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Tamilnad Mercantile Bank Limited Analysis (TMB.NS)
Is Tamilnad Mercantile Bank Limited a good investment? Tamilnad Mercantile Bank Limited (TMB.NS) is currently trading at 841.25 INR.
In terms of valuation, the stock trades at a P/E ratio of 9.32. This relatively low multiple may signal that Tamilnad Mercantile Bank Limited is undervalued compared to historical market norms.
For income investors, Tamilnad Mercantile Bank Limited pays a dividend yield of 1.49%. With a payout ratio of 12%, the dividend appears sustainable.
Investor FAQ
Does Tamilnad Mercantile Bank Limited pay a dividend?
Yes, it pays an annual dividend of 12.50 INR (1.49% yield).
What asset class is Tamilnad Mercantile Bank Limited?
Tamilnad Mercantile Bank Limited is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.
Company Profile
Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, mutual fund, insurance, portfolio management, online bill payment, sovereign gold bond scheme, forex, e-tax payment, e-stamping, SMS alert, POS terminal, and Internet and mobile banking services. It also provides home, car, two wheeler, personal, LAP, pension, gold overdraft, education, jewel, traders and services, MSME, vyapari, GST, commercial vehicles, rice and dhall mill, Mahalir, doctor, genset, pharma and healthcare, green energy, smart business, and agricultural loans, as well as loans against sovereign gold bonds and secured overdraft facilities; NRI products; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited in November 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.
| Year | Total Dividends |
|---|---|
| ▸2027 |
12.50 INR
|
| July 16, 2027 (estimated) | 12.5000 |
| ▸2026 |
12.50 INR
|
| July 16, 2026 | 12.5000 |
| ▸2025 |
11.00 INR
|
| Aug. 20, 2025 | 11.0000 |
| ▸2024 |
10.00 INR
|
| Oct. 8, 2024 | 10.0000 |
| ▸2023 |
10.00 INR
|
| Sept. 12, 2023 | 5.0000 |
| March 16, 2023 | 5.0000 |
| Name | Payment Date | Status | Amount |
|---|---|---|---|
| Tamilnad Mercantile Bank Limited | Jul 16, 2026 | Paid | 12.5 INR |
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