Morgan Advanced Materials plc
Morgan Advanced Materials plc (LSE: MGAM) is trading at £2.70, about ₹342 at today's GBP/INR rate, as of 30 Sep 2026, 9:21 AM ET, up 1.32% today. Indian residents can buy Morgan Advanced Materials from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£2.67
Today's high
£2.72
52 week low
£1.80
52 week high
£2.72
MGAM opened at £2.69, closed previously at £2.66, and has traded between £1.80 and £2.72 over the past 52 weeks.
About
Morgan Advanced Materials plc is a UK-based global leader in materials science and advanced engineering solutions. The company develops and manufactures a diverse portfolio of high-performance products. Its extensive range encompasses thermal management solutions, including insulating fibers, microporous materials, various firebricks, monolithic structures, heat shields, and fired refractory shapes. They also provide specialized crucibles, foundry supplies, and comprehensive furnace components for diverse industrial applications. Furthermore, Morgan Advanced Materials offers precision-engineered seals and bearings, from face seals and segmented designs to sliding bearings and components for rotary pumps and valves. Their expertise extends to a suite of carbon-based electrical components, such as brushes, collectors, slip rings, and current collection strips, alongside brush holders and diagnostic tools. The company is also a key provider of advanced ceramic solutions, spanning intricate components, ceramic cores, brazed and metallized assemblies, and specialized products for mass spectrometry, semiconductors, and medical applications; this includes tubes, laboratory porcelain, and kiln furniture, some marketed under the Haldenwanger brand. These highly engineered materials serve a wide array of critical sectors, such as industrial manufacturing, transportation, energy, petrochemicals, electronics, healthcare, and defense. With a robust global presence, Morgan Advanced Materials operates across the Americas (including the United States and other North American countries), Europe (including the United Kingdom, Germany, France, and other European countries), Asia (including China and other Asian countries), Australasia, the Middle East, and Africa. Founded in Windsor, UK, in 1856 as The Morgan Crucible Company plc, the company adopted its current name, Morgan Advanced Materials plc, in March 2013.
Key statistics
Avg. volume
1.15M
Market cap
£744.94M
P/E Ratio
40.47
Price-to-sales ratio
0.75
Enterprise value
£890.93M
Free cash flow yield
8.78%
Debt-to-equity ratio
1.27
Return on equity
6.66%
ROIC
4.95%
Beta
1.22
Dividend yield
4.53%
Last dividend
£0.12
Financial overview
Revenue
£996.60M
Earnings per share
£0.08
Free cash flow
£53.50M
Net profit margin
1.85%
Gross margin
8.82%
EBITDA
£210.10M
Revenue growth
-9.46%
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This is not an investment recommendation
How to buy Morgan Advanced Materials from India
Indian residents can buy Morgan Advanced Materials 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 Morgan Advanced Materials and place an order
Find Morgan Advanced Materials by name or by its ticker, MGAM, and choose an order type. Morgan Advanced Materials trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Morgan Advanced Materials 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 Morgan Advanced Materials from India
Trading and taxes when buying Morgan Advanced Materials 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. The UK levies 0% withholding tax on company dividends paid to non-residents. Morgan Advanced Materials’ current yield is 4.53%.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.
- Estate or inheritance tax
- May applyShares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents.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 Morgan Advanced Materials stock?
Yes. Morgan Advanced Materials (MGAM) has been listed on the London Stock Exchange since 1988, in the Industrial - Specialties 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 Morgan Advanced Materials share cost in rupees?
One Morgan Advanced Materials share is £2.70 — about ₹342 at a GBP/INR rate of 127.06 on 29 Sep 2026. Both the Morgan Advanced Materials 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 Morgan Advanced Materials 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 Morgan Advanced Materials 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 Morgan Advanced Materials price. Paasa issues a capital-gains statement for your return.
Does Morgan Advanced Materials pay a dividend, and how is it taxed in India?
Yes. Morgan Advanced Materials pays a dividend and the current yield is 4.53%; the last declared dividend was £0.12 per share, about ₹15.50. Dividends are taxed at your slab rate in India. The UK levies 0% withholding tax on company dividends paid to non-residents. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Morgan Advanced Materials 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 there estate or inheritance tax on Morgan Advanced Materials shares held from India?
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents. It applies to your overall holdings in that jurisdiction rather than to any one position.
Are there transaction taxes when buying Morgan Advanced Materials?
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 Morgan Advanced Materials 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 Morgan Advanced Materials holding, its cost and its closing value.
How do I sell Morgan Advanced Materials 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.