Castor Maritime Inc.
Castor Maritime Inc. (NASDAQ: CTRM) is trading at $2.14, about ₹205 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET. Indian residents can buy Castor Maritime from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$2.12
Today's high
$2.15
52 week low
$1.66
52 week high
$2.66
CTRM opened at $2.13, closed previously at $2.14, and has traded between $1.66 and $2.66 over the past 52 weeks.
About
Castor Maritime Inc. operates as a global shipping company, offering maritime transportation services across three primary divisions: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. The firm is dedicated to the seaborne carriage of various goods, including dry bulk commodities such as iron ore, coal, and soybeans, as well as both crude oil and refined petroleum products. As of December 31, 2021, Castor Maritime maintained a fleet of 29 vessels, which prominently featured two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and fourteen dry bulk carriers. The company was founded in 2017 and has its base in Limassol, Cyprus.
Key statistics
Avg. volume
53.90K
Market cap
$20.68M
P/E Ratio
0.23
Price-to-sales ratio
0.23
Enterprise value
$73.82M
Free cash flow yield
-240.11%
Debt-to-equity ratio
0.28
Return on equity
15.86%
ROIC
1.12%
Beta
1.22
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$81.81M
Earnings per share
$1.13
Free cash flow
$9.16M
Net profit margin
109.09%
Gross margin
29.97%
EBITDA
$40.21M
Revenue growth
23.51%
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This is not an investment recommendation
How to buy Castor Maritime from India
Indian residents can buy Castor Maritime 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 Castor Maritime and place an order
Find Castor Maritime by name or by its ticker, CTRM, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Castor Maritime trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Castor Maritime position in USD and INR. Castor Maritime 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 Castor Maritime from India
Trading and taxes when buying Castor Maritime 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
- NoneCastor Maritime 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 Castor Maritime stock?
Yes. Castor Maritime (CTRM) has been listed on NASDAQ since 2019, in the Marine Shipping 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 Castor Maritime share cost in rupees?
One Castor Maritime share is $2.14 — about ₹205 at a USD/INR rate of 95.88 on 26 Sep 2026. Both the Castor Maritime 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 Castor Maritime 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 Castor Maritime?
Yes. One Castor Maritime share is $2.14, 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 Castor Maritime.
How are gains on Castor Maritime 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 Castor Maritime price. Paasa issues a capital-gains statement for your return.
Does Castor Maritime pay a dividend?
No. Castor Maritime 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 Castor Maritime 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 Castor Maritime a United States company, and does that change how it is taxed?
Castor Maritime trades on NASDAQ in US dollars, but the company is domiciled in Cyprus. Castor Maritime 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 Castor Maritime 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 Castor Maritime holding, its cost and its closing value.
How do I sell Castor Maritime 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.