First Tractor Company Limited
First Tractor Company Limited (HKSE: 38) is trading at HK$8.55, about ₹105 at today's HKD/INR rate, as of 28 Sep 2026, 4:08 AM ET, down 1.95% today. Indian residents can buy First Tractor from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$8.54
Today's high
HK$8.86
52 week low
HK$6.33
52 week high
HK$10.60
38 opened at HK$8.60, closed previously at HK$8.72, and has traded between HK$6.33 and HK$10.60 over the past 52 weeks.
About
First Tractor Co., Ltd. engages in the research, development, manufacture, and sale of agricultural machinery and power machinery as well as their parts and components. It operates through the following business segments: Agricultural machinery, Power machinery, and Finance. The Agricultural machinery segment involves in the research, development, manufacture, and sale of wheeled and crawler tractors as well as related parts such as forgings, gears, and gearboxes. The Power machinery segment includes off-read diesel engines as well as parts such as fuel pumps and injectors. The Finance segment provides capital settlement, deposit and loan, finance lease, buyer credit, and investment services through non-bank financial institution subsidiaries. The company was founded in 1955 and is headquartered in Luoyang, China.
Key statistics
Avg. volume
3.97M
Market cap
HK$16.32B
P/E Ratio
18.41
Price-to-sales ratio
1.10
Enterprise value
CN¥14.43B
Free cash flow yield
12.39%
Debt-to-equity ratio
0.38
Return on equity
10.33%
ROIC
5.33%
Beta
1.22
Dividend yield
0.51%
Last dividend
HK$0.30
Financial overview
Revenue
CN¥10.82B
Earnings per share
CN¥0.72
Free cash flow
CN¥840.26M
Net profit margin
7.00%
Gross margin
15.25%
EBITDA
CN¥881.53M
Revenue growth
-9.09%
Similar securities
This is not an investment recommendation
How to buy First Tractor from India
Indian residents can buy First Tractor shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for First Tractor and place an order
Find First Tractor by name or by its ticker, 38, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. First Tractor trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your First Tractor position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in First Tractor from India
Trading and taxes when buying First Tractor from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. First Tractor’s current yield is 0.51%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy First Tractor stock?
Yes. First Tractor (38) has been listed on the Hong Kong Stock Exchange since 1997, in the Agricultural - Machinery industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one First Tractor share cost in rupees?
One First Tractor share is HK$8.55 — about ₹105 at an HKD/INR rate of 12.24 on 27 Sep 2026. Both the First Tractor price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying First Tractor from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of First Tractor?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on First Tractor shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the First Tractor price. Paasa issues a capital-gains statement for your return.
Does First Tractor pay a dividend, and how is it taxed in India?
Yes. First Tractor pays a dividend and the current yield is 0.51%; the last declared dividend was HK$0.30 per share, about ₹3.66. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade First Tractor from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is First Tractor a Hong Kong SAR China company, and does that change how it is taxed?
First Tractor trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. First Tractor trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare First Tractor shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your First Tractor holding, its cost and its closing value.
How do I sell First Tractor and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.