NASDAQ · Industrials
Invest in Highway stock from India
Indian and foreign residents can buy Highway (HIHO) shares directly through Paasa.
By Paasa · Updated
Highway at a glance
- Price
- $0.91-$0.02 (2.16%)
- Market cap
- $4.21M
- Day range
- $0.89 – $0.93
- P/E
- -2.82
- Dividend yield
- 5.50%
- Volume
- 41.00K
- 1 month
- +0.00%
- 6 months
- +16.64%
- YTD
- -42.78%
- 1 year
- -45.52%
- 5 years
- -75.74%
Highway statements, FY2022–FY2026
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $4.8M | $7.4M | $6.3M | $10.2M | $12.4M |
| Gross profit | $1.4M | $2.5M | $1.7M | $3.1M | $3.8M |
| Operating income | −$2.2M | −$535.0K | −$769.0K | −$477.0K | $567.0K |
| Net income | −$1.5M | $106.0K | −$959.0K | −$294.0K | $443.0K |
| Earnings per share | −$0.33 | $0.02 | −$0.22 | −$0.07 | $0.11 |
| EBITDA | −$1.5M | $756.0K | −$381.0K | $828.0K | $1.7M |
| Total assets | $11.3M | $9.6M | $11.3M | $13.9M | $14.9M |
| Total debt | $3.2M | $810.0K | $1.4M | $2.1M | $1.2M |
| Cash and short-term investments | $4.4M | $6.2M | $6.6M | $7.0M | $7.4M |
| Shareholders' equity | $4.9M | $6.3M | $6.6M | $8.2M | $9.3M |
| Operating cash flow | −$1.4M | −$360.0K | $415.0K | $809.0K | −$164.0K |
| Free cash flow | −$1.5M | −$461.0K | $297.0K | $717.0K | −$298.0K |
| Capital expenditure | −$103.0K | −$101.0K | −$118.0K | −$92.0K | −$134.0K |
Fiscal years as reported, the latest ending 31 Mar 2026. Figures in USD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| OceanPal | OP | $6.01 | $187.04M |
| Antelope Enterprise | AEHL | $9.36 | $9.12M |
| SKK | SKK | $4.44 | $7.33M |
| DevvStream | DEVS | $0.15 | $5.37M |
| Iveda Solutions | IVDA | $0.30 | $3.52M |
| Intelligent | INTJ | $2.70 | $2.76M |
| Galaxy Payroll | GLXG | $1.13 | $2.22M |
| CDT Environmental Technology Investment | CDTG | $1.23 | $665.43K |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Highway 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.
Step 3
Search HIHO and buy
Find Highway by name or by its ticker, HIHO, and place your order. Fractional shares are available and there is no minimum trade size, so you can buy by amount instead of whole shares.
Why invest in Highway from India
What Highway does
Highway Holdings Limited, including its various subsidiaries, is primarily involved in the creation and distribution of a wide array of components, subassemblies, and complete products. These offerings encompass metal, plastic, electrical, and electronic categories, catering mainly to original equipment manufacturers (OEMs) and contract-based production companies. Highway operates in the Manufacturing - Metal Fabrication industry within the Industrials sector.
Hold a dollar asset
Highway shares are priced in US dollars, so a weaker rupee adds to what they're worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a share
Buy by amount, not by share, and get the matching fraction of one Highway share. There is no minimum trade size.
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 Highway stock from India?
Yes. Indian residents and NRIs can buy Highway (HIHO) shares directly through Paasa. Highway is listed on NASDAQ, in the Manufacturing - Metal Fabrication industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Highway share?
No. You can buy part of one Highway share and add to your position over time. One share is $0.91, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Highway dividends taxed for Indian investors?
Highway trades on NASDAQ but is domiciled in Hong Kong SAR China, so any withholding on its dividends follows that country's rules rather than those of the US. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Highway shares?
The US does not levy capital gains tax on shares for Indian residents. 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 USD/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.