Sincere Navigation Corporation
Sincere Navigation Corporation (TAI: 2605) is trading at NT$35.55, about ₹107 at today's TWD/INR rate, as of 30 Sep 2026, 1:30 AM ET, up 0.42% today. Sincere Navigation is not currently available to trade on Paasa; this page shows its price, statistics and the Indian tax treatment for information.
Quote
Today's low
NT$35.25
Today's high
NT$35.80
52 week low
NT$21.90
52 week high
NT$46.25
2605 opened at NT$35.55, closed previously at NT$35.40, and has traded between NT$21.90 and NT$46.25 over the past 52 weeks.
About
Sincere Navigation Corporation is a Taiwanese maritime transport firm that specializes in owning and operating bulk cargo vessels. Its extensive fleet encompasses dry bulk carriers, oil tankers, and specialized woodchip vessels. By December 31, 2019, the company managed a total of 17 ships, specifically comprising three Very Large Crude Carrier (VLCC) tankers and fourteen dry bulk vessels of various capacities. Sincere Navigation caters to a range of heavy industries, including coal and iron ore mining, steel production, energy, and paper manufacturing. Established in 1960, its corporate headquarters are located in Taipei City, Taiwan.
Key statistics
Avg. volume
9.61M
Market cap
NT$20.81B
P/E Ratio
7.26
Price-to-sales ratio
4.10
Enterprise value
NT$15.22B
Free cash flow yield
15.91%
Debt-to-equity ratio
0.30
Return on equity
4.85%
ROIC
3.28%
Beta
0.13
Dividend yield
2.81%
Last dividend
NT$1.00
Financial overview
Revenue
NT$4.41B
Earnings per share
NT$1.45
Free cash flow
NT$2.42B
Net profit margin
56.45%
Gross margin
40.62%
EBITDA
NT$2.33B
Revenue growth
-0.10%
Similar securities
This is not an investment recommendation
Sincere Navigation for Indian investors
Sincere Navigation is listed on the Taiwan Stock Exchange. It is not currently available to trade on Paasa; the figures on this page are for information, and the tax notes below apply to Indian residents who hold it.
Taxes on Sincere Navigation for Indian residents
Trading and limits
- Trading hours
- 9:00 am – 1:30 pm SGT
- 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. Sincere Navigation’s current yield is 2.81%.Dividend tax explained
FAQs
Can I buy Sincere Navigation on Paasa?
Sincere Navigation (2605) has been listed on the Taiwan Stock Exchange since 1989, in the Marine Shipping industry. Sincere Navigation is not currently available to trade on Paasa; the figures on this page are for information. Indian residents who hold it through another broker still declare it under the rules below.
How much does one Sincere Navigation share cost in rupees?
One Sincere Navigation share is NT$35.55 — about ₹107 at a TWD/INR rate of 3.02 on 29 Sep 2026. Both the Sincere Navigation price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for investing abroad 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.
How are gains on Sincere Navigation shares taxed in India?
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 TWD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Sincere Navigation price.
Does Sincere Navigation pay a dividend, and how is it taxed in India?
Yes. Sincere Navigation pays a dividend and the current yield is 2.81%; the last declared dividend was NT$1.00 per share, about ₹3.02. Dividends are taxed at your slab rate in India.
When does TAI trade, in Indian time?
The Taiwan Stock Exchange trades 6:30 am – 11:00 am IST in Indian time.
Do I have to declare Sincere Navigation 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. The holding is reported with its cost and its closing value.
Does the rupee rate affect what I make on Sincere Navigation?
Yes. Sincere Navigation is priced in TWD, so your rupee outcome combines the TWD move with the TWD/INR move between the day you remit and the day you convert back.