London Stock Exchange · Basic Materials
Invest in Galileo Resources stock from India
Indian and foreign residents can buy Galileo Resources (GLR) shares directly through Paasa.
By Paasa · Updated
Galileo Resources at a glance
- Price
- £0.01-£0.00 (0.85%)
- Market cap
- £11.35M
- Day range
- £0.01 – £0.01
- P/E
- -13.63
- Dividend yield
- None
- Volume
- 1.29M
- 1 month
- +2.25%
- 6 months
- -0.85%
- YTD
- -3.76%
- 1 year
- -6.51%
- 5 years
- -37.08%
Galileo Resources statements, FY2020–FY2024
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | £0.0 | £0.0 | £0.0 | £0.0 | £0.0 |
| Gross profit | £0.0 | £0.0 | £0.0 | £0.0 | £0.0 |
| Operating income | −£1.4M | −£1.1M | −£1.5M | −£1.3M | −£1.5M |
| Net income | £1.5M | −£1.1M | −£1.5M | £1.5M | £87.9K |
| Earnings per share | £0.00 | −£0.00 | −£0.00 | £0.00 | £0.00 |
| EBITDA | £1.7M | −£1.1M | −£790.0K | −£1.3M | −£1.5M |
| Total assets | £13.3M | £13.9M | £12.7M | £14.4M | £10.2M |
| Total debt | £0.0 | £0.0 | £0.0 | £0.0 | £0.0 |
| Cash and short-term investments | £1.7M | £52.2K | £1.5M | £4.6M | £1.4M |
| Shareholders' equity | £12.4M | £11.0M | £12.4M | £13.9M | £9.4M |
| Operating cash flow | −£1.2M | −£1.0M | −£1.5M | −£901.2K | −£1.2M |
| Free cash flow | −£1.2M | −£1.5M | −£2.7M | −£2.5M | −£1.6M |
| Capital expenditure | £0.0 | −£402.2K | −£1.2M | −£1.6M | −£453.7K |
Fiscal years as reported, the latest ending 31 Mar 2025. Figures in GBP; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Critical Metals | CRTM.L | £0.26 | £26.46M |
| Arc Minerals | ARCM.L | £0.01 | £15.99M |
| Cadence Minerals | KDNC.L | £0.05 | £15.42M |
| Oriole Resources | ORR.L | £0.00 | £14.20M |
| GreenRoc Strategic Materials | GROC.L | £0.04 | £12.48M |
| Artemis Resources | ARV.L | £0.00 | £10.56M |
| Vast Resources | VAST.L | £0.04 | £6.59M |
| Thor Mining | THR.L | £0.01 | £5.34M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Galileo Resources 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 GBP when you buy.
Step 3
Search GLR and buy
Find Galileo Resources by name or by its ticker, GLR, and place your order.
Why invest in Galileo Resources from India
What Galileo Resources does
Galileo Resources Plc is a company focused on identifying and advancing mineral resource projects across various international locations, including South Africa, Botswana, the United Kingdom, and the United States. Its exploration efforts span a diverse range of commodities, such as zinc, rare earths, aggregates, iron, manganese, copper, and gold, along with other non-ferrous metals. Galileo Resources operates in the Industrial Materials industry within the Basic Materials 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.
Here's what inheritance rules in the UK mean for your Galileo Resources shares.
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents.
Frequently asked questions
Can I buy Galileo Resources stock from India?
Yes. Indian residents and NRIs can buy Galileo Resources (GLR) shares directly through Paasa. Galileo Resources is listed on the London Stock Exchange, in the Industrial Materials industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Galileo Resources dividends taxed for Indian investors?
Galileo Resources does not currently pay a dividend, so there is nothing to withhold or declare today. If it starts paying one, the UK levies 0% withholding tax on company dividends paid to non-residents, and dividends are taxed at your slab rate in India.
What tax do I pay in India when I sell Galileo Resources shares?
Non-residents are exempt from UK capital gains tax on the disposal of listed 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 GBP/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.
What happens to my Galileo Resources shares if I pass away?
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents. The rule looks at everything you hold there, not at Galileo Resources alone.
Is there stamp duty when I buy Galileo Resources shares?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.