Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) is trading at $11.28, about ₹1,084 at today's USD/INR rate, as of 29 Sep 2026, 1:42 PM ET, up 3.49% today. Indian residents can buy Daqo New Energy from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$10.90
Today's high
$11.29
52 week low
$10.87
52 week high
$36.59
DQ opened at $11.00, closed previously at $10.90, and has traded between $10.87 and $36.59 over the past 52 weeks.
About
Daqo New Energy Corp., operating with its subsidiaries, is engaged in the production and supply of polysilicon to companies manufacturing photovoltaic products across the People's Republic of China. This polysilicon is a fundamental material utilized in the creation of ingots, wafers, cells, and modules, which are crucial components for diverse solar power applications. The company, initially named Mega Stand International Limited, adopted its current designation, Daqo New Energy Corp., in August 2009. Founded in 2006, its main operational base is situated in Shanghai, China.
Key statistics
Avg. volume
941.79K
Market cap
$763.27M
P/E Ratio
-3.99
Price-to-sales ratio
1.37
Enterprise value
$1.01B
Free cash flow yield
-6.19%
Debt-to-equity ratio
0.00
Return on equity
-3.87%
ROIC
-4.14%
Beta
0.67
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$665.41M
Earnings per share
-$2.55
Free cash flow
-$123.34M
Net profit margin
-34.50%
Gross margin
-35.44%
EBITDA
$3.01M
Revenue growth
-35.34%
Similar securities
This is not an investment recommendation
How to buy Daqo New Energy from India
Indian residents can buy Daqo New Energy 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 Daqo New Energy and place an order
Find Daqo New Energy by name or by its ticker, DQ, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Daqo New Energy trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Daqo New Energy position in USD and INR. Daqo New Energy 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 Daqo New Energy from India
Trading and taxes when buying Daqo New Energy 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
- NoneDaqo New Energy 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 Daqo New Energy stock?
Yes. Daqo New Energy (DQ) has been listed on the New York Stock Exchange since 2010, in the Semiconductors 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 Daqo New Energy share cost in rupees?
One Daqo New Energy share is $11.28 — about ₹1,084 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Daqo New Energy 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 Daqo New Energy 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 Daqo New Energy?
Yes. One Daqo New Energy share is $11.28, 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 Daqo New Energy.
How are gains on Daqo New Energy 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 Daqo New Energy price. Paasa issues a capital-gains statement for your return.
Does Daqo New Energy pay a dividend?
No. Daqo New Energy 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 Daqo New Energy 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 Daqo New Energy a United States company, and does that change how it is taxed?
Daqo New Energy trades on the New York Stock Exchange in US dollars, but the company is domiciled in China. Daqo New Energy trades as an American Depositary Receipt rather than an ordinary share. 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 Daqo New Energy 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 Daqo New Energy holding, its cost and its closing value.
How do I sell Daqo New Energy 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.