More about Tamilnad Mercantile Bank Limited
Regulatory Filings for Tamilnad Mercantile Bank Limited
Fundamentals for Tamilnad Mercantile Bank Limited
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Fundamentals for Tamilnad Mercantile Bank Limited
Business Operations:
Sector: Financial ServicesIndustry: Banks - Regional
Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through Treasury, Corporate/Wholesale Banking, and Retail Banking segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading account, portfolio management, POS terminal, e-tax payment, online bill payment, mutual fund, insurance, sovereign gold bond scheme, forex, and Internet and mobile banking services. It also provides home, car, two-wheeler, personal, LAP, pension, pharma and health care, education, gold, jewel, commercial vehicle, traders and service, MSME, rice and dhall mill, NRI, doctor, agricultural, green energy, and Mahalir loans, and sovereign gold bonds secured overdraft facilities; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited on November 26, 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.
Revenue projections:
Not availableFinancial Ratios:
| currentRatio | 0.00000 |
|---|---|
| forwardPE | 0.00000 |
| debtToEquity | 0.00000 |
| earningsGrowth | 0.13800 |
| revenueGrowth | 0.11200 |
| grossMargins | 0.00000 |
| operatingMargins | 0.55521 |
| trailingEps | 79.28000 |
| forwardEps | 0.00000 |
Positive earnings and revenue growth for TMB suggest that the company is expected to grow its business. This trend reflects strong financial performance, with continued profitability and sales increases indicating a bright outlook for future expansion.
Insider Transactions:
Tamilnad Mercantile Bank Limited experienced 1 sell transactions with market price of 669.0499877929688 per share.4 separate purchases of Tamilnad Mercantile Bank Limited stock were made, while market price was at 547.4499969482422 per share.The ongoing selling activity at Tamilnad Mercantile Bank Limited's current price levels suggests a potential risk of further declines. If more investors continue to sell, this trend could lead to continued downward pressure on the stock's price.
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