NASDAQ · Technology
Invest in Joint Stock Company Kaspi.kz stock from India
Indian and foreign residents can buy Joint Stock Company Kaspi.kz (KSPI) shares directly through Paasa.
By Paasa · Updated
Joint Stock Company Kaspi.kz at a glance
- Price
- $95.67+$2.88 (3.10%)
- Market cap
- $18.18B
- Day range
- $92.90 – $95.99
- P/E
- 7.74
- Dividend yield
- 5.97%
- Volume
- 408.22K
- 1 month
- -11.15%
- 6 months
- +29.00%
- YTD
- +22.45%
- 1 year
- +13.89%
- 5 years
- -0.31%
Joint Stock Company Kaspi.kz statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | KZT 3.9T | KZT 2.5T | KZT 1.9T | KZT 1.3T | KZT 885.5B |
| Gross profit | KZT 2.9T | KZT 1.6T | KZT 1.2T | KZT 1.2T | KZT 812.1B |
| Operating income | KZT 1.3T | KZT 1.3T | KZT 998.8B | KZT 1.1T | KZT 735.3B |
| Net income | KZT 1.0T | KZT 1.0T | KZT 841.4B | KZT 585.0B | KZT 431.9B |
| Earnings per share | KZT 5,464.06 | KZT 5,474.35 | KZT 4,431.43 | KZT 3,051.00 | KZT 2,247.00 |
| EBITDA | KZT 2.2T | KZT 1.3T | KZT 1.0T | KZT 1.0T | KZT 713.6B |
| Total assets | KZT 11.1T | KZT 8.4T | KZT 6.8T | KZT 5.1T | KZT 3.6T |
| Total debt | KZT 470.6B | KZT 221.5B | KZT 222.2B | KZT 267.1B | KZT 310.5B |
| Cash and short-term investments | KZT 2.1T | KZT 2.1T | KZT 2.2T | KZT 1.7T | KZT 948.6B |
| Shareholders' equity | KZT 2.5T | KZT 1.5T | KZT 1.1T | KZT 819.2B | KZT 499.7B |
| Operating cash flow | KZT 673.6B | KZT 581.9B | KZT 1.1T | KZT 1.0T | KZT 70.4B |
| Free cash flow | KZT 491.1B | KZT 486.2B | KZT 1.1T | KZT 961.5B | KZT 45.5B |
| Capital expenditure | −KZT 182.5B | −KZT 95.7B | −KZT 50.3B | −KZT 59.5B | −KZT 24.9B |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in KZT; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Okta | OKTA | $195.19 | $32.42B |
| Rubrik | RBRK | $109.55 | $22.55B |
| Dynatrace | DT | $57.95 | $16.89B |
| Akamai Technologies | AKAM | $113.94 | $16.57B |
| Gen Digital | GEN | $21.62 | $12.94B |
| QXO | QXO | $12.43 | $12.90B |
| DocuSign | DOCU | $67.50 | $12.89B |
| SailPoint | SAIL | $20.64 | $11.71B |
Peers as grouped by the data provider. This is not an investment recommendation.
Analyst price targets
- Low
- $100.00
- High
- $115.00
- Median
- $107.50
- Consensus
- $107.50
Ratings: 1 buy · 2 hold · 0 sell. Consensus: Hold.
Published sell-side 12-month targets in USD, aggregated by the data provider. They are not Paasa's view and not a forecast.
How to invest in Joint Stock Company Kaspi.kz 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 KSPI and buy
Find Joint Stock Company Kaspi.kz by name or by its ticker, KSPI, 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 Joint Stock Company Kaspi.kz from India
What Joint Stock Company Kaspi.kz does
Joint Stock Company Kaspi.kz, established in 2008 and based in Almaty, Kazakhstan, operates alongside its subsidiaries to deliver a comprehensive suite of digital services encompassing payments, e-commerce, and financial technology. These offerings cater to both individual consumers and a diverse range of merchants. Joint Stock Company Kaspi.kz operates in the Software - Infrastructure industry within the Technology sector.
Hold a dollar asset
Joint Stock Company Kaspi.kz 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 Joint Stock Company Kaspi.kz 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 Joint Stock Company Kaspi.kz stock from India?
Yes. Indian residents and NRIs can buy Joint Stock Company Kaspi.kz (KSPI) shares directly through Paasa. Joint Stock Company Kaspi.kz is listed on NASDAQ, in the Software - Infrastructure 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 Joint Stock Company Kaspi.kz share?
No. You can buy part of one Joint Stock Company Kaspi.kz share and add to your position over time. One share is $95.67, and you can buy whole shares or any fraction; there is no minimum trade size.
How are Joint Stock Company Kaspi.kz dividends taxed for Indian investors?
Joint Stock Company Kaspi.kz trades on NASDAQ but is domiciled in Kazakhstan, so any withholding on its dividends follows that country's rules rather than those of the US. What trades there is a depositary receipt over Joint Stock Company Kaspi.kz shares rather than the ordinary share itself. 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 Joint Stock Company Kaspi.kz 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.