MarineMax, Inc.
MarineMax, Inc. (NYSE: HZO) is trading at $52.44, about ₹5,035 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.06% today. Indian residents can buy MarineMax from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$52.40
Today's high
$52.46
52 week low
$21.42
52 week high
$52.56
HZO opened at $52.45, closed previously at $52.41, and has traded between $21.42 and $52.56 over the past 52 weeks.
About
MarineMax, Inc. functions as a leading provider in the United States, focusing on the sale of leisure boats and luxury yachts, in addition to offering comprehensive superyacht services. Its operations are segmented into two core areas: Retail Operations and Product Manufacturing. The company's diverse inventory includes both brand-new and pre-owned recreational watercraft, such as pleasure boats, fishing boats, mega-yachts, sport cruisers, motor yachts, pontoon boats, ski boats, and jet boats, among other categories. Beyond vessel sales, MarineMax supplies a vast selection of marine parts and accessories. This encompasses advanced marine electronics; crucial docking and anchoring equipment like boat fenders, lines, and anchors; protective boat covers; trailer components; and water sport essentials such as tubes, wakeboards, and skis. Furthermore, it stocks various engine parts, oils, lubricants, steering and control systems, corrosion prevention items, service products, high-performance accessories including propellers and instruments, and a range of general boating gear like life jackets and inflatables. For enthusiasts, novelty merchandise such as branded apparel and license plates is also available, alongside marine engines and associated equipment. Regarding its service offerings, MarineMax provides maintenance, repair, and accommodation for boat slips and storage. It also facilitates boat and yacht brokerage and arranges charters for both yachts and power catamarans. The company assists customers with financing for new or used boat acquisitions and organizes a variety of insurance coverages, spanning boat property, disability, undercoating, gel sealant, fabric protection, and casualty insurance. Moreover, MarineMax manufactures and sells its own line of sport yachts and larger yachts. Expanding its footprint, the company also orchestrates vacation experiences in Tortola, British Virgin Islands. Its sales channels extend beyond physical showrooms to include offsite venues and a print catalog. MarineMax operates a substantial network of 79 retail locations situated across numerous states: Alabama, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina, Texas, Washington, and Wisconsin. MarineMax, Inc. was established in 1998 and maintains its corporate headquarters in Clearwater, Florida.
Key statistics
Avg. volume
562.99K
Market cap
$1.16B
P/E Ratio
291.01
Price-to-sales ratio
0.53
Enterprise value
$2.09B
Free cash flow yield
15.41%
Debt-to-equity ratio
1.17
Return on equity
0.42%
ROIC
3.03%
Beta
1.67
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$2.31B
Earnings per share
-$1.43
Free cash flow
$11.94M
Net profit margin
0.18%
Gross margin
34.21%
EBITDA
$83.34M
Revenue growth
-5.01%
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This is not an investment recommendation
How to buy MarineMax from India
Indian residents can buy MarineMax 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 MarineMax and place an order
Find MarineMax by name or by its ticker, HZO, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. MarineMax trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your MarineMax position in USD and INR. MarineMax pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in MarineMax from India
Trading and taxes when buying MarineMax 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
- NoneMarineMax does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
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 MarineMax stock?
Yes. MarineMax (HZO) has been listed on the New York Stock Exchange since 1998, in the Specialty Retail 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 MarineMax share cost in rupees?
One MarineMax share is $52.44 — about ₹5,035 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the MarineMax 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 MarineMax 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 MarineMax?
Yes. One MarineMax share is $52.44, 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 MarineMax.
How are gains on MarineMax 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 MarineMax price. Paasa issues a capital-gains statement for your return.
Does MarineMax pay a dividend?
No. MarineMax does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade MarineMax 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 there estate or inheritance tax on MarineMax shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare MarineMax 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 MarineMax holding, its cost and its closing value.
How do I sell MarineMax 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.