Mermaid Maritime Public Company Limited
Mermaid Maritime Public Company Limited (SES: DU4) is trading at S$0.08, about ₹6 at today's SGD/INR rate, as of 30 Sep 2026, 3:21 AM ET, up 1.23% today. Indian residents can buy Mermaid Maritime Public from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.08
Today's high
S$0.08
52 week low
S$0.08
52 week high
S$0.14
DU4 opened at S$0.08, closed previously at S$0.08, and has traded between S$0.08 and S$0.14 over the past 52 weeks.
About
Mermaid Maritime Public Company Limited, with its subsidiaries, delivers specialized subsea and offshore services across Thailand, Qatar, the United Arab Emirates, the United Kingdom, and Saudi Arabia. The company's core subsea activities include inspection, repair, and maintenance, support for infrastructure installation, remotely operated vehicle (ROV) assistance, and the laying of cables and flexible pipes. Additionally, Mermaid Maritime operates subsea vessels, provides diving and ROV services, and offers comprehensive submarine product installation, encompassing engineering, cable transportation, surveys, actual cable placement with accessories, shore and platform pull-ins, and ongoing inspection, repair, and maintenance of these subsea cables. Further services extend to offshore construction support, detailed offshore surveys, precise surface and subsea positioning, provision of specialized equipment and software, and skilled personnel. These offerings primarily cater to the offshore oil and gas industries. Established in 1983 and headquartered in Bangkok, Thailand, Mermaid Maritime Public Company Limited operates as a subsidiary of Thoresen Thai Agencies Public Company Limited.
Key statistics
Avg. volume
391.70K
Market cap
S$155.04M
P/E Ratio
7.55
Price-to-sales ratio
0.30
Enterprise value
$203.86M
Free cash flow yield
12.77%
Debt-to-equity ratio
0.41
Return on equity
2.80%
ROIC
1.85%
Beta
0.59
Dividend yield
1.51%
Last dividend
S$0.00
Financial overview
Revenue
$496.50M
Earnings per share
$0.00
Free cash flow
$21.12M
Net profit margin
3.96%
Gross margin
8.66%
EBITDA
$33.38M
Revenue growth
-3.28%
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This is not an investment recommendation
How to buy Mermaid Maritime Public from India
Indian residents can buy Mermaid Maritime Public 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 SGD.
Search for Mermaid Maritime Public and place an order
Find Mermaid Maritime Public by name or by its ticker, DU4, and choose an order type. Mermaid Maritime Public trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Mermaid Maritime Public position in SGD 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 Mermaid Maritime Public from India
Trading and taxes when buying Mermaid Maritime Public from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- 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. Mermaid Maritime Public’s current yield is 1.51%.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Mermaid Maritime Public stock?
Yes. Mermaid Maritime Public (DU4) has been listed on the Singapore Exchange since 2007, in the Oil & Gas Equipment & Services 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 SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Mermaid Maritime Public share cost in rupees?
One Mermaid Maritime Public share is S$0.08 — about ₹6 at an SGD/INR rate of 75.05 on 29 Sep 2026. Both the Mermaid Maritime Public 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 Mermaid Maritime Public 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 Mermaid Maritime Public shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, 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 SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Mermaid Maritime Public price. Paasa issues a capital-gains statement for your return.
Does Mermaid Maritime Public pay a dividend, and how is it taxed in India?
Yes. Mermaid Maritime Public pays a dividend and the current yield is 1.51%; the last declared dividend was S$0.00 per share, about ₹0.09. 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 Mermaid Maritime Public from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is Mermaid Maritime Public a Singapore company, and does that change how it is taxed?
Mermaid Maritime Public trades on the Singapore Exchange in SGD, but the company is domiciled in Thailand. Mermaid Maritime Public trades as an ordinary share listed directly in Singapore, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Are there transaction taxes when buying Mermaid Maritime Public?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare Mermaid Maritime Public 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 Mermaid Maritime Public holding, its cost and its closing value.
How do I sell Mermaid Maritime Public and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD 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.