Tamilnad Mercantile Bank Limited (TMB) - Net Assets

Latest as of March 2026: Rs101.10 Billion INR ≈ $1.09 Billion USD

Based on the latest financial reports, Tamilnad Mercantile Bank Limited (TMB) has net assets worth Rs101.10 Billion INR (≈ $1.09 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs753.00 Billion ≈ $8.14 Billion USD) and total liabilities (Rs651.89 Billion ≈ $7.05 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Tamilnad Mercantile Bank Limited strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs101.10 Billion
% of Total Assets	13.43%
Annual Growth Rate	13.18%
5-Year Change	89.48%
10-Year Change	-72.5%
Growth Volatility	333.42

Tamilnad Mercantile Bank Limited - Net Assets Trend (2013–2026)

This chart illustrates how Tamilnad Mercantile Bank Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see TMB stock market capitalisation.

Annual Net Assets for Tamilnad Mercantile Bank Limited (2013–2026)

The table below shows the annual net assets of Tamilnad Mercantile Bank Limited from 2013 to 2026. Also explore TMB net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs101.10 Billion ≈ $1.09 Billion	+12.23%
2025-03-31	Rs90.09 Billion ≈ $974.26 Million	+13.73%
2024-03-31	Rs79.21 Billion ≈ $856.65 Million	+14.33%
2023-03-31	Rs69.28 Billion ≈ $749.27 Million	+29.85%
2022-03-31	Rs53.36 Billion ≈ $577.04 Million	+16.50%
2021-03-31	Rs45.80 Billion ≈ $495.31 Million	+15.09%
2020-03-31	Rs39.80 Billion ≈ $430.38 Million	+9.99%
2019-03-31	Rs36.18 Billion ≈ $391.30 Million	+6.27%
2018-03-31	Rs34.05 Billion ≈ $368.22 Million	-90.74%
2017-03-31	Rs367.62 Billion ≈ $3.98 Billion	+4.84%
2016-03-31	Rs350.65 Billion ≈ $3.79 Billion	+1251.63%
2015-03-31	Rs25.94 Billion ≈ $280.57 Million	+14.31%
2014-03-31	Rs22.70 Billion ≈ $245.45 Million	+12.24%
2013-03-31	Rs20.22 Billion ≈ $218.68 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tamilnad Mercantile Bank Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.58 Billion	1.57%
Other Components	Rs99.52 Billion	98.43%
Total Equity	Rs101.10 Billion	100.00%

Tamilnad Mercantile Bank Limited Competitors by Market Cap

The table below lists competitors of Tamilnad Mercantile Bank Limited ranked by their market capitalization.

Company	Market Cap
Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd SHE:002839	$1.55 Billion
Bonesupport Holding AB ST:BONEX	$1.55 Billion
Yantai Zhenghai Magnetic Mat SHE:300224	$1.55 Billion
Xinxiang Richful Lube Additive Co. Ltd SHE:300910	$1.55 Billion
Holmen AB (publ) ST:HOLM-A	$1.55 Billion
Aygaz AS IS:AYGAZ	$1.55 Billion
General American Investors Closed Fund NYSE:GAM	$1.55 Billion
Seojin System Co.Ltd KQ:178320	$1.55 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tamilnad Mercantile Bank Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 90,086,926,000 to 101,101,600,000, a change of 11,014,674,000 (12.2%).
Net income of 13,375,500,000 contributed positively to equity growth.
Dividend payments of 1,741,900,000 reduced retained earnings.
Other comprehensive income decreased equity by 78,208,232,000.
Other factors increased equity by 77,589,306,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs13.38 Billion	+13.23%
Dividends Paid	Rs1.74 Billion	-1.72%
Other Comprehensive Income	Rs-78.21 Billion	-77.36%
Other Changes	Rs77.59 Billion	+76.74%
Total Change	Rs-	12.23%

Book Value vs Market Value Analysis

This analysis compares Tamilnad Mercantile Bank Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.42x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 6.37x to 1.42x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-03-31	Rs141.89	Rs904.20	x
2014-03-31	Rs159.26	Rs904.20	x
2015-03-31	Rs182.04	Rs904.20	x
2016-03-31	Rs206.42	Rs904.20	x
2017-03-31	Rs226.23	Rs904.20	x
2018-03-31	Rs238.91	Rs904.20	x
2019-03-31	Rs253.89	Rs904.20	x
2020-03-31	Rs279.25	Rs904.20	x
2021-03-31	Rs321.38	Rs904.20	x
2022-03-31	Rs374.41	Rs904.20	x
2023-03-31	Rs437.53	Rs904.20	x
2024-03-31	Rs500.23	Rs904.20	x
2025-03-31	Rs568.91	Rs904.20	x
2026-03-31	Rs638.49	Rs904.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tamilnad Mercantile Bank Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 13.23%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.97%
• Asset Turnover: 0.09x
• Equity Multiplier: 7.45x
Recent ROE (13.23%) is above the historical average (12.88%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	21.77%	41.70%	0.04x	11.71x	Rs2.38 Billion
2014	13.25%	31.87%	0.04x	11.63x	Rs738.07 Million
2015	14.62%	40.05%	0.03x	11.47x	Rs1.20 Billion
2016	13.67%	38.70%	0.03x	11.99x	Rs1.08 Billion
2017	9.82%	26.43%	0.03x	11.47x	Rs-57.39 Million
2018	6.52%	21.77%	0.03x	11.14x	Rs-1.19 Billion
2019	7.15%	7.11%	0.09x	11.20x	Rs-1.03 Billion
2020	10.24%	10.21%	0.09x	10.74x	Rs97.29 Million
2021	13.17%	14.19%	0.09x	10.38x	Rs1.45 Billion
2022	15.40%	17.69%	0.09x	9.91x	Rs2.88 Billion
2023	14.86%	21.85%	0.08x	8.36x	Rs3.36 Billion
2024	13.53%	19.52%	0.09x	7.77x	Rs2.80 Billion
2025	13.13%	19.26%	0.09x	7.38x	Rs2.82 Billion
2026	13.23%	19.97%	0.09x	7.45x	Rs3.27 Billion

Industry Comparison

This section compares Tamilnad Mercantile Bank Limited's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $152,380,251,900
Average return on equity (ROE) among peers: 8.89%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tamilnad Mercantile Bank Limited (TMB)	Rs101.10 Billion	21.77%	6.45x	$1.55 Billion
AU Small Finance Bank Limited (AUBANK)	$7.66 Billion	18.19%	4.19x	$8.37 Billion
Bandhan Bank Limited (BANDHANBNK)	$5.02 Billion	0.11%	0.05x	$3.01 Billion
Bank of Baroda (BANKBARODA)	$426.97 Billion	-11.87%	15.19x	$13.14 Billion
Bank of India (BANKINDIA)	$566.51 Billion	6.17%	12.12x	$6.79 Billion
Canara Bank (CANBK)	$151.59 Billion	19.79%	16.58x	$12.09 Billion
Capital Small Finance Bank Limited (CAPITALSFB)	$1.15 Billion	11.96%	16.87x	$133.82 Million
Central Bank of India (CENTRALBK)	$276.07 Billion	3.83%	13.03x	$2.97 Billion
CSB Bank Limited (CSBBANK)	$48.94 Billion	12.94%	10.79x	$602.54 Million
City Union Bank Limited (CUB)	$5.67 Billion	17.95%	11.96x	$1.83 Billion
DCB Bank Limited (DCBBANK)	$34.22 Billion	9.87%	10.25x	$766.32 Million

About Tamilnad Mercantile Bank Limited

NSE:TMB India Banks - Regional

Market Cap

$1.55 Billion

Rs143.18 Billion INR

Market Cap Rank

#7120 Global

#341 in India

Share Price

Rs904.20

Change (1 day)

+4.13%

52-Week Range

Rs421.95 - Rs942.45

All Time High

Rs942.45