Le Merite Exports (NSE:LEMERITE) Tax Rate %: 20.35% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:LEMERITE Le Merite Exports Ltd NSE:LEMERITE
65 GF Score
Price ₹23.24
GF Value ₹33.84
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Le Merite Exports Tax Rate %?

Le Merite Exports NSE:LEMERITE -0.04% 65 Tax Rate % is 20.35% as of Mar. 2026. GuruFocus rates NSE:LEMERITE with a GF Score™ of 65/100 and a GF Value™ of ₹33.84 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Le Merite Exports's Tax Expense for the three months ended in Mar. 2026 was ₹2 Mil. Le Merite Exports's Pre-Tax Income for the three months ended in Mar. 2026 was ₹11 Mil. Therefore, Le Merite Exports's Tax Rate % for the quarter that ended in Mar. 2026 was 20.35%.

Le Merite Exports Tax Rate % Related Terms

Le Merite Exports Tax Rate % Historical Data

* Premium members only.

The historical data trend for Le Merite Exports'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.

Le Merite Exports Tax Rate % Chart

Le Merite Exports Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial 24.74 48.26 24.44 20.23 22.59

Le Merite Exports Quarterly Data
Mar19 Mar20 Mar21 Dec21 Mar22 Sep22 Mar23 Sep23 Mar24 Dec24 Mar25 Sep25 Dec25 Mar26
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 9.33 28.42 0.00 23.51 20.35
NSE:LEMERITE
65GF Score
Le Merite Exports Ltd NSE:LEMERITE
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Le Merite Exports Tax Rate % Calculation

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

Le Merite Exports'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 )
=33.741/149.366
=22.59 %

Le Merite Exports's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=2.209/10.854
=20.35 %

* 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 20.35% mean?
Le Merite Exports (NSE:LEMERITE) has a Tax Rate % of 20.35% as of Mar. 2026.
Is Le Merite Exports' Tax Rate % too high?
Le Merite Exports' current Tax Rate % is 20.35%. Overall, Le Merite Exports has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Le Merite Exports' Tax Rate % compare to competitors?
Le Merite Exports' Tax Rate % of 20.35% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Tax Rate % depends on the Manufacturing - Apparel & Accessories 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. Le Merite Exports's current Tax Rate % is 20.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Le Merite Exports stock overvalued right now?
Based on GuruFocus' analysis, Le Merite Exports (NSE:LEMERITE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.84, compared to a current price of ₹23.24 — trading 31.3% below its estimated fair value. The current Tax Rate % is 20.35%. Le Merite Exports' overall GF Score™ is 65/100 with 5 warning signs 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 Le Merite Exports (NSE:LEMERITE), the current Tax Rate % is 20.35% as of Mar. 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 Le Merite Exports (NSE:LEMERITE) Overvalued in 2026?

Based on GuruFocus' analysis, Le Merite Exports stock appears to be undervalued. The current stock price of ₹23.24 is trading 31.3% below its estimated GF Value™ of ₹33.84. GuruFocus considers Le Merite Exports to be Significantly Undervalued.

Key valuation signals for NSE:LEMERITE:

  • Tax Rate %: 20.35%
  • GF Value™: ₹33.84 vs. price of ₹23.24 (31.3% below fair value)
  • GF Score™: 65/100 with 5 warning signs

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

Le Merite Exports Business Description

Address 1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072
Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.
65GF Score

Get the complete analysis for NSE:LEMERITE

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

₹23.24
Price
₹33.84
GF Value