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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Tamilnad Mercantile Bank Limited (the Bank) is engaged in providing banking and financial services, including retail, corporate banking, and para-banking activities, as well as treasury and foreign exchange business. Its segments include Treasury segment, which comprises…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, slow-growing business, priced for perfection.
Tamilnad Mercantile Bank is scored on the bank / lender framework. It keeps a healthy 20.0% of every rupee of sales as net profit.
Over the last 3 years revenue compounded at 12%/yr and profit at 9%/yr. Book value has grown 13%/yr. Return on equity is a healthy 14.7%. In the latest quarter profit grew 10% versus the prior quarter.
At 10× earnings, the stock sits at the 94th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price asks for only ~-3%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 8.31 | 10.03 | better |
| P/B | 1.22 | 1.4 | better |
| ROE | 14.65 | 9.98 | better |
| ROA | 1.93 | 0.92 | better |
| NIM | 3.56 | 4.25 | worse |
| Net NPA | 0.18 | 0.79 | better |
| CASA | 28.14 | 30.48 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| HDFC Bank | 14.5 | 2.0 | 13.8% |
| Icici Bank | 17.9 | 2.9 | 16.0% |
| SBI | 10.0 | 1.5 | 13.8% |
Not applicable for this sector.
Revenue has grown every year across all 4 financial years shown. 12% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder. Revenue is outpacing profit (12% vs 9%) — costs are rising faster than the top line.
Operating margin has compressed from 30% to 27% — costs or competition are eating into profitability.
7% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
3 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 8% sequentially — momentum is building. Run-rate stepping up — recent quarters average 14% above earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.