Garmin Ltd.
Garmin Ltd. (NYSE: GRMN) is trading at $293.95, about ₹28,240 at today's USD/INR rate, as of 28 Sep 2026, 4:00 PM ET, down 0.06% today. Indian residents can buy Garmin from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$291.29
Today's high
$294.95
52 week low
$186.67
52 week high
$314.28
GRMN opened at $292.67, closed previously at $294.14, and has traded between $186.67 and $314.28 over the past 52 weeks.
About
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
Key statistics
Avg. volume
899.77K
Market cap
$56.69B
P/E Ratio
30.15
Price-to-sales ratio
7.39
Enterprise value
$54.53B
Free cash flow yield
2.71%
Debt-to-equity ratio
0.02
Return on equity
21.00%
ROIC
18.76%
Beta
0.87
Dividend yield
1.33%
Last dividend
$3.90
Financial overview
Revenue
$7.25B
Earnings per share
$8.65
Free cash flow
$1.36B
Net profit margin
24.47%
Gross margin
60.08%
EBITDA
$2.20B
Revenue growth
15.06%
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This is not an investment recommendation
How to buy Garmin from India
Indian residents can buy Garmin 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 Garmin and place an order
Find Garmin by name or by its ticker, GRMN, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Garmin trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Garmin 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 Garmin from India
Trading and taxes when buying Garmin 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. Garmin’s current yield is 1.33%.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 Garmin stock?
Yes. Garmin (GRMN) has been listed on the New York Stock Exchange since 2000, in the Hardware, Equipment & Parts 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 Garmin share cost in rupees?
One Garmin share is $293.95 — about ₹28,240 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Garmin 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 Garmin 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 Garmin with less than the price of one share?
Yes. A whole Garmin share is $293.95, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Garmin 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 Garmin price. Paasa issues a capital-gains statement for your return.
Does Garmin pay a dividend, and how is it taxed in India?
Yes. Garmin pays a dividend and the current yield is 1.33%; the last declared dividend was $3.90 per share, about ₹374.67. 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 Garmin from India?
The New York 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 the US is on standard time. Orders can only execute during that window.
Is Garmin a United States company, and does that change how it is taxed?
Garmin trades on the New York Stock Exchange in US dollars, but the company is domiciled in Switzerland. Garmin trades as an ordinary share listed directly in the US, not a depositary receipt. 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 Garmin 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 Garmin holding, its cost and its closing value.
How do I sell Garmin 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.