T N Merc. Bank

Has T N Merc. Bank declared dividend?

Yes, Tamilnad Mercantile Bank Ltd has declared a 50% dividend, amounting to ₹5 per share, with an ex-date of August 29, 2023. However, the dividend yield is 0%, and total returns over various periods have shown mixed results, with a decline in the short term.

Tamilnad Mercantile Bank Ltd has declared a 50% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 50%<BR>- Amount per share: 5<BR>- Ex-date: 29 Aug 23<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -6.69%, the dividend return was 0%, resulting in a total return of -6.69%.<BR><BR>Over the past year, the price return was -3.08%, the dividend return was 0%, leading to a total return of -3.08%.<BR><BR>In the 2-year period, the price return was 10.08%, the dividend return was 1.17%, culminating in a total return of 11.25%.<BR><BR>For the 3-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>In the 4-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>For the 5-year period, the price return was 0%, the dividend return was 0%, culminating in a total return of 0.0%.<BR><BR>Overall, while Tamilnad Mercantile Bank Ltd has declared a dividend, the total returns over various periods show mixed results, with a notable decline in the short term and a positive return over the longer 2-year period. The dividend yield remains at 0%, indicating that the recent dividend declaration has not significantly impacted the yield.

Who are the peers of the T N Merc. Bank?

T N Merc. Bank's peers include HDFC Bank, ICICI Bank, Kotak Mah. Bank, Axis Bank, IDBI Bank, Yes Bank, IndusInd Bank, CSB Bank, DCB Bank, and Dhanlaxmi Bank. In terms of management risk, growth, and capital structure, T N Merc. Bank shows average performance compared to its peers, with a 1-year return of -0.16%.

Peers: The peers of T N Merc. Bank are HDFC Bank, ICICI Bank, Kotak Mah. Bank, Axis Bank, IDBI Bank, Yes Bank, IndusInd Bank, CSB Bank, DCB Bank, and Dhanlaxmi Bank.<BR><BR>Quality Snapshot: Excellent management risk is observed at HDFC Bank, ICICI Bank, and IndusInd Bank, while Good management risk is found at Axis Bank and DCB Bank, and Average management risk is present at T N Merc. Bank, IDBI Bank, Yes Bank, CSB Bank, and Dhanlaxmi Bank. For Growth, Excellent growth is noted at HDFC Bank, ICICI Bank, and CSB Bank, while Good growth is seen at Kotak Mah. Bank, Axis Bank, and IDBI Bank, and Average growth is reported at T N Merc. Bank, Yes Bank, and Dhanlaxmi Bank. Lastly, Excellent capital structure is exhibited by HDFC Bank, ICICI Bank, Kotak Mah. Bank, Axis Bank, IDBI Bank, IndusInd Bank, CSB Bank, DCB Bank, and T N Merc. Bank, while Good capital structure is found at Yes Bank and Dhanlaxmi Bank.<BR><BR>Return Snapshot: The peer with the highest 1-year return is ICICI Bank at 24.07%, while the lowest is IndusInd Bank at -47.40%. T N Merc. Bank's 1-year return is -0.16%, which is higher than IndusInd Bank's but lower than all others. Additionally, the six-month returns are negative for T N Merc. Bank, IndusInd Bank, and Dhanlaxmi Bank.

Is T N Merc. Bank overvalued or undervalued?

As of January 21, 2025, T N Merc. Bank is considered very attractive due to its undervaluation, reflected in a PE ratio of 6.10 and a PEG ratio of 0.59, significantly lower than its peers HDFC Bank and ICICI Bank, despite a recent underperformance compared to the Sensex.

As of 21 January 2025, T N Merc. Bank's valuation grade has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The bank appears to be undervalued, supported by a PE ratio of 6.10, a price-to-book value of 0.80, and a PEG ratio of 0.59. These ratios suggest that the bank is trading at a discount compared to its earnings growth potential.<BR><BR>In comparison to its peers, T N Merc. Bank stands out with a much lower PE ratio than HDFC Bank Ltd. at 22.51 and ICICI Bank Ltd. at 22.01, both of which are considered expensive. Additionally, T N Merc. Bank's PEG ratio of 0.59 is significantly lower than that of its peers, reinforcing its undervaluation. While the stock has underperformed the Sensex over the past year with a return of -3.18% compared to the Sensex's 7.56%, the current valuation metrics suggest that the bank presents a compelling investment opportunity.

Who are in the management team of T N Merc. Bank?

As of March 2022, the management team of T N Merc. Bank includes Chairman Balakrishnan Prabaharan, Managing Director & CEO S Krishnan, and several non-executive and independent directors, along with nominees from the Reserve Bank of India.

As of March 2022, the management team of T N Merc. Bank includes the following individuals:<BR><BR>1. **Balakrishnan Prabaharan** - Chairman & Independent Director<BR>2. **S Krishnan** - Managing Director & CEO<BR>3. **Niranjan Sankar Annamalai** - Non Executive Director<BR>4. **P C G Asok Kumar** - Non Executive Director<BR>5. **Ashok Shanmugam Rajendran** - Non Executive Director<BR>6. **Dhanushkodi N Nirranjan Kani** - Non Executive Director<BR>7. **Chiranjeevi Raj C.** - Independent Non Executive Director<BR>8. **Shivavel Ezhil Jothi** - Independent Non Executive Director<BR>9. **Balasubramanian Vijayadurai** - Independent Non Executive Director<BR>10. **Nagarajan Kandavel** - Independent Non Executive Director<BR>11. **B S Keshava Murthy** - Director<BR>12. **Babu Suresh Kumar S.** - Nominee (RBI)<BR>13. **C S Ram Kumar** - Nominee (RBI)<BR>14. **S Ravindran** - Independent Non Executive Director<BR>15. **Prakash Chandra Panda** - Company Secretary<BR><BR>This team comprises a mix of executive and non-executive directors, including independent directors and nominees from the Reserve Bank of India.

What does T N Merc. Bank do?

Tamilnad Mercantile Bank Ltd is a private sector bank established in 1921, with a recent net sales of ₹1,341.68 Cr and a net profit of ₹292 Cr as of March 2025, and a market capitalization of ₹7,156 Cr.

Overview:<BR>Tamilnad Mercantile Bank Ltd operates as a private sector bank within the mid-cap market segment.<BR><BR>History:<BR>The bank was incorporated on May 11, 1921, under the name 'Nadar Bank Limited' in Thoothukudi, Tamil Nadu. The latest quarterly results reported are for March 2025, showcasing the bank's performance in terms of sales and profit.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 1,341.68 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 292 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 7,156 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: N/A <BR>Dividend Yield: 0.00% <BR>Debt-Equity: N/A <BR>ROE: N/A <BR>Price-to-Book: N/A <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: Not available. <BR>Email: Not available. <BR>Website: Not available.

Who are the top shareholders of the T N Merc. Bank?

The top shareholders of T N Merc. Bank include individual investors holding 58.04% of shares, 108 foreign institutional investors with 4.58%, and a public shareholder in "Bucket 1 (court Cases)" holding 8.87%. There are no pledged promoter holdings or major promoters listed.

The top shareholders of T N Merc. Bank include a significant portion of individual investors, who hold 58.04% of the shares. Additionally, there are 108 foreign institutional investors (FIIs) with a combined holding of 4.58%. The highest public shareholder is categorized as "Bucket 1 (court Cases)," holding 8.87%. Notably, there are no pledged promoter holdings, and there are no major promoters with significant holdings listed. The bank's majority shareholders are classified as non-institutional.

How big is T N Merc. Bank?

As of 24th July, Tamilnad Mercantile Bank Ltd has a market capitalization of 7,272.00 Cr and reported a Net Profit of 1,182.61 Cr, with Shareholder's Funds at 9,008.69 Cr and Total Assets of 66,559.57 Cr. Net Sales data is unavailable.

As of 24th July, Tamilnad Mercantile Bank Ltd has a market capitalization of 7,272.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 0.00 Cr, indicating a lack of valid data for this metric. The Net Profit for the same period stands at 1,182.61 Cr.<BR><BR>The latest reporting period for the balance sheet is March 2025. Shareholder's Funds are valued at 9,008.69 Cr, while Total Assets amount to 66,559.57 Cr.

When is the next results date for T N Merc. Bank?

T N Merc. Bank will announce its results on 27 October 2025.

T N Merc. Bank will declare its results on 27 October 2025.

Are T N Merc. Bank latest results good or bad?

Tamilnad Mercantile Bank's latest results are mixed; it reported a net profit of ₹317.51 crores with improved asset quality, but a contraction in net interest margin and slower income growth raise concerns about future performance. Overall, the results indicate resilience in profitability but caution is warranted.

Tamilnad Mercantile Bank's latest results present a mixed picture. On the positive side, the bank reported a net profit of ₹317.51 crores for the quarter ending September 2025, which reflects a growth of 4.14% quarter-on-quarter and 4.73% year-on-year. Additionally, the bank's asset quality has improved, with gross non-performing assets (NPAs) declining to 1.22% from 1.37% a year earlier, and net NPAs falling to just 0.33%.<BR><BR>However, there are some concerns as well. The net interest margin has contracted to 3.84% from 4.25% a year earlier, indicating pressure on core banking profitability. While total income rose slightly by 0.25% quarter-on-quarter, the growth rate has moderated compared to previous quarters.<BR><BR>Overall, while the bank shows resilience in profitability and improving asset quality, the contraction in net interest margin and slower growth in income suggest challenges ahead. The results can be viewed as good in terms of profitability and asset quality, but the margin compression raises some caution about future performance.

How has been the historical performance of T N Merc. Bank?

T N Merc. Bank has shown consistent growth from Mar'20 to Mar'25, with interest earned rising from 3,466.11 Cr to 5,291.26 Cr, net interest income increasing from 1,319.52 Cr to 2,300.92 Cr, and profit after tax growing from 407.69 Cr to 1,182.61 Cr, alongside a significant rise in total assets and improved liquidity.

Answer:<BR>The historical performance of T N Merc. Bank shows a consistent growth trajectory in various financial metrics over the years.<BR><BR>Breakdown:<BR>T N Merc. Bank's interest earned increased from 3,466.11 Cr in Mar'20 to 5,291.26 Cr in Mar'25, reflecting a steady upward trend. The bank's net interest income also rose significantly, from 1,319.52 Cr in Mar'20 to 2,300.92 Cr in Mar'25. Total income followed suit, climbing from 3,992.58 Cr in Mar'20 to 6,141.75 Cr in Mar'25. Despite an increase in interest expended from 2,146.59 Cr in Mar'20 to 2,990.34 Cr in Mar'25, the profit before tax improved from 407.69 Cr to 1,574.89 Cr in the same period. Profit after tax also saw a notable rise, reaching 1,182.61 Cr in Mar'25 compared to 407.69 Cr in Mar'20. The bank's total assets grew from 42,758.80 Cr in Mar'20 to 66,559.57 Cr in Mar'25, while total liabilities increased from 42,758.80 Cr to 66,559.57 Cr as well. Cash and cash equivalents at the end of Mar'25 stood at 4,408.00 Cr, up from 3,736.00 Cr in Mar'20, indicating improved liquidity. Overall, T N Merc. Bank has demonstrated strong growth in income, profitability, and asset base over the years.

Is T N Merc. Bank technically bullish or bearish?

As of November 4, 2025, T N Merc. Bank's trend has shifted to bullish, supported by a bullish MACD and moving averages, though caution is advised due to a mildly bearish monthly MACD.

As of 4 November 2025, the technical trend for T N Merc. Bank has changed from sideways to bullish. The current stance is bullish with moderate strength. Key indicators driving this include a bullish MACD on the weekly chart and bullish moving averages on the daily chart. Additionally, the Bollinger Bands and Dow Theory both indicate a mildly bullish outlook on the weekly and monthly time frames. However, the monthly MACD remains mildly bearish, which suggests some caution. Overall, the positive price action, including today's high surpassing the previous close, supports the bullish sentiment.

Should I buy, sell or hold Tamilnad Mercantile Bank Ltd?

Why is Tamilnad Mercantile Bank Ltd falling/rising?

As of 19-Jan, Tamilnad Mercantile Bank Ltd's stock price is Rs 554.25, down 1.87%, reflecting a decline in investor interest and underperformance compared to the benchmark Sensex. Despite strong fundamentals, concerns about market confidence and reduced participation are contributing to the stock's downward trend.

As of 19-Jan, Tamilnad Mercantile Bank Ltd's stock price is falling, currently at Rs 554.25, which reflects a decrease of Rs 10.55 or 1.87%. This decline can be attributed to several factors. Over the past week, the stock has underperformed, showing a loss of 3.41%, while the benchmark Sensex has only decreased by 0.75%. Additionally, the stock's performance today has been notably weak, underperforming its sector by 1.44%. <BR><BR>Investor participation has also decreased, with the delivery volume dropping by 12.49% compared to the 5-day average, indicating reduced interest from investors. The stock touched an intraday low of Rs 552.5, which is a decline of 2.18% from its previous levels. Although the stock is close to its 52-week high, being only 3.9% away from Rs 575.85, the current negative momentum suggests that investors may be cautious.<BR><BR>Despite the bank's strong fundamentals, including a high Capital Adequacy Ratio and impressive quarterly results, the lack of domestic mutual fund investment—holding only 0%—raises concerns about broader market confidence in the stock at its current price. This combination of underperformance, declining investor participation, and cautious sentiment among institutional investors contributes to the stock's current downward trend.

Which are the latest news on T N Merc. Bank?