Headwater Exploration Inc.
Headwater Exploration Inc. (TSX: HWX) is trading at CA$13.42, about ₹914 at today's CAD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.22% today. Indian residents can buy Headwater Exploration from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$13.22
Today's high
CA$13.75
52 week low
CA$6.80
52 week high
CA$14.71
HWX opened at CA$13.75, closed previously at CA$13.45, and has traded between CA$6.80 and CA$14.71 over the past 52 weeks.
About
Headwater Exploration Inc. is a smaller-scale resource firm primarily focused on discovering, developing, and extracting petroleum and natural gas. Its activities are concentrated within the Western Canadian Sedimentary Basin and onshore regions of New Brunswick. The company holds ownership stakes in several key projects, including the McCully Field, situated northeast of Sussex, New Brunswick; the Clearwater play in Alberta's Marten Hills area; and the Frederick Brook shale gas prospect, also located in New Brunswick. The company was formerly called Corridor Resources Inc. before officially changing its name to Headwater Exploration Inc. in March 2020. Its main corporate office is based in Calgary, Canada.
Key statistics
Avg. volume
747.90K
Market cap
CA$3.19B
P/E Ratio
17.21
Price-to-sales ratio
4.77
Enterprise value
CA$3.10B
Free cash flow yield
3.20%
Debt-to-equity ratio
0.00
Return on equity
24.24%
ROIC
21.01%
Beta
1.04
Dividend yield
3.35%
Last dividend
CA$0.45
Financial overview
Revenue
CA$514.29M
Earnings per share
CA$0.64
Free cash flow
CA$112.02M
Net profit margin
27.85%
Gross margin
53.84%
EBITDA
CA$330.14M
Revenue growth
-17.02%
Similar securities
This is not an investment recommendation
How to buy Headwater Exploration from India
Indian residents can buy Headwater Exploration 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 CAD.
Search for Headwater Exploration and place an order
Find Headwater Exploration by name or by its ticker, HWX, and choose an order type. Headwater Exploration trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Headwater Exploration position in CAD 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 Headwater Exploration from India
Trading and taxes when buying Headwater Exploration 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. Headwater Exploration’s current yield is 3.35%.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 Headwater Exploration stock?
Yes. Headwater Exploration (HWX) has been listed on the Toronto Stock Exchange since 1997, in the Oil & Gas Exploration & Production 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 CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Headwater Exploration share cost in rupees?
One Headwater Exploration share is CA$13.42 — about ₹914 at a CAD/INR rate of 68.10 on 24 Sep 2026. Both the Headwater Exploration 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 Headwater Exploration 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 Headwater Exploration 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 CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Headwater Exploration price. Paasa issues a capital-gains statement for your return.
Does Headwater Exploration pay a dividend, and how is it taxed in India?
Yes. Headwater Exploration pays a dividend and the current yield is 3.35%; the last declared dividend was CA$0.45 per share, about ₹30.64. 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 Headwater Exploration from India?
The Toronto 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 Canada is on standard time. Orders can only execute during that window.
Do I have to declare Headwater Exploration 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 Headwater Exploration holding, its cost and its closing value.
How do I sell Headwater Exploration and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD 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 Headwater Exploration?
Yes. Headwater Exploration is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.