Tamilnad Mercantile Bank Ltd
About
Tamnilnad Mercantile Bank Limited, headquartered in Thoothukudi, Tamil Nadu, is a private-sector bank established in 1921. Earlier called Nadar Bank Limited, the firm’s name was changed to its present iteration in 1962 to appeal to customers beyond the Nadar community. The company’s first international venture was shortlived, leading to the closure of the Sri Lanka branch in 1939 after 2 years of service. Now, the bank operates exclusively in India with 572 branches and 1600+ ATMs spread across the country. These facilities are supported by 12 regional offices and 2 central processing centres. Tamilnad Mercantile Bank also holds the distinction of being the RBI’s first treasure chest amongst South Indian private sector banks to be equipped with robotics.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5493 16.6% | 4710 1.4% | 4646 9.2% | 4253 6.5% | 3993 9.7% | 3639 -3.1% | 3757 -1.4% | 3811 6.7% | 3571 14.2% | 3127 7.0% | 2923 7.5% | 2719 28.6% | 2114 35.6% | 1559 20.8% | 1291 15.5% | 1118 - |
| Net Operating Income (INR Cr) | 4848 18.79% | 4081 6.45% | 3834 6.23% | 3609 4.12% | 3466 7.49% | 3224 -0.80% | 3250 -3.86% | 3381 3.96% | 3252 14.69% | 2836 4.92% | 2703 9.40% | 2470 31.24% | 1882 37.30% | 1371 22.59% | 1118 14.46% | 977 - |
| Profit (INR Cr) | 1072 4.2% | 1029 25.2% | 822 36.2% | 603 48.0% | 408 57.7% | 259 16.5% | 222 -29.9% | 317 -21.3% | 402 6.0% | 379 26.1% | 301 -31.7% | 440 40.5% | 313 24.9% | 251 36.0% | 185 22.9% | 150 - |
| Assets (INR Cr) | 61552 6.3% | 57895 9.5% | 52859 11.2% | 47527 11.2% | 42759 5.5% | 40533 6.9% | 37920 2.5% | 36984 4.9% | 35266 18.5% | 29749 12.7% | 26398 11.5% | 23684 16.6% | 20309 26.0% | 16117 18.6% | 13586 20.8% | 11244 - |
| Net Worth (INR Cr) | 7921 14.3% | 6928 29.9% | 5336 16.5% | 4580 15.1% | 3980 10.0% | 3618 6.3% | 3405 5.6% | 3224 9.6% | 2942 13.4% | 2594 14.3% | 2270 12.2% | 2022 23.7% | 1635 19.7% | 1366 19.0% | 1148 16.2% | 989 15.2% |
| Employee Cost (INR Cr) | 686 10.9% | 619 0.5% | 616 9.9% | 561 28.7% | 436 16.1% | 375 3.6% | 362 -4.2% | 378 8.0% | 350 11.0% | 315 11.1% | 284 17.2% | 242 13.8% | 213 9.2% | 195 35.4% | 144 15.8% | 124 - |
| Interest Cost (INR Cr) | 2697 | 1987 | 2019 | 2072 | 2147 | 1994 | 2041 | 2230 | 2208 | 1952 | 1820 | 1611 | 1232 | 827 | 744 | 643 |
| Cash & Bank Balance (INR Cr) | 3568 | 3582 | 3852 | 2705 | 3737 | 2920 | 2004 | 1946 | 1599 | 1435 | 1410 | 1185 | 725 | 909 | 1194 | 929 |
| Total Debt (INR Cr) | 50816 | 48291 | 44933 | 40970 | 37149 | 35136 | 32941 | 32190 | 30702 | 25690 | 22905 | 20474 | 17571 | 13842 | 11699 | 9599 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 19.5% | 21.9% | 17.7% | 14.2% | 10.2% | 7.1% | 5.9% | 8.3% | 11.3% | 12.1% | 10.3% | 16.2% | 14.8% | 16.1% | 14.3% | 13.4% |
| Profit As % Of Assets | 1.7% | 1.8% | 1.6% | 1.3% | 1.0% | 0.6% | 0.6% | 0.9% | 1.1% | 1.3% | 1.1% | 1.9% | 1.5% | 1.6% | 1.4% | 1.3% |
| Profit As % Of Networth | 13.5% | 14.9% | 15.4% | 13.2% | 10.2% | 7.2% | 6.5% | 9.8% | 13.7% | 14.6% | 13.3% | 21.8% | 19.2% | 18.4% | 16.1% | 15.2% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 14.4% | 16.8% | 16.6% | 14.1% | 10.7% | 7.4% | 6.7% | 10.3% | 14.5% | 15.6% | 14.0% | 24.1% | 20.9% | 20.0% | 17.3% | 16.3% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |