Medtronic Plc
Medtronic Plc (XETRA: 2M6) is trading at €76.66, about ₹8,344 at today's EUR/INR rate, as of 30 Sep 2026, 11:35 AM ET, down 0.65% today. Indian residents can buy Medtronic from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€76.10
Today's high
€77.14
52 week low
€62.86
52 week high
€91.50
2M6 opened at €76.94, closed previously at €77.16, and has traded between €62.86 and €91.50 over the past 52 weeks.
About
Medtronic Plc is a medical technology company, which engages in the development, manufacture, distribution, and sale of device-based medical therapies and services. It operates through the following segments: Cardiovascular Porrtfolio, Neuroscience Portfolio, Medical Surgical Portfolio, and Diabetes Operating Unit. The Cardiovascular Portfolio segment includes products for the diagnosis, treatment, and management of cardiac rhythm disorders and cardiovascular disease. The Neuroscience Portfolio is made up of cranial and spinal technologies, specialty therapies, and neuromodulation divisions. The Medical Surgical Portfolio is comprised of surgical innovations and respiratory, gastrointestinal, and renal divisions. The Diabetes Group segment offers insulin pumps, continuous glucose monitoring systems, and insulin pump consumables. The company was founded in 1949 and is headquartered in Dublin, Ireland.
Key statistics
Avg. volume
1.91K
Market cap
€98.13B
P/E Ratio
21.10
Price-to-sales ratio
2.94
Enterprise value
$128.80B
Free cash flow yield
5.28%
Debt-to-equity ratio
0.56
Return on equity
9.70%
ROIC
7.13%
Beta
0.57
Dividend yield
3.31%
Last dividend
€2.50
Financial overview
Revenue
$36.36B
Earnings per share
$3.74
Free cash flow
$5.43B
Net profit margin
13.93%
Gross margin
66.69%
EBITDA
$10.48B
Revenue growth
8.42%
Similar securities
This is not an investment recommendation
How to buy Medtronic from India
Indian residents can buy Medtronic 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 EUR.
Search for Medtronic and place an order
Find Medtronic by name or by its ticker, 2M6, and choose an order type. Medtronic trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Medtronic position in EUR 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 Medtronic from India
Trading and taxes when buying Medtronic from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- 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. Medtronic’s current yield is 3.31%.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 Medtronic stock?
Yes. Medtronic (2M6) has been listed on XETRA since 2007, in the Medical - Devices 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 EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Medtronic share cost in rupees?
One Medtronic share is €76.66 — about ₹8,344 at an EUR/INR rate of 108.84 on 30 Sep 2026. Both the Medtronic 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 Medtronic 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.
How are gains on Medtronic 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 EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Medtronic price. Paasa issues a capital-gains statement for your return.
Does Medtronic pay a dividend, and how is it taxed in India?
Yes. Medtronic pays a dividend and the current yield is 3.31%; the last declared dividend was €2.50 per share, about ₹272.15. 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 Medtronic from India?
XETRA trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
Is Medtronic a Germany company, and does that change how it is taxed?
Medtronic trades on XETRA in EUR, but the company is domiciled in Ireland. Medtronic trades as an ordinary share listed directly in Germany, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Medtronic 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 Medtronic holding, its cost and its closing value.
How do I sell Medtronic and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in EUR 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.
Does the rupee rate affect what I make on Medtronic?
Yes. Medtronic is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.