Honghua Group Limited
Honghua Group Limited (HKSE: 196) is trading at HK$0.10, about ₹1 at today's HKD/INR rate, as of 30 Sep 2026, 3:28 AM ET, up 3.23% today. Indian residents can buy Honghua from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.10
Today's high
HK$0.10
52 week low
HK$0.09
52 week high
HK$0.26
196 opened at HK$0.10, closed previously at HK$0.09, and has traded between HK$0.09 and HK$0.26 over the past 52 weeks.
About
Honghua Group Limited functions as an investment holding enterprise, specializing in the complete lifecycle of onshore drilling rigs, encompassing their research, development, manufacturing, deployment, and sale, along with associated components. The company's operations are divided into key segments: Land Drilling Rigs; Parts and Components and Other offerings; Drilling Engineering Services; and Fracturing. Its production capabilities span fundamental rig structures like masts and substructures, alongside hoisting, rotation, and high/low-pressure mud systems. Honghua also fabricates crucial electrical equipment, including VFD, SCR, and MCC systems, drilling motors, and comprehensive well site power and lighting. Additionally, it produces auxiliary items such as mud tanks, solids control apparatus, and drill floor tools. Beyond equipment, the group delivers an array of oil and gas engineering services, notably well drilling, directional drilling, and seismic services, catering to major global clients including CNOOC and Shell. The company further provides diverse financial leasing solutions, from direct financing and operating leases to sale-and-leaseback options. Its broad activities also include manufacturing drilling rig panels, trading drilling equipment, designing offshore drilling modules, and offering extensive technical support, drilling and fracturing engineering, and after-sales services covering installation, commissioning, and problem resolution. Founded in 1997 and based in Chengdu, China, Honghua Group maintains a significant international footprint across China, the Americas, the Middle East, Europe, Africa, and various parts of Central, South, and Southeast Asia.
Key statistics
Avg. volume
1.35M
Market cap
HK$862.02M
P/E Ratio
-26.47
Price-to-sales ratio
0.14
Enterprise value
CN¥5.31B
Free cash flow yield
-14.52%
Debt-to-equity ratio
1.57
Return on equity
1.11%
ROIC
1.12%
Beta
-0.01
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥5.49B
Earnings per share
CN¥0.00
Free cash flow
-CN¥199.04M
Net profit margin
-0.51%
Gross margin
11.30%
EBITDA
CN¥418.76M
Revenue growth
-2.49%
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This is not an investment recommendation
How to buy Honghua from India
Indian residents can buy Honghua 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 Honghua and place an order
Find Honghua by name or by its ticker, 196, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Honghua trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Honghua position in HKD and INR. Honghua pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Honghua from India
Trading and taxes when buying Honghua 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
- NoneHonghua does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 Honghua stock?
Yes. Honghua (196) has been listed on the Hong Kong Stock Exchange since 2008, in the Oil & Gas Equipment & Services 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 Honghua share cost in rupees?
One Honghua share is HK$0.10 — about ₹1 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the Honghua 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 Honghua 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 Honghua?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Honghua 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 Honghua price. Paasa issues a capital-gains statement for your return.
Does Honghua pay a dividend?
No. Honghua does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Honghua 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 Honghua a Hong Kong SAR China company, and does that change how it is taxed?
Honghua trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Honghua 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 Honghua 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 Honghua holding, its cost and its closing value.
How do I sell Honghua 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.