China Oilfield Services Limited
China Oilfield Services Limited (HKSE: 2883) is trading at HK$7.50, about ₹92 at today's HKD/INR rate, as of 30 Sep 2026, 4:08 AM ET, up 2.53% today. Indian residents can buy China Oilfield Services from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$7.30
Today's high
HK$7.59
52 week low
HK$6.09
52 week high
HK$11.74
2883 opened at HK$7.31, closed previously at HK$7.32, and has traded between HK$6.09 and HK$11.74 over the past 52 weeks.
About
China Oilfield Services Limited (COSL), a subsidiary of China National Offshore Oil Corporation, is headquartered in Sanhe, China, and, along with its various operating units, delivers a comprehensive suite of offshore oilfield services both within Mainland China and across global markets. Its operations are structured into four primary divisions: Drilling Services, Well Services, Marine Support Services, and Geophysical Acquisition and Surveying Services. The Drilling Services segment specializes in offering various drilling rig solutions, including those for jack-up, semi-submersible, modular, and land-based operations. This also encompasses casing and tubing services, alongside the inspection and repair of running pipes, managing a significant fleet comprising 36 jack-up rigs, 12 semi-submersible rigs, and 6 modular rigs. Within Well Services, the company provides an array of essential onshore and offshore support, such as logging, management of drilling and completion fluids, precision directional drilling, cementing, well completion and workover, well stimulation, and optimization strategies for oilfield production. The Marine Support Services division encompasses a wide range of maritime operations, from anchor handling and the towing of drilling rigs or engineering barges to oil lifting, offshore transport, standby duties, firefighting, rescue missions, and oil spill response, boasting a substantial fleet of roughly 130 vessels, including anchor-handling tug/supply vessels, platform supply vessels, multi-purpose vessels, barges, and shuttle tankers. Finally, the Geophysical Acquisition and Surveying Services segment focuses on specialized marine activities like seismic data acquisition, offshore geo-surveying, the processing and interpretation of seismic data, and various underwater engineering tasks, utilizing assets that include 6 seismic vessels, 2 ocean-bottom cable teams, and 5 engineering surveying vessels. COSL also participates in the bond market.
Key statistics
Avg. volume
10.55M
Market cap
HK$63.11B
P/E Ratio
15.09
Price-to-sales ratio
0.93
Enterprise value
CN¥35.54B
Free cash flow yield
18.03%
Debt-to-equity ratio
0.34
Return on equity
8.25%
ROIC
8.09%
Beta
0.61
Dividend yield
2.31%
Last dividend
HK$0.32
Financial overview
Revenue
CN¥50.28B
Earnings per share
CN¥0.81
Free cash flow
CN¥5.40B
Net profit margin
7.66%
Gross margin
17.46%
EBITDA
CN¥11.45B
Revenue growth
4.10%
Similar securities
This is not an investment recommendation
How to buy China Oilfield Services from India
Indian residents can buy China Oilfield Services 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 China Oilfield Services and place an order
Find China Oilfield Services by name or by its ticker, 2883, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. China Oilfield Services trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Oilfield Services 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 China Oilfield Services from India
Trading and taxes when buying China Oilfield Services 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. China Oilfield Services’ current yield is 2.31%.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 China Oilfield Services stock?
Yes. China Oilfield Services (2883) has been listed on the Hong Kong Stock Exchange since 2002, in the Oil & Gas Equipment & Services 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 China Oilfield Services share cost in rupees?
One China Oilfield Services share is HK$7.50 — about ₹92 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the China Oilfield Services 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 China Oilfield Services 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 China Oilfield Services?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Oilfield Services 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 China Oilfield Services price. Paasa issues a capital-gains statement for your return.
Does China Oilfield Services pay a dividend, and how is it taxed in India?
Yes. China Oilfield Services pays a dividend and the current yield is 2.31%; the last declared dividend was HK$0.32 per share, about ₹3.96. 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 China Oilfield Services 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 China Oilfield Services a Hong Kong SAR China company, and does that change how it is taxed?
China Oilfield Services trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. China Oilfield Services 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 China Oilfield Services 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 China Oilfield Services holding, its cost and its closing value.
How do I sell China Oilfield Services 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.