Maanshan Iron & Steel Company Limited
Maanshan Iron & Steel Company Limited (HKSE: 323) is trading at HK$1.60, about ₹20 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, up 0.63% today. Indian residents can buy Maanshan Iron & Steel from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$1.58
Today's high
HK$1.61
52 week low
HK$1.57
52 week high
HK$3.07
323 opened at HK$1.60, closed previously at HK$1.59, and has traded between HK$1.57 and HK$3.07 over the past 52 weeks.
About
Maanshan Iron & Steel Company Limited, established in 1953 and headquartered in Maanshan, People's Republic of China, operates as a significant manufacturer and seller of iron and steel products and their related by-products. The company's market reach extends across Mainland China, Hong Kong, and various international regions. Its extensive product portfolio encompasses a variety of steel plates, including hot-rolled, cold-rolled thin, galvanized, coil-coating, and medium-gauge options. The company also produces structural steel forms such as H-shaped and medium-shaped sections, high-speed wire rods, hot-rolled reinforcing steels, and even supplies rain wheels and wheel rims. Beyond primary steel production, Maanshan Iron & Steel is actively involved in a wide array of metallurgical activities. These include the production and distribution of ferrous metallurgy items, screw-threaded steels, and various steel profiles like round, section, angle, and deformed steels, as well as wires and rods. The company manages the entire value chain by engaging in the sale, import, and export of critical raw materials such as iron ore, iron ore fines, and scrap steel. Furthermore, it undertakes the extended processing of ferrous metals, produces and distributes coke, coke chemical products, and energy. Its operations also encompass the manufacturing and distribution of other metallic products, alongside the comprehensive design, research, development, production, maintenance, and sale of railway components, including wheels, axles, wheel sets, and bogies. Additionally, the enterprise participates in trading steel products and pig iron, coupled with diverse investment and trading ventures.
Key statistics
Avg. volume
7.27M
Market cap
HK$20.63B
P/E Ratio
-92.83
Price-to-sales ratio
0.25
Enterprise value
CN¥34.12B
Free cash flow yield
29.41%
Debt-to-equity ratio
1.17
Return on equity
-0.85%
ROIC
0.03%
Beta
0.91
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥77.52B
Earnings per share
-CN¥0.03
Free cash flow
CN¥2.18B
Net profit margin
-0.27%
Gross margin
5.17%
EBITDA
CN¥4.67B
Revenue growth
-5.25%
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This is not an investment recommendation
How to buy Maanshan Iron & Steel from India
Indian residents can buy Maanshan Iron & Steel 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 Maanshan Iron & Steel and place an order
Find Maanshan Iron & Steel by name or by its ticker, 323, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Maanshan Iron & Steel trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Maanshan Iron & Steel position in HKD and INR. Maanshan Iron & Steel 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 Maanshan Iron & Steel from India
Trading and taxes when buying Maanshan Iron & Steel 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
- NoneMaanshan Iron & Steel 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 Maanshan Iron & Steel stock?
Yes. Maanshan Iron & Steel (323) has been listed on the Hong Kong Stock Exchange since 1993, in the Steel 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 Maanshan Iron & Steel share cost in rupees?
One Maanshan Iron & Steel share is HK$1.60 — about ₹20 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the Maanshan Iron & Steel 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 Maanshan Iron & Steel 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 Maanshan Iron & Steel?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Maanshan Iron & Steel 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 Maanshan Iron & Steel price. Paasa issues a capital-gains statement for your return.
Does Maanshan Iron & Steel pay a dividend?
No. Maanshan Iron & Steel 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 Maanshan Iron & Steel 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 Maanshan Iron & Steel a Hong Kong SAR China company, and does that change how it is taxed?
Maanshan Iron & Steel trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Maanshan Iron & Steel 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 Maanshan Iron & Steel 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 Maanshan Iron & Steel holding, its cost and its closing value.
How do I sell Maanshan Iron & Steel 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.