Tamilnad Mercantile Bank Ltd.

•

₹ 878.551.02%

2026-08-21

tmb.bank.inBSE: 543596NSE: TMB

Market Cap₹ 13,295 Cr.

Current Price₹ 870

High / Low₹ 917 / 412

Stock P/E0.0

Book Value₹ 667

Price to Book0.91

Dividend Yield1.49 %

ROCE18.3 %

ROE14.0 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Retail Banking: 72.2% • Treasury: 19.1% • Corporate/Wholesale Banking: 8.7%

PROS

Comfortable capital adequacy - CAR of 33.7%
Asset quality is healthy - gross NPA of just 0.7%
Solid return on assets for a lender - ROA of 1.9%
Strong provisioning - provision coverage ratio of 96.0%
Latest quarter profit grew 35.0% YoY, showing strong momentum
Healthy loan book growth of 20.8% with stable asset quality

CONS

A large part of profit comes from other income (48.5% of PBT)
Operating margins have contracted to 31.9% from 38.5%
Though reporting repeated profits, the company pays out little dividend (14.8%)
Growth is decelerating - 3Y profit CAGR (9.1%) trails the 5Y trend (17.3%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Financial ServicesBankBank - Private

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	HDFCBANK	720.15	14.05	1109831.87	2.15	203826.90	1092.64	905753.30	936.66	12.81	35.64
2.	ICICIBANK	1401.80	17.94	1006008.51	0.86	16209.74	12.62	52240.85	6.44	16.51	32.39
3.	KOTAKBANK	392.05	19.21	389986.67	0.17	5487.06	23.89	18354.57	6.41	12.05	19.05
4.	AXISBANK	1232.35	13.81	383618.90	0.08	7656.51	22.31	35541.96	9.87	11.04	63.88
5.	FEDERALBNK	359.45	18.97	88849.29	0.33	1297.61	37.06	7861.58	9.94	10.98	66.11
6.	IDBI	80.72	9.31	86793.39	0.00	2130.57	5.27	7549.28	7.44	14.76	76.80
7.	AUBANK	1071.30	44.12	80340.09	0.09	795.95	37.03	5302.74	21.11	14.17	56.24
8.	INDUSINDBK	1011.95	59.63	78845.13	0.15	1037.02	71.68	11309.94	-7.78	4.97	55.07
9.	IDFCFIRSTB	85.20	31.87	73452.79	0.29	1147.82	153.12	11051.09	14.61	5.42	38.45
10.	YESBANK	22.71	18.88	71281.66	0.00	1071.81	32.53	8054.49	5.92	8.04	58.47
11.	RBLBANK	381.00	65.69	59059.12	0.26	2342.30	993.41	38402.40	1015.97	6.49	40.95
12.	TMB	839.60	0.00	13295.19	1.49	411.51	34.97	1662.43	19.92	18.27	73.15

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,156	1,209	1,229	1,254	1,281	1,337	1,331	1,342	1,386	1,413	1,469	1,550	1,662
Interest Expended	642	676	692	687	715	741	761	774	807	816	823	846	897
Net Interest Income	514	533	537	567	567	596	570	568	580	597	646	704	765
	167	156	158	164	234	227	189	200	231	208	196	242	238
Total Income	1,323	1,365	0	0	0	0	0	0	0	0	0	1,792	1,901
Operating Expenses	301	324	325	364	331	358	352	364	399	353	374	424	392
Operating Profit	380	365	370	367	469	465	408	404	412	452	468	522	611
Provisions & Contingencies	39	23	2	24	85	65	3	17	8	20	1	19	54
Profit before Tax	341	342	368	343	383	400	404	387	404	432	467	504	557
Tax %	23.37%	19.99%	22.73%	26.22%	25.07%	24.26%	25.76%	24.53%	24.52%	26.57%	26.83%	25.79%	26.14%
Net Profit	261	274	284	253	287	303	300	292	305	318	342	374	412
EPS	16	17	18	16	18	19	19	18	19	20	22	2	3
Gross NPA %	1.56%	1.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.73%	0.69%
Net NPA %	0.66%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.17%
Provision Coverage %	90.49%	86.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	96.08%	96.04%
NIM %	4.00%	4.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.18%	4.29%
CASA %	28.00%	28.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28.14%	26.16%
Capital Adequacy %	26.57%	26.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.73%	32.33%
Return on Assets %	1.85%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.05%	2.14%
Branches / ATMs / Employees	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross NPA %	1.56%	1.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.73%	0.69%
Net NPA %	0.66%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.17%
Provision Coverage %	90.49%	86.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	96.08%	96.04%
NIM %	4.00%	4.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.18%	4.29%
CASA %	28.00%	28.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28.14%	26.16%
Capital Adequacy %	26.57%	26.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	33.73%	32.33%
Return on Assets %	1.85%	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.05%	2.14%
Branches / ATMs / Employees	—	—	—	—	—	—	—	—	—	—	—	—	—

Jun 2023

: 1,156
Interest Expended: 642
Net Interest Income: 514
: 167
Total Income: 1,323
Operating Expenses: 301
Operating Profit: 380
Provisions & Contingencies: 39
Profit before Tax: 341
Tax %: 23.37%
Net Profit: 261
EPS: 16
Gross NPA %: 1.56%
Net NPA %: 0.66%
Provision Coverage %: 90.49%
NIM %: 4.00%
CASA %: 28.00%
Capital Adequacy %: 26.57%
Return on Assets %: 1.85%
Branches / ATMs / Employees: —
Gross NPA %: 1.56%
Net NPA %: 0.66%
Provision Coverage %: 90.49%
NIM %: 4.00%
CASA %: 28.00%
Capital Adequacy %: 26.57%
Return on Assets %: 1.85%
Branches / ATMs / Employees: —

Sep 2023

: 1,209
Interest Expended: 676
Net Interest Income: 533
: 156
Total Income: 1,365
Operating Expenses: 324
Operating Profit: 365
Provisions & Contingencies: 23
Profit before Tax: 342
Tax %: 19.99%
Net Profit: 274
EPS: 17
Gross NPA %: 1.70%
Net NPA %: 0.99%
Provision Coverage %: 86.42%
NIM %: 4.10%
CASA %: 28.00%
Capital Adequacy %: 26.04%
Return on Assets %: 1.89%
Branches / ATMs / Employees: —
Gross NPA %: 1.70%
Net NPA %: 0.99%
Provision Coverage %: 86.42%
NIM %: 4.10%
CASA %: 28.00%
Capital Adequacy %: 26.04%
Return on Assets %: 1.89%
Branches / ATMs / Employees: —

Dec 2023

: 1,229
Interest Expended: 692
Net Interest Income: 537
: 158
Total Income: 0
Operating Expenses: 325
Operating Profit: 370
Provisions & Contingencies: 2
Profit before Tax: 368
Tax %: 22.73%
Net Profit: 284
EPS: 18
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Mar 2024

: 1,254
Interest Expended: 687
Net Interest Income: 567
: 164
Total Income: 0
Operating Expenses: 364
Operating Profit: 367
Provisions & Contingencies: 24
Profit before Tax: 343
Tax %: 26.22%
Net Profit: 253
EPS: 16
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Jun 2024

: 1,281
Interest Expended: 715
Net Interest Income: 567
: 234
Total Income: 0
Operating Expenses: 331
Operating Profit: 469
Provisions & Contingencies: 85
Profit before Tax: 383
Tax %: 25.07%
Net Profit: 287
EPS: 18
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Sep 2024

: 1,337
Interest Expended: 741
Net Interest Income: 596
: 227
Total Income: 0
Operating Expenses: 358
Operating Profit: 465
Provisions & Contingencies: 65
Profit before Tax: 400
Tax %: 24.26%
Net Profit: 303
EPS: 19
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Dec 2024

: 1,331
Interest Expended: 761
Net Interest Income: 570
: 189
Total Income: 0
Operating Expenses: 352
Operating Profit: 408
Provisions & Contingencies: 3
Profit before Tax: 404
Tax %: 25.76%
Net Profit: 300
EPS: 19
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Mar 2025

: 1,342
Interest Expended: 774
Net Interest Income: 568
: 200
Total Income: 0
Operating Expenses: 364
Operating Profit: 404
Provisions & Contingencies: 17
Profit before Tax: 387
Tax %: 24.53%
Net Profit: 292
EPS: 18
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Jun 2025

: 1,386
Interest Expended: 807
Net Interest Income: 580
: 231
Total Income: 0
Operating Expenses: 399
Operating Profit: 412
Provisions & Contingencies: 8
Profit before Tax: 404
Tax %: 24.52%
Net Profit: 305
EPS: 19
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Sep 2025

: 1,413
Interest Expended: 816
Net Interest Income: 597
: 208
Total Income: 0
Operating Expenses: 353
Operating Profit: 452
Provisions & Contingencies: 20
Profit before Tax: 432
Tax %: 26.57%
Net Profit: 318
EPS: 20
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Dec 2025

: 1,469
Interest Expended: 823
Net Interest Income: 646
: 196
Total Income: 0
Operating Expenses: 374
Operating Profit: 468
Provisions & Contingencies: 1
Profit before Tax: 467
Tax %: 26.83%
Net Profit: 342
EPS: 22
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
NIM %: 0.00%
CASA %: 0.00%
Capital Adequacy %: 0.00%
Return on Assets %: 0.00%
Branches / ATMs / Employees: —

Mar 2026

: 1,550
Interest Expended: 846
Net Interest Income: 704
: 242
Total Income: 1,792
Operating Expenses: 424
Operating Profit: 522
Provisions & Contingencies: 19
Profit before Tax: 504
Tax %: 25.79%
Net Profit: 374
EPS: 2
Gross NPA %: 0.73%
Net NPA %: 0.18%
Provision Coverage %: 96.08%
NIM %: 4.18%
CASA %: 28.14%
Capital Adequacy %: 33.73%
Return on Assets %: 2.05%
Branches / ATMs / Employees: —
Gross NPA %: 0.73%
Net NPA %: 0.18%
Provision Coverage %: 96.08%
NIM %: 4.18%
CASA %: 28.14%
Capital Adequacy %: 33.73%
Return on Assets %: 2.05%
Branches / ATMs / Employees: —

Jun 2026

: 1,662
Interest Expended: 897
Net Interest Income: 765
: 238
Total Income: 1,901
Operating Expenses: 392
Operating Profit: 611
Provisions & Contingencies: 54
Profit before Tax: 557
Tax %: 26.14%
Net Profit: 412
EPS: 3
Gross NPA %: 0.69%
Net NPA %: 0.17%
Provision Coverage %: 96.04%
NIM %: 4.29%
CASA %: 26.16%
Capital Adequacy %: 32.33%
Return on Assets %: 2.14%
Branches / ATMs / Employees: —
Gross NPA %: 0.69%
Net NPA %: 0.17%
Provision Coverage %: 96.04%
NIM %: 4.29%
CASA %: 26.16%
Capital Adequacy %: 32.33%
Return on Assets %: 2.14%
Branches / ATMs / Employees: —

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	4,848	5,291	5,819	—
Interest Expended	2,230	2,041	1,994	2,147	2,072	2,019	1,987	2,697	2,990	3,292	3,383
Net Interest Income	-2,230	-2,041	-1,994	-2,147	-2,072	-2,019	-1,987	2,151	2,301	2,527	—
	431	506	414	526	644	812	629	645	850	877	884
Total Income	0	0	0	0	0	0	0	5,493	6,142	6,696	3,693
	0	0	0	0	0	0	0	1,314	1,406	1,549	—
Operating Profit	-2,230	-2,041	-1,994	-2,147	-2,072	-2,019	-1,987	1,482	1,746	1,855	—
	382	696	488	410	404	196	129	88	171	49	—
Profit before Tax	492	310	397	585	798	1,125	1,394	1,394	1,575	1,807	1,960
Tax %	0	0	0	0	0	0	0	23	25	26	26
Net Profit	317	222	259	408	603	822	1,029	1,072	1,183	1,338	1,444
EPS	22	16	18	29	42	58	68	68	75	84	—
NIM %	—	—	—	—	—	—	—	—	—	—	—
Cost-to-Income %	—	—	—	—	—	—	—	—	—	—	—
Credit Cost %	—	—	—	—	—	—	—	—	—	—	—
NIM %	—	—	—	—	—	—	—	—	—	—	—
Cost-to-Income %	—	—	—	—	—	—	—	—	—	—	—
Credit Cost %	—	—	—	—	—	—	—	—	—	—	—

Mar 2017

: 0
Interest Expended: 2,230
Net Interest Income: -2,230
: 431
Total Income: 0
: 0
Operating Profit: -2,230
: 382
Profit before Tax: 492
Tax %: 0
Net Profit: 317
EPS: 22
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2018

: 0
Interest Expended: 2,041
Net Interest Income: -2,041
: 506
Total Income: 0
: 0
Operating Profit: -2,041
: 696
Profit before Tax: 310
Tax %: 0
Net Profit: 222
EPS: 16
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2019

: 0
Interest Expended: 1,994
Net Interest Income: -1,994
: 414
Total Income: 0
: 0
Operating Profit: -1,994
: 488
Profit before Tax: 397
Tax %: 0
Net Profit: 259
EPS: 18
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2020

: 0
Interest Expended: 2,147
Net Interest Income: -2,147
: 526
Total Income: 0
: 0
Operating Profit: -2,147
: 410
Profit before Tax: 585
Tax %: 0
Net Profit: 408
EPS: 29
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2021

: 0
Interest Expended: 2,072
Net Interest Income: -2,072
: 644
Total Income: 0
: 0
Operating Profit: -2,072
: 404
Profit before Tax: 798
Tax %: 0
Net Profit: 603
EPS: 42
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2022

: 0
Interest Expended: 2,019
Net Interest Income: -2,019
: 812
Total Income: 0
: 0
Operating Profit: -2,019
: 196
Profit before Tax: 1,125
Tax %: 0
Net Profit: 822
EPS: 58
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2023

: 0
Interest Expended: 1,987
Net Interest Income: -1,987
: 629
Total Income: 0
: 0
Operating Profit: -1,987
: 129
Profit before Tax: 1,394
Tax %: 0
Net Profit: 1,029
EPS: 68
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2024

: 4,848
Interest Expended: 2,697
Net Interest Income: 2,151
: 645
Total Income: 5,493
: 1,314
Operating Profit: 1,482
: 88
Profit before Tax: 1,394
Tax %: 23
Net Profit: 1,072
EPS: 68
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2025

: 5,291
Interest Expended: 2,990
Net Interest Income: 2,301
: 850
Total Income: 6,142
: 1,406
Operating Profit: 1,746
: 171
Profit before Tax: 1,575
Tax %: 25
Net Profit: 1,183
EPS: 75
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

Mar 2026

: 5,819
Interest Expended: 3,292
Net Interest Income: 2,527
: 877
Total Income: 6,696
: 1,549
Operating Profit: 1,855
: 49
Profit before Tax: 1,807
Tax %: 26
Net Profit: 1,338
EPS: 84
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

TTM

: —
Interest Expended: 3,383
Net Interest Income: —
: 884
Total Income: 3,693
: —
Operating Profit: —
: —
Profit before Tax: 1,960
Tax %: 26
Net Profit: 1,444
EPS: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —
NIM %: —
Cost-to-Income %: —
Credit Cost %: —

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 10%
3 Years:: 13%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 17%
3 Years:: 9%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 15%
1 Year:: 103%

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 15%
3 Years:: 14%
Last Year:: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	143	143	143	143	143	143	158	158	158	158
	3,082	3,262	3,476	3,837	4,437	5,193	6,770	7,763	8,850	9,952
	32,190	32,428	35,136	36,825	40,970	44,933	47,766	49,515	53,689	61,712
	0	513	0	324	0	0	525	1,301	500	700
Other Liabilities & Provisions	1,570	1,574	1,778	1,630	1,977	2,590	2,676	2,815	3,252	2,777
Total Liabilities	36,984	37,920	40,533	42,759	47,527	52,858	57,895	6	7	8
ASSETS	-	-	-	-	-	-	-	-	-	-
	1,458	1,702	1,735	1,414	1,680	2,113	2,103	2,230	2,650	2,521
Balances with Banks & Money at Call	488	302	1,185	2,322	1,025	1,739	1,479	1,338	1,758	1,694
	11,504	10,364	9,107	9,467	11,703	13,242	14,156	15,263	15,101	15,693
	21,972	23,769	26,488	27,716	31,070	33,492	37,290	39,734	43,984	53,123
	154	140	138	128	137	211	246	271	284	311
	1,407	1,644	1,880	1,711	1,912	2,062	2,622	2,717	2,673	1,959
Total Assets	36,984	37,920	40,533	42,759	47,527	52,858	57,895	6	7	8
CASA Deposits	4,974	5,452	5,848	6,523	8,089	9,375	9,487	10,089	10,146	12,281
CASA Ratio (%)	15.45	16.81	16.64	17.71	19.74	20.86	19.86	20.38	18.90	19.90
Credit-Deposit Ratio (%)	68.26	73.30	75.39	75.26	75.83	74.54	78.07	80.25	81.92	86.08
Contingent Liabilities	11,768	13,057	7,204	7,310	11,387	8,798	6,639	6,663	6,704	9,644
Bills for Collection	0	0	0	0	0	0	0	875	862	987
Book Value per Share	226.23	238.91	253.89	279.25	321.38	374.41	437.53	500.23	568.90	638.46
CASA Deposits	4,974	5,452	5,848	6,523	8,089	9,375	9,487	10,089	10,146	12,281
CASA Ratio (%)	15.45	16.81	16.64	17.71	19.74	20.86	19.86	20.38	18.90	19.90
Credit-Deposit Ratio (%)	68.26	73.30	75.39	75.26	75.83	74.54	78.07	80.25	81.92	86.08
Contingent Liabilities	11,768	13,057	7,204	7,310	11,387	8,798	6,639	6,663	6,704	9,644
Bills for Collection	0	0	0	0	0	0	0	875	862	987
Book Value per Share	226.23	238.91	253.89	279.25	321.38	374.41	437.53	500.23	568.90	638.46

Mar 2017

Equity Capital: 143
: 3,082
: 32,190
: 0
Other Liabilities & Provisions: 1,570
Total Liabilities: 36,984
: 1,458
Balances with Banks & Money at Call: 488
: 11,504
: 21,972
: 154
: 1,407
Total Assets: 36,984
CASA Deposits: 4,974
CASA Ratio (%): 15.45
Credit-Deposit Ratio (%): 68.26
Contingent Liabilities: 11,768
Bills for Collection: 0
Book Value per Share: 226.23
CASA Deposits: 4,974
CASA Ratio (%): 15.45
Credit-Deposit Ratio (%): 68.26
Contingent Liabilities: 11,768
Bills for Collection: 0
Book Value per Share: 226.23

Mar 2018

Equity Capital: 143
: 3,262
: 32,428
: 513
Other Liabilities & Provisions: 1,574
Total Liabilities: 37,920
: 1,702
Balances with Banks & Money at Call: 302
: 10,364
: 23,769
: 140
: 1,644
Total Assets: 37,920
CASA Deposits: 5,452
CASA Ratio (%): 16.81
Credit-Deposit Ratio (%): 73.30
Contingent Liabilities: 13,057
Bills for Collection: 0
Book Value per Share: 238.91
CASA Deposits: 5,452
CASA Ratio (%): 16.81
Credit-Deposit Ratio (%): 73.30
Contingent Liabilities: 13,057
Bills for Collection: 0
Book Value per Share: 238.91

Mar 2019

Equity Capital: 143
: 3,476
: 35,136
: 0
Other Liabilities & Provisions: 1,778
Total Liabilities: 40,533
: 1,735
Balances with Banks & Money at Call: 1,185
: 9,107
: 26,488
: 138
: 1,880
Total Assets: 40,533
CASA Deposits: 5,848
CASA Ratio (%): 16.64
Credit-Deposit Ratio (%): 75.39
Contingent Liabilities: 7,204
Bills for Collection: 0
Book Value per Share: 253.89
CASA Deposits: 5,848
CASA Ratio (%): 16.64
Credit-Deposit Ratio (%): 75.39
Contingent Liabilities: 7,204
Bills for Collection: 0
Book Value per Share: 253.89

Mar 2020

Equity Capital: 143
: 3,837
: 36,825
: 324
Other Liabilities & Provisions: 1,630
Total Liabilities: 42,759
: 1,414
Balances with Banks & Money at Call: 2,322
: 9,467
: 27,716
: 128
: 1,711
Total Assets: 42,759
CASA Deposits: 6,523
CASA Ratio (%): 17.71
Credit-Deposit Ratio (%): 75.26
Contingent Liabilities: 7,310
Bills for Collection: 0
Book Value per Share: 279.25
CASA Deposits: 6,523
CASA Ratio (%): 17.71
Credit-Deposit Ratio (%): 75.26
Contingent Liabilities: 7,310
Bills for Collection: 0
Book Value per Share: 279.25

Mar 2021

Equity Capital: 143
: 4,437
: 40,970
: 0
Other Liabilities & Provisions: 1,977
Total Liabilities: 47,527
: 1,680
Balances with Banks & Money at Call: 1,025
: 11,703
: 31,070
: 137
: 1,912
Total Assets: 47,527
CASA Deposits: 8,089
CASA Ratio (%): 19.74
Credit-Deposit Ratio (%): 75.83
Contingent Liabilities: 11,387
Bills for Collection: 0
Book Value per Share: 321.38
CASA Deposits: 8,089
CASA Ratio (%): 19.74
Credit-Deposit Ratio (%): 75.83
Contingent Liabilities: 11,387
Bills for Collection: 0
Book Value per Share: 321.38

Mar 2022

Equity Capital: 143
: 5,193
: 44,933
: 0
Other Liabilities & Provisions: 2,590
Total Liabilities: 52,858
: 2,113
Balances with Banks & Money at Call: 1,739
: 13,242
: 33,492
: 211
: 2,062
Total Assets: 52,858
CASA Deposits: 9,375
CASA Ratio (%): 20.86
Credit-Deposit Ratio (%): 74.54
Contingent Liabilities: 8,798
Bills for Collection: 0
Book Value per Share: 374.41
CASA Deposits: 9,375
CASA Ratio (%): 20.86
Credit-Deposit Ratio (%): 74.54
Contingent Liabilities: 8,798
Bills for Collection: 0
Book Value per Share: 374.41

Mar 2023

Equity Capital: 158
: 6,770
: 47,766
: 525
Other Liabilities & Provisions: 2,676
Total Liabilities: 57,895
: 2,103
Balances with Banks & Money at Call: 1,479
: 14,156
: 37,290
: 246
: 2,622
Total Assets: 57,895
CASA Deposits: 9,487
CASA Ratio (%): 19.86
Credit-Deposit Ratio (%): 78.07
Contingent Liabilities: 6,639
Bills for Collection: 0
Book Value per Share: 437.53
CASA Deposits: 9,487
CASA Ratio (%): 19.86
Credit-Deposit Ratio (%): 78.07
Contingent Liabilities: 6,639
Bills for Collection: 0
Book Value per Share: 437.53

Mar 2024

Equity Capital: 158
: 7,763
: 49,515
: 1,301
Other Liabilities & Provisions: 2,815
Total Liabilities: 6
: 2,230
Balances with Banks & Money at Call: 1,338
: 15,263
: 39,734
: 271
: 2,717
Total Assets: 6
CASA Deposits: 10,089
CASA Ratio (%): 20.38
Credit-Deposit Ratio (%): 80.25
Contingent Liabilities: 6,663
Bills for Collection: 875
Book Value per Share: 500.23
CASA Deposits: 10,089
CASA Ratio (%): 20.38
Credit-Deposit Ratio (%): 80.25
Contingent Liabilities: 6,663
Bills for Collection: 875
Book Value per Share: 500.23

Mar 2025

Equity Capital: 158
: 8,850
: 53,689
: 500
Other Liabilities & Provisions: 3,252
Total Liabilities: 7
: 2,650
Balances with Banks & Money at Call: 1,758
: 15,101
: 43,984
: 284
: 2,673
Total Assets: 7
CASA Deposits: 10,146
CASA Ratio (%): 18.90
Credit-Deposit Ratio (%): 81.92
Contingent Liabilities: 6,704
Bills for Collection: 862
Book Value per Share: 568.90
CASA Deposits: 10,146
CASA Ratio (%): 18.90
Credit-Deposit Ratio (%): 81.92
Contingent Liabilities: 6,704
Bills for Collection: 862
Book Value per Share: 568.90

Mar 2026

Equity Capital: 158
: 9,952
: 61,712
: 700
Other Liabilities & Provisions: 2,777
Total Liabilities: 8
: 2,521
Balances with Banks & Money at Call: 1,694
: 15,693
: 53,123
: 311
: 1,959
Total Assets: 8
CASA Deposits: 12,281
CASA Ratio (%): 19.90
Credit-Deposit Ratio (%): 86.08
Contingent Liabilities: 9,644
Bills for Collection: 987
Book Value per Share: 638.46
CASA Deposits: 12,281
CASA Ratio (%): 19.90
Credit-Deposit Ratio (%): 86.08
Contingent Liabilities: 9,644
Bills for Collection: 987
Book Value per Share: 638.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	753	-389	1,498	567	-670	1,325	-1,270	-611	1,899	-101
Cash from Investing	-38	-26	-34	-20	-37	-107	-89	-100	-99	-118
Cash from Financing	-368	472	-547	269	-324	-71	1,088	697	-960	26
	347	58	917	816	-1,031	1,147	-270	-14	840	-193

Mar 2017

: 753
Cash from Investing: -38
Cash from Financing: -368
: 347

Mar 2018

: -389
Cash from Investing: -26
Cash from Financing: 472
: 58

Mar 2019

: 1,498
Cash from Investing: -34
Cash from Financing: -547
: 917

Mar 2020

: 567
Cash from Investing: -20
Cash from Financing: 269
: 816

Mar 2021

: -670
Cash from Investing: -37
Cash from Financing: -324
: -1,031

Mar 2022

: 1,325
Cash from Investing: -107
Cash from Financing: -71
: 1,147

Mar 2023

: -1,270
Cash from Investing: -89
Cash from Financing: 1,088
: -270

Mar 2024

: -611
Cash from Investing: -100
Cash from Financing: 697
: -14

Mar 2025

: 1,899
Cash from Investing: -99
Cash from Financing: -960
: 840

Mar 2026

: -101
Cash from Investing: -118
Cash from Financing: 26
: -193

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	22.22	15.57	18.14	28.61	42.34	57.67	65.00	67.70	74.68	84.47
Book Value (₹)	226.23	238.91	253.89	279.25	321.38	374.41	437.53	500.23	568.90	638.46
Dividend per Share (₹)	3.20	3.20	3.20	0.00	5.00	10.00	10.00	10.00	11.00	12.50
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.67%	3.62%	3.46%
ROA %	0.88%	0.59%	0.66%	0.98%	1.34%	1.64%	1.86%	1.79%	1.85%	1.89%
ROE %	10.27%	6.70%	7.36%	10.73%	14.10%	16.58%	16.78%	14.44%	13.97%	13.99%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	47.00%	44.60%	45.50%
ASSET QUALITY	-	-	-	-	-	-	-	-	-	-
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	1.69%	1.39%	1.70%	1.25%	0.73%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.95%	0.62%	0.99%	0.36%	0.18%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	87.92%	90.90%	86.42%	93.86%	96.08%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY	-	-	-	-	-	-	-	-	-	-
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.64%	26.44%	28.14%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.01%	0.01%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.37%	32.71%	33.73%
GROWTH & VALUATION	-	-	-	-	-	-	-	-	-	-
Net Profit Growth %	-21.26%	-29.92%	16.52%	57.67%	47.99%	36.23%	25.23%	4.16%	10.31%	13.10%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.33%	13.73%	12.23%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.17x	5.50x	6.87x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.97x	0.72x	0.91x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.06%	2.68%	2.15%

Mar 2017

EPS (₹): 22.22
Book Value (₹): 226.23
Dividend per Share (₹): 3.20
Net Interest Margin %: 0.00%
ROA %: 0.88%
ROE %: 10.27%
: 0.00%
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: -21.26%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2018

EPS (₹): 15.57
Book Value (₹): 238.91
Dividend per Share (₹): 3.20
Net Interest Margin %: 0.00%
ROA %: 0.59%
ROE %: 6.70%
: 0.00%
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: -29.92%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2019

EPS (₹): 18.14
Book Value (₹): 253.89
Dividend per Share (₹): 3.20
Net Interest Margin %: 0.00%
ROA %: 0.66%
ROE %: 7.36%
: 0.00%
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: 16.52%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2020

EPS (₹): 28.61
Book Value (₹): 279.25
Dividend per Share (₹): 0.00
Net Interest Margin %: 0.00%
ROA %: 0.98%
ROE %: 10.73%
: 0.00%
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: 57.67%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2021

EPS (₹): 42.34
Book Value (₹): 321.38
Dividend per Share (₹): 5.00
Net Interest Margin %: 0.00%
ROA %: 1.34%
ROE %: 14.10%
: 0.00%
Gross NPA %: 0.00%
Net NPA %: 0.00%
Provision Coverage %: 0.00%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: 47.99%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2022

EPS (₹): 57.67
Book Value (₹): 374.41
Dividend per Share (₹): 10.00
Net Interest Margin %: 0.00%
ROA %: 1.64%
ROE %: 16.58%
: 0.00%
Gross NPA %: 1.69%
Net NPA %: 0.95%
Provision Coverage %: 87.92%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: 36.23%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2023

EPS (₹): 65.00
Book Value (₹): 437.53
Dividend per Share (₹): 10.00
Net Interest Margin %: 0.00%
ROA %: 1.86%
ROE %: 16.78%
: 0.00%
Gross NPA %: 1.39%
Net NPA %: 0.62%
Provision Coverage %: 90.90%
Slippage Ratio %: —
CASA %: 0.00%
Credit-Deposit Ratio %: 0.00%
: 0.00%
Net Profit Growth %: 25.23%
Book Value Growth %: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
: 0.00%

Mar 2024

EPS (₹): 67.70
Book Value (₹): 500.23
Dividend per Share (₹): 10.00
Net Interest Margin %: 3.67%
ROA %: 1.79%
ROE %: 14.44%
: 47.00%
Gross NPA %: 1.70%
Net NPA %: 0.99%
Provision Coverage %: 86.42%
Slippage Ratio %: —
CASA %: 29.64%
Credit-Deposit Ratio %: 0.03%
: 29.37%
Net Profit Growth %: 4.16%
Book Value Growth %: 14.33%
P/E (x): 7.17x
P/B (x): 0.97x
: 2.06%

Mar 2025

EPS (₹): 74.68
Book Value (₹): 568.90
Dividend per Share (₹): 11.00
Net Interest Margin %: 3.62%
ROA %: 1.85%
ROE %: 13.97%
: 44.60%
Gross NPA %: 1.25%
Net NPA %: 0.36%
Provision Coverage %: 93.86%
Slippage Ratio %: —
CASA %: 26.44%
Credit-Deposit Ratio %: 0.01%
: 32.71%
Net Profit Growth %: 10.31%
Book Value Growth %: 13.73%
P/E (x): 5.50x
P/B (x): 0.72x
: 2.68%

Mar 2026

EPS (₹): 84.47
Book Value (₹): 638.46
Dividend per Share (₹): 12.50
Net Interest Margin %: 3.46%
ROA %: 1.89%
ROE %: 13.99%
: 45.50%
Gross NPA %: 0.73%
Net NPA %: 0.18%
Provision Coverage %: 96.08%
Slippage Ratio %: —
CASA %: 28.14%
Credit-Deposit Ratio %: 0.01%
: 33.73%
Net Profit Growth %: 13.10%
Book Value Growth %: 12.23%
P/E (x): 6.87x
P/B (x): 0.91x
: 2.15%

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.67	4.08	4.12	4.22	4.58	4.65	4.95	6.19	6.73
	2.73	2.22	2.23	2.22	1.96	1.97	2.03	1.36	1.52
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	93.59	93.70	93.66	93.56	93.47	93.38	93.03	92.45	91.75

Jun 2024

Promoters: 0.00
: 3.67
: 2.73
Government: 0.00
: 93.59

Sep 2024

Promoters: 0.00
: 4.08
: 2.22
Government: 0.00
: 93.70

Dec 2024

Promoters: 0.00
: 4.12
: 2.23
Government: 0.00
: 93.66

Mar 2025

Promoters: 0.00
: 4.22
: 2.22
Government: 0.00
: 93.56

Jun 2025

Promoters: 0.00
: 4.58
: 1.96
Government: 0.00
: 93.47

Sep 2025

Promoters: 0.00
: 4.65
: 1.97
Government: 0.00
: 93.38

Dec 2025

Promoters: 0.00
: 4.95
: 2.03
Government: 0.00
: 93.03

Mar 2026

Promoters: 0.00
: 6.19
: 1.36
Government: 0.00
: 92.45

Jun 2026

Promoters: 0.00
: 6.73
: 1.52
Government: 0.00
: 91.75

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-06 - Tamilnad Mercantile Bank Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
2026-07-30 - Tamilnad Mercantile Bank Limited has informed the Exchange about Transcript

Annual Reports

Credit Ratings

Credit Rating
2026-06-11 - Tamilnad Mercantile Bank Limited has informed the Exchange about Credit Rating

Concalls

Jul 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Apr 2026
TranscriptPPTREC