Howmet Aerospace Inc.
Howmet Aerospace Inc. (XETRA: 48Z) is trading at €200.00, about ₹21,769 at today's EUR/INR rate, as of 30 Sep 2026, 4:43 PM ET, down 1.94% today. Indian residents can buy Howmet Aerospace from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€199.32
Today's high
€205.25
52 week low
€47.84
52 week high
€268.30
48Z opened at €203.95, closed previously at €203.95, and has traded between €47.84 and €268.30 over the past 52 weeks.
About
Howmet Aerospace Inc., established in 1888 and headquartered in Pittsburgh, PA, specializes in the design and production of advanced lightweight metal components. The company's operations are divided into four primary business segments. Its Engine Products segment manufactures high-precision investment castings, such as airfoils and seamless rolled rings, mainly for aircraft engines (spanning commercial and defense applications) and industrial gas turbines. The Fastening Systems segment focuses on creating specialized fastening solutions for both the aerospace industry and commercial transportation. Through its Engineered Structures segment, Howmet supplies titanium ingots and mill products for aerospace and defense sectors, utilizing a vertically integrated process to produce titanium forgings, extrusions, and providing forming and machining services for essential airframe, wing, aero-engine, and landing gear components. Lastly, the Forged Wheels segment provides forged aluminum wheels and associated products for heavy-duty trucks, trailers, and buses globally.
Key statistics
Avg. volume
380.00
Market cap
€80.02B
P/E Ratio
48.43
Price-to-sales ratio
9.93
Enterprise value
$87.01B
Free cash flow yield
1.69%
Debt-to-equity ratio
0.79
Return on equity
28.17%
ROIC
17.39%
Beta
1.08
Dividend yield
0.22%
Last dividend
€0.43
Financial overview
Revenue
$8.25B
Earnings per share
$3.73
Free cash flow
$1.43B
Net profit margin
20.52%
Gross margin
34.44%
EBITDA
$2.27B
Revenue growth
11.06%
Similar securities
This is not an investment recommendation
How to buy Howmet Aerospace from India
Indian residents can buy Howmet Aerospace 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 Howmet Aerospace and place an order
Find Howmet Aerospace by name or by its ticker, 48Z, and choose an order type. Howmet Aerospace trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Howmet Aerospace 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 Howmet Aerospace from India
Trading and taxes when buying Howmet Aerospace 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. Howmet Aerospace’s current yield is 0.22%.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 Howmet Aerospace stock?
Yes. Howmet Aerospace (48Z) has been listed on XETRA since 2016, in the Aerospace & Defense 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 Howmet Aerospace share cost in rupees?
One Howmet Aerospace share is €200.00 — about ₹21,769 at an EUR/INR rate of 108.84 on 30 Sep 2026. Both the Howmet Aerospace 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 Howmet Aerospace 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 Howmet Aerospace 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 Howmet Aerospace price. Paasa issues a capital-gains statement for your return.
Does Howmet Aerospace pay a dividend, and how is it taxed in India?
Yes. Howmet Aerospace pays a dividend and the current yield is 0.22%; the last declared dividend was €0.43 per share, about ₹46.93. 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 Howmet Aerospace 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 Howmet Aerospace a Germany company, and does that change how it is taxed?
Howmet Aerospace trades on XETRA in EUR, but the company is domiciled in United States. Howmet Aerospace 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 Howmet Aerospace 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 Howmet Aerospace holding, its cost and its closing value.
How do I sell Howmet Aerospace 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 Howmet Aerospace?
Yes. Howmet Aerospace 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.