Toronto Stock Exchange · Industrials
Invest in Velan stock from India
Indian and foreign residents can buy Velan (VLN) shares directly through Paasa.
By Paasa · Updated
Velan at a glance
- Price
- CA$18.25-CA$0.24 (1.30%)
- Market cap
- CA$393.94M
- Day range
- CA$18.25 – CA$18.25
- P/E
- -23.11
- Dividend yield
- 0.55%
- Volume
- 100.00
- 1 month
- -1.35%
- 6 months
- +15.87%
- YTD
- -2.14%
- 1 year
- +15.95%
- 5 years
- +125.31%
Velan statements, FY2022–FY2026
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $301.3M | $295.2M | $346.8M | $370.4M | $411.2M |
| Gross profit | $78.5M | $84.9M | $93.2M | $112.5M | $135.0M |
| Operating income | $10.8M | −$82.3M | −$6.0M | $24.3M | $38.6M |
| Net income | $172.5M | −$75.5M | −$19.7M | −$55.5M | −$10.3M |
| Earnings per share | $7.99 | −$3.50 | −$0.91 | −$2.57 | −$0.48 |
| EBITDA | $20.1M | −$72.8M | $5.6M | −$34.7M | $50.6M |
| Total assets | $346.3M | $502.0M | $479.4M | $477.9M | $508.4M |
| Total debt | $35.6M | $24.9M | $41.4M | $40.9M | $44.0M |
| Cash and short-term investments | $53.7M | $35.2M | $41.7M | $50.5M | $62.7M |
| Shareholders' equity | $181.3M | $97.9M | $182.2M | $199.9M | $264.8M |
| Operating cash flow | −$162.8M | $26.5M | $4.3M | $522.0K | $17.9M |
| Free cash flow | −$170.0M | $15.8M | −$4.9M | −$6.1M | $9.2M |
| Capital expenditure | −$7.2M | −$10.7M | −$9.2M | −$6.6M | −$8.6M |
Fiscal years as reported, the latest ending 28 Feb 2026. Figures in USD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Wajax | WJX.TO | CA$36.29 | CA$790.39M |
| Firan Technology | FTG.TO | CA$24.65 | CA$620.52M |
| Electrovaya | ELVA.TO | CA$8.99 | CA$445.07M |
| Anaergia | ANRG.TO | CA$2.34 | CA$401.43M |
| ADF | DRX.TO | CA$14.02 | CA$400.27M |
| Tornado Infrastructure Equipment | TGH.V | CA$1.92 | CA$265.83M |
| Gatekeeper Systems | GSI.V | CA$1.64 | CA$183.01M |
| PyroGenesis Canada | PYR.TO | CA$0.25 | CA$55.24M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Velan 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 VLN and buy
Find Velan by name or by its ticker, VLN, and place your order.
Why invest in Velan from India
What Velan does
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Sec… Velan operates in the Industrial - Machinery industry within the Industrials 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 Velan stock from India?
Yes. Indian residents and NRIs can buy Velan (VLN) shares directly through Paasa. Velan is listed on the Toronto Stock Exchange, in the Industrial - Machinery 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 Velan 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.