 21,997 | 15.7 | 2.1 | +18.4% | +20.4% | 14.0% | 1.52% | 3.57% | 0.90% |
 The South Indian BankSOUTHBANK | 13,771 | 8.7 | 1.1 | +4.7% | +16.8% | 14.0% | 1.09% | 2.80% | 0.86% |
 The Jammu & Kashmir BankJ&KBANK | 12,453 | 5.3 | 0.7 | +6.4% | +13.0% | 14.5% | 1.32% | 3.78% | 0.00% |
 The Karnataka BankKTKBANK | 11,372 | 7.9 | 0.9 | +0.9% | +23.4% | 11.4% | 1.05% | 2.96% | 1.66% |
 DCB BankDCBBANK | 6,434 | 8.2 | 1.0 | +9.8% | +22.8% | 12.9% | 0.89% | 3.22% | 0.73% |
 CSB BankCSBBANK | 5,409 | 8.1 | 1.1 | +21.9% | +10.9% | 14.2% | 1.20% | 3.61% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹12.50 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 12 Jun 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹12.50 |
| 1 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹11.00 |
| 20 Sep 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹10.00 |
| 29 Aug 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 24 Feb 2023 | Interim | ₹5.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
9 Oct · General Updates
9 Oct · Analysts
7 Oct · General Updates
5 Oct · Rating
1 Oct · Management
Tamilnad Mercantile Bank share price by year
Each calendar year to 2025.Tamilnad Mercantile Bank share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 513.80 | +13.7% | 536.15 | 406.90 |
| 2024 | 451.90 | −10.4% | 511.55 | 424.55 |
| 2023 | 504.45 | +5.4% | 597.15 | 399.70 |
| 2022 | 478.60 | – | 528.75 | 465.45 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 15 Sep 2022.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 843.00 | 843.00 | 793.90 | 800.65 | 805.21 | 1,98,515 | 49.5% |
| 22 Oct 2026 | 854.05 | 854.05 | 832.05 | 841.25 | 839.13 | 1,12,210 | 48.6% |
| 21 Oct 2026 | 868.35 | 875.00 | 845.10 | 849.80 | 855.00 | 92,381 | 55.5% |
| 19 Oct 2026 | 857.30 | 876.75 | 850.20 | 868.35 | 869.66 | 95,047 | 44.0% |
| 16 Oct 2026 | 860.00 | 866.25 | 849.40 | 857.30 | 855.40 | 1,03,175 | 54.4% |
| 15 Oct 2026 | 864.95 | 872.00 | 850.50 | 854.90 | 855.12 | 94,436 | 53.1% |
| 14 Oct 2026 | 877.00 | 877.85 | 860.00 | 863.80 | 868.14 | 96,265 | 47.6% |
| 13 Oct 2026 | 880.00 | 886.95 | 868.05 | 874.30 | 874.78 | 1,35,992 | 58.2% |
| 12 Oct 2026 | 866.85 | 885.00 | 863.45 | 878.20 | 876.85 | 1,27,561 | 42.2% |
| 9 Oct 2026 | 855.50 | 879.20 | 852.50 | 874.80 | 867.83 | 1,30,870 | 46.1% |
Prices in ₹ per share as traded, not adjusted.
Company details
- Legal name
- Tamilnad Mercantile Bank Limited
- NSE symbol
- TMB
- BSE code
- 543596
- ISIN
- INE668A01016
- Industry
- Banks
- Listed
- Sep 2022
- Face value
- ₹10
- CIN
- L65110TN1921PLC001908
- Corporate identity number, the registrar of companies' code for it