Toronto Stock Exchange · Energy
Invest in Source Energy Services stock from India
Indian and foreign residents can buy Source Energy Services (SHLE) shares directly through Paasa.
By Paasa · Updated
Source Energy Services at a glance
- Price
- CA$10.17+CA$0.33 (3.35%)
- Market cap
- CA$132.90M
- Day range
- CA$9.65 – CA$10.17
- P/E
- -10.38
- Dividend yield
- None
- Volume
- 37.91K
- 1 month
- -13.08%
- 6 months
- -32.78%
- YTD
- -33.05%
- 1 year
- -27.82%
- 5 years
- +636.96%
Source Energy Services statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | CA$700.3M | CA$674.0M | CA$569.7M | CA$415.9M | CA$319.9M |
| Gross profit | CA$93.9M | CA$127.3M | CA$109.4M | CA$58.1M | CA$39.3M |
| Operating income | CA$49.2M | CA$65.3M | CA$60.7M | CA$17.5M | CA$3.7M |
| Net income | CA$33.1M | CA$9.5M | CA$167.3M | −CA$2.9M | −CA$56.1M |
| Earnings per share | CA$2.48 | CA$0.70 | CA$12.35 | −CA$0.22 | −CA$4.14 |
| EBITDA | CA$114.6M | CA$102.7M | CA$223.9M | CA$55.8M | CA$36.9M |
| Total assets | CA$617.1M | CA$598.2M | CA$482.8M | CA$326.9M | CA$266.0M |
| Total debt | CA$277.3M | CA$274.9M | CA$221.8M | CA$295.7M | CA$221.5M |
| Cash and short-term investments | CA$19.9M | CA$32.7M | CA$0.0 | −CA$68.4M | −CA$38.4M |
| Shareholders' equity | CA$208.9M | CA$189.9M | CA$169.1M | CA$5.7M | CA$6.5M |
| Operating cash flow | CA$90.6M | CA$94.4M | CA$51.1M | CA$80.2M | CA$14.0M |
| Free cash flow | CA$30.8M | CA$51.1M | CA$29.0M | CA$65.0M | CA$7.5M |
| Capital expenditure | −CA$59.9M | −CA$43.3M | −CA$22.1M | −CA$15.2M | −CA$6.5M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Gran Tierra Energy | GTE.TO | CA$13.63 | CA$481.96M |
| Kolibri Global Energy | KEI.TO | CA$9.01 | CA$321.03M |
| ACT Energy Technologies | ACX.TO | CA$7.64 | CA$295.17M |
| Sintana Energy | SEI.V | CA$0.39 | CA$215.77M |
| Mega Uranium | MGA.TO | CA$0.55 | CA$211.15M |
| Reconnaissance Energy Africa | RECO.V | CA$0.55 | CA$209.79M |
| Hemisphere Energy | HME.V | CA$2.22 | CA$209.54M |
| Pulse Seismic | PSD.TO | CA$2.90 | CA$147.07M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Source Energy Services 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 SHLE and buy
Find Source Energy Services by name or by its ticker, SHLE, and place your order.
Why invest in Source Energy Services from India
What Source Energy Services does
Source Energy Services Ltd. is a major supplier of Northern White frac sand, a specialized material essential for hydraulic fracturing in the upstream oil and gas sector. The company's operations span Western Canada and the United States, where it manufactures, delivers, and distributes this crucial proppant. Source Energy Services operates in the Oil & Gas Equipment & Services industry within the Energy 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 Source Energy Services stock from India?
Yes. Indian residents and NRIs can buy Source Energy Services (SHLE) shares directly through Paasa. Source Energy Services is listed on the Toronto Stock Exchange, in the Oil & Gas Equipment & Services 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 Source Energy Services 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.