Toronto Stock Exchange · Utilities
Invest in Fortis stock from India
Indian and foreign residents can buy Fortis (FTS) shares directly through Paasa.
By Paasa · Updated
Fortis at a glance
- Price
- CA$75.23-CA$0.01 (0.01%)
- Market cap
- CA$38.30B
- Day range
- CA$74.54 – CA$75.36
- P/E
- 22.06
- Dividend yield
- 3.40%
- Volume
- 1.19M
- 1 month
- -1.09%
- 6 months
- -2.67%
- YTD
- +5.42%
- 1 year
- +7.90%
- 5 years
- +33.89%
Fortis statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | CA$12.2B | CA$11.5B | CA$11.5B | CA$11.0B | CA$9.4B |
| Gross profit | CA$8.8B | CA$5.2B | CA$4.9B | CA$4.4B | CA$4.0B |
| Operating income | CA$3.5B | CA$3.3B | CA$3.1B | CA$2.7B | CA$2.5B |
| Net income | CA$1.8B | CA$1.7B | CA$1.6B | CA$1.4B | CA$1.3B |
| Earnings per share | CA$3.40 | CA$3.24 | CA$3.10 | CA$2.78 | CA$2.61 |
| EBITDA | CA$5.9B | CA$5.3B | CA$4.9B | CA$4.5B | CA$4.0B |
| Total assets | CA$74.8B | CA$75.1B | CA$67.4B | CA$65.9B | CA$59.0B |
| Total debt | CA$34.7B | CA$33.7B | CA$30.0B | CA$29.0B | CA$25.9B |
| Cash and short-term investments | CA$367.0M | CA$220.0M | CA$625.0M | CA$209.0M | CA$131.0M |
| Shareholders' equity | CA$23.8B | CA$23.8B | CA$21.5B | CA$21.0B | CA$19.3B |
| Operating cash flow | CA$4.1B | CA$3.9B | CA$3.5B | CA$3.1B | CA$2.9B |
| Free cash flow | −CA$2.2B | −CA$1.3B | −CA$624.0M | −CA$791.0M | −CA$479.0M |
| Capital expenditure | −CA$6.2B | −CA$5.2B | −CA$4.2B | −CA$3.9B | −CA$3.4B |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Hydro One | H.TO | CA$51.06 | CA$30.64B |
| Brookfield Infrastructure Partners | BIP-UN.TO | CA$50.36 | CA$23.19B |
| Emera | EMA.TO | CA$67.93 | CA$20.78B |
| Emera | EMA-PC.TO | CA$25.84 | CA$18.09B |
| AltaGas | ALA.TO | CA$52.28 | CA$16.31B |
| Brookfield Infrastructure Partners | BIP-PE.TO | CA$25.67 | CA$11.82B |
| Canadian Utilities | CU.TO | CA$50.59 | CA$10.41B |
| Capital Power | CPX.TO | CA$61.48 | CA$9.66B |
Peers as grouped by the data provider. This is not an investment recommendation.
Analyst price targets
- Low
- —
- High
- —
- Median
- —
- Consensus
- —
Ratings: 4 buy · 8 hold · 1 sell. Consensus: Hold.
Published sell-side 12-month targets in CAD, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in Fortis 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 FTS and buy
Find Fortis by name or by its ticker, FTS, and place your order.
Why invest in Fortis from India
What Fortis does
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). Fortis operates in the Regulated Electric industry within the Utilities 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 Fortis stock from India?
Yes. Indian residents and NRIs can buy Fortis (FTS) shares directly through Paasa. Fortis is listed on the Toronto Stock Exchange, in the Regulated Electric 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 Fortis 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.