Grenke AG
Grenke AG (XETRA: GLJ) is trading at €10.76, about ₹1,177 at today's EUR/INR rate, as of 25 Sep 2026, 11:35 AM ET, up 2.28% today. Indian residents can buy Grenke from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€10.46
Today's high
€10.76
52 week low
€10.46
52 week high
€17.08
GLJ opened at €10.60, closed previously at €10.52, and has traded between €10.46 and €17.08 over the past 52 weeks.
About
Grenke AG, established in 1978 and based in Baden-Baden, Germany, offers a broad spectrum of financial and banking services primarily aimed at small and medium-sized enterprises (SMEs). The company's operations extend across Germany, France, Italy, and various international markets. Its business is structured into three main divisions: Leasing, Banking, and Factoring. The Leasing segment specializes in small-value equipment financing, particularly for IT products like PCs, notebooks, servers, and telecommunications gear, as well as copying and medical technology. This division provides commercial clients with financing options, alongside comprehensive services such as protection plans, maintenance, and the management of used equipment disposal. Through its Banking division, Grenke offers fixed deposit accounts to both individual and corporate clients via its digital platform. It also extends funding to new business ventures and provides development loans to SMEs and independent professionals. Furthermore, its Factoring unit delivers small-ticket factoring services. With a global network of 154 locations, the company was originally known as GrenkeLeasing AG before adopting the name Grenke AG in May 2016.
Key statistics
Avg. volume
91.62K
Market cap
€475.35M
P/E Ratio
6.60
Price-to-sales ratio
0.49
Enterprise value
€7.55B
Free cash flow yield
-26.82%
Debt-to-equity ratio
6.58
Return on equity
5.81%
ROIC
0.67%
Beta
1.37
Dividend yield
3.90%
Last dividend
€0.42
Financial overview
Revenue
€901.99M
Earnings per share
€1.29
Free cash flow
-€257.06M
Net profit margin
7.56%
Gross margin
61.08%
EBITDA
€119.70M
Revenue growth
10.11%
Similar securities
This is not an investment recommendation
How to buy Grenke from India
Indian residents can buy Grenke 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 EUR.
Search for Grenke and place an order
Find Grenke by name or by its ticker, GLJ, and choose an order type. Grenke trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Grenke position in EUR 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 Grenke from India
Trading and taxes when buying Grenke from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- 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. Grenke’s current yield is 3.90%.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 Grenke stock?
Yes. Grenke (GLJ) has been listed on XETRA since 2000, in the Financial - Credit 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 EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Grenke share cost in rupees?
One Grenke share is €10.76 — about ₹1,177 at an EUR/INR rate of 109.37 on 25 Sep 2026. Both the Grenke 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 Grenke 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 Grenke 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 EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Grenke price. Paasa issues a capital-gains statement for your return.
Does Grenke pay a dividend, and how is it taxed in India?
Yes. Grenke pays a dividend and the current yield is 3.90%; the last declared dividend was €0.42 per share, about ₹45.94. 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 Grenke from India?
XETRA trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
Do I have to declare Grenke 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 Grenke holding, its cost and its closing value.
How do I sell Grenke and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in EUR 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 Grenke?
Yes. Grenke is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.