Tamilnad Mercantile Bank (NSE:TMB) Tax Rate %: 25.79% (As of Mar. 2026)

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NSE:TMB Tamilnad Mercantile Bank Ltd NSE:TMB
54 GF Score
Price ₹893.65
GF Value ₹562.88
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Tamilnad Mercantile Bank Tax Rate %?

Tamilnad Mercantile Bank NSE:TMB +11.08% 54 Tax Rate % is 25.79% as of Mar. 2026. GuruFocus rates NSE:TMB with a GF Score™ of 54/100 and a GF Value™ of ₹562.88 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Tamilnad Mercantile Bank's Tax Expense for the three months ended in Mar. 2026 was ₹1,299 Mil. Tamilnad Mercantile Bank's Pre-Tax Income for the three months ended in Mar. 2026 was ₹5,035 Mil. Therefore, Tamilnad Mercantile Bank's Tax Rate % for the quarter that ended in Mar. 2026 was 25.79%.

Tamilnad Mercantile Bank Tax Rate % Related Terms

Tamilnad Mercantile Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for Tamilnad Mercantile Bank'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.

Tamilnad Mercantile Bank Tax Rate % Chart

Tamilnad Mercantile Bank Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial 0.00 0.00 23.07 24.91 25.96

Tamilnad Mercantile Bank Quarterly Data
Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.53 24.52 26.57 26.83 25.79
NSE:TMB
54GF Score
Tamilnad Mercantile Bank Ltd NSE:TMB
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Tamilnad Mercantile Bank Tax Rate % Calculation

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

Tamilnad Mercantile Bank'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 )
=4690.5/18066.031
=25.96 %

Tamilnad Mercantile Bank'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 )
=1298.7/5035.2
=25.79 %

* 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 25.79% mean?
Tamilnad Mercantile Bank (NSE:TMB) has a Tax Rate % of 25.79% as of Mar. 2026.
Is Tamilnad Mercantile Bank's Tax Rate % too high?
Tamilnad Mercantile Bank's current Tax Rate % is 25.79%. Overall, Tamilnad Mercantile Bank has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tamilnad Mercantile Bank's Tax Rate % compare to competitors?
Tamilnad Mercantile Bank's Tax Rate % of 25.79% can be compared against companies in the Banks 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 Banks company?
A good Tax Rate % depends on the Banks 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. Tamilnad Mercantile Bank's current Tax Rate % is 25.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamilnad Mercantile Bank stock overvalued right now?
Based on GuruFocus' analysis, Tamilnad Mercantile Bank (NSE:TMB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹562.88, compared to a current price of ₹893.65 — trading 58.8% above its estimated fair value. The current Tax Rate % is 25.79%. Tamilnad Mercantile Bank's overall GF Score™ is 54/100 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 Tamilnad Mercantile Bank (NSE:TMB), the current Tax Rate % is 25.79% 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 Tamilnad Mercantile Bank (NSE:TMB) Overvalued in 2026?

Based on GuruFocus' analysis, Tamilnad Mercantile Bank stock appears to be overvalued. The current stock price of ₹893.65 is trading 58.8% above its estimated GF Value™ of ₹562.88. GuruFocus considers Tamilnad Mercantile Bank to be Significantly Overvalued.

Key valuation signals for NSE:TMB:

  • Tax Rate %: 25.79%
  • GF Value™: ₹562.88 vs. price of ₹893.65 (58.8% above fair value)
  • GF Score™: 54/100 with 5 warning signs

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

Tamilnad Mercantile Bank Business Description

Other Exchanges 543596:India
Address No. 57, Victoria Extension Road, Tuticorin, TN, IND, 628 002
Tamilnad Mercantile Bank Ltd is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. 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 Operations. It generates the majority of its revenue from the Retail banking segment.
54GF Score

Get the complete analysis for NSE:TMB

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

₹893.65
Price
₹562.88
GF Value