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
- Tamilnad Mercantile Bank sets record date for ₹5 dividend, scrip up by 2%
TMB SHARE PRICE TARGET 2023
| TMB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| February 2023 | ₹452.50 | ₹348.08 |
| March 2023 | ₹339.38 | ₹261.06 |
| April 2023 | ₹373.31 | ₹287.16 |
| May 2023 | ₹311.09 | ₹239.30 |
| June 2023 | ₹373.31 | ₹287.16 |
| July 2023 | ₹447.98 | ₹344.60 |
| August 2023 | ₹492.77 | ₹379.06 |
| September 2023 | ₹517.41 | ₹398.01 |
| October 2023 | ₹492.77 | ₹379.06 |
| November 2023 | ₹542.05 | ₹416.96 |
| December 2023 | ₹607.10 | ₹467.00 |
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 ₹607.10 in December 2023, marking a significant growth percentage compared to the minimum price of ₹239.30 predicted for May 2023. T
his 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 | 1037.03 |
| 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 (2018 TO 2030)
| ANNUAL | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
| Total Income | 4,656.43 | 4,253.40 | 3,992.53 | 3,638.80 | 3,756.61 |
| Total Income Growth (%) | 9.48 | 6.53 | 9.72 | -3.14 | -1.44 |
| Provisions & Contingencies | 704.86 | 598.89 | 587.33 | 625.69 | 784.09 |
| Provisions & Contingencies Growth (%) | 17.69 | 1.97 | -6.13 | -20.20 | 40.25 |
| Profit after Tax (PAT) | 821.91 | 603.33 | 407.69 | 258.58 | 221.92 |
| PAT Growth (%) | 36.23 | 47.99 | 57.67 | 16.52 | -29.92 |
| Net Interest Margin (%) | 3.43 | 3.23 | 3.08 | 3.03 | 3.19 |
| Net Profit Margin (%) | 21.43 | 16.71 | 11.76 | 8.01 | 6.82 |
| Basic EPS (₹) | 57.67 | 42.34 | 28.61 | 18.14 | 15.57 |
TMB Bank has seen steady growth in its total income over the last five years, with a growth rate ranging from -3.14% to 9.72%. The bank’s FY 2022 total income of ₹4,656.43 crores was a 9.48% increase from the previous fiscal year.
However, provisions and contingencies have also increased over this period, with a growth rate ranging from -20.20% to 40.25%. The bank’s profit after tax (PAT) has also shown significant improvement, with a growth rate ranging from 16.52% to 57.67%. The bank’s PAT in FY 2022 was ₹821.91 crores, a 36.23% increase from the previous fiscal year.
The net interest margin has also seen a consistent growth trend, with a maximum of 3.43% in FY 2022. TMB Bank’s net profit margin has also improved over the last five years, with a maximum of 21.43% in FY 2022. The bank’s basic EPS has also seen significant growth, with a maximum of ₹57.67 in FY 2022.
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FAQ’s
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.
