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Tamilnad Mercantile Bank Ltd share Price Today

Company details

488.00
495.90
401.15
611.35
6M Return -11.26%
1Y Return 22.67%
Mkt Cap.(Cr) 7,763.95
Volume 41,619
Div Yield 1.02%
OI
-
OI Chg %
-
Volume 41,619

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Tamilnad Mercantile Bank announced Q1FY24 results:

  • Net worth has increased to Rs 7,190 crore from Rs 5,427 crore YoY
  • The Bank’s deposits have increased to Rs 47,008 crore (PY same period Rs 43,233 crore)
  • The advance level of the Bank has increased to Rs 37,292 crore with a growth rate of 10.26%
  • Book value of the share has increased to Rs 454 from Rs 381 YoY
  • Net profit has surged to Rs 261 crore from Rs 234 crore YoY
  • Interest Income has improved to Rs 1,156 crore from Rs 1,002 crore YoY
  • Non Interest Income has moved to Rs 167 crore from Rs 140 crore YoY
  • The RAM segment has increased to 90% from 88% YoY
  • GNPA has declined to 1.56% from 1.69% YoY
  • NNPA has dropped to 0.66% from 0.93% YoY
  • The Bank has been giving continued thrust on advances to Priority Sectors like Agriculture, MSME, Education, Housing etc. constituting 75% of its ANBC, above the regulatory requirement of 40%.
  • The Advances to Priority sector has increased to Rs 27,805 crore (PY Rs 24,839 crore) with a growth rate of 12%.
  • The Bank’s Advances to Agriculture sector stood at Rs 12,231 crore. The Advances to Agriculture Sector constitute 32.80% of total advances, above the regulatory requirement of 18%.
  • Credit to MSME sector has increased to Rs 13,311 crore (PY Rs 12,588 crore)

 

 

Result PDF

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Tamilnad Mercantile Bank Ltd shares SWOT Analysis

Strengths (8)

  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Low Piotroski Score : Companies with weak financials

Opportunity (3)

  • Decrease in NPA in recent results
  • Decrease in Provision in recent results
  • Stock with Low PE (PE < = 10)

Threats (0)

Data not found

Resistance and support

R1 494.8
R2 499.3
R3 502.7
Pivot

491.40

S1 486.9
S2 483.5
S3 479.0
EMA SMA
485.5
486.6
493.3
495.1
477.9
484.2
496.3
502.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BNP PARIBAS ARBITRAGE Bulk Purchase 2023-09-15 534.4 487 NSE
BNP PARIBAS ARBITRAGE Bulk Sell 2023-09-15 543.46 1071919 NSE
Name Category Shares
Bucket 1 (Court Cases) PUBLIC 8.87%
Meenakshi R PUBLIC 1.2%
Senthil G M PUBLIC 1.1%
Chandramogan Rg PUBLIC 1%
Overseas Corporate Bodies PUBLIC 22.43%
Robert And Ardis James Company Limited PUBLIC 4.45%
Starship Equity Holdings Ltd PUBLIC 4.25%
Subcontinental Equities Limited PUBLIC 4.18%
East River Holdings Limited PUBLIC 3.35%
Swiss Re Investors (Mauritius) Limited PUBLIC 3.2%
Fi Investments (Mauritius) Limited PUBLIC 1.71%
HUF PUBLIC 0.66%
Hibiscus Enterprises Llp PUBLIC 1.29%
C.S.Rajendran PUBLIC 1.34%
Asok Kumar P C G PUBLIC 1.05%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs PUBLIC 1.21%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Tamilnad Mercantile Bank Ltd Stocks COMPARISON

Financials( in Cr) Tamilnad Mercantile Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd
Price 490.30 1,518.95 1,104.40 766.30 1,813.05
% Change -1.14 -1.13 -0.45 -1.64 -0.71
Mcap Cr 7,763.95 1,153,932.80 774,717.38 683,893.02 360,371.25
Revenue TTM Cr 4,081.04 170,754.05 121,066.81 350,844.58 42,151.06
Net Profit TTM Cr 1,029.26 46,148.70 34,463.03 56,558.43 14,780.44
PE TTM 7.23 19.55 18.27 9.91 20.67
1 Year Return 22.67 -8.41 27.17 45.60 3.06
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 16.79 17.20 17.66 18.44 14.14
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 6,928.34 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,771.53 7,735.64
LAST 3M 82,392.14 52,275.07
LAST 6M 132,482.07 84,624.18
LAST 12M 206,189.80 211,987.34

Tamilnad Mercantile Bank Ltd Information

Stock PE (TTM)
7.23
Promoter Holding
0%
Book Value
484.2483
ROE
16.79%
Description
  • 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.. Subsequently, name of the Bank was changed to `Tamilnad Mercantile Bank Limited`, with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. Presently, the Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. On November 11, 1921, the Bank commenced business at Thoothukudi, in Tamil Nadu. In 1933, it acquired its first property at Beach Road, Thoothukudi, in Tamil Nadu. On May 11, 1935, it was included in the second schedule to the Reserve Bank of India Act, 1934. It was granted the licence to carry on banking business in India by RBI on November 20, 1962. It opened a a rural branch at Vilathikulam, Tamil Nadu in 1968. In 1993, it was registered as Category-1 Merchant Bankers with SEBI and opened first currency chest at Madurai Branch. The Bank was granted licence to deal in foreign exchange in 1999. It launched first ATM, christened as TMB Surabhi, in Chennai in 2004. In 2005, it launched first insurance linked deposit scheme, christened as Siranjeevee Recurring Deposit. It launched SMS banking services and internet banking facilities, christened as TMB E-Connect in 2008. It launched mobile banking facilities in 2012. It signed an agreement for the issuance of PAN cards in 2014. As of June 30, 2021, the Bank had 509 branches, of which 106 branches were in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It built a strong presence in the state of Tamil Nadu, with 369 branches and 941 automated teller machines (ATMs) and 238 cash recycler machines (CRMs). The Bank offer a wide range of banking and financial services primarily to micro, small and medium enterprises (MSME), agricultural and retail customers, operating in manufacturing, trading and services sector. During 2021-22, the Bank had 509 branches, of which 106 branches were in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It introduced 9 new ATMs, 22 new CRMs. The Bank`s ATM and alternate delivery channel network stood at 1141 ATMs, and 282 CRMs. The Bank had issued by way of Initial Public Offering (IPO). 1,58,40,000 Equity Shares of Rs 10/- each at a premium of Rs 500/- each on 12.09.2022 and as a result of allotment of shares, the Bank`s shares got listed in both the exchanges i.e., BSE & NSE effective on 15.09.2022. During the year 2022-23, the Bank added 21 new branches and the branch network of the bank increased to 530 branches. In addition to that, the Bank added 50 new ATMs / CRMs and 12 new e-lobbies. The Bank`s ATM and alternate delivery channel network stood at 1,149 ATMs, 324 CRMs, 113 e-lobbies, covering 17 States and 4 Union Territories.

Registered Address

57 Victoria Extension Road, , Thoothukudi, Tamil Nadu, 628002

Tel : 91-461-2325136
Email : secretarial:tmbank.in
Website : http://www.tmb.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543596
NSE Code : TMB
Book Closure Date (Month) : Aug/Sep
BSE Group : A
ISIN : INE668A01016

FAQ’s on Tamilnad Mercantile Bank Ltd Shares

You can buy Tamilnad Mercantile Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tamilnad Mercantile Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 12, 2024 03:50 PM the closing price of Tamilnad Mercantile Bank Ltd was ₹ 490.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 12, 2024 03:50 PM, the market cap of Tamilnad Mercantile Bank Ltd stood at ₹ 7,763.95.

The latest PE ratio of Tamilnad Mercantile Bank Ltd as of Apr 12, 2024 03:50 PM is 7.23

The latest PB ratio of Tamilnad Mercantile Bank Ltd as of Apr 12, 2024 03:50 PM is 0.99

The 52-week high of Tamilnad Mercantile Bank Ltd share price is ₹ 611.35 while the 52-week low is ₹ 401.15

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