Magellan Aerospace Corporation
Magellan Aerospace Corporation (TSX: MAL) is trading at CA$34.62, about ₹2,358 at today's CAD/INR rate, as of 25 Sep 2026, 11:26 AM ET, up 1.08% today. Indian residents can buy Magellan Aerospace from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$34.18
Today's high
CA$34.75
52 week low
CA$15.79
52 week high
CA$45.70
MAL opened at CA$34.18, closed previously at CA$34.25, and has traded between CA$15.79 and CA$45.70 over the past 52 weeks.
About
Magellan Aerospace Corporation, operating via its various subsidiaries, specializes in the design, engineering, production, and distribution of both aero engine and structural parts for the global aerospace sector. Its market presence extends across Canada, the United States, Europe, and Asia. Its extensive product portfolio includes a wide array of engine components, such as frames, casings, bypass ducts, shafts, and specialized materials like metallic honeycomb, alongside advanced processes like filament winding. The company also supplies critical compressor, turbine, and afterburner sub-assemblies. Furthermore, Magellan manufactures various airframe structures, including both small and large wing sections, landing gear systems, horizontal and vertical stabilizing surfaces, and nacelle exhaust systems. Other structural offerings encompass crown modules, vane boxes, transition ducts, wing spars, ribs, skins, access panels, and comprehensive kitting packages. Beyond traditional aircraft components, Magellan produces specialized items like Black Brant rockets and RATO booster motors, along with complete rocket weapon systems for both fixed-wing and rotary-wing applications. Its offerings further extend to avionics, precision-machined metal seals, rocket engine mounts, and diverse cast products. The firm also provides support services for the emerging 'newspace' industry and satellite operations. The company leverages advanced manufacturing technologies such as 3D sand printing, precision metal pouring, solidification modeling, automated pouring and finishing, digital radiography, and 3D scanning services. Comprehensive maintenance, repair, and overhaul (MRO) services are available for various engines and components. Additionally, Magellan offers end-to-end lifecycle management solutions, encompassing logistics, fleet management, and engineering support. Specialized wire strike protection system services are also part of its portfolio. Established in 1996, Magellan Aerospace Corporation maintains its headquarters in Mississauga, Canada.
Key statistics
Avg. volume
68.36K
Market cap
CA$1.98B
P/E Ratio
32.97
Price-to-sales ratio
1.76
Enterprise value
CA$2.03B
Free cash flow yield
-1.23%
Debt-to-equity ratio
0.11
Return on equity
7.11%
ROIC
7.24%
Beta
0.38
Dividend yield
0.58%
Last dividend
CA$0.20
Financial overview
Revenue
CA$1.04B
Earnings per share
CA$0.69
Free cash flow
CA$27.61M
Net profit margin
5.30%
Gross margin
14.72%
EBITDA
CA$104.22M
Revenue growth
10.86%
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This is not an investment recommendation
How to buy Magellan Aerospace from India
Indian residents can buy Magellan Aerospace 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 Magellan Aerospace and place an order
Find Magellan Aerospace by name or by its ticker, MAL, and choose an order type. Magellan Aerospace trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Magellan Aerospace 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 Magellan Aerospace from India
Trading and taxes when buying Magellan Aerospace 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. Magellan Aerospace’s current yield is 0.58%.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 Magellan Aerospace stock?
Yes. Magellan Aerospace (MAL) has been listed on the Toronto Stock Exchange since 1996, in the Aerospace & Defense 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 Magellan Aerospace share cost in rupees?
One Magellan Aerospace share is CA$34.62 — about ₹2,358 at a CAD/INR rate of 68.10 on 24 Sep 2026. Both the Magellan Aerospace 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 Magellan Aerospace 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 Magellan Aerospace 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 Magellan Aerospace price. Paasa issues a capital-gains statement for your return.
Does Magellan Aerospace pay a dividend, and how is it taxed in India?
Yes. Magellan Aerospace pays a dividend and the current yield is 0.58%; the last declared dividend was CA$0.20 per share, about ₹13.62. 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 Magellan Aerospace 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 Magellan Aerospace 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 Magellan Aerospace holding, its cost and its closing value.
How do I sell Magellan Aerospace 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 Magellan Aerospace?
Yes. Magellan Aerospace 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.