Tamil Nadu, India-based Tamilnad Mercantile Bank Limited, also known as TMB, is a private sector bank. The bank has a significant presence in South India and has been offering its clients a range of financial services for more than a century. TMB has built a solid reputation as a dependable and trustworthy financial organisation with a focus on offering banking solutions that put the needs of the customer first.
Investors and experts have recently been interested in TMB’s stock performance. Many investors are concerned about the future of TMB’s share price as the economy struggles to recover from the pandemic’s effects. Taking into account a number of potential influences, we will examine TMB’s share price target from 2023 to 2030 in this article.
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Contents
TMB BANK IN RECENT NEWS
- The Income Tax department has reported violations by Tamilnad Mercantile Bank, stating that there are no Suspicious Transaction Reports (SFTs) filed for deposits exceeding ₹2,700 crore.
- Tamilnad Mercantile Bank has reported a 12% increase in net profit to reach ₹261 crore for the first quarter.
- The Managing Director and CEO of Tamilnad Mercantile Bank have expressed their aim to achieve a growth rate of 12-15% in the current fiscal year.
- Tamilnad Mercantile Bank made its debut with a 3% discount, starting at Rs 495.
TMB SHARE PRICE TARGET 2023
| TMB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| September 2023 | ₹546.80 | ₹497.09 |
| October 2023 | ₹530.87 | ₹482.61 |
| November 2023 | ₹541.49 | ₹492.26 |
| December 2023 | ₹557.74 | ₹464.78 |
The year 2023 appears to be a promising year for Tamilnad Mercantile Bank (TMB), as indicated by the bullish trend predicted for its share prices. The maximum price for TMB shares is expected to touch ₹557.74 in December 2023, marking a significant growth percentage compared to the minimum price of ₹530.87 predicted for October 2023.
This uptrend is expected to continue throughout the year, with minor fluctuations, as shown in the table. The predicted growth in TMB’s share prices in 2023 is a positive sign for investors, indicating that the bank is on track for achieving its financial goals and expanding its market presence. As always, investors should exercise caution and conduct their own research before making any investment decisions.
TMB SHARE PRICE TARGET 2024
| TMB SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹639.05 | ₹512.95 |
| February 2024 | ₹718.03 | ₹598.36 |
| March 2024 | ₹755.82 | ₹614.49 |
| April 2024 | ₹687.11 | ₹528.55 |
| May 2024 | ₹572.59 | ₹440.46 |
| June 2024 | ₹687.11 | ₹528.55 |
| July 2024 | ₹584.04 | ₹452.75 |
| August 2024 | ₹642.45 | ₹509.88 |
| September 2024 | ₹674.57 | ₹518.90 |
| October 2024 | ₹793.61 | ₹610.47 |
| November 2024 | ₹833.29 | ₹641.00 |
| December 2024 | ₹849.96 | ₹653.82 |
The year 2024 is expected to bring further growth and development for Tamilnad Mercantile Bank (TMB), with the bank’s share prices predicted to show a bullish trend. According to the table provided, the maximum share price target for TMB in 2024 is expected to reach ₹849.96 in December, while the minimum share price target is predicted to be ₹440.46 in May.
This indicates a significant growth percentage and an overall upward trend in TMB’s share prices. The predicted growth in TMB’s share prices for 2024 is a positive sign for the bank and its investors, indicating a positive outlook for the bank’s financial performance and market presence in the upcoming years. However, as always, investors should conduct their own research and exercise caution before making any investment decisions.
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TMB SHARE PRICE TARGET 2025
| TMB SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹866.96 | ₹666.89 |
| February 2025 | ₹912.59 | ₹701.99 |
| March 2025 | ₹958.22 | ₹737.09 |
| April 2025 | ₹855.55 | ₹658.12 |
| May 2025 | ₹777.77 | ₹598.29 |
| June 2025 | ₹855.55 | ₹658.12 |
| July 2025 | ₹814.81 | ₹626.78 |
| August 2025 | ₹848.76 | ₹652.89 |
| September 2025 | ₹891.20 | ₹685.54 |
| October 2025 | ₹944.67 | ₹726.67 |
| November 2025 | ₹1,010.80 | ₹777.54 |
| December 2025 | ₹1,031.02 | ₹793.09 |
Looking ahead to 2025, Tamilnad Mercantile Bank (TMB) is expected to continue its upward trajectory with a bullish trend in its share prices. The table provided shows that the maximum share price target for TMB in 2025 is expected to reach ₹1,031.02 in December, while the minimum share price target is predicted to be ₹598.29 in May.
This indicates a substantial growth percentage compared to the previous year and an overall optimistic outlook for TMB’s future. The predicted growth in TMB’s share prices for 2025 is a testament to the bank’s strong financial performance and market position, which is expected to continue to expand in the upcoming years. As always, investors should conduct their own research and exercise caution before making any investment decisions.
TMB SHARE PRICE TARGET 2026 TO 2030
| TMB SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹721.71 | ₹505.20 |
| 2027 | ₹613.45 | ₹429.42 |
| 2028 | ₹1,104.22 | ₹772.95 |
| 2029 | ₹2,268.23 | ₹1,587.76 |
| 2030 | ₹2,525.99 | ₹1,768.19 |
Analyzing the data for the next five years, it is evident that Tamilnad Mercantile Bank (TMB) is poised for a significant growth in its share prices. The maximum share price target for 2026 is expected to reach ₹721.71, while the minimum share price target is predicted to be ₹505.20. Similarly, the maximum and minimum share price targets for 2027 are predicted to be ₹613.45 and ₹429.42, respectively.
Moving towards 2028, TMB is expected to continue its upward trend with a maximum share price target of ₹1,104.22 and a minimum share price target of ₹772.95. This trend is predicted to carry on to 2029 and 2030, with a maximum share price target of ₹2,268.23 and ₹2,525.99, respectively, and a minimum share price target of ₹1,587.76 and ₹1,768.19, respectively.
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FINANCIAL STRENGTH OF TMB (2019 TO 2023)
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue (in Rs Crore) | 3,224 | 3,466 | 3,609 | 3,834 | 4,081 |
| Interest (in Rs Crore) | 1,994 | 2,147 | 2,072 | 2,019 | 1,987 |
| Expenses (in Rs Crore) | 1,350 | 1,231 | 1,355 | 1,470 | 1,276 |
| Financing Profit (in Rs Crore) | -120 | 89 | 183 | 346 | 818 |
| Financing Margin % | -4% | 3% | 5% | 9% | 20% |
| Other Income (in Rs Crore) | 414 | 526 | 644 | 812 | 629 |
| Depreciation (in Rs Crore) | 36 | 30 | 29 | 33 | 54 |
| Profit Before Tax (in Rs Crore) | 259 | 585 | 798 | 1,125 | 1,394 |
| Tax % | 0% | 30% | 24% | 27% | 26% |
| Net Profit (in Rs Crore) | 259 | 408 | 603 | 822 | 1,029 |
| EPS (in Rs) | 18.14 | 28.61 | 42.34 | 57.67 | 65.00 |
| Dividend Payout % | 13% | 13% | 0% | 9% | 8% |
- Revenue Growth: The bank’s revenue has consistently increased from Rs 3,224 crore in 2019 to Rs 4,081 crore in 2023, reflecting a robust upward trajectory.
- Interest Income Stability: Despite some fluctuations, interest income remained relatively stable, with a high of Rs 2,147 crore in 2020 and a low of Rs 1,987 crore in 2023.
- Profitability: The bank’s profitability has shown significant improvement, with financing profit turning from negative (-120 crore) in 2019 to a substantial Rs 818 crore in 2023.
- Margin Expansion: Financing margin percentage saw remarkable growth, reaching 20% in 2023 from a negative margin of -4% in 2019, indicating improved efficiency in managing costs.
- Diverse Income Sources: Other income, comprising fees, commissions, and non-interest revenue, increased steadily over the years, indicating a diversified income stream.
- Tax Efficiency: The bank managed to lower its tax rate from 30% in 2020 to 26% in 2023, contributing positively to its bottom line.
- Net Profit Growth: Net profit grew consistently from Rs 259 crore in 2019 to Rs 1,029 crore in 2023, marking an impressive increase.
- Earnings per Share (EPS): The bank’s EPS has seen a substantial increase, reaching Rs 65.00 in 2023 from Rs 18.14 in 2019.
- Dividend Payout: The bank maintained a moderate dividend payout percentage, ranging from 0% in 2021 to 13% in 2019 and 2020.
In summary, Tamilnad Mercantile Bank’s financial performance over the five-year period demonstrates a positive trend with strong revenue growth, improved profitability, and efficient cost management. These factors indicate the bank’s ability to navigate challenges and capitalize on opportunities in the banking sector.
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POINTS TO KEEP IN NOTICE WHILE INVESTING IN TMB SHARES:
- The company has achieved an impressive 35.9% CAGR in profit growth over the last five years.
- However, the company’s interest coverage ratio remains low.
- Sales growth for the company has been lackluster, with only a 4.66% increase over the past five years.
- The company has substantial contingent liabilities amounting to Rs. 6,519 Crore.
- There is a possibility that the company is capitalizing its interest costs.
FAQ’s
The maximum share price target of TMB in 2025 is Rs.1,031.02
The maximum share price target of TMB in 2027 is Rs. 613.45
The maximum share price target of TMB in 2029 is Rs. 2268.23
The maximum share price target of TMB in 2030 is Rs. 2525.99
CONCLUSION: TAMILNAD MERCANTILE BANK
The last five years’ worth of financial statements reveal constant increase for Tamilnad Mercantile Bank in terms of total income, PAT, and profit margins. The bank’s revenue growth and PAT growth have both been remarkable, with the FY2022 numbers showing a notable improvement. Investors may become concerned because the bank’s provisions and contingencies have also grown over the previous few years.
The bank’s overall financial performance is encouraging, and given its projected development trajectory, it can represent a solid investment opportunity for individuals looking to purchase shares. But as with any investment, prospective investors should do their homework and speak with financial professionals before making any decisions.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.