Ballard Power Systems Inc.
Ballard Power Systems Inc. (NASDAQ: BLDP) is trading at $2.04, about ₹196 at today's USD/INR rate, as of 30 Sep 2026, 4:00 PM ET, down 2.86% today. Indian residents can buy Ballard Power Systems from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$1.99
Today's high
$2.12
52 week low
$1.92
52 week high
$6.57
BLDP opened at $2.10, closed previously at $2.10, and has traded between $1.92 and $6.57 over the past 52 weeks.
About
Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems. Beyond products, Ballard extends its expertise through technology solutions, providing engineering services, technology transfer, and licensing its extensive intellectual property and core knowledge for diverse PEM fuel cell uses. They also deliver integrated hydrogen fuel cell powertrain and vehicle systems. The company maintains a broad international presence, with operations spanning numerous countries including China, Germany, the United States, the United Kingdom, Canada, Denmark, Norway, Belgium, Japan, France, Spain, Taiwan, Poland, India, Ukraine, and Sweden. A significant strategic partnership exists with Linamar Corporation, focused on jointly developing and marketing fuel cell powertrains and components designed for Class 1 and 2 vehicles across North America and Europe. Established in 1979, Ballard Power Systems Inc. is headquartered in Burnaby, Canada.
Key statistics
Avg. volume
7.59M
Market cap
$615.01M
P/E Ratio
-7.96
Price-to-sales ratio
5.82
Enterprise value
$265.60M
Free cash flow yield
-8.73%
Debt-to-equity ratio
0.04
Return on equity
-15.71%
ROIC
-13.07%
Beta
1.88
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$101.14M
Earnings per share
-$0.31
Free cash flow
-$67.17M
Net profit margin
-72.66%
Gross margin
16.38%
EBITDA
-$77.38M
Revenue growth
45.04%
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This is not an investment recommendation
How to buy Ballard Power Systems from India
Indian residents can buy Ballard Power Systems 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 Ballard Power Systems and place an order
Find Ballard Power Systems by name or by its ticker, BLDP, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Ballard Power Systems trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Ballard Power Systems position in USD and INR. Ballard Power Systems 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 Ballard Power Systems from India
Trading and taxes when buying Ballard Power Systems 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
- NoneBallard Power Systems does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
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 Ballard Power Systems stock?
Yes. Ballard Power Systems (BLDP) has been listed on NASDAQ since 1995, in the Electrical Equipment & Parts 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 Ballard Power Systems share cost in rupees?
One Ballard Power Systems share is $2.04 — about ₹196 at a USD/INR rate of 96.00 on 30 Sep 2026. Both the Ballard Power Systems 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 Ballard Power Systems 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 Ballard Power Systems?
Yes. One Ballard Power Systems share is $2.04, 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 Ballard Power Systems.
How are gains on Ballard Power Systems 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 Ballard Power Systems price. Paasa issues a capital-gains statement for your return.
Does Ballard Power Systems pay a dividend?
No. Ballard Power Systems 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 Ballard Power Systems from India?
NASDAQ 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 Ballard Power Systems a United States company, and does that change how it is taxed?
Ballard Power Systems trades on NASDAQ in US dollars, but the company is domiciled in Canada. Ballard Power Systems trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Ballard Power Systems 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 Ballard Power Systems holding, its cost and its closing value.
How do I sell Ballard Power Systems 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.