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Old private sector bank rooted in the Nadar trading community, focused on retail and SME lending in Tamil Nadu.
Old private sector bank rooted in the Nadar trading community, focused on retail and SME lending in Tamil Nadu.
Earns mainly from the gap between the interest it charges on loans and pays on deposits, lending to small businesses and against gold, chiefly within Tamil Nadu. Based in Thoothukudi, it is a long-established bank that listed on the stock market in September 2022.
In one line: A community-rooted South Indian regional bank.
Moat: narrow (distribution, scale). Deep-rooted relationships in Tamil Nadu's trading community built over nearly a century.
Headquarters: Thoothukudi, India · Founded: 1921 · Employees: 4,799
Size Tamilnad Mercantile Bank (TMB.NS) is an India Financials company (Regional Banks) with a market value of $1.39B, the 492nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹827.40 on 6 Nov 2026.
Performance Over six months the shares gained 11.3%, against +3.2% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 17.6% over the last twelve months (peer median +4.7%); the operating margin is 55.7% (peer median 33.1%).
Valuation It trades at 1.22× book value against a peer median of 1.03× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 14.6%; Tamilnad Mercantile Bank delivers 15.6%, so the price asks less than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹74.1B | ₹66.9B | ₹61.4B | ₹54.7B | ₹47.1B |
| Revenue growth | — | +9% | +12% | +16% | — |
| Net income | ₹15.8B | ₹13.4B | ₹11.8B | ₹10.7B | ₹10.3B |
| Free cash flow | n/a | ₹14.8B | ₹16.4B | ₹10.9B | ₹5.19B |
| Capital expenditure | n/a | ₹1.28B | ₹1.05B | ₹1.01B | ₹896M |
| Total debt | ₹22.3B | ₹12.0B | ₹5.00B | ₹13.0B | ₹5.25B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Tamilnad Mercantile Bank TMB.NS | $1.39B | +11% | +18% | 16% | 1.22× | 14.6% |
| City Union Bank CUB.NS | $2.31B | +8% | +22% | 14% | 1.94× | 29.8% |
| Karur Vysya Bank KARURVYSYA.NS | $3.80B | +18% | +14% | 21% | 2.32× | 30.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TMB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | -1.7% | 6th lowest of 21 |
| 6-month return | +11.3% | +3.2% | 7th highest of 21 |
| Return on equity | 15.6% | 10.8% | 3rd highest of 21 |
| Price / book | 1.22× | 1.03× | 10th most expensive of 21 |
| Trailing P/E | 8.3× | 11.4× | 7th cheapest of 20 |
| ROE the price implies | 14.6% | 9.2% | 3rd most demanding of 21 |
| ROE delivered | 15.6% | 10.9% | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Tamilnad Mercantile Bank TMB.NS | India | $1.39B | +11% | +18% | 16% | 1.22× | 14.6% | 15.6% |
| Peoples Bancorp PEBO | United States | $1.39B | +12% | 0% | 10% | 1.13× | 8.5% | 10.0% |
| Jiangsu Zijin Rural Commercial Bank 601860.SS | China | $1.39B | -6% | -9% | 6% | 0.43× | 2.9% | 5.7% |
| Westamerica Bancorporation WABC | United States | $1.38B | +9% | -4% | 13% | 1.75× | 11.3% | 12.9% |
| Burke Herbert Financial Services BHRB | United States | $1.41B | +10% | +14% | 10% | 1.23× | 7.1% | 10.5% |
| Tompkins Financial TMP | United States | $1.43B | +16% | -15% | 21% | 1.52× | 11.5% | 20.9% |
| First Mid Bancshares FMBH | United States | $1.35B | +15% | +15% | 11% | 1.23× | 10.1% | 10.9% |
| HBT Financial HBT | United States | $1.35B | +30% | +23% | 13% | 1.78× | 10.1% | 13.2% |
| Jammu & Kashmir Bank J&KBANK.NS | India | $1.44B | -12% | +6% | 15% | 0.77× | 12.1% | 14.5% |
| CCI 7381.T | Japan | $1.44B | +7% | +49% | 7% | 0.83× | 4.1% | 7.1% |
| Musashino Bank 8336.T | Japan | $1.47B | -3% | +31% | 6% | 0.82× | 6.0% | 5.8% |
| Amalgamated Financial AMAL | United States | $1.47B | +18% | +12% | 15% | 1.77× | 13.0% | 15.3% |
| Zhongyuan Bank 1216.HK | Hong Kong | $1.31B | -15% | 0% | 4% | 0.10× | 3.3% | 3.6% |
| Jiangsu Suzhou Rural Commercial Bank 603323.SS | China | $1.50B | -1% | -7% | 11% | 0.49× | 2.3% | 10.7% |
| Karnataka Bank KTKBANK.NS | India | $1.28B | +20% | +3% | 12% | 0.87× | 12.6% | 11.7% |
| Lakeland Financial LKFN | United States | $1.51B | -1% | +2% | 15% | 2.07× | 14.8% | 15.4% |
| Bank of Tianjin 1578.HK | Hong Kong | $1.52B | -22% | -4% | 5% | 0.14× | 3.3% | 5.2% |
| Community Trust Bancorp CTBI | United States | $1.26B | +4% | +8% | 13% | 1.43× | 9.8% | 12.9% |
| K Bank 279570.KS | South Korea | $1.53B | -18% | 0% | 6% | 0.93× | 5.3% | n/a |
| Yibin City Commercial Bank 2596.HK | Hong Kong | $1.55B | +2% | +6% | 6% | 0.91× | 5.1% | 5.5% |
| Ujjivan Small Finance Bank UJJIVANSFB.NS | India | $1.23B | -5% | +21% | 17% | 1.53× | 23.8% | 16.6% |