JL Mag Rare-Earth Co., Ltd.
JL Mag Rare-Earth Co., Ltd. (HKSE: 6680) is trading at HK$15.10, about ₹185 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, up 1.00% today. Indian residents can buy JL Mag Rare-Earth from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$14.60
Today's high
HK$15.10
52 week low
HK$14.60
52 week high
HK$29.30
6680 opened at HK$14.73, closed previously at HK$14.95, and has traded between HK$14.60 and HK$29.30 over the past 52 weeks.
About
JL Mag Rare-Earth Co., Ltd. specializes in the research, development, manufacturing, and worldwide distribution of high-performance rare earth permanent magnetic materials. The company's primary offering consists of Neodymium Iron Boron (NdFeB) permanent magnets. These essential components are widely applied across various advanced industries, including new energy vehicles, automotive parts, energy-efficient variable-frequency air conditioning systems, wind power generation, consumer electronics (3C), robotics, industrial servo motors, sustainable elevator systems, and railway transportation. Established in 2008, JL Mag Rare-Earth Co., Ltd. is based in Ganzhou, China, and operates as a subsidiary of Jiangxi Ruide Venture Capital Co. Ltd.
Key statistics
Avg. volume
3.96M
Market cap
HK$38.96B
P/E Ratio
37.48
Price-to-sales ratio
3.70
Enterprise value
CN¥31.92B
Free cash flow yield
5.48%
Debt-to-equity ratio
0.31
Return on equity
11.42%
ROIC
8.24%
Beta
0.85
Dividend yield
1.67%
Last dividend
HK$0.45
Financial overview
Revenue
CN¥7.51B
Earnings per share
CN¥0.50
Free cash flow
-CN¥104.50M
Net profit margin
9.74%
Gross margin
23.74%
EBITDA
CN¥899.17M
Revenue growth
10.98%
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This is not an investment recommendation
How to buy JL Mag Rare-Earth from India
Indian residents can buy JL Mag Rare-Earth 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 JL Mag Rare-Earth and place an order
Find JL Mag Rare-Earth by name or by its ticker, 6680, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. JL Mag Rare-Earth trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your JL Mag Rare-Earth 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 JL Mag Rare-Earth from India
Trading and taxes when buying JL Mag Rare-Earth 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. JL Mag Rare-Earth’s current yield is 1.67%.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 JL Mag Rare-Earth stock?
Yes. JL Mag Rare-Earth (6680) has been listed on the Hong Kong Stock Exchange since 2022, in the Manufacturing - Metal Fabrication 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 JL Mag Rare-Earth share cost in rupees?
One JL Mag Rare-Earth share is HK$15.10 — about ₹185 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the JL Mag Rare-Earth 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 JL Mag Rare-Earth 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 JL Mag Rare-Earth?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on JL Mag Rare-Earth 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 JL Mag Rare-Earth price. Paasa issues a capital-gains statement for your return.
Does JL Mag Rare-Earth pay a dividend, and how is it taxed in India?
Yes. JL Mag Rare-Earth pays a dividend and the current yield is 1.67%; the last declared dividend was HK$0.45 per share, about ₹5.49. 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 JL Mag Rare-Earth 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 JL Mag Rare-Earth a Hong Kong SAR China company, and does that change how it is taxed?
JL Mag Rare-Earth trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. JL Mag Rare-Earth 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 JL Mag Rare-Earth 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 JL Mag Rare-Earth holding, its cost and its closing value.
How do I sell JL Mag Rare-Earth 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.