TMB
Tamilnad Mercantile Bank Limited
Each stock's 10,000-path forecast, rendered as light.
Tamilnad Mercantile Bank Limited (TMB) Stock Analysis & Case Study
Is TMB a good buy? The data-driven verdict.
Tamilnad Mercantile Bank Limited (TMB) trades at ₹873,on the numbers it worth a closer look, a Downstox Snapshot Score of 65/100.
On the numbers, Tamilnad Mercantile Bank Limited (TMB) worth a closer look, a Downstox Snapshot Score of 65/100, weighing inexpensive at 9.6× earnings, ROE of 14.0%, a 57% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
TMB fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How TMB ranks against the 2,373 companies in our screener
- TMB's market cap of 13,871 Cr ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMB's book value of ₹667 ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMB's 3-year profit (PAT) growth of 9.0% ranks in the 41st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- TMB's 3-year revenue growth of 13.0% ranks in the 58th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
We do not hold promoter holding or debt-to-equity ratio figures for TMB, as of 9 Aug 2026, so those are not ranked here.
Is TMB overvalued? TMB P/E vs peers
TMB trades at 9.6× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
TMB share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 3.8y of TMB history (14%/yr drift, 29%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| TMB 2027 | ₹638 | ₹922 | ₹1,333 | +5% |
| TMB 2028 | ₹574 | ₹971 | ₹1,642 | +11% |
| TMB 2029 | ₹538 | ₹1,022 | ₹1,942 | +17% |
| TMB 2030 | ₹511 | ₹1,076 | ₹2,266 | +23% |
| TMB 2031 | ₹485 | ₹1,133 | ₹2,650 | +29% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability TMB goes up, or doubles?
The bull case for TMB
- TMB's P/E of 9.6x is lower than 87% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Low price-to-book of 1.31×, the market is paying little over the company's net assets.
- TMB's return on equity of 14.0% ranks in the 68th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,942.
The bear case & risks
- No model or past record guarantees future returns, treat this as one input, not a decision.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹538.
TMB volatility & expected range, how bumpy is the ride?
Over the last 3.8 years TMB compounded at 14%/year with annualized volatility of 29%. That volatility implies a 1-year 80% range of ₹638-₹1,333, the honest backbone behind any single price target.
TMB price forecast, the full 60-month probability fan
TMB price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds TMB hits common targets within the simulated horizon?
Full multi-horizon detail on the TMB price target & forecast page.
TMB Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. TMB scores 6/8, mixed financial health.
TMB MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy TMB with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 35.00% | 2.9× |
| Zerodha | 31.64% | 3.2× |
| Groww | 31.78% | 3.1× |
| Dhan | 31.64% | 3.2× |
| Kotak Neo | 31.65% | 3.2× |
| Paytm Money | 31.87% | 3.1× |
| PocketfulCHEAPEST | 31.20% | 3.2× |
| Anand Rathi | 31.64% | 3.2× |
| Bajaj Broking | 32.00% | 3.1× |
| Share India | 31.75% | 3.1× |
Compare every broker on the TMB MTF page.
About Tamilnad Mercantile Bank Limited: sector, index & market-cap context
Tamilnad Mercantile Bank Limited (TMB) is a small-cap NSE-listed company, with a market capitalisation of ₹13,838 Cr. See more stocks on our screener.
How the TMB Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Tamilnad Mercantile Bank Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
TMB analysis, FAQs
Is Tamilnad Mercantile Bank Limited (TMB) a good buy?
On the numbers, Tamilnad Mercantile Bank Limited (TMB) worth a closer look, a Downstox Snapshot Score of 65/100, weighing inexpensive at 9.6× earnings, ROE of 14.0%, a 57% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is TMB overvalued or undervalued?
TMB trades at 9.6× earnings, inexpensive versus the ~22× long-run Nifty average.
What is the TMB share price target for 2031?
TMB's probability-weighted 2031 median target is ₹1,133, with an 80% range of ₹485-₹2,650 (10,000-path Monte-Carlo).
What is the probability TMB doubles in 5 years?
The modelled probability of TMB reaching ₹1,752 (2×) within 5 years is 25%.
What is the bull case for TMB?
TMB's P/E of 9.6x is lower than 87% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. Low price-to-book of 1.31×, the market is paying little over the company's net assets. TMB's return on equity of 14.0% ranks in the 68th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in TMB?
No model or past record guarantees future returns, treat this as one input, not a decision.