London Stock Exchange · Industrials
Invest in ITM Power stock from India
Indian and foreign residents can buy ITM Power (ITM) shares directly through Paasa.
By Paasa · Updated
ITM Power at a glance
- Price
- £1.03+£0.04 (3.62%)
- Market cap
- £711.60M
- Day range
- £0.99 – £1.04
- P/E
- -20.66
- Dividend yield
- None
- Volume
- 2.30M
- 1 month
- -2.18%
- 6 months
- +62.36%
- YTD
- +65.49%
- 1 year
- +40.85%
- 5 years
- -74.78%
ITM Power statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | £26.0M | £16.5M | £5.2M | £5.6M | £4.3M |
| Gross profit | −£23.7M | −£16.7M | −£83.0M | −£34.3M | −£14.7M |
| Operating income | −£54.5M | −£38.0M | −£100.8M | −£44.7M | −£26.7M |
| Net income | −£45.5M | −£27.2M | −£101.2M | −£46.7M | −£27.7M |
| Earnings per share | −£0.07 | −£0.04 | −£0.16 | −£0.08 | −£0.05 |
| EBITDA | −£37.0M | −£31.7M | −£96.0M | −£42.9M | −£24.9M |
| Total assets | £342.0M | £381.8M | £402.3M | £458.2M | £229.1M |
| Total debt | £12.3M | £12.7M | £7.8M | £7.1M | £6.5M |
| Cash and short-term investments | £207.0M | £230.3M | £283.3M | £366.2M | £176.1M |
| Shareholders' equity | £224.3M | £268.7M | £295.5M | £395.0M | £197.4M |
| Operating cash flow | −£20.0M | −£50.6M | −£68.0M | −£37.9M | −£20.1M |
| Free cash flow | −£32.9M | −£65.1M | −£83.1M | −£49.0M | −£32.0M |
| Capital expenditure | −£12.9M | −£14.5M | −£15.1M | −£11.2M | −£12.0M |
Fiscal years as reported, the latest ending 30 Apr 2025. Figures in GBP; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Ceres Power | CWR.L | £3.93 | £84.02B |
| Morgan Advanced Materials | MGAM.L | £2.66 | £73.53B |
| Costain | COST.L | £2.61 | £68.95B |
| Galliford Try | GFRD.L | £6.92 | £68.33B |
| Cohort | CHRT.L | £11.76 | £53.90B |
| James Halstead | JHD.L | £1.29 | £53.88B |
| Johnson Service | JSG.L | £1.37 | £49.80B |
| London Security | LSC.L | £37.50 | £45.97B |
Peers as grouped by the data provider. This is not an investment recommendation.
Analyst price targets
- Low
- —
- High
- —
- Median
- —
- Consensus
- —
Ratings: 3 buy · 0 hold · 0 sell. Consensus: Buy.
Published sell-side 12-month targets in GBP, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in ITM Power 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 ITM and buy
Find ITM Power by name or by its ticker, ITM, and place your order.
Why invest in ITM Power from India
What ITM Power does
ITM Power Plc, established in 2001 and headquartered in Sheffield, UK, is a specialist in hydrogen energy solutions. The company focuses on the development, production, and sale of sophisticated hydrogen systems, catering to energy storage, transportation, and various industrial sectors. ITM Power operates in the Industrial - Machinery industry within the Industrials 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 ITM Power 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 ITM Power stock from India?
Yes. Indian residents and NRIs can buy ITM Power (ITM) shares directly through Paasa. ITM Power is listed on the London Stock Exchange, in the Industrial - Machinery 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 ITM Power dividends taxed for Indian investors?
ITM Power 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 ITM Power 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 ITM Power 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 ITM Power alone.
Is there stamp duty when I buy ITM Power 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.