Formula Systems (1985) Ltd.
Formula Systems (1985) Ltd. (NASDAQ: FORTY) is trading at $112.60, about ₹10,817 at today's USD/INR rate, as of 29 Sep 2026, 3:59 PM ET, down 2.08% today. Indian residents can buy Formula Systems (1985) from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$111.49
Today's high
$112.60
52 week low
$102.01
52 week high
$190.56
FORTY opened at $112.47, closed previously at $114.99, and has traded between $102.01 and $190.56 over the past 52 weeks.
About
Formula Systems (1985) Ltd. is a global provider of diverse IT solutions and services, operating through its various subsidiaries. The company specializes in delivering both its own proprietary software and third-party solutions, alongside comprehensive IT professional services, software product marketing and support, and integrated computer infrastructure solutions. Its extensive range of offerings includes robust computer and telecommunication infrastructure solutions, specialized computer solutions for existing communication setups, cutting-edge cloud computing services, and advanced database and big data management. Formula Systems also supplies critical software tools for areas such as customer relationship management, computer systems infrastructure oversight, web content management, database and data warehouse mining, application integration, general database and system management, and software development. Additionally, it offers professional training courses and advanced educational programs. The company is also involved in the sale of computers and peripheral equipment to business clients. A significant part of its portfolio comprises specialized insurance technology platforms under the "Sapiens" brand. These include solutions for property and casualty insurance (e.g., Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise), life, pension, and annuities management (e.g., Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster), and reinsurance operations (e.g., Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO). It also provides a dedicated Sapiens platform for workers' compensation solutions. Furthermore, Formula Systems delivers financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro, alongside the Sapiens DECISION platform for advanced decision management, and a broader array of general technology-driven solutions. Its services are rounded out with platforms for application development and seamless business process integration, industry-specific software, strategic consulting, outsourcing, and a wide spectrum of other professional services. The company also develops on-premise payroll software. Formula Systems (1985) Ltd. was established in 1985 and is headquartered in Or Yehuda, Israel.
Key statistics
Avg. volume
591.00
Market cap
$1.73B
P/E Ratio
2.67
Price-to-sales ratio
0.59
Enterprise value
$1.53B
Free cash flow yield
0.00%
Debt-to-equity ratio
0.56
Return on equity
54.28%
ROIC
7.43%
Beta
0.18
Dividend yield
12.91%
Last dividend
$14.42
Financial overview
Revenue
$2.65B
Earnings per share
$1.85
Free cash flow
$374.82M
Net profit margin
21.92%
Gross margin
19.83%
EBITDA
$342.36M
Revenue growth
18.80%
Similar securities
This is not an investment recommendation
How to buy Formula Systems (1985) from India
Indian residents can buy Formula Systems (1985) 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 Formula Systems (1985) and place an order
Find Formula Systems (1985) by name or by its ticker, FORTY, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Formula Systems (1985) trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Formula Systems (1985) position in USD 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 Formula Systems (1985) from India
Trading and taxes when buying Formula Systems (1985) 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. Formula Systems (1985)’s current yield is 12.91%.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 Formula Systems (1985) stock?
Yes. Formula Systems (1985) (FORTY) has been listed on NASDAQ since 1997, in the Information Technology 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. 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 Formula Systems (1985) share cost in rupees?
One Formula Systems (1985) share is $112.60 — about ₹10,817 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Formula Systems (1985) 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 Formula Systems (1985) 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 Formula Systems (1985) with less than the price of one share?
Yes. A whole Formula Systems (1985) share is $112.60, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Formula Systems (1985) 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 Formula Systems (1985) price. Paasa issues a capital-gains statement for your return.
Does Formula Systems (1985) pay a dividend, and how is it taxed in India?
Yes. Formula Systems (1985) pays a dividend and the current yield is 12.91%; the last declared dividend was $14.42 per share, about ₹1,384.88. 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 Formula Systems (1985) 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 Formula Systems (1985) a United States company, and does that change how it is taxed?
Formula Systems (1985) trades on NASDAQ in US dollars, but the company is domiciled in Israel. Formula Systems (1985) 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 Formula Systems (1985) 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 Formula Systems (1985) holding, its cost and its closing value.
How do I sell Formula Systems (1985) 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.