Highway Holdings Limited
Highway Holdings Limited (NASDAQ: HIHO) is trading at $0.90, about ₹86 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET, down 0.15% today. Indian residents can buy Highway from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$0.86
Today's high
$0.90
52 week low
$0.60
52 week high
$2.21
HIHO opened at $0.88, closed previously at $0.90, and has traded between $0.60 and $2.21 over the past 52 weeks.
About
Highway Holdings Limited, including its various subsidiaries, is primarily involved in the creation and distribution of a wide array of components, subassemblies, and complete products. These offerings encompass metal, plastic, electrical, and electronic categories, catering mainly to original equipment manufacturers (OEMs) and contract-based production companies. The firm's activities are structured into two distinct divisions: Metal Stamping and Mechanical OEM, and Electric OEM. Beyond its core manufacturing, Highway Holdings also deals in plastic injection molded items and fabricates specialized automation machinery. Their diverse product range is integrated into numerous consumer and industrial goods, such as photocopiers, laser printers, print cartridges, various electrical connectors and circuits, vacuum cleaners, LED power supplies, stepping motors, dishwasher pumps, and other washing machine parts. Moreover, the company extends its expertise by assisting clients with the conceptualization and development of tooling crucial for both metal and plastic fabrication processes. Their extensive suite of manufacturing and engineering services includes precision metal stamping, screen printing, plastic injection molding, pad printing, and the electronic assembly of printed circuit boards. Founded in 1990, Highway Holdings Limited maintains its corporate headquarters in Sheung Shui, Hong Kong, with operations spanning Hong Kong, China, Europe, North America, and various other Asian territories.
Key statistics
Avg. volume
1.24M
Market cap
$4.14M
P/E Ratio
-2.78
Price-to-sales ratio
0.79
Enterprise value
$2.22M
Free cash flow yield
-43.61%
Debt-to-equity ratio
0.59
Return on equity
-31.15%
ROIC
-18.18%
Beta
0.52
Dividend yield
5.59%
Last dividend
$0.05
Financial overview
Revenue
$4.80M
Earnings per share
-$0.33
Free cash flow
-$1.51M
Net profit margin
-28.08%
Gross margin
31.84%
EBITDA
-$1.46M
Revenue growth
-35.17%
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This is not an investment recommendation
How to buy Highway from India
Indian residents can buy Highway 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 Highway and place an order
Find Highway by name or by its ticker, HIHO, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Highway trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Highway 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 Highway from India
Trading and taxes when buying Highway 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. Highway’s current yield is 5.59%.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 Highway stock?
Yes. Highway (HIHO) has been listed on NASDAQ since 1996, 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. 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 Highway share cost in rupees?
One Highway share is $0.90 — about ₹86 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Highway 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 Highway 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 whole shares of Highway?
Yes. One Highway share is $0.90, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Highway.
How are gains on Highway 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 Highway price. Paasa issues a capital-gains statement for your return.
Does Highway pay a dividend, and how is it taxed in India?
Yes. Highway pays a dividend and the current yield is 5.59%; the last declared dividend was $0.05 per share, about ₹4.80. 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 Highway 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 Highway a United States company, and does that change how it is taxed?
Highway trades on NASDAQ in US dollars, but the company is domiciled in Hong Kong SAR China. Highway 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 Highway 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 Highway holding, its cost and its closing value.
How do I sell Highway 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.