Argan, Inc.
Argan, Inc. (NYSE: AGX) is trading at $373.92, about ₹35,922 at today's USD/INR rate, as of 29 Sep 2026, 11:31 AM ET, up 5.27% today. Indian residents can buy Argan from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$364.51
Today's high
$386.40
52 week low
$255.60
52 week high
$805.75
AGX opened at $364.51, closed previously at $355.21, and has traded between $255.60 and $805.75 over the past 52 weeks.
About
Argan, Inc., operating through its various subsidiaries, offers a comprehensive suite of services to the power generation and renewable energy sectors. These services span engineering, procurement, construction (EPC), commissioning, operations management, maintenance, project development, and technical and consulting support. The company is structured into three main operating divisions: 1. Power Industry Services: This segment specializes in delivering EPC solutions for alternative energy projects, such as biomass plants, wind farms, and solar fields. It also provides design, construction, project management, start-up, and ongoing operation services for power generation facilities, with a portfolio that includes projects accounting for approximately 15 gigawatts of power-generating capacity. Its client base includes independent power project developers, public utilities, power plant equipment suppliers, and other energy plant construction companies. 2. Industrial Fabrication and Field Services: This division provides specialized industrial field services, alongside pipe and vessel fabrication, for clients in industries such as forest products, industrial gas, fertilizer, and mining, predominantly within the southeastern United States. 3. Telecommunications Infrastructure Services: This segment offers a range of services related to communication and power networks. This includes trenchless directional boring and excavation for underground systems, aerial cabling, installation of buried cables, high and low voltage electric lines, and outdoor lighting systems. Additionally, it provides structured cabling, terminations, and connectivity solutions critical for the physical transmission of high-speed data, voice, video, and security networks. Its customers include state and local government bodies, regional communications providers, electric utilities, various commercial entities, and federal government facilities, including cleared sites, primarily located in the mid-Atlantic region of the United States. Argan, Inc. was founded in 1961 and is headquartered in Rockville, Maryland.
Key statistics
Avg. volume
362.32K
Market cap
$5.24B
P/E Ratio
29.08
Price-to-sales ratio
4.41
Enterprise value
$4.88B
Free cash flow yield
10.41%
Debt-to-equity ratio
0.00
Return on equity
38.51%
ROIC
29.01%
Beta
0.57
Dividend yield
0.53%
Last dividend
$2.00
Financial overview
Revenue
$944.61M
Earnings per share
$10.00
Free cash flow
$410.84M
Net profit margin
15.09%
Gross margin
20.86%
EBITDA
$162.80M
Revenue growth
8.06%
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This is not an investment recommendation
How to buy Argan from India
Indian residents can buy Argan 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.
Search for Argan and place an order
Find Argan by name or by its ticker, AGX, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Argan trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Argan position in USD 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 Argan from India
Trading and taxes when buying Argan from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Argan’s current yield is 0.53%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Argan stock?
Yes. Argan (AGX) has been listed on the New York Stock Exchange since 1995, in the Engineering & Construction 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. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Argan share cost in rupees?
One Argan share is $373.92 — about ₹35,922 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Argan 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 Argan 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.
Can I buy Argan with less than the price of one share?
Yes. A whole Argan share is $373.92, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Argan shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, 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 USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Argan price. Paasa issues a capital-gains statement for your return.
Does Argan pay a dividend, and how is it taxed in India?
Yes. Argan pays a dividend and the current yield is 0.53%; the last declared dividend was $2.00 per share, about ₹192.14. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Argan from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Argan shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Argan 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 Argan holding, its cost and its closing value.
How do I sell Argan and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD 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.