Manx Financial Group PLC
Manx Financial Group PLC (LSE: MFX) is trading at £0.23, about ₹29 at today's GBP/INR rate, as of 29 Sep 2026, 3:00 AM ET. Indian residents can buy Manx Financial from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£0.23
Today's high
£0.23
52 week low
£0.20
52 week high
£0.33
MFX opened at £0.23, closed previously at £0.23, and has traded between £0.20 and £0.33 over the past 52 weeks.
About
Manx Financial Group PLC, headquartered in Douglas, Isle of Man, offers a diverse array of financial services throughout the Isle of Man, the United Kingdom, and the Channel Islands. Established in 1935, and previously known as Conister Financial Group PLC until its rebranding in July 2009, the company serves both individual consumers and businesses. Its extensive portfolio includes asset and personal finance solutions such as savings accounts, asset financing, and personal loans, alongside specialized secured credit facilities, block discounting, and funding specifically for small and medium-sized enterprises. The Group also provides foreign exchange services and acts as a broker for hire purchase and leasing arrangements. Additionally, it delivers comprehensive wealth management, mortgage, and various insurance products (general and life), coupled with retirement planning for both personal and corporate clients, in addition to offering payment processing facilities.
Key statistics
Avg. volume
54.41K
Market cap
£28.28M
P/E Ratio
5.20
Price-to-sales ratio
0.42
Enterprise value
£55.55M
Free cash flow yield
37.47%
Debt-to-equity ratio
1.10
Return on equity
12.15%
ROIC
0.98%
Beta
0.74
Dividend yield
5.20%
Last dividend
£0.01
Financial overview
Revenue
£65.55M
Earnings per share
£0.05
Free cash flow
£1.48M
Net profit margin
7.99%
Gross margin
62.25%
EBITDA
£8.13M
Revenue growth
13.91%
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This is not an investment recommendation
How to buy Manx Financial from India
Indian residents can buy Manx Financial 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 Manx Financial and place an order
Find Manx Financial by name or by its ticker, MFX, and choose an order type. Manx Financial trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Manx Financial 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 Manx Financial from India
Trading and taxes when buying Manx Financial 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. Manx Financial’s current yield is 5.20%.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 Manx Financial stock?
Yes. Manx Financial (MFX) has been listed on the London Stock Exchange since 2007, in the Banks - Regional 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 Manx Financial share cost in rupees?
One Manx Financial share is £0.23 — about ₹29 at a GBP/INR rate of 127.41 on 28 Sep 2026. Both the Manx Financial 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 Manx Financial 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 Manx Financial 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 Manx Financial price. Paasa issues a capital-gains statement for your return.
Does Manx Financial pay a dividend, and how is it taxed in India?
Yes. Manx Financial pays a dividend and the current yield is 5.20%; the last declared dividend was £0.01 per share, about ₹1.52. 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 Manx Financial 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 Manx Financial a United Kingdom company, and does that change how it is taxed?
Manx Financial trades on the London Stock Exchange in GBP, but the company is domiciled in Isle of Man. Manx Financial 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 Manx Financial?
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 Manx Financial 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 Manx Financial holding, its cost and its closing value.
How do I sell Manx Financial 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.