Toronto Stock Exchange · Financial Services
Invest in Power Financial stock from India
Indian and foreign residents can buy Power Financial (PWF-PZ) shares directly through Paasa.
By Paasa · Updated
Power Financial at a glance
- Price
- CA$22.06-CA$0.24 (1.08%)
- Market cap
- CA$19.27B
- Day range
- CA$22.06 – CA$22.30
- P/E
- 0.00
- Dividend yield
- 5.84%
- Volume
- 3.54K
- 1 month
- -4.87%
- 6 months
- -0.54%
- YTD
- -4.71%
- 1 year
- -3.92%
- 5 years
- -17.53%
Power Financial statements, FY2015–FY2019
| Fiscal year | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | CA$47.8B | CA$47.0B | CA$49.9B | CA$49.1B | CA$36.5B |
| Gross profit | CA$12.8B | CA$47.0B | CA$49.9B | CA$49.1B | CA$36.5B |
| Operating income | CA$3.8B | CA$3.3B | CA$2.8B | CA$3.0B | CA$3.5B |
| Net income | CA$2.1B | CA$2.4B | CA$1.9B | CA$2.0B | CA$2.4B |
| Earnings per share | CA$0.00 | CA$2.73 | CA$2.12 | CA$2.34 | CA$2.80 |
| EBITDA | CA$4.7B | CA$3.7B | CA$3.1B | CA$3.3B | CA$3.8B |
| Total assets | CA$471.4B | CA$447.1B | CA$440.2B | CA$418.6B | CA$417.6B |
| Total debt | CA$9.3B | CA$8.9B | CA$8.6B | CA$8.1B | CA$7.6B |
| Cash and short-term investments | CA$6.3B | CA$5.6B | CA$5.3B | CA$4.4B | CA$4.2B |
| Shareholders' equity | CA$20.8B | CA$21.6B | CA$20.5B | CA$19.5B | CA$19.6B |
| Operating cash flow | CA$6.7B | CA$7.1B | CA$7.3B | CA$6.9B | CA$5.7B |
| Free cash flow | CA$5.2B | CA$5.3B | CA$7.3B | CA$6.9B | CA$5.7B |
| Capital expenditure | −CA$1.5B | −CA$1.8B | CA$0.0 | CA$0.0 | CA$0.0 |
Fiscal years as reported, the latest ending 31 Dec 2019. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Great-West Lifeco | GWO.TO | CA$92.74 | CA$83.02B |
| National Bank of Canada | NA.TO | CA$210.15 | CA$80.94B |
| Power Corporation of Canada | POW.TO | CA$93.45 | CA$59.40B |
| Intact Financial | IFC.TO | CA$248.00 | CA$43.73B |
| IGM Financial | IGM.TO | CA$83.50 | CA$19.33B |
| iA Financial | IAG.TO | CA$207.88 | CA$18.50B |
| Galaxy Digital | GLXY.TO | CA$28.26 | CA$11.05B |
| E-L Financial | ELF.TO | CA$17.62 | CA$6.10B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Power Financial 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 PWF-PZ and buy
Find Power Financial by name or by its ticker, PWF-PZ, and place your order.
Why invest in Power Financial from India
What Power Financial does
Power Financial Corporation, an international management and holding company, provides financial and asset management services in Canada and internationally. It offers life, disability, critical illness, accidental death, dismemberment, health, dental protection, and creditor insurance products; retirement and investment management services; reinsurance; financial planning, investment advisory, and related financial services; and wealth savings, income, annuity, and speciality products. Power Financial operates in the Financial - Conglomerates industry within the Financial Services 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 Power Financial stock from India?
Yes. Indian residents and NRIs can buy Power Financial (PWF-PZ) shares directly through Paasa. Power Financial is listed on the Toronto Stock Exchange, in the Financial - Conglomerates 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 Power Financial 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.