South Manganese Investment Limited
South Manganese Investment Limited (HKSE: 1091) is trading at HK$0.52, about ₹6 at today's HKD/INR rate, as of 30 Sep 2026, 3:53 AM ET, up 4.04% today. Indian residents can buy South Manganese Investment from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.49
Today's high
HK$0.53
52 week low
HK$0.37
52 week high
HK$0.71
1091 opened at HK$0.50, closed previously at HK$0.50, and has traded between HK$0.37 and HK$0.71 over the past 52 weeks.
About
South Manganese Investment Limited, an investment holding company, engages in the manganese mining, ore processing, and downstream processing operations in Mainland China, rest of Asia, Europe, and North America. It operates through four segments: Manganese Mining, EMM and Alloying Materials Production, Battery Materials Production, and Other Business. The Manganese Mining segment mines and produces manganese products, including manganese concentrates and natural discharging manganese powder and sand. The EMM and Alloying Materials Production segment mines and processes ores used in hydrometallurgical processing for/and production of electrolytic manganese metal and manganese briquette, and pyrometallurgical processing to produce silicomanganese alloy and ferromanganese. The Battery Materials Production segment manufactures and sells battery material products, such as electrolytic manganese dioxide, manganese sulfate, lithium manganese oxide, lithium nickel cobalt manganese oxide, and trimanganese tetraoxide. The Other Business segment trades in various commodities comprising manganese ores, EMM, manganese alloys, and non-manganese metals; sells scraps; and rents investment properties and leasehold land, as well as invests in companies engaged in the mining, production, and trading of non-manganese metals. The company also produces sulphuric acid and steam. The company was formerly known as CITIC Dameng Holdings Limited and changed its name to South Manganese Investment Limited in February 2021. South Manganese Investment Limited was incorporated in 2005 and is headquartered in Admiralty, Hong Kong.
Key statistics
Avg. volume
4.77M
Market cap
HK$2.54B
P/E Ratio
7.20
Price-to-sales ratio
0.36
Enterprise value
HK$4.28B
Free cash flow yield
40.57%
Debt-to-equity ratio
0.97
Return on equity
5.72%
ROIC
3.78%
Beta
0.58
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$6.37B
Earnings per share
HK$0.04
Free cash flow
HK$946.34M
Net profit margin
5.04%
Gross margin
18.54%
EBITDA
HK$802.10M
Revenue growth
-51.79%
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This is not an investment recommendation
How to buy South Manganese Investment from India
Indian residents can buy South Manganese Investment 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 South Manganese Investment and place an order
Find South Manganese Investment by name or by its ticker, 1091, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. South Manganese Investment trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your South Manganese Investment position in HKD and INR. South Manganese Investment 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 South Manganese Investment from India
Trading and taxes when buying South Manganese Investment 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
- NoneSouth Manganese Investment does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 South Manganese Investment stock?
Yes. South Manganese Investment (1091) has been listed on the Hong Kong Stock Exchange since 2010, in the Industrial Materials 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 South Manganese Investment share cost in rupees?
One South Manganese Investment share is HK$0.52 — about ₹6 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the South Manganese Investment 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 South Manganese Investment 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 South Manganese Investment?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on South Manganese Investment 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 South Manganese Investment price. Paasa issues a capital-gains statement for your return.
Does South Manganese Investment pay a dividend?
No. South Manganese Investment 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 South Manganese Investment 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 South Manganese Investment shares held from India?
Hong Kong has no estate duty.
Do I have to declare South Manganese Investment 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 South Manganese Investment holding, its cost and its closing value.
How do I sell South Manganese Investment 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.