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Tamilnad Mercantile Bank Ltd. engages in the provision of banking services. The company is headquartered in Thoothukudi, Tamil Nadu and currently employs 4,505 full-time employees. The company went IPO on 2022-09-15. The Bank is engaged in providing a wide range of banking and financial services involving retail, corporate banking and para-banking activities, in addition to treasury and foreign exchange business. Its segments include Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers banking products and services to retail, micro, small and medium enterprises (MSME), agricultural and corporate customers. The Banks's retail asset products include home loans, personal loans, auto loans, educational loans, business loans as well as security-backed loans of various types to its retail customers. For corporate customers, it offers various loans to corporates, in textiles and other industries, with its assortment of banking products and services including working capital, term financial, trade financial, foreign exchange business funding in domestic and foreign currencies.
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“Banking franchise in Banking — Lending & Deposits.”
Net Interest Income of ₹2,527 Cr on total income of ₹7,746 Cr.
Cost-to-income ratio at 45.5%. Provision coverage at 0.6% of income.
“total business growth.”
“net interest income, 13.”
“We expect the Casa growth to be in excess of 15%.”
| KPI | Company | Sector Median |
|---|---|---|
| ROE | 13.2%▲ | 11.5% |
| Net Margin | 17.3%▲ | 12.1% |
| EBITDA Margin | 76.1%▲ | 67.3% |
| Debt To Equity | 6.10x▼ | 8.01x |
| NIM | 4.8%▼ | 390.0% |
| Cost To Income | 45.5% | - |
| Credit Deposit Ratio | 86.10x | 83.00x |
Historical valuation data not available.
| (₹ Cr) | TTM | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Interest on Advances | ₹4,715 Cr +11.0% | ₹4,246 Cr +13.0% | ₹3,758 Cr +19.5% | ₹3,144 Cr |
| Income on Investments | ₹1,049 Cr +3.1% | ₹1,017 Cr -3.6% | ₹1,056 Cr +16.7% | ₹905 Cr |
| ₹877 Cr +3.1% | ₹850 Cr +31.9% | ₹645 Cr +2.5% | ₹629 Cr | |
| Total Income | ₹6,696 Cr +9.0% | ₹6,142 Cr +11.8% | ₹5,493 Cr +16.6% | ₹4,710 Cr |
| Interest Expended | ₹3,292 Cr +10.1% | ₹2,990 Cr +10.9% | ₹2,697 Cr +35.7% | ₹1,987 Cr |
| Employee Cost | ₹794 Cr +9.4% | ₹726 Cr +5.9% | ₹686 Cr +10.9% | ₹619 Cr |
| Other Operating Expenses | ₹755 Cr +11.1% | ₹679 Cr +8.1% | ₹628 Cr +18.1% | ₹532 Cr |
| Provisions & Contingencies | ₹49 Cr -71.5% | ₹171 Cr +93.7% | ₹88 Cr -50.8% | ₹179 Cr |
| Total Expenditure | ₹4,841 Cr +10.1% | ₹4,396 Cr +9.6% | ₹4,011 Cr +27.9% | ₹3,137 Cr |
| Profit Before Tax | ₹1,807 Cr +14.7% | ₹1,575 Cr +13.0% | ₹1,394 Cr -0.0% | ₹1,394 Cr |
| Tax | ₹469 Cr +19.6% | ₹392 Cr +22.0% | ₹322 Cr -11.8% | ₹364 Cr |
| Net Profit | ₹1,338 Cr +13.1% | ₹1,183 Cr +10.3% | ₹1,072 Cr +4.2% | ₹1,029 Cr |
| EPS | ₹84.47 | ₹74.68 | ₹67.70 | ₹65.00 |
| Diluted Shares | ₹16 Cr | ₹16 Cr | ₹16 Cr | ₹16 Cr |
| Other Interest | ₹0.91 Cr -47.4% | ₹2 Cr -50.3% | ₹3 Cr -36.7% | ₹6 Cr |
| Non Performing Assets | ₹97 Cr -39.3% | ₹160 Cr -52.2% | ₹336 Cr +46.1% | ₹230 Cr |
| Gross Non Performing Assets | ₹388 Cr -30.2% | ₹556 Cr -3.3% | ₹575 Cr +10.3% | ₹521 Cr |
| Interest (RBI & Others) | ₹55 Cr +110.7% | ₹26 Cr -16.2% | ₹31 Cr +13.2% | ₹27 Cr |
No related party data available for this company.
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Tamilnad Mercantile Bank Limited has informed the Exchange about Schedule of meet
Tamilnad Mercantile Bank Limited has informed the Exchange about Schedule of meet
Tamilnad Mercantile Bank Limited has informed the Exchange about Schedule of meet
Tamilnad Mercantile Bank Limited has informed the Exchange about Schedule of meet
Tamilnad Mercantile Bank Limited has informed the Exchange about Copy of Newspaper Publication
Tamilnad Mercantile Bank Limited has informed the Exchange about Link of Recording
Tamilnad Mercantile Bank Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "Unaudited Financial Results for the Quarter Ended June 30, 2026.".
Tamilnad Mercantile Bank Limited has informed the Exchange about Investor Presentation
Tamilnad Mercantile Bank Limited has submitted to the Exchange, the Unaudited financial results of the Bank for the period ended Jun 30, 2026.
Tamilnad Mercantile Bank Limited has informed the Exchange regarding 'Change in Email Domain of the Bank'.
Tamilnad Mercantile Bank Limited has informed the Exchange about the order passed by the Appellate Tribunal under SAFEMA, New Delhi
Tamilnad Mercantile Bank Limited has submitted the Exchange a copy Srutinizers report of 104th Annual General Meeting held on July 14, 2026. Further, the company has informed the Exchange regarding v...
Tamilnad Mercantile Bank Limited has informed the Exchange about the order passed by the Appellate Tribunal under SAFEMA, New Delhi
Tamilnad Mercantile Bank Limited has informed the Exchange regarding Proceedings of 104th Annual General Meeting held on July 14, 2026
Tamilnad Mercantile Bank Limited has informed the Exchange regarding Change in Director(s) of the company.