Toronto Stock Exchange · Energy
Invest in Flint stock from India
Indian and foreign residents can buy Flint (FLNT) shares directly through Paasa.
By Paasa · Updated
Flint at a glance
- Price
- CA$1.33-CA$0.16 (10.74%)
- Market cap
- CA$146.30M
- Day range
- CA$1.33 – CA$1.52
- P/E
- -5.78
- Dividend yield
- None
- Volume
- 3.31K
- 1 month
- -3.62%
- 6 months
- -26.11%
- YTD
- -2.21%
- 1 year
- -21.76%
- 5 years
- -52.50%
Flint statements, FY2017–FY2021
| Fiscal year | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | CA$389.4M | CA$393.1M | CA$464.3M | CA$378.3M | CA$357.1M |
| Gross profit | CA$40.3M | CA$33.7M | CA$51.6M | CA$27.1M | CA$30.4M |
| Operating income | CA$6.4M | CA$27.6M | CA$8.1M | −CA$484.0K | CA$2.1M |
| Net income | −CA$25.0M | CA$3.5M | −CA$4.7M | −CA$31.6M | −CA$35.9M |
| Earnings per share | −CA$0.23 | CA$0.03 | −CA$0.04 | −CA$0.29 | −CA$0.33 |
| EBITDA | CA$19.3M | CA$36.6M | CA$22.1M | −CA$13.9M | −CA$7.4M |
| Total assets | CA$205.5M | CA$215.6M | CA$257.6M | CA$111.6M | CA$132.6M |
| Total debt | CA$197.1M | CA$200.0M | CA$219.1M | CA$135.9M | CA$203.1M |
| Cash and short-term investments | CA$21.7M | CA$30.5M | CA$7.1M | CA$10.8M | CA$4.6M |
| Shareholders' equity | −CA$29.3M | −CA$19.9M | −CA$23.4M | −CA$58.4M | −CA$138.9M |
| Operating cash flow | CA$2.2M | CA$60.0M | −CA$20.2M | −CA$12.2M | −CA$27.7M |
| Free cash flow | CA$695.0K | CA$57.8M | −CA$24.3M | −CA$13.1M | −CA$30.5M |
| Capital expenditure | −CA$1.5M | −CA$2.3M | −CA$4.1M | −CA$937.0K | −CA$2.7M |
Fiscal years as reported, the latest ending 31 Dec 2021. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Royal Helium | RHC.V | CA$0.02 | CA$7.16M |
| Jura Energy | JEC.V | CA$0.10 | CA$6.56M |
| Madison Metals | GREN.CN | $0.23 | $6.41M |
| Razor Energy | RZE.V | CA$0.14 | CA$4.94M |
| Wolverine Energy and Infrastructure | WEII.V | CA$0.04 | CA$4.41M |
| Pambili Natural Resources | PNN.V | CA$0.06 | CA$3.33M |
| Decklar Resources | DKL.V | CA$0.03 | CA$2.75M |
| Three Sixty Solar | VSOL.NE | CA$0.02 | CA$2.07M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Flint from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search FLNT and buy
Find Flint by name or by its ticker, FLNT, and place your order.
Why invest in Flint from India
What Flint does
Operating across Canada and the United States, Flint Corp. delivers a comprehensive array of production services tailored for the upstream, midstream, and downstream sectors. Its extensive service portfolio includes industrial maintenance and scheduled turnarounds, facility construction, precision fabrication, modular assembly, and machining. Flint operates in the Oil & Gas Equipment & Services industry within the Energy sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Flint stock from India?
Yes. Indian residents and NRIs can buy Flint (FLNT) shares directly through Paasa. Flint is listed on the Toronto Stock Exchange, in the Oil & Gas Equipment & Services industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Flint shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.