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Tamilnad Mercantile Bank share price & results

Tamilnad Mercantile Bank Limited· Financial Services

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

104-year-old Tamil Nadu private bank; 622 branches across retail, agri, MSME and gold-loan lending.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,820 ₹ crore+28.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit451 ₹ crore+41.8% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity14.66 %+0.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)18.80 %+0.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

8 of 10 judged targets kept · 19 open · verdicts reflect calls analysed to Q1 FY27.

Tamilnad Mercantile Bank Limited management guidance track record on Inve: 29 targets tracked across analysed earnings calls (8 achieved, 2 missed, 19 open).

TargetOriginal wordingSaidLatest callVerdict
Advances Growth FY2716-17%
Call transcript, Q3 FY26 · 4 Feb 2026		Q3 FY26Q1 FY27:Revised guidance upwards to 21-22% for FY27.
Call transcript, Q1 FY27 · 27 Jul 2026		Revised Up
Advances Growth FY26closer to 15%
Call transcript, Q1 FY26 · 28 Jul 2025		Q1 FY26Q4 FY26:Achieved 20.32%, significantly exceeding the final guidance.
Call transcript, Q4 FY26 · 27 Apr 2026		Achieved
New Branches FY2630-36
Call transcript, Q2 FY26 · 28 Oct 2025		Q2 FY26Q4 FY26:Opened 44 branches, missing the revised target of 50+.
Call transcript, Q4 FY26 · 27 Apr 2026		Missed

Source: Inve Guidance Tracker for Tamilnad Mercantile Bank Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Tamilnad Mercantile Bank Limited's 29 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 26 more targets are in the full ledger.

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Price

₹804.05 +0.42% · +₹3.4

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +78.6% 1Y

₹600₹800Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 28 Oct 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 27 Jul 2026

1Y: ₹450.15 on 24 Oct 2025 → ₹804.05. High ₹942.45 (3 Sept 2026), low ₹450.15 (24 Oct 2025).

Previous close
₹800.65
Market cap
₹12.7k Cr
52-week range
₹457.3 – ₹942.45
One year
+75.83%
Price to earnings (TTM to Sept 2026)
8.06×
Return on equity (TTM to Sept 2026)
14.66%

Overview

Symbol
NSE:TMB
Exchange
NSE
Currency
INR

What Tamilnad Mercantile Bank Limited does

Based on the company's own presentations, annual report and earnings calls.

Tamilnad Mercantile Bank is a Thoothukudi (Tamil Nadu)-headquartered private sector bank incorporated in 1921 and listed on NSE/BSE since 2022. It operates a branch-led banking model earning interest income by taking retail deposits (including CASA) and lending across retail, agriculture, MSME and gold (jewel) loan segments, largely within Tamil Nadu with an expanding presence outside the state. Credit processing and monitoring is run through a hub-and-spoke network of Regional Credit Management Centres (CMCs) rather than at individual branches, with the loan book almost entirely secured/collateralised.

Segments

  • Retail
  • Agriculture
  • MSME
  • Gold (Jewel) Loans
Branch network
622 branches
New branches opened in FY26
44 (15 outside Tamil Nadu)
Regional Credit Management Centres (CMCs)
12, hub-and-spoke, each covering ~50 branches
IT architecture
Dual-city setup — Chennai/Ambattur (Kosmo One core IT ops, cloud, ATM cell) and Chennai/Anna Nagar (digital hub for internet/mobile banking, UPI, digital acquisition)
Core banking platform
Finacle CBS with centralised database, 622+ branches on 100% connectivity
Share of transactions via digital channels
96.85%
Founded 1921Headquarters Thoothukudi, Tamil Nadu, India Company website

How the price took the results

close before → close after

Q1 FY27
+11.1%
27 Jul
Q4 FY26
+9.0%
27 Apr
Q3 FY26
+4.5%
4 Feb
Q2 FY26
+2.0%
28 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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