JM Financial (NSE:JMFINANCIL) Tax Rate %: 19.05% (As of Jun. 2026)

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NSE:JMFINANCIL JM Financial Ltd NSE:JMFINANCIL
67 GF Score
Price ₹126.43
GF Value ₹138.66
Valuation Fairly Valued
! 1 Warning Sign
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What is JM Financial Tax Rate %?

JM Financial NSE:JMFINANCIL -2.27% 67 Tax Rate % is 19.05% as of Jun. 2026. GuruFocus rates NSE:JMFINANCIL with a GF Score™ of 67/100 and a GF Value™ of ₹138.66 (Fairly Valued). The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. JM Financial's Tax Expense for the three months ended in Jun. 2026 was ₹868 Mil. JM Financial's Pre-Tax Income for the three months ended in Jun. 2026 was ₹4,555 Mil. Therefore, JM Financial's Tax Rate % for the quarter that ended in Jun. 2026 was 19.05%.

JM Financial Tax Rate % Related Terms

JM Financial Tax Rate % Historical Data

* Premium members only.

The historical data trend for JM Financial's Tax Rate % 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.

JM Financial Tax Rate % Chart

JM Financial Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.38 25.60 92.21 22.56 25.53

JM Financial Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.78 25.98 23.82 34.45 19.05
NSE:JMFINANCIL
67GF Score
JM Financial Ltd NSE:JMFINANCIL
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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JM Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

JM Financial's Tax Rate % for the fiscal year that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2026 )/Pre-Tax Income (A: Mar. 2026 )
=4035.5/15804.3
=25.53 %

JM Financial's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=868/4555.4
=19.05 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 19.05% mean?
JM Financial (NSE:JMFINANCIL) has a Tax Rate % of 19.05% as of Jun. 2026.
Is JM Financial's Tax Rate % too high?
JM Financial's current Tax Rate % is 19.05%. Overall, JM Financial has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JM Financial's Tax Rate % compare to MS and GS?
JM Financial's Tax Rate % of 19.05% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Capital Markets company?
A good Tax Rate % depends on the Capital Markets industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. JM Financial's current Tax Rate % is 19.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JM Financial stock overvalued right now?
Based on GuruFocus' analysis, JM Financial (NSE:JMFINANCIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹138.66, compared to a current price of ₹126.43 — trading 8.8% below its estimated fair value. The current Tax Rate % is 19.05%. JM Financial's overall GF Score™ is 67/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For JM Financial (NSE:JMFINANCIL), the current Tax Rate % is 19.05% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is JM Financial (NSE:JMFINANCIL) Overvalued in 2026?

Based on GuruFocus' analysis, JM Financial stock appears to be undervalued. The current stock price of ₹126.43 is trading 8.8% below its estimated GF Value™ of ₹138.66. GuruFocus considers JM Financial to be Fairly Valued.

Key valuation signals for NSE:JMFINANCIL:

  • Tax Rate %: 19.05%
  • GF Value™: ₹138.66 vs. price of ₹126.43 (8.8% below fair value)
  • GF Score™: 67/100 with 1 warning sign

No single metric tells the full story. See the NSE:JMFINANCIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

JM Financial Business Description

Other Exchanges 523405:India
Address Appasaheb Marathe Marg, 7th Floor, Cnergy, Prabhadevi, Mumbai, MH, IND, 400 025
JM Financial Ltd is an India-based financial services group, specialising in providing a range of businesses to corporations, financial institutions, high-net-worth individuals, and retail investors. Its operating segment includes Investment Banking; Asset Management, Wealth Management and Securities Business (Platform AWS); Mortgage Lending; Alternative & Distressed Credit; and Others. The Investment Banking segment, which is the key revenue-generating segment, includes management of capital markets transactions, advising on mergers & acquisitions, and private equity syndication. This segment also includes institutional equities business and research, private wealth management, PMS, private equity funds, fixed income, syndication, and finance.
67GF Score

Get the complete analysis for NSE:JMFINANCIL

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹126.43
Price
₹138.66
GF Value