Tamilnad Mercantile Bank (BOM:543596) 3-Year Book Growth Rate : 15.90% (As of Mar. 2024)

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What is Tamilnad Mercantile Bank 3-Year Book Growth Rate?

Tamilnad Mercantile Bank's Book Value per Share for the quarter that ended in Mar. 2024 was ₹500.23.

During the past 12 months, Tamilnad Mercantile Bank's average Book Value per Share Growth Rate was 14.30% per year. During the past 3 years, the average Book Value per Share Growth Rate was 15.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 5 years, the highest 3-Year average Book Value per Share Growth Rate of Tamilnad Mercantile Bank was 16.10% per year. The lowest was 15.90% per year. And the median was 16.00% per year.

Competitive Comparison of Tamilnad Mercantile Bank's 3-Year Book Growth Rate

For the Banks - Regional subindustry, Tamilnad Mercantile Bank's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tamilnad Mercantile Bank's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Tamilnad Mercantile Bank's 3-Year Book Growth Rate falls into.

Tamilnad Mercantile Bank 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Tamilnad Mercantile Bank (BOM:543596) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Tamilnad Mercantile Bank 3-Year Book Growth Rate Related Terms

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Tamilnad Mercantile Bank (BOM:543596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tamilnad Mercantile Bank Ltd (BOM:543596) » Definitions » 3-Year Book Growth Rate

Traded in Other Exchanges

TMB:India

Address

No. 57, Victoria Extension Road, Thoothukudi, 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- wholesale banking, Retail banking, and Other banking business services.

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