Singapore Exchange · Consumer Defensive
Invest in Sheng Siong stock from India
Indian and foreign residents can buy Sheng Siong (OV8) shares directly through Paasa.
By Paasa · Updated
Sheng Siong at a glance
- Price
- S$3.26+S$0.01 (0.31%)
- Market cap
- S$4.90B
- Day range
- S$3.23 – S$3.27
- P/E
- 31.08
- Dividend yield
- 2.32%
- Volume
- 1.61M
- 1 month
- +2.19%
- 6 months
- +18.12%
- YTD
- +23.95%
- 1 year
- +56.73%
- 5 years
- +120.27%
Sheng Siong statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | S$1.6B | S$1.4B | S$1.4B | S$1.3B | S$1.4B |
| Gross profit | S$491.6M | S$435.5M | S$410.5M | S$393.5M | S$393.3M |
| Operating income | S$159.4M | S$159.7M | S$155.4M | S$162.2M | S$162.2M |
| Net income | S$149.5M | S$137.5M | S$133.7M | S$133.3M | S$132.8M |
| Earnings per share | S$0.10 | S$0.09 | S$0.09 | S$0.09 | S$0.09 |
| EBITDA | S$248.9M | S$230.9M | S$219.7M | S$218.4M | S$215.0M |
| Total assets | S$1.1B | S$935.1M | S$830.2M | S$785.1M | S$739.0M |
| Total debt | S$174.4M | S$125.6M | S$101.3M | S$95.7M | S$81.7M |
| Cash and short-term investments | S$435.5M | S$353.4M | S$324.4M | S$275.5M | S$246.6M |
| Shareholders' equity | S$588.0M | S$534.9M | S$493.8M | S$452.2M | S$413.4M |
| Operating cash flow | S$245.8M | S$219.0M | S$188.3M | S$166.8M | S$172.7M |
| Free cash flow | S$224.9M | S$200.8M | S$178.1M | S$158.0M | S$141.0M |
| Capital expenditure | −S$20.9M | −S$18.2M | −S$10.2M | −S$8.8M | −S$31.7M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in SGD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| First Resources | EB5.SI | S$4.49 | S$6.96B |
| Golden Agri-Resources | E5H.SI | S$0.32 | S$4.06B |
| Bumitama Agri | P8Z.SI | S$2.12 | S$3.68B |
| Olam | VC2.SI | S$0.97 | S$3.66B |
| Fraser and Neave | F99.SI | S$1.38 | S$2.01B |
| Food Empire | F03.SI | S$1.97 | S$1.30B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Sheng Siong 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 OV8 and buy
Find Sheng Siong by name or by its ticker, OV8, and place your order.
Why invest in Sheng Siong from India
What Sheng Siong does
Sheng Siong Group Ltd. operates primarily as an investment holding entity, though its core business revolves around an extensive network of supermarket retail outlets situated throughout Singapore. These stores are renowned for their diverse selection of consumer goods, offering everything from perishable items like fresh seafood, various meats, fruits, and vegetables, to fundamental pantry staples suchles as rice, noodles, cooking oils, and an array of spices. Sheng Siong operates in the Grocery Stores industry within the Consumer Defensive 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 Sheng Siong stock from India?
Yes. Indian residents and NRIs can buy Sheng Siong (OV8) shares directly through Paasa. Sheng Siong is listed on the Singapore Exchange, in the Grocery Stores 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 Sheng Siong dividends taxed for Indian investors?
Singapore levies 0% withholding tax on dividends from resident companies. Dividends are taxed at your slab rate in India. Sheng Siong’s current yield is 2.32%. 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 Sheng Siong 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 Sheng Siong 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.