ASL Marine Holdings Ltd.
ASL Marine Holdings Ltd. (SES: A04) is trading at S$0.29, about ₹21 at today's SGD/INR rate, as of 25 Sep 2026, 5:06 AM ET, up 1.79% today. Indian residents can buy ASL Marine from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.28
Today's high
S$0.29
52 week low
S$0.06
52 week high
S$0.41
A04 opened at S$0.28, closed previously at S$0.28, and has traded between S$0.06 and S$0.41 over the past 52 weeks.
About
Established in Singapore in 1974, ASL Marine Holdings Ltd. operates as an investment holding company, providing a diverse range of marine services across Singapore, Indonesia, the broader Asian region, Europe, Australia, and other international markets. Its business is structured into three key segments: Shipbuilding; Shiprepair, Conversion, and Engineering; and Shipchartering. The company's shipbuilding arm constructs various vessels, including offshore support vessels, dredgers, tugs, barges, and tankers. In its shiprepair and conversion segment, ASL Marine delivers services such as retrofitting, steel renewal, blasting, painting, and comprehensive electrical, electronic, and mechanical works, aimed at repairing and extending the operational life of diverse vessel types. Through its shipchartering activities, ASL Marine owns, operates, and charters out a fleet comprising 229 vessels as of June 30, 2022. This fleet, which includes tugs, cargo barges, crane barges, split hopper barges, workboats, and various dredgers, serves marine contractors engaged in marine infrastructure, construction, cargo transportation, and land reclamation projects. Beyond these core services, ASL Marine also supplies specialized marine components like cutting and pumping systems, dragheads, dredge line components, and dredge automation products. Additional offerings include agency, handling, and consultancy services, intellectual property leasing, and market research and public opinion polling services. The company maintains its operational capabilities through its owned and operated shipyards in both Singapore and Indonesia.
Key statistics
Avg. volume
1.63M
Market cap
S$293.27M
P/E Ratio
8.80
Price-to-sales ratio
0.81
Enterprise value
S$400.06M
Free cash flow yield
-5.30%
Debt-to-equity ratio
0.92
Return on equity
23.66%
ROIC
12.60%
Beta
0.45
Dividend yield
1.16%
Last dividend
S$0.00
Financial overview
Revenue
S$360.71M
Earnings per share
S$0.03
Free cash flow
-S$21.37M
Net profit margin
9.23%
Gross margin
21.14%
EBITDA
S$81.95M
Revenue growth
3.03%
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This is not an investment recommendation
How to buy ASL Marine from India
Indian residents can buy ASL Marine 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 SGD.
Search for ASL Marine and place an order
Find ASL Marine by name or by its ticker, A04, and choose an order type. ASL Marine trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your ASL Marine position in SGD 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 ASL Marine from India
Trading and taxes when buying ASL Marine from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 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. Singapore levies 0% withholding tax on dividends from resident companies. ASL Marine’s current yield is 1.16%.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
- Estate or inheritance tax
- May applySingapore imposes no estate or inheritance tax on listed securities.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy ASL Marine stock?
Yes. ASL Marine (A04) has been listed on the Singapore Exchange since 2003, 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 SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one ASL Marine share cost in rupees?
One ASL Marine share is S$0.29 — about ₹21 at an SGD/INR rate of 74.94 on 25 Sep 2026. Both the ASL Marine 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 ASL Marine 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 ASL Marine shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, 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 SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the ASL Marine price. Paasa issues a capital-gains statement for your return.
Does ASL Marine pay a dividend, and how is it taxed in India?
Yes. ASL Marine pays a dividend and the current yield is 1.16%; the last declared dividend was S$0.00 per share, about ₹0.25. Dividends are taxed at your slab rate in India. Singapore levies 0% withholding tax on dividends from resident companies. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade ASL Marine from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is there estate or inheritance tax on ASL Marine shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying ASL Marine?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare ASL Marine 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 ASL Marine holding, its cost and its closing value.
How do I sell ASL Marine and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD 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.