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Latest balance sheet of Tamilnad Mercantile is strong. Strength was visible historically as well.
Yes, profit is increasing.
The profit of Tamilnad Mercantile is ₹1,144 Crs for TTM, ₹1,072 Crs for Mar 2024 and ₹1,029 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Tamilnad Mercantile latest dividend payout ratio is 14.77% and 3yr average dividend payout ratio is 15.83%
Company has been allocating majority of new resources to productive uses like advances.