Insteel Industries, Inc.
Insteel Industries, Inc. (NYSE: IIIN) is trading at $29.48, about ₹2,828 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 1.20% today. Indian residents can buy Insteel Industries from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$29.16
Today's high
$29.81
52 week low
$24.35
52 week high
$39.22
IIIN opened at $29.23, closed previously at $29.13, and has traded between $24.35 and $39.22 over the past 52 weeks.
About
Insteel Industries, Inc., along with its various subsidiaries, focuses on the manufacturing and commercialization of steel wire reinforcement products specifically for concrete construction applications. The company's primary offerings include prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). Its PC strand is a distinctive seven-wire product designed to introduce compression into precast concrete elements and structures. This strengthens various constructions, such as bridges, parking garages, commercial buildings, and other concrete infrastructure. Additionally, Insteel supplies an engineered welded wire reinforcement (WWR) product utilized in both non-residential and residential construction endeavors. This WWR product line encompasses several types: Engineered structural mesh: A custom-made solution that functions as the main reinforcement for concrete elements and structures, often serving as an alternative to conventional hot-rolled rebar. Concrete pipe reinforcement: Another tailored product, engineered for primary reinforcement in concrete pipes, box culverts, and precast manholes, vital for drainage and sewage systems, water treatment facilities, and related utility applications. Standard welded wire reinforcement: A secondary reinforcement material aimed at preventing cracks in residential and light commercial settings, including driveways, sidewalks, and various slab-on-grade applications. Insteel distributes its products through a network of sales representatives to a diverse customer base, including concrete product manufacturers, rebar fabricators, distributors, and contractors. Its principal markets are located across the United States, Canada, Mexico, and extending into Central and South America. Founded in 1953, Insteel Industries, Inc. is headquartered in Mount Airy, North Carolina.
Key statistics
Avg. volume
270.76K
Market cap
$570.68M
P/E Ratio
15.76
Price-to-sales ratio
0.81
Enterprise value
$550.31M
Free cash flow yield
-2.09%
Debt-to-equity ratio
0.01
Return on equity
9.92%
ROIC
8.98%
Beta
0.50
Dividend yield
3.80%
Last dividend
$1.12
Financial overview
Revenue
$647.71M
Earnings per share
$2.11
Free cash flow
$18.95M
Net profit margin
5.14%
Gross margin
11.77%
EBITDA
$72.25M
Revenue growth
22.39%
Similar securities
This is not an investment recommendation
How to buy Insteel Industries from India
Indian residents can buy Insteel Industries 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 Insteel Industries and place an order
Find Insteel Industries by name or by its ticker, IIIN, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Insteel Industries trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Insteel Industries 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 Insteel Industries from India
Trading and taxes when buying Insteel Industries 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Insteel Industries’ current yield is 3.80%.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 Insteel Industries stock?
Yes. Insteel Industries (IIIN) has been listed on the New York Stock Exchange since 1992, 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 Insteel Industries share cost in rupees?
One Insteel Industries share is $29.48 — about ₹2,828 at a USD/INR rate of 95.92 on 25 Sep 2026. Both the Insteel Industries 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 Insteel Industries 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 Insteel Industries?
Yes. One Insteel Industries share is $29.48, 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 Insteel Industries.
How are gains on Insteel Industries 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 Insteel Industries price. Paasa issues a capital-gains statement for your return.
Does Insteel Industries pay a dividend, and how is it taxed in India?
Yes. Insteel Industries pays a dividend and the current yield is 3.80%; the last declared dividend was $1.12 per share, about ₹107.43. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Insteel Industries 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 Insteel Industries 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 Insteel Industries 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 Insteel Industries holding, its cost and its closing value.
How do I sell Insteel Industries 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.