Tamilnad Mercantile Bank

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated AA- to A+ by 2 agencies.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 20% and profit rose 35% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• ValuationNormal for this stockThe share trades at 7.9 times its yearly earnings (P/E), pricier than 69% of the time in the last 4 years. Its usual P/E is about 7.

Tamilnad Mercantile Bank against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)7.9 against a typical 12.2: cheaper than most peers (1st = cheapest).5th of 20
• Sales growth+19.9% against a typical +16.2% from a year earlier.6th of 20
• Profit growth+35.1% against a typical +34.9% from a year earlier.9th of 19
• Share price, 3 months−4.9% against a typical −3.9%.12th of 20
• Size₹ 12,607.5 Cr. market value against a typical ₹ 32,210 Cr. (1st = largest).13th of 17

Exchange filings and their impact on the company.

• 26 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice +0.4% that day
  Strong Q2 with 42% profit growth and cleaner asset quality points to ~30%+ earnings upside.

  Tamilnad Mercantile Bank reported Q2 FY27 net profit of Rs 451.1 crore, up 42% from a year ago, on total income of Rs 2052.4 crore, up 27%. Advances grew 30% year-on-year to Rs 60429 crore and deposits grew 26% to Rs 69546 crore, while Gross NPA fell to 0.61% from 1.01% and ROA improved to 2.18%. The strong growth and cleaner balance sheet support materially higher revenue and profit over the next year.

  Full analysisFiling
• 9 Oct 2026General UpdatesLow impactNeutralPrice +2.3% that day
  TMB to open one new branch, with negligible near-term financial impact.

  Tamilnad Mercantile Bank informed the exchanges on 9 October 2026 that it will open a new branch under Regulation 30. No financial details were disclosed in the intimation. For a bank of TMB's scale, with FY26 revenue of Rs 5,819 crore, a single branch addition implies only a marginal expansion of the distribution footprint with negligible impact over the next 12 months.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Salee Sukumaran Nair

Chief Executive Officer, Managing Director

Sanjoy Kumar Goel

Chief Financial Officer

Swapnil Ashok Yelgaonkar

Compliance Officer, Company Secretary

Laxman Karkala Kudva

Chief Risk Officer

Vincent Menachery Devassy

Whole Time Director

S. Balasubramanian ..

Data Protection Officer

John J. Mathews

Chief Security Officer