Man Wah Holdings Limited
Man Wah Holdings Limited (HKSE: 1999) is trading at HK$2.79, about ₹34 at today's HKD/INR rate, as of 30 Sep 2026, 4:08 AM ET, up 2.58% today. Indian residents can buy Man Wah from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$2.70
Today's high
HK$2.79
52 week low
HK$2.64
52 week high
HK$5.29
1999 opened at HK$2.72, closed previously at HK$2.72, and has traded between HK$2.64 and HK$5.29 over the past 52 weeks.
About
Man Wah Holdings Limited functions as an investment holding company, primarily focused on the global production, wholesale, and distribution of sofas and related furniture items. Its market reach spans the People's Republic of China, North America, Europe, and various other international markets. The company structures its diverse business activities across segments including Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business. Beyond its core sofa offerings, Man Wah manufactures mattresses, components for smart furniture, and metal mechanisms essential for recliners. It also supplies chairs and other specialized products to commercial clients such as high-speed railways and cinema chains. The company's broader operations encompass advertising and marketing for home furnishings, property investment, real estate development and management services, and the management, leasing, and operation of furniture shopping centers. Additionally, it engages in the manufacturing and trading of bedding products, various types of furniture, furniture components, and foam products, alongside research and production of advanced smart drive machines and electric regulators. Its service portfolio includes offshore sales, business and back-office support, general business management, advertising, design services, as well as comprehensive marketing, logistics, and warehousing solutions. Man Wah also manages hotel operations and sells residential properties. As of March 31, 2022, the company maintained a significant retail presence in China, operating 5,968 branded stores. Established in 1992 and headquartered in Fo Tan, Hong Kong, Man Wah Holdings Limited operates as a subsidiary of Man Wah Investments Limited.
Key statistics
Avg. volume
11.01M
Market cap
HK$10.71B
P/E Ratio
5.93
Price-to-sales ratio
0.65
Enterprise value
HK$18.23B
Free cash flow yield
6.29%
Debt-to-equity ratio
0.34
Return on equity
12.78%
ROIC
9.06%
Beta
1.42
Dividend yield
8.62%
Last dividend
HK$0.24
Financial overview
Revenue
HK$16.43B
Earnings per share
HK$0.47
Free cash flow
HK$1.05B
Net profit margin
11.03%
Gross margin
39.43%
EBITDA
HK$2.91B
Revenue growth
-2.80%
Similar securities
This is not an investment recommendation
How to buy Man Wah from India
Indian residents can buy Man Wah 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 Man Wah and place an order
Find Man Wah by name or by its ticker, 1999, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Man Wah trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Man Wah 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 Man Wah from India
Trading and taxes when buying Man Wah 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. Man Wah’s current yield is 8.62%.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 Man Wah stock?
Yes. Man Wah (1999) has been listed on the Hong Kong Stock Exchange since 2010, in the Furnishings, Fixtures & Appliances 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 Man Wah share cost in rupees?
One Man Wah share is HK$2.79 — about ₹34 at an HKD/INR rate of 12.23 on 30 Sep 2026. Both the Man Wah 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 Man Wah 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 Man Wah?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Man Wah 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 Man Wah price. Paasa issues a capital-gains statement for your return.
Does Man Wah pay a dividend, and how is it taxed in India?
Yes. Man Wah pays a dividend and the current yield is 8.62%; the last declared dividend was HK$0.24 per share, about ₹2.94. 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 Man Wah 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 Man Wah shares held from India?
Hong Kong has no estate duty.
Do I have to declare Man Wah 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 Man Wah holding, its cost and its closing value.
How do I sell Man Wah 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.