Tamilnad Mercantile Bank (NSE:TMB) ROE % Adjusted to Book Value : 16.53% (As of Sep. 2024)

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What is Tamilnad Mercantile Bank ROE % Adjusted to Book Value?

Tamilnad Mercantile Bank's ROE % for the quarter that ended in Sep. 2024 was 14.55%. Tamilnad Mercantile Bank's PB Ratio for the quarter that ended in Sep. 2024 was 0.88. Tamilnad Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Sep. 2024 was 16.53%.

Tamilnad Mercantile Bank ROE % Adjusted to Book Value Historical Data

The historical data trend for Tamilnad Mercantile Bank's ROE % Adjusted to Book Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tamilnad Mercantile Bank ROE % Adjusted to Book Value Chart

Tamilnad Mercantile Bank Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROE % Adjusted to Book Value

18.04

14.89

Tamilnad Mercantile Bank Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROE % Adjusted to Book Value	Get a 7-Day Free Trial										12.83	14.53	13.39	15.63	16.53

Competitive Comparison of Tamilnad Mercantile Bank's ROE % Adjusted to Book Value

For the Banks - Regional subindustry, Tamilnad Mercantile Bank's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tamilnad Mercantile Bank's ROE % Adjusted to Book Value Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tamilnad Mercantile Bank's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Tamilnad Mercantile Bank's ROE % Adjusted to Book Value falls into.

Tamilnad Mercantile Bank ROE % Adjusted to Book Value Calculation

Tamilnad Mercantile Bank's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2024 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	14.44%	/	0.97
	=	14.89%

Tamilnad Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Sep. 2024 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	14.55%	/	0.88
	=	16.53%

Tamilnad Mercantile Bank ROE % Adjusted to Book Value Related Terms

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Tamilnad Mercantile Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tamilnad Mercantile Bank Ltd (NSE:TMB) » Definitions » ROE % Adjusted to Book Value

Traded in Other Exchanges

543596:India

Address

No. 57, Victoria Extension Road, Tuticorin, TN, IND, 628 002

Website

https://www.tmb.in

Tamilnad Mercantile Bank Ltd is the oldest private sector bank in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate and Wholesale banking, Retail banking, and Other banking business services. It generates the majority of its revenue from the Retail banking segment.

Tamilnad Mercantile Bank Headlines

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