TMB

Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank Limited (TMB) financial statements and selected valuation metrics through 30 June 2026.

Financial Services›Financial Services›Banks›Private Sector Bank

tmb.bank.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹857.30
Market cap
13,574 Cr
Stock P/E
9.4
P/B
1.34
Dividend yield
1.3%
ROE (FY26)
13.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

TMB (Tamilnad Mercantile Bank) is a private-sector bank that takes deposits and lends to retail, agriculture and small business (MSME) customers across India, with gold loans as a large part of its lending.

Company snapshot

15thBy market cap

Ranked among 20 companies in Private Sector Bank.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 70.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Corporate / Wholesale Banking
9.8%
149 Cr41 Cr7,148 Cr
Other Banking Operations—0 Cr0 Cr0 Cr
Retail Banking
70.0%
1,064 Cr297 Cr40,870 Cr
Treasury
20.2%
307 Cr66 Cr14,982 Cr

What we see

Positives
  • ✓Net margin of 20.0% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Operating cash flow is negative even though the company shows a profit — the business may not be generating real cash yet.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Net Interest Income533 Cr537 Cr567 Cr567 Cr596 Cr570 Cr568 Cr580 Cr597 Cr646 Cr704 Cr765 Cr
Other income156 Cr158 Cr164 Cr234 Cr227 Cr189 Cr200 Cr231 Cr208 Cr196 Cr242 Cr238 Cr
Net operating income689 Cr695 Cr731 Cr800 Cr824 Cr759 Cr768 Cr811 Cr805 Cr842 Cr946 Cr1,003 Cr
Employee cost168 Cr167 Cr189 Cr179 Cr191 Cr178 Cr178 Cr223 Cr176 Cr175 Cr221 Cr209 Cr
Other expenses156 Cr158 Cr175 Cr152 Cr167 Cr173 Cr187 Cr176 Cr177 Cr199 Cr203 Cr183 Cr
Provisions & contingencies23 Cr2 Cr24 Cr85 Cr65 Cr3 Cr17 Cr8 Cr20 Cr1 Cr19 Cr54 Cr
Depreciation————————————
Profit before tax342 Cr368 Cr343 Cr383 Cr400 Cr404 Cr387 Cr404 Cr432 Cr467 Cr504 Cr557 Cr
Tax %20.0%22.7%26.2%25.1%24.3%25.8%24.5%24.5%26.6%26.8%25.8%26.1%
Net profit274 Cr284 Cr253 Cr287 Cr303 Cr300 Cr292 Cr305 Cr318 Cr342 Cr374 Cr412 Cr
EPS (₹)₹17.27₹17.95₹15.98₹18.14₹19.15₹18.96₹18.44₹19.25₹20.05₹21.57₹23.60₹25.99

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Net Interest Income1,320 Cr1,538 Cr1,815 Cr2,094 Cr2,151 Cr2,301 Cr2,527 CrSign in free for the trailing twelve months
Other income526 Cr644 Cr823 Cr629 Cr645 Cr850 Cr877 CrSign in free for the trailing twelve months
Net operating income1,846 Cr2,182 Cr2,638 Cr2,723 Cr2,796 Cr3,151 Cr3,404 CrSign in free for the trailing twelve months
Employee cost———619 Cr686 Cr726 Cr794 CrSign in free for the trailing twelve months
Other expenses———532 Cr628 Cr679 Cr755 CrSign in free for the trailing twelve months
Provisions & contingencies———179 Cr88 Cr171 Cr49 CrSign in free for the trailing twelve months
Depreciation———————Sign in free for the trailing twelve months
Profit before tax———1,394 Cr1,394 Cr1,575 Cr1,807 CrSign in free for the trailing twelve months
Tax %———26.1%23.1%24.9%26.0%Sign in free for the trailing twelve months
Net profit408 Cr603 Cr822 Cr1,029 Cr1,072 Cr1,183 Cr1,338 CrSign in free for the trailing twelve months
EPS (₹)₹28.61₹42.34₹57.67₹68.06₹67.70₹74.68₹84.47Sign in free for the trailing twelve months
Dividend payout %———21.5%7.4%13.4%13.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital143 Cr143 Cr143 Cr158 Cr158 Cr158 Cr158 Cr
Reserves3,837 Cr4,437 Cr5,193 Cr6,770 Cr7,763 Cr8,850 Cr9,952 Cr
Borrowings324 Cr——525 Cr1,301 Cr500 Cr700 Cr
Other liabilities38,455 Cr42,947 Cr47,523 Cr50,442 Cr52,330 Cr56,941 Cr64,489 Cr
Total liabilities42,759 Cr47,527 Cr52,858 Cr57,895 Cr61,552 Cr66,450 Cr75,300 Cr
Fixed assets (net)128 Cr137 Cr211 Cr246 Cr271 Cr284 Cr311 Cr
CWIP———————
Investments9,467 Cr11,703 Cr13,035 Cr14,156 Cr15,263 Cr15,101 Cr15,693 Cr
Loans & advances27,716 Cr31,070 Cr33,492 Cr37,290 Cr39,734 Cr43,984 Cr53,123 Cr
Cash & bank1,414 Cr1,680 Cr2,113 Cr2,103 Cr2,230 Cr2,650 Cr2,521 Cr
Other assets4,033 Cr2,937 Cr4,008 Cr4,101 Cr4,055 Cr4,431 Cr3,653 Cr
Total assets42,759 Cr47,527 Cr52,858 Cr57,895 Cr61,552 Cr66,450 Cr75,300 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity567 Cr-670 Cr1,325 Cr-1,270 Cr-611 Cr1,899 Cr-101 Cr
Cash from investing-20 Cr-37 Cr-107 Cr-89 Cr-100 Cr-99 Cr-118 Cr
Cash from financing269 Cr-324 Cr-71 Cr1,088 Cr697 Cr-959 Cr26 Cr
Net cash flow816 Cr-1,031 Cr1,147 Cr-270 Cr-14 Cr840 Cr-193 Cr
Free cash flow (OCF − Capex)547 Cr-707 Cr1,218 Cr-1,359 Cr-711 Cr1,794 Cr-229 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE %10.2%13.2%15.4%14.9%13.5%13.1%13.2%

Regulatory ratios (standalone basis)

RBI ratios for the bank itself (standalone filing), on both views.

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross NPA———521 Cr575 Cr556 Cr388 Cr
Gross NPA %———1.4%1.4%1.3%0.7%
Net NPA———230 Cr336 Cr160 Cr97 Cr
Net NPA %———0.6%0.9%0.4%0.2%
CET1 %———24.6%28.0%31.2%32.3%
Additional Tier 1 %———0.0%0.0%0.0%0.0%
ROA %———2.0%1.8%1.9%1.9%