Singapore Exchange · Healthcare
Invest in Riverstone stock from India
Indian and foreign residents can buy Riverstone (AP4) shares directly through Paasa.
By Paasa · Updated
Riverstone at a glance
- Price
- S$0.77-S$0.01 (0.65%)
- Market cap
- S$1.13B
- Day range
- S$0.76 – S$0.78
- P/E
- 17.05
- Dividend yield
- 6.89%
- Volume
- 557.20K
- 1 month
- -1.29%
- 6 months
- +13.33%
- YTD
- -12.07%
- 1 year
- +6.99%
- 5 years
- -14.04%
Riverstone statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | MYR 958.2M | MYR 1.1B | MYR 914.8M | MYR 1.3B | MYR 3.1B |
| Gross profit | MYR 287.5M | MYR 390.1M | MYR 295.5M | MYR 450.3M | MYR 1.9B |
| Operating income | MYR 239.4M | MYR 358.7M | MYR 279.4M | MYR 417.0M | MYR 1.9B |
| Net income | MYR 200.0M | MYR 286.9M | MYR 220.4M | MYR 314.4M | MYR 1.4B |
| Earnings per share | MYR 0.14 | MYR 0.19 | MYR 0.15 | MYR 0.21 | MYR 0.96 |
| EBITDA | MYR 308.2M | MYR 423.6M | MYR 339.8M | MYR 479.9M | MYR 1.9B |
| Total assets | MYR 1.6B | MYR 1.8B | MYR 1.8B | MYR 2.0B | MYR 2.7B |
| Total debt | MYR 0.0 | MYR 494.0K | MYR 1.0M | MYR 0.0 | MYR 1.6M |
| Cash and short-term investments | MYR 630.2M | MYR 716.3M | MYR 863.2M | MYR 1.0B | MYR 1.6B |
| Shareholders' equity | MYR 1.5B | MYR 1.6B | MYR 1.7B | MYR 1.9B | MYR 2.3B |
| Operating cash flow | MYR 294.9M | MYR 307.0M | MYR 249.1M | MYR 416.0M | MYR 1.6B |
| Free cash flow | MYR 214.2M | MYR 227.2M | MYR 197.4M | MYR 282.6M | MYR 1.4B |
| Capital expenditure | −MYR 80.6M | −MYR 79.8M | −MYR 51.7M | −MYR 133.4M | −MYR 156.3M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in MYR; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Raffles Medical | BSL.SI | S$0.83 | S$1.53B |
| Thomson Medical | A50.SI | S$0.05 | S$1.38B |
| Q & M Dental Group (Singapore) | QC7.SI | S$0.50 | S$474.10M |
| HC Surgical Specialists | 1B1.SI | S$0.36 | S$55.22M |
| Singapore Institute of Advanced Medicine | 9G2.SI | S$0.03 | S$48.27M |
| UG Healthcare | 8K7.SI | S$0.08 | S$46.79M |
| Cordlife | P8A.SI | S$0.12 | S$31.01M |
| Medi Lifestyle | Z4D.SI | S$0.05 | S$30.63M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Riverstone 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 SGD when you buy.
Step 3
Search AP4 and buy
Find Riverstone by name or by its ticker, AP4, and place your order.
Why invest in Riverstone from India
What Riverstone does
Riverstone Holdings Limited, an investment holding company, primarily manufactures and distributes gloves for both cleanroom and healthcare applications from its base in Malaysia. Its extensive cleanroom product line encompasses finger cots, static-shielding and packaging bags, face masks, and wipers. Riverstone operates in the Medical - Instruments & Supplies industry within the Healthcare 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 Riverstone stock from India?
Yes. Indian residents and NRIs can buy Riverstone (AP4) shares directly through Paasa. Riverstone is listed on the Singapore Exchange, in the Medical - Instruments & Supplies 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 Riverstone dividends taxed for Indian investors?
Singapore levies 0% withholding tax on dividends from resident companies. Dividends are taxed at your slab rate in India. Riverstone’s current yield is 6.89%. Paasa's dividend report lists the gross dividend and any tax withheld for each payment, which is what you need when you file.
What tax do I pay in India when I sell Riverstone shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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 SGD/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.
Would my heirs owe estate tax on Riverstone shares?
Singapore imposes no estate or inheritance tax on listed securities. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.