Tristate Holdings Limited
Tristate Holdings Limited (HKSE: 458) is trading at HK$1.95, about ₹24 at today's HKD/INR rate, as of 25 Sep 2026, 3:45 AM ET, up 10.83% today. Indian residents can buy Tristate from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$1.95
Today's high
HK$1.95
52 week low
HK$1.50
52 week high
HK$2.85
458 opened at HK$1.95, closed previously at HK$1.76, and has traded between HK$1.50 and HK$2.85 over the past 52 weeks.
About
Tristate Holdings Limited, an investment holding company, engages in the garment manufacturing business in the People's Republic of China, the United Kingdom, Italy, Singapore, Canada, and internationally. The company operates in two segments, Garment Manufacturing and Brands Business. It offers garments under the C.P. Company, Cissonne, Nautica, and Spyder brands; athletic footwear and clothes under the Reebok brand; and uniforms under the Massimo Osti Studio brand. The company also engages in the branded product distribution, retail, and trading. In addition, it offers sales liaison, general administrative and supporting, nominee and secretarial, technical, and design and customer support services. Further, the company is involved in the trademark holding, e-commerce and garment trading, retail store operation, general trading and marketing, and intelligence system development activities. It also exports its products. The company was founded in 1937 and is headquartered in Kwai Chung, Hong Kong. Tristate Holdings Limited is a subsidiary of Silver Tree Holdings Inc.
Key statistics
Avg. volume
4.28K
Market cap
HK$531.92M
P/E Ratio
3.63
Price-to-sales ratio
0.15
Enterprise value
HK$705.02M
Free cash flow yield
23.81%
Debt-to-equity ratio
0.37
Return on equity
10.78%
ROIC
9.93%
Beta
0.61
Dividend yield
9.25%
Last dividend
HK$0.18
Financial overview
Revenue
HK$3.63B
Earnings per share
HK$0.45
Free cash flow
HK$146.86M
Net profit margin
4.21%
Gross margin
39.16%
EBITDA
HK$259.47M
Revenue growth
-13.33%
Similar securities
This is not an investment recommendation
How to buy Tristate from India
Indian residents can buy Tristate 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 Tristate and place an order
Find Tristate by name or by its ticker, 458, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Tristate trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Tristate 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 Tristate from India
Trading and taxes when buying Tristate 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. Tristate’s current yield is 9.25%.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Tristate stock?
Yes. Tristate (458) has been listed on the Hong Kong Stock Exchange since 1988, in the Apparel - Manufacturers 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 Tristate share cost in rupees?
One Tristate share is HK$1.95 — about ₹24 at an HKD/INR rate of 12.23 on 26 Sep 2026. Both the Tristate 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 Tristate 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 Tristate?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Tristate 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 Tristate price. Paasa issues a capital-gains statement for your return.
Does Tristate pay a dividend, and how is it taxed in India?
Yes. Tristate pays a dividend and the current yield is 9.25%; the last declared dividend was HK$0.18 per share, about ₹2.20. 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 Tristate 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 there estate or inheritance tax on Tristate shares held from India?
Hong Kong has no estate duty.
Do I have to declare Tristate 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 Tristate holding, its cost and its closing value.
How do I sell Tristate 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.