ADF Group Inc.
ADF Group Inc. (TSX: DRX) is trading at CA$14.32, about ₹969 at today's CAD/INR rate, as of 28 Sep 2026, 4:00 PM ET, up 6.39% today. Indian residents can buy ADF from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$13.39
Today's high
CA$14.53
52 week low
CA$6.90
52 week high
CA$18.44
DRX opened at CA$13.46, closed previously at CA$13.46, and has traded between CA$6.90 and CA$18.44 over the past 52 weeks.
About
ADF Group Inc. provides specialized services in structural steel, spanning the design and engineering of connections for projects in Canada and the United States. The company undertakes the fabrication and erection of complex steel frameworks, including heavy built-up sections, as well as offering a range of architectural and miscellaneous metalwork solutions. Its expertise is applied across various sectors of the non-residential construction market, from office towers and high-rises to commercial and recreational facilities, airport infrastructure, industrial sites, and transportation networks. ADF Group serves a broad client base, including general contractors, project owners, engineering and architectural firms, steel erectors, and other steel fabricators. Founded in 1956, the company operated as Les Entreprises El Drago Ltée before officially changing its name to ADF Group Inc. in August 1998. Its headquarters are located in Terrebonne, Canada.
Key statistics
Avg. volume
73.64K
Market cap
CA$408.84M
P/E Ratio
11.28
Price-to-sales ratio
1.19
Enterprise value
CA$356.20M
Free cash flow yield
16.84%
Debt-to-equity ratio
0.19
Return on equity
16.61%
ROIC
13.33%
Beta
-0.54
Dividend yield
0.28%
Last dividend
CA$0.04
Financial overview
Revenue
CA$258.74M
Earnings per share
CA$0.93
Free cash flow
CA$40.09M
Net profit margin
9.19%
Gross margin
22.41%
EBITDA
CA$43.50M
Revenue growth
-23.82%
Similar securities
This is not an investment recommendation
How to buy ADF from India
Indian residents can buy ADF 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 CAD.
Search for ADF and place an order
Find ADF by name or by its ticker, DRX, and choose an order type. ADF trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your ADF position in CAD 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 ADF from India
Trading and taxes when buying ADF 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
- Slab rateDividends are taxed at your slab rate in India. ADF’s current yield is 0.28%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy ADF stock?
Yes. ADF (DRX) has been listed on the Toronto Stock Exchange since 2000, in the Manufacturing - Metal Fabrication 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 CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one ADF share cost in rupees?
One ADF share is CA$14.32 — about ₹969 at a CAD/INR rate of 67.65 on 28 Sep 2026. Both the ADF 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 ADF 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 ADF shares taxed in India?
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 CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the ADF price. Paasa issues a capital-gains statement for your return.
Does ADF pay a dividend, and how is it taxed in India?
Yes. ADF pays a dividend and the current yield is 0.28%; the last declared dividend was CA$0.04 per share, about ₹2.71. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade ADF from India?
The Toronto 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 Canada is on standard time. Orders can only execute during that window.
Do I have to declare ADF 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 ADF holding, its cost and its closing value.
How do I sell ADF and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD 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.
Does the rupee rate affect what I make on ADF?
Yes. ADF is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.