Tamilnad Mercantile Bank Limited (TMB)

Price	537.80 -9.05 (-1.65%)	52 Week High	611.35
ISIN	INE668A01016	52 Week Low	399.00
Industry	Regional Banks	Volume	270.8 T
Sector	Finance	P/E Ratio TTM	7.89
Market Cap	86.6 B	1 Year Beta	0.31

Tamilnad Mercantile Bank Limited (TMB) is a regional rural bank headquartered in Karur, Tamil Nadu, India. The bank was founded in 1975 and has a network of over 600 branches across India. TMB is a well-established and respected player in the Indian banking sector. The bank has a strong track record of innovation and customer service. TMB is also well-positioned to capitalize on the growth of the Indian banking sector.

In 2023, TMB announced that it would be investing ₹1,000 crore in a new technology platform. The new platform will be used to improve the bank’s customer service and efficiency. The new platform is expected to be completed in 2025.

TMB is a good investment for investors looking for exposure to the growing Indian banking sector. The bank has a strong track record of innovation and customer service, a well-established customer base, and a clear growth strategy. TMB is also well-positioned to benefit from the growth of the Indian banking sector.

Here are some of the key factors that make TMB a good investment:

Strong track record of innovation and customer service: TMB has a long history of innovation and customer service. The bank has a strong reputation for delivering high-quality products and services to its customers.
Well-established customer base: TMB has a well-established customer base of over 5 million customers.
Market share: TMB has a market share of over 2% in the Indian banking sector. This gives the bank a strong bargaining position with its customers.
Strong financial position: TMB has a strong financial position with a net debt-to-equity ratio of less than 0.5. This gives the bank the financial flexibility to pursue growth opportunities.
Clear growth strategy: TMB has a clear growth strategy focused on expansion into new markets, acquisitions, and investments in research and development. This strategy is likely to drive growth in the coming years.

Overall, TMB is a good investment for investors looking for exposure to the growing Indian banking sector. The bank has a strong track record of innovation and customer service, a well-established customer base, a clear growth strategy, and a strong financial position.

Here are some of the risks associated with investing in TMB:

Volatility of the banking sector: The banking sector is cyclical and can be volatile. This can impact TMB’s profitability and stock price.
Competition: The banking sector is highly competitive. TMB faces competition from both domestic and international banks.
Regulatory changes: The banking sector is highly regulated. TMB needs to comply with all applicable regulations in order to avoid fines and penalties.
Political instability: India is a developing country with a history of political instability. This can impact TMB’s business operations and profitability.

Investors should carefully consider these risks before investing in TMB.

Tamilnad Mercantile Bank Limited (TMB) Chart

Technical Analysis of Tamilnad Mercantile Bank Limited (TMB)

Moving Averages

Period	Simple	Exponential
MA 5	545.60	547.19
MA 10	561.23	553.14
MA 20	558.04	547.54
MA 30	537.74	535.17
MA 50	498.76	512.77
MA 100	460.45	483.62
MA 200	458.20	476.69

Moving Average Rating

Technical Indicators

Name	Value	Name	Value
Aroon Up (14)	42.86	Aroon Down (14)	71.43
MACD Level (12, 26)	13.13	MACD Signal (12, 26)	21.05
Relative Strength Index (7)	32.99	Relative Strength Index (14)	49.47
Stochastic %D (14 3 3)	23.09	Stochastic %K (14 3 3)	19.68
Stochastic RSI Fast (3, 3, 14, 14)	0.11	Stochastic RSI Slow (3, 3, 14, 14)	1.73
Bollinger Upper Band (20)	600.35	Bollinger Lower Band (20)	515.73
Keltner Channels Upper Band (20)	595.99	Keltner Channels Lower Band (20)	499.09
Donchian Channels Upper Band (20)	611.35	Donchian Channels Lower Band (20)	516.95
Ichimoku Conversion Line (9, 26, 52, 26)	569.32	Ichimoku Base Line (9, 26, 52, 26)	541.67
Ichimoku Leading Span A (9, 26, 52, 26)	458.01	Ichimoku Leading Span B (9, 26, 52, 26)	445.18
Positive Directional Indicator (14)	24.17	Negative Directional Indicator (14)	20.29
Volume Weighted Average Price	542.93	Volume Weighted Moving Average 20	555.19

Oscillator Rating

Oscillators

Awesome Oscillator	24.32
Ultimate Oscillator (7,14,28)	27.21
Money Flow (14)	45.50
Chaikin Money Flow (20)	-0.15
Commodity Channel Index (20)	-61.04
Bull Bear Power	-15.32

High / Low

1 Month	611.35	516.95
3 Month	611.35	402.35
6 Month	611.35	399.00
52 Week	611.35	399.00
All Time	611.35	399.00

Volume

Volume	270.8 T
Average 10 D	560.7 T
Average 30 D	671.1 T
Average 60 D	413.9 T
Average 90 D	299.7 T

Change/Volatility

Change	-9.05 (-1.65%)
Change 1W	-8.05 (-1.47%)
Change 1M	-8.85 (-1.62%)
Volatility	3.93
Volatility W	4.36

Performance

Yesterday	10.31
Weekly	-2.22
Monthly	0.06
3 Month	23.35
6 Month	28.35
Yearly	9.04
5 Year	8.65
All Time	8.65

Misc.

Average Day Range (14)	24.71
Average Directional Index (14)	40.77
Average True Range (14)	23.00
Williams Percent Range (14)	-87.51
Rate Of Change (9)	-9.43
Hull Moving Average (9)	538.19
Momentum (10)	-51.30
Parabolic SAR	604.83

PIVOT POINTS of Tamilnad Mercantile Bank Limited (TMB)

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	240.55	381.55	464.10	522.55	605.10	663.55	804.55
Fibonacci	381.55	435.41	468.69	522.55	576.41	609.69	663.55
Camarilla	507.88	520.80	533.73	522.55	559.58	572.50	585.43
Woodie's	334.40	387.20	475.40	528.20	616.40	669.20	757.40
DeMark's	-	-	493.33	537.16	634.33	-	-

Financial Analysis of Tamilnad Mercantile Bank Limited (TMB)

Income Statement

Basic EPS (FY)	65.00
Basic EPS (TTM)	68.13
EPS Diluted (Annual YoY Growth)	12.70
EPS Diluted (FY)	65.00
EPS Diluted (Quarterly QoQ Growth)	3.23
EPS Diluted (Quarterly YoY Growth)	0.38
EPS Diluted (TTM)	68.13
Free Cash Flow (Annual YoY Growth)	-48.58
Free Cash Flow Margin (FY)	11.02
Last Year Revenue (FY)	47.1 B
Revenue (Annual YoY Growth)	1.15
Revenue (Quarterly QoQ Growth)	5.49
Revenue (Quarterly YoY Growth)	15.86
Net Income (Annual YoY Growth)	25.23
Net Income (FY)	10.3 B
Net Income (Quarterly QoQ Growth)	3.23
Net Income (Quarterly YoY Growth)	11.54
Total Revenue (FY)	47.1 B

Valuation

Enterprise Value (MRQ)	42.8 B
Number of Shareholders	20,934.00
Shares Float	109.2 M
Price to Book (FY)	1.23
Price to Book (MRQ)	1.18
Price to Earnings Ratio (TTM)	7.89
Price to Revenue Ratio (TTM)	1.74
Price to Sales (FY)	1.81
Total Shares Outstanding	158.4 M

Balance Sheet

Debt to Equity Ratio (MRQ)	0.03
Net Debt (MRQ)	-26,618,800,000.00
Total Assets (Annual YoY Growth)	9.53
Total Assets (MRQ)	576.9 B
Total Assets (Quarterly QoQ Growth)	-0.35
Total Current Assets (MRQ)	32.6 B
Total Debt (Annual YoY Growth)	588.5 T
Total Debt (MRQ)	2.1 B
Total Debt (Quarterly QoQ Growth)	-60.86
Total Liabilities (FY)	509.7 B
Total Liabilities (MRQ)	505 B

Operating Metrics

Dividends

Dividend Yield Forward	1.83
Dividends Paid (FY)	-2,216,900,000.00
Dividends per Share (FY)	10.00

Margins

Net Margin (FY)	21.85
Net Margin (TTM)	21.60
Operating Margin (FY)	29.59
Operating Margin (TTM)	28.94
Pretax Margin (TTM)	28.94

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Tamilnad Mercantile Bank Limited (TMB)

Tamilnad Mercantile Bank Limited (TMB) Chart