Tamilnad Mercantile Bank Ltd (TMB) — shareholding pattern, promoter holding, financials and share price
About Tamilnad Mercantile Bank Ltd (TMB)
Tamilnad Mercantile Bank Ltd operates in the Private Sector Bank industry, within the Financial Services sector. It trades on the NSE as TMB and on the BSE under scrip code 543596. Its ISIN is INE668A01016.
Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs). [1]
Tamilnad Mercantile Bank Ltd is primarily engaged in providing banking and financial services, offering a range of retail, corporate banking, and para-banking activities. It serves a significant portion of MSME, agricultural, and retail sectors.
In Q3 FY 2026, the bank reported strong financial performance, with total business growing by 14.28% YoY, supported by a 16.30% rise in advances and a 12.53% increase in deposits.
Listed peers in Private Sector Bank: City Union Bank Ltd, Jammu and Kashmir Bank Ltd, South Indian Bank Ltd, Karnataka Bank Ltd, CSB Bank Ltd, DCB Bank Ltd.
Valuation & Returns
10 Jul 2026At ₹803 a share on 10 Jul 2026, Tamilnad Mercantile Bank Ltd (TMB) was valued at a price-to-earnings ratio of 9.51x against an industry P/E of 13.51x and a price-to-book of 1.26x on a book value of ₹638.46 per share as of Mar 2026. Solomo computes return on equity of 13.23% and return on capital employed of 6.77% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 9.51x
- Industry P/E
- 13.51x
- P/B
- 1.26x
- EPS (TTM)
- ₹84.47
- Book value / share
- ₹638.46
- ROE
- 13.23%
- ROCE
- 6.77%
- ROA
- 1.78%
- Debt / equity
- 6.17x
- Dividend yield
- 2.93%
- EBITDA margin
- 87.62%
- 52-week range
- ₹418.65 – ₹807
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Tamilnad Mercantile Bank Ltd (TMB) reported revenue of ₹5,819 crore, net profit of ₹1,338 crore and earnings per share of ₹84.47. That compares with revenue of ₹5,291 crore and net profit of ₹1,183 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,550 crore and net profit ₹374 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 3,834 | 4,081 | 4,848 | 5,291 | 5,819 |
| Net profit (₹ cr) | 822 | 1,029 | 1,072 | 1,183 | 1,338 |
| EPS (₹) | 57.67 | 65 | 67.7 | 74.68 | 84.47 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 6.22% | 10.03% | 12.56% | 9.98% |
| Profit growth | 17.36% | 17.26% | 9.13% | 13.10% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 0% of Tamilnad Mercantile Bank Ltd (TMB) (unchanged from the previous quarter), foreign institutional investors (FII) hold 6.73% and domestic institutional investors (DII) hold 1.95%. Market capitalisation was ₹12,716 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2022.
Largest disclosed public shareholders in Jun 2026: Bucket 1 (Court Cases) 8.77%, Robert And Ardis James Company Limited 4.45%, Starship Equity Holdings Ltd 4.25%, Subcontinental Equities Limited 4.18%, East River Holdings Limited 3.35%, Swiss Re Investors (Mauritius) Limited 3.2%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 0% | - | 6.73% | 1.95% | 100% |
| Mar 2026 | 0% | - | 6.19% | 1.91% | 100% |
| Dec 2025 | 0% | - | 4.95% | 2.46% | 100% |
| Sep 2025 | 0% | - | 4.65% | 2.41% | 100% |
| Jun 2025 | 0% | - | 4.58% | 2.4% | 100% |
| Mar 2025 | 0% | - | 4.22% | 2.66% | 100% |
| Dec 2024 | 0% | - | 4.12% | 2.66% | 100% |
| Sep 2024 | 0% | - | 4.08% | 2.66% | 100% |