Drax Group plc
Drax Group plc (LSE: DRX) is trading at £8.07, about ₹1,023 at today's GBP/INR rate, as of 28 Sep 2026, 11:35 AM ET, down 0.12% today. Indian residents can buy Drax from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£8.07
Today's high
£8.28
52 week low
£6.87
52 week high
£9.38
DRX opened at £8.13, closed previously at £8.08, and has traded between £6.87 and £9.38 over the past 52 weeks.
About
Drax Group plc, operating alongside its various subsidiaries, primarily focuses on generating renewable energy across the United Kingdom. Its business activities are structured into three distinct divisions: Generation, Customers, and Pellet Production. The Generation segment delivers flexible, sustainable power and critical grid support services. The Customers division offers energy management solutions and non-generation system assistance. Low-carbon fuel production is the core activity of the Pellet Production segment. Drax possesses a notable collection of power generation assets, including the 2,000-megawatt (MW) Drax Power Station in Selby, North Yorkshire, which serves as its primary facility. It also oversees the 440 MW Cruachan Power Station, a pumped-hydro storage site located in Argyll and Bute, and operates the Lanark and Galloway hydro-electric stations in southwest Scotland, which collectively supply 126 MW. In addition to power generation, the company runs the Daldowie fuel plant, converting sludge into dry, low-odour fuel pellets. Drax further manufactures and markets compressed wood pellets and supplies renewable electricity. Incorporated in 2005, Drax Group plc is headquartered in Selby, United Kingdom.
Key statistics
Avg. volume
1.03M
Market cap
£2.71B
P/E Ratio
53.77
Price-to-sales ratio
0.52
Enterprise value
£3.73B
Free cash flow yield
10.63%
Debt-to-equity ratio
0.69
Return on equity
1.10%
ROIC
1.57%
Beta
0.62
Dividend yield
5.91%
Last dividend
£0.48
Financial overview
Revenue
£5.36B
Earnings per share
£20.70
Free cash flow
£527.80M
Net profit margin
0.37%
Gross margin
19.91%
EBITDA
£775.70M
Revenue growth
-13.10%
Similar securities
This is not an investment recommendation
How to buy Drax from India
Indian residents can buy Drax 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 and then to GBP.
Search for Drax and place an order
Find Drax by name or by its ticker, DRX, and choose an order type. Drax trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Drax position in GBP 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 Drax from India
Trading and taxes when buying Drax from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- 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 UK levies 0% withholding tax on company dividends paid to non-residents. Drax’s current yield is 5.91%.Dividend tax explained
- Transaction tax
- The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.
- Estate or inheritance tax
- May applyShares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Drax stock?
Yes. Drax (DRX) has been listed on the London Stock Exchange since 2005, in the Renewable Utilities 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 and then to GBP. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Drax share cost in rupees?
One Drax share is £8.07 — about ₹1,023 at a GBP/INR rate of 126.89 on 27 Sep 2026. Both the Drax 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 Drax 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.
How are gains on Drax shares taxed in India?
Non-residents are exempt from UK capital gains tax on the disposal of listed shares, 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 GBP/INR rate on the purchase and the sale date, so the rupee move counts alongside the Drax price. Paasa issues a capital-gains statement for your return.
Does Drax pay a dividend, and how is it taxed in India?
Yes. Drax pays a dividend and the current yield is 5.91%; the last declared dividend was £0.48 per share, about ₹60.53. Dividends are taxed at your slab rate in India. The UK levies 0% withholding tax on company dividends paid to non-residents. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Drax from India?
The London Stock Exchange trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Drax shares held from India?
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents. It applies to your overall holdings in that jurisdiction rather than to any one position.
Are there transaction taxes when buying Drax?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it. This is charged by the market, not by Paasa.
Do I have to declare Drax 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 Drax holding, its cost and its closing value.
How do I sell Drax and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in GBP 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.