Air Industries Group
Air Industries Group (AMEX: AIRI) is trading at $2.60, about ₹249 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 1.17% today. Indian residents can buy Air Industries from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$2.49
Today's high
$2.61
52 week low
$2.30
52 week high
$3.95
AIRI opened at $2.50, closed previously at $2.57, and has traded between $2.30 and $3.95 over the past 52 weeks.
About
Air Industries Group operates as an aerospace and defense enterprise, concentrating on the development, fabrication, and sale of crucial structural components and assemblies for essential aerospace and defense uses. The company also serves as a prime contractor to the United States Department of Defense. Its business is organized into two primary divisions: Complex Machining, and Turbine and Engine Component. The Complex Machining segment is responsible for producing critical aircraft parts, including landing and arresting gears, engine mounting structures, flight control mechanisms, and throttle quadrants. These products are integrated into a diverse fleet of military and commercial aircraft, such as Sikorsky's UH-60 Blackhawk, the Lockheed Martin F-35 Joint Strike Fighter, Northrop Grumman E2D Hawkeye, the U.S. Navy's F-18, and the U.S. Air Force's F-15 and F-16 fighter jets. The Turbine and Engine Component segment specializes in manufacturing components and providing related services for both aircraft jet engines and ground-power turbines. This segment's jet engine parts are utilized in aircraft like the USAF F-15 and F-16, the Airbus A-330, and the Boeing 777, alongside various ground-power turbine applications. Original equipment manufacturers (OEMs) incorporate Air Industries Group's offerings into the creation of a broad spectrum of complex aerospace and defense products, encompassing fixed-wing aircraft, helicopters, and jet turbine engines. Established in 1979, Air Industries Group is headquartered in Bay Shore, New York.
Key statistics
Avg. volume
34.16K
Market cap
$12.61M
P/E Ratio
-7.04
Price-to-sales ratio
0.27
Enterprise value
$37.79M
Free cash flow yield
-37.20%
Debt-to-equity ratio
1.43
Return on equity
-9.36%
ROIC
-1.13%
Beta
0.08
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$47.92M
Earnings per share
-$0.27
Free cash flow
-$4.67M
Net profit margin
-3.77%
Gross margin
19.35%
EBITDA
$3.78M
Revenue growth
-13.04%
Similar securities
This is not an investment recommendation
How to buy Air Industries from India
Indian residents can buy Air Industries 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 Air Industries and place an order
Find Air Industries by name or by its ticker, AIRI, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Air Industries trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Air Industries position in USD and INR. Air Industries pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Air Industries from India
Trading and taxes when buying Air Industries 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
- NoneAir Industries does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 Air Industries stock?
Yes. Air Industries (AIRI) has been listed on NYSE American since 2000, 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. 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 Air Industries share cost in rupees?
One Air Industries share is $2.60 — about ₹249 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Air Industries 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 Air Industries 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 whole shares of Air Industries?
Yes. One Air Industries share is $2.60, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Air Industries.
How are gains on Air Industries 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 Air Industries price. Paasa issues a capital-gains statement for your return.
Does Air Industries pay a dividend?
No. Air Industries does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Air Industries from India?
NYSE American 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 Air Industries 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 Air Industries 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 Air Industries holding, its cost and its closing value.
How do I sell Air Industries 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.