InnoTek Limited
InnoTek Limited (SES: M14) is trading at S$0.44, about ₹33 at today's SGD/INR rate, as of 25 Sep 2026, 5:04 AM ET. Indian residents can buy InnoTek from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.44
Today's high
S$0.45
52 week low
S$0.42
52 week high
S$0.98
M14 opened at S$0.44, closed previously at S$0.44, and has traded between S$0.42 and S$0.98 over the past 52 weeks.
About
Headquartered in Singapore, InnoTek Limited is an investment holding company established in 1995 that specializes in the production of precision metal components. Its operational footprint extends across Singapore, Hong Kong, the People's Republic of China, and Thailand. The company's business is organized into two primary segments. The Precision Components and Tooling segment delivers stamped components, alongside comprehensive services in tooling design, fabrication, and die making, primarily serving the automotive, office automation, and consumer electronics industries. Concurrently, the Precision Machining segment is dedicated to machining products for the television and office automation sectors, also providing vital metal-related components for devices such as televisions, tablets, and mobile phones. The entity adopted its current name, InnoTek Limited, in November 2007, having previously traded as Magnecomp International Limited.
Key statistics
Avg. volume
1.92M
Market cap
S$112.18M
P/E Ratio
58.78
Price-to-sales ratio
0.54
Enterprise value
S$92.17M
Free cash flow yield
1.37%
Debt-to-equity ratio
0.21
Return on equity
0.98%
ROIC
-0.24%
Beta
0.48
Dividend yield
4.60%
Last dividend
S$0.02
Financial overview
Revenue
S$209.91M
Earnings per share
S$0.01
Free cash flow
S$444.00K
Net profit margin
0.84%
Gross margin
14.06%
EBITDA
S$9.79M
Revenue growth
-11.81%
Similar securities
This is not an investment recommendation
How to buy InnoTek from India
Indian residents can buy InnoTek 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 SGD.
Search for InnoTek and place an order
Find InnoTek by name or by its ticker, M14, and choose an order type. InnoTek trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your InnoTek position in SGD 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 InnoTek from India
Trading and taxes when buying InnoTek from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- 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. Singapore levies 0% withholding tax on dividends from resident companies. InnoTek’s current yield is 4.60%.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
- Estate or inheritance tax
- May applySingapore imposes no estate or inheritance tax on listed securities.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy InnoTek stock?
Yes. InnoTek (M14) has been listed on the Singapore Exchange since 2000, 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 and then to SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one InnoTek share cost in rupees?
One InnoTek share is S$0.44 — about ₹33 at an SGD/INR rate of 75.02 on 24 Sep 2026. Both the InnoTek 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 InnoTek 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 InnoTek shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, 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 SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the InnoTek price. Paasa issues a capital-gains statement for your return.
Does InnoTek pay a dividend, and how is it taxed in India?
Yes. InnoTek pays a dividend and the current yield is 4.60%; the last declared dividend was S$0.02 per share, about ₹1.50. Dividends are taxed at your slab rate in India. Singapore levies 0% withholding tax on dividends from resident companies. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade InnoTek from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is there estate or inheritance tax on InnoTek shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying InnoTek?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare InnoTek 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 InnoTek holding, its cost and its closing value.
How do I sell InnoTek and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD 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.