Mincon Group plc
Mincon Group plc (LSE: MCON) is trading at £0.75, about ₹95 at today's GBP/INR rate, as of 25 Sep 2026, 1:23 PM ET, up 8.70% today. Indian residents can buy Mincon from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£0.68
Today's high
£0.76
52 week low
£0.35
52 week high
£0.76
MCON opened at £0.69, closed previously at £0.69, and has traded between £0.35 and £0.76 over the past 52 weeks.
About
Mincon Group plc is a global enterprise dedicated to the design, production, distribution, and maintenance of specialized rock drilling tools and related equipment. The company's operations span a wide geographical area, including Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. Their comprehensive product line features drill rigs and mast attachments specifically engineered for excavators and skid steers. They also offer down-the-hole (DTH) hammers and a variety of DTH drill bits suitable for diverse rock-drilling scenarios, in addition to rotary drill bits. Furthermore, Mincon provides extensive construction and geotechnical services, which encompass foundation drilling, pipe pile-wall construction, fore poling techniques, well drilling, and anchoring systems. Other offerings include equipment for reverse circulation drilling, various drill pipes, and horizontal directional drilling products such as pull reamers and pilot hammers. The company also acts as a reseller for third-party manufactured goods. These sophisticated tools are crucial for numerous applications, including mining and quarrying, general construction and geotechnical projects, mineral exploration, water well drilling, geothermal energy development, and horizontal directional drilling. Established in 1977 and headquartered in Shannon, Ireland, the company was formerly known as Manrock plc before adopting its current name, Mincon Group plc, in September 2013. Mincon Group plc operates as a subsidiary of Kingbell Company.
Key statistics
Avg. volume
23.92K
Market cap
£159.35M
P/E Ratio
17.03
Price-to-sales ratio
1.11
Enterprise value
€196.56M
Free cash flow yield
4.60%
Debt-to-equity ratio
0.19
Return on equity
6.96%
ROIC
5.52%
Beta
0.14
Dividend yield
2.47%
Last dividend
£0.02
Financial overview
Revenue
€148.67M
Earnings per share
€0.03
Free cash flow
€5.81M
Net profit margin
6.52%
Gross margin
29.35%
EBITDA
€16.92M
Revenue growth
2.98%
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This is not an investment recommendation
How to buy Mincon from India
Indian residents can buy Mincon 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 GBP.
Search for Mincon and place an order
Find Mincon by name or by its ticker, MCON, and choose an order type. Mincon trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Mincon position in GBP 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 Mincon from India
Trading and taxes when buying Mincon from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- 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. Mincon’s current yield is 2.47%.Dividend tax explained
- Transaction tax
- The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Mincon stock?
Yes. Mincon (MCON) has been listed on the London Stock Exchange since 2013, in the Manufacturing - Tools & Accessories 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 GBP. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Mincon share cost in rupees?
One Mincon share is £0.75 — about ₹95 at a GBP/INR rate of 127.01 on 24 Sep 2026. Both the Mincon 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 Mincon 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 Mincon shares taxed in India?
Non-residents are exempt from UK capital gains tax on the disposal of listed shares, 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 GBP/INR rate on the purchase and the sale date, so the rupee move counts alongside the Mincon price. Paasa issues a capital-gains statement for your return.
Does Mincon pay a dividend, and how is it taxed in India?
Yes. Mincon pays a dividend and the current yield is 2.47%; the last declared dividend was £0.02 per share, about ₹2.30. 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 Mincon from India?
The London Stock Exchange trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
Is Mincon a United Kingdom company, and does that change how it is taxed?
Mincon trades on the London Stock Exchange in GBP, but the company is domiciled in Ireland. Mincon trades as an ordinary share listed directly in the UK, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Are there transaction taxes when buying Mincon?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it. This is charged by the market, not by Paasa.
Do I have to declare Mincon 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 Mincon holding, its cost and its closing value.
How do I sell Mincon and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in GBP 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.