MGP Ingredients, Inc.
MGP Ingredients, Inc. (NASDAQ: MGPI) is trading at $13.18, about ₹1,266 at today's USD/INR rate, as of 30 Sep 2026, 9:44 AM ET, down 1.20% today. Indian residents can buy MGP Ingredients from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$13.11
Today's high
$13.40
52 week low
$12.50
52 week high
$26.77
MGPI opened at $13.40, closed previously at $13.34, and has traded between $12.50 and $26.77 over the past 52 weeks.
About
MGP Ingredients, Inc., founded in 1941 and headquartered in Atchison, Kansas, operates as a prominent manufacturer and supplier across three main business areas: distilled spirits, branded alcoholic beverages, and specialized food ingredients. The company's operations are structured around three core divisions: 1. Distillery Products: This segment is responsible for producing food-grade alcohol, which serves both beverage manufacturers—forming the base for products like bourbon, rye whiskeys, vodka, and gin—and industrial applications as a key ingredient in food items, personal care products, cleaning agents, and pharmaceuticals. It also manufactures fuel-grade ethanol for gasoline blending and extracts valuable co-products such as distillers feed and corn oil. Additionally, this division provides comprehensive warehousing services, including barrel storage, retrieval, and blending operations. 2. Branded Spirits: This division focuses on offering a diverse portfolio of proprietary distilled spirits, catering to various market tiers from ultra-premium and premium to mid-tier and value price points. 3. Ingredient Solutions: This segment supplies a variety of specialized components. These include specialty wheat starches for culinary applications, marketed under brands such as Fibersym, Resistant Starch, and FiberRite RW, as well as specialty wheat proteins, including Arise and Proterra, also for food use. The segment further provides gluten-free textured pea proteins, alongside commodity wheat starch and proteins for both food and industrial purposes. MGP Ingredients distributes its offerings either directly or through a network of distributors to manufacturers, processors of packaged goods, and bakeries. Its primary market footprint extends across the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada.
Key statistics
Avg. volume
216.93K
Market cap
$282.24M
P/E Ratio
-1.17
Price-to-sales ratio
0.56
Enterprise value
$767.27M
Free cash flow yield
14.65%
Debt-to-equity ratio
0.64
Return on equity
-15.01%
ROIC
-9.05%
Beta
0.44
Dividend yield
3.64%
Last dividend
$0.48
Financial overview
Revenue
$536.38M
Earnings per share
-$4.99
Free cash flow
$76.04M
Net profit margin
-48.40%
Gross margin
35.55%
EBITDA
-$69.22M
Revenue growth
-23.77%
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This is not an investment recommendation
How to buy MGP Ingredients from India
Indian residents can buy MGP Ingredients 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.
Search for MGP Ingredients and place an order
Find MGP Ingredients by name or by its ticker, MGPI, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. MGP Ingredients trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your MGP Ingredients position in USD 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 MGP Ingredients from India
Trading and taxes when buying MGP Ingredients 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. MGP Ingredients’ current yield is 3.64%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy MGP Ingredients stock?
Yes. MGP Ingredients (MGPI) has been listed on NASDAQ since 1988, in the Beverages - Wineries & Distilleries 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. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one MGP Ingredients share cost in rupees?
One MGP Ingredients share is $13.18 — about ₹1,266 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the MGP Ingredients 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 MGP Ingredients 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.
Can I buy whole shares of MGP Ingredients?
Yes. One MGP Ingredients share is $13.18, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in MGP Ingredients.
How are gains on MGP Ingredients shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, 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 USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the MGP Ingredients price. Paasa issues a capital-gains statement for your return.
Does MGP Ingredients pay a dividend, and how is it taxed in India?
Yes. MGP Ingredients pays a dividend and the current yield is 3.64%; the last declared dividend was $0.48 per share, about ₹46.11. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade MGP Ingredients from India?
NASDAQ 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 the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on MGP Ingredients shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare MGP Ingredients 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 MGP Ingredients holding, its cost and its closing value.
How do I sell MGP Ingredients and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD 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.