As we journey through this article, we’ll uncover the factors influencing this bank’s stock price prediction. But that’s not all – we’ll also explore the bank’s shareholding pattern, where public investors and institutional players come into play.
But what does all of this mean for the broader economy? That’s where things get fascinating. Banks like Tamilnad Mercantile Bank. aren’t just financial institutions; they’re the engines that power economic progress. Their stability and growth potential are closely intertwined with the prosperity of our nation.
About Tamilnad Mercantile Bank
Tamilnad Mercantile Bank Limited (TMB), established nearly a century ago, stands as one of India’s foremost private sector banks with a robust presence across the country. As of FY22, TMB operates a network of 509 branches, serving 5.08 million customers, primarily concentrated in Tamil Nadu but extending to 15 other states and 4 union territories.
The bank’s portfolio includes a diverse range of asset and deposit products, with a strategic focus on small ticket size loans for retail, agricultural, MSME, and corporate sectors. TMB maintains strong financial health with key ratios like GNPA at 1.69% and NPA at 0.95%, positioning itself for future growth through an upcoming IPO aimed at raising ₹830 crores
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| When | Maximum Price | Minimum Price |
| June 2024 | 522.72 | 454.54 |
| July 2024 | 517.49 | 449.99 |
| August 2024 | 538.19 | 467.99 |
| September 2024 | 559.72 | 486.71 |
| October 2024 | 548.75 | 477.17 |
| November 2024 | 565.21 | 491.48 |
| December 2024 | 579.34 | 503.77 |
As of June 2024, Tamilnad Mercantile Bank’s share price fluctuates between ₹454.54 and ₹579.34, with analysts projecting a maximum of ₹579.34 and a minimum of ₹449.99 by December 2024.
The bank’s market capitalization stands at ₹7,671 crore, with a current share price of ₹484. The stock’s high and low for the period are ₹611 and ₹402 respectively, while its P/E ratio is 7.14. The book value per share is ₹438, offering a dividend yield of 1.04%. Additionally, TMB shows a ROCE of 7.41% and ROE of 15.5%, with a face value of ₹10.
| When | Maximum Price | Minimum Price |
| January 2025 | 590.92 | 454.56 |
| February 2025 | 606.08 | 466.21 |
| March 2025 | 629.71 | 484.40 |
| April 2025 | 617.37 | 474.90 |
| May 2025 | 599.38 | 461.07 |
| June 2025 | 626.36 | 481.81 |
| July 2025 | 614.08 | 472.37 |
| August 2025 | 633.07 | 486.97 |
| September 2025 | 655.22 | 504.02 |
| October 2025 | 672.26 | 517.12 |
| November 2025 | 689.07 | 530.05 |
| December 2025 | 706.29 | 543.30 |
In 2025, Tamilnad Mercantile Bank’s share price is projected to range between ₹454.56 and ₹706.29. Analysts foresee gradual growth, with the maximum price anticipated in December 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 727.48 | 559.60 |
| February 2026 | 746.14 | 573.95 |
| March 2026 | 775.24 | 596.33 |
| April 2026 | 760.03 | 584.64 |
| May 2026 | 737.90 | 567.61 |
| June 2026 | 771.10 | 593.16 |
| July 2026 | 755.98 | 581.53 |
| August 2026 | 779.36 | 599.51 |
| September 2026 | 806.64 | 620.49 |
| October 2026 | 827.61 | 636.63 |
| November 2026 | 848.31 | 652.54 |
| December 2026 | 869.51 | 668.86 |
In 2026, Tamilnad Mercantile Bank’s share price targets indicate a bullish trend, with projections ranging from ₹559.60 to ₹869.51 throughout the year. Analysts foresee steady appreciation, reflecting optimistic market outlook and potential growth drivers for the bank’s stock performance over the twelve-month period.
| When | Maximum Price | Minimum Price |
| January 2027 | 886.90 | 682.23 |
| February 2027 | 909.64 | 699.73 |
| March 2027 | 945.12 | 727.02 |
| April 2027 | 926.59 | 712.76 |
| May 2027 | 899.60 | 692.00 |
| June 2027 | 940.08 | 723.14 |
| July 2027 | 921.65 | 708.96 |
| August 2027 | 950.15 | 730.89 |
| September 2027 | 983.41 | 756.47 |
| October 2027 | 1,008.98 | 776.14 |
| November 2027 | 1,034.20 | 795.54 |
| December 2027 | 1,060.06 | 815.43 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,081.26 | 831.74 |
| February 2028 | 1,108.98 | 853.06 |
| March 2028 | 1,152.23 | 886.33 |
| April 2028 | 1,129.64 | 868.95 |
| May 2028 | 1,096.74 | 843.65 |
| June 2028 | 1,146.09 | 881.61 |
| July 2028 | 1,123.62 | 864.32 |
| August 2028 | 1,158.37 | 891.05 |
| September 2028 | 1,198.91 | 922.24 |
| October 2028 | 1,230.09 | 946.22 |
| November 2028 | 1,260.84 | 969.88 |
| December 2028 | 1,292.36 | 994.12 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,318.21 | 1,014.00 |
| February 2029 | 1,352.01 | 1,040.00 |
| March 2029 | 1,404.73 | 1,080.56 |
| April 2029 | 1,377.19 | 1,059.38 |
| May 2029 | 1,337.08 | 1,028.52 |
| June 2029 | 1,397.25 | 1,074.81 |
| July 2029 | 1,369.85 | 1,053.73 |
| August 2029 | 1,412.22 | 1,086.32 |
| September 2029 | 1,461.64 | 1,124.34 |
| October 2029 | 1,499.65 | 1,153.57 |
| November 2029 | 1,537.14 | 1,182.41 |
| December 2029 | 1,575.57 | 1,211.97 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,607.08 | 1,236.21 |
| February 2030 | 1,648.28 | 1,267.91 |
| March 2030 | 1,712.57 | 1,317.36 |
| April 2030 | 1,678.99 | 1,291.53 |
| May 2030 | 1,630.09 | 1,253.91 |
| June 2030 | 1,703.44 | 1,310.34 |
| July 2030 | 1,670.04 | 1,284.64 |
| August 2030 | 1,721.69 | 1,324.38 |
| September 2030 | 1,781.95 | 1,370.73 |
| October 2030 | 1,828.28 | 1,406.37 |
| November 2030 | 1,873.99 | 1,441.53 |
| December 2030 | 1,920.84 | 1,477.57 |
Tamilnad Mercantile Bank Financial Condition (Last 5 Years)
| Financials | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|
| Revenue (Rs. Crores) | 3,224 | 3,466 | 3,609 | 3,834 | 4,081 | 4,848 |
| Interest (Rs. Crores) | 1,994 | 2,147 | 2,072 | 2,019 | 1,987 | 2,697 |
| Expenses + (Rs. Crores) | 1,350 | 1,231 | 1,355 | 1,470 | 1,276 | 1,402 |
| Financing Profit (Rs. Crores) | -120 | 89 | 183 | 346 | 818 | 749 |
| Financing Margin % | -4% | 3% | 5% | 9% | 20% | 15% |
| Other Income + (Rs. Crores) | 414 | 526 | 644 | 812 | 629 | 645 |
| Depreciation (Rs. Crores) | 36 | 30 | 29 | 33 | 54 | 0 |
| Profit before tax (Rs. Crores) | 259 | 585 | 798 | 1,125 | 1,394 | 1,394 |
| Tax % | 0% | 30% | 24% | 27% | 26% | 23% |
| Net Profit + (Rs. Crores) | 259 | 408 | 603 | 822 | 1,029 | 1,072 |
| EPS in Rs | 18.14 | 28.61 | 42.34 | 57.67 | 65.00 | 67.70 |
| Dividend Payout % | 13% | 13% | 0% | 9% | 8% | 15% |
Over the past five years, Tamilnad Mercantile Bank has demonstrated a consistent upward trajectory in its financial performance. Revenue has steadily increased from ₹3,224 crores in March 2019 to ₹4,848 crores by March 2024, reflecting the bank’s growth in business activities. Despite fluctuations in interest and expenses, the bank has managed to enhance its financing profit significantly, reaching ₹749 crores in 2024 from a deficit of ₹120 crores in 2019. This improvement is mirrored in the rising profit before tax, which surged from ₹259 crores to ₹1,394 crores over the same period.
Notably, the bank achieved a notable rise in net profit, escalating from ₹259 crores to ₹1,072 crores, reinforcing its financial stability and growth prospects.
FAQs
What Is The Current Stock Price of The Bank?
The current stock price for the company stands at ₹484.
The share price target for 2025 shows a range from ₹454.56 to ₹706.29, reflecting significant fluctuations throughout the year.
The share price target for 2030 exhibits a substantial range, with prices fluctuating between ₹1,236.21 and ₹1,920.84 during the year.
What Is The Tamilnad Mercantile Bank Price-to-Earnings ratio?
The company’s Price-to-Earnings (P/E) ratio is 7.14.
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Should One Invest In Tamilnad Mercantile Bank?
Investing in Tamilnad Mercantile Bank could be considered a promising opportunity based on several factors. The bank has shown consistent growth in revenue and profitability over the past five years, with a notable increase in net profit and a robust financial health indicated by key ratios like GNPA and NPA.
Analysts project a bullish trend in the bank’s stock price targets, foreseeing potential appreciation from ₹484 (current price as of June 2024) to as high as ₹869.51 by December 2026 and further to ₹1,920.84 by December 2030. This growth outlook, coupled with the bank’s strategic initiatives like an upcoming IPO to raise capital, suggests a positive trajectory for potential investors seeking long-term growth in the banking sector. However, as with any investment, it’s advisable to conduct thorough research and consider individual financial goals and risk tolerance before making a decision.
What did we learn?
- 1 About Tamilnad Mercantile Bank
- 2 How to purchase Tamilnad Mercantile Bank shares?
- 3 Tamilnad Mercantile Bank Share Price Target 2024 – 2030
- 3.1 Tamilnad Mercantile Bank Share Price Target 2024
- 3.2 Tamilnad Mercantile Bank Share Price Target 2025
- 3.3 Tamilnad Mercantile Bank Share Price Target 2026
- 3.4 Tamilnad Mercantile Bank Share Price Target 2027
- 3.5 Tamilnad Mercantile Bank Share Price Target 2028
- 3.6 Tamilnad Mercantile Bank Share Price Target 2029
- 3.7 Tamilnad Mercantile Bank Share Price Target 2030
- 4 Tamilnad Mercantile Bank Financial Condition (Last 5 Years)
- 5 FAQs
- 6 Should One Invest In Tamilnad Mercantile Bank?
