Located in Tamil Nadu, India, Tamilnad Mercantile Bank (TMB) is a private sector bank. The bank, which was founded in 1921 and has a significant presence in India’s southern states, has been providing financial services to its clients for almost a century. TMB provides a wide selection of financial goods and services, such as credit cards, loans, savings and current accounts, and more.
TMB has experienced excellent growth in recent years, as evidenced by the sharp rise in the value of its stock. The performance of the bank is being closely monitored by investors, who may be evaluating it as a potential investment opportunity. In order to forecast the bank’s share price objective for the years 2023 to 2030, we will examine TMB’s financials and historical performance in further detail in this article.
CLICK HERE TO KNOW MORE:
Startup Financing: 6 Ways to Fund Your New Business
TMB IN RECENT NEWS
- A new branch of Tamilnad Mercantile Bank has been inaugurated in Tiruchi.
- The recent market capitalization decline of ₹4.5b in Tamilnad Mercantile Bank Limited (NSE:TMB) has resulted in a loss of ₹120k for insiders who purchased shares earlier this year.
TAMILNAD MERCANTILE BANK SHARE PRICE TARGET 2023
| TMB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| April 2023 | ₹400.80 | ₹308.31 |
| May 2023 | ₹334.00 | ₹256.92 |
| June 2023 | ₹400.80 | ₹308.31 |
| July 2023 | ₹480.96 | ₹369.97 |
| August 2023 | ₹529.06 | ₹406.97 |
| September 2023 | ₹555.51 | ₹427.31 |
| October 2023 | ₹529.06 | ₹406.97 |
| November 2023 | ₹581.96 | ₹447.66 |
| December 2023 | ₹651.80 | ₹501.38 |
In April, the share price target ranges from a minimum of ₹308.31 to a maximum of ₹400.80. However, in May, the share price is predicted to decrease significantly, with a minimum target of ₹256.92 and a maximum target of ₹334.00. In June, the share price target is expected to return to the same range as April, with a minimum target of ₹308.31 and a maximum target of ₹400.80. In July, the share price is expected to increase significantly, with a minimum target of ₹369.97 and a maximum target of ₹480.96. The share price target for August ranges from ₹406.97 to ₹529.06, while in September, the target is between ₹427.31 and ₹555.51. The share price target in October is similar to that of August, while in November, it is predicted to reach a peak of ₹581.96. Finally, in December, the share price target ranges from a minimum of ₹501.38 to a maximum of ₹651.80, which is the highest target for the year.
TAMILNAD MERCANTILE BANK SHARE PRICE TARGET 2024
| TMB SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹686.10 | 1037.03 |
| February 2024 | ₹770.90 | ₹642.42 |
| March 2024 | ₹811.47 | ₹659.74 |
| April 2024 | ₹737.70 | ₹567.47 |
| May 2024 | ₹614.75 | ₹472.89 |
| June 2024 | ₹737.70 | ₹567.47 |
| July 2024 | ₹627.05 | ₹486.08 |
| August 2024 | ₹689.75 | ₹547.42 |
| September 2024 | ₹724.24 | ₹557.11 |
| October 2024 | ₹852.05 | ₹655.42 |
| November 2024 | ₹894.65 | ₹688.19 |
| December 2024 | ₹912.54 | ₹701.96 |
The maximum share price target for the year is ₹912.54 in December, while the minimum is ₹472.89 in May. The share price is expected to experience fluctuations throughout the year, with a peak in October at ₹852.05 and a trough in May at ₹614.75. In January, the share price target ranges from a minimum of ₹686.10 to a maximum of ₹1037.03. In February, the share price target is expected to be between ₹642.42 and ₹770.90, while in March, it ranges from ₹659.74 to ₹811.47. In June, the share price target returns to a similar range as April, with a minimum of ₹567.47 and a maximum of ₹737.70. The share price targets for July and August range from ₹486.08 to ₹689.75 and ₹547.42 to ₹724.24, respectively. In September, the share price target is between ₹557.11 and ₹724.24, while in November, it ranges from ₹688.19 to ₹894.65.
CLICK HERE:
ADANI PORTS SHARE PRICE TARGET 2023,2025,2030: CAN IT REACH 3000INR?
TAMILNAD MERCANTILE BANK SHARE PRICE TARGET 2025
| TMB SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹930.80 | ₹716.00 |
| February 2025 | ₹979.78 | ₹753.68 |
| March 2025 | ₹1,028.77 | ₹791.36 |
| April 2025 | ₹918.55 | ₹706.58 |
| May 2025 | ₹835.04 | ₹642.34 |
| June 2025 | ₹918.55 | ₹706.58 |
| July 2025 | ₹874.81 | ₹672.93 |
| August 2025 | ₹911.26 | ₹700.97 |
| September 2025 | ₹956.82 | ₹736.02 |
| October 2025 | ₹1,014.23 | ₹780.18 |
| November 2025 | ₹1,085.23 | ₹834.79 |
| December 2025 | ₹1,106.93 | ₹851.48 |
The maximum share price target for the year is ₹1,106.93 in December, while the minimum is ₹642.34 in May. The share price is expected to experience fluctuations throughout the year, with a peak in November at ₹1,085.23 and a trough in May at ₹835.04. In January, the share price target ranges from a minimum of ₹716.00 to a maximum of ₹930.80. In February, the share price target is expected to be between ₹753.68 and ₹979.78, while in March, it ranges from ₹791.36 to ₹1,028.77. In June, the share price target returns to a similar range as April, with a minimum of ₹706.58 and a maximum of ₹918.55. The share price targets for July and August range from ₹672.93 to ₹911.26 and ₹700.97 to ₹911.26, respectively. In September, the share price target is between ₹736.02 and ₹956.82, while in October, it ranges from ₹780.18 to ₹1,014.23.
TAMILNAD MERCANTILE BANK SHARE PRICE TARGET 2026 TO 2030
| TMB SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹774.85 | ₹542.40 |
| 2027 | ₹658.62 | ₹461.04 |
| 2028 | ₹1,185.52 | ₹829.87 |
| 2029 | ₹2,435.25 | ₹1,704.67 |
| 2030 | ₹2,711.98 | ₹1,898.39 |
In the year 2026, the maximum share price target is ₹774.85, while the minimum share price target is ₹542.40. Moving onto 2027, the maximum and minimum share price targets are ₹658.62 and ₹461.04, respectively. In the year 2028, the maximum and minimum share price targets increase significantly to ₹1,185.52 and ₹829.87, respectively. For 2029, the maximum and minimum share price targets experience a substantial jump to ₹2,435.25 and ₹1,704.67, respectively. Finally, in the year 2030, the maximum and minimum share price targets for Tamilnad Mercantile Bank are projected to be ₹2,711.98 and ₹1,898.39, respectively.
CLICK HERE:
SBI SHARE PRICE TARGET 2023,2025, 2030: CAN IT REACH 5000INR BY 2025?
FINANCIAL STRENGTH OF TAMILNAD MERCANTILE BANK (2018 TO 2022)
| 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 |
Tamilnad Mercantile Bank has shown steady growth over the past five years in terms of revenue and profit. The total income of the bank has steadily increased from ₹3,756.61 crores in FY 2018 to ₹4,656.43 crores in FY 2022, indicating a compound annual growth rate of 5.5%. The bank has also reported an improvement in its PAT, with a maximum of ₹821.91 crores in FY 2022, reflecting a YoY growth rate of 36.23%. Additionally, the bank has managed to improve its net interest margin, which stands at 3.43% in FY 2022, up from 3.19% in FY 2018. Despite the increase in provisions and contingencies, which reached a maximum of ₹784.09 crores in FY 2018, the bank has managed to lower the provision expenses in recent years, reaching a minimum of ₹587.33 crores in FY 2020. These figures suggest that the bank has been able to maintain a healthy growth trajectory over the years, with a focus on efficient management of its assets and resources.
CLICK HERE TO KNOW:
Hindustan Unilever Ltd Share price target 2023,2025,2030: Can it reach 10000INR by 2025?
FAQ’s
What is the maximum share price target of Tamilnad Mercantile Bank in 2026?
The maximum share price target of Tamilnad Mercantile Bank in 2026 is Rs. 774.85
What is the maximum share price target of Tamilnad Mercantile Bank in 2027?
The maximum share price target of Tamilnad Mercantile Bank in 2027 is Rs. 658.62
What is the maximum share price target of Tamilnad Mercantile Bank in 2028?
The maximum share price target of Tamilnad Mercantile Bank in 2028 is Rs. 1185.52
What is the maximum share price target of Tamilnad Mercantile Bank in 2029?
The maximum share price target of Tamilnad Mercantile Bank in 2029 is Rs. 2435.25
What is the maximum share price target of Tamilnad Mercantile Bank in 2030?
The maximum share price target of Tamilnad Mercantile Bank in 2030 is Rs. 2711.98
CONCLUSION: TAMILNAD MERCANTILE BANK SHARE PRICE TARGET
Tamilnad Mercantile Bank has demonstrated constant growth in terms of its total income, PAT, and profit margins based on the financial statements of the previous five years. Both the company’s sales growth and PAT growth have shown steady improvement. Yet, it is concerning that over this time the provisions and contingencies have also grown. Notwithstanding this, the company has maintained a sound financial position and a respectable net interest margin and net profit margin. Investors may think about purchasing shares in Tamilnad Mercantile Bank if all these variables are taken into account, but additional investigation and analysis are necessary to make a wise investment choice.
