M/I Homes, Inc.
M/I Homes, Inc. (NYSE: MHO) is trading at $137.40, about ₹13,200 at today's USD/INR rate, as of 28 Sep 2026, 4:00 PM ET, down 0.97% today. Indian residents can buy M/I Homes from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$137.29
Today's high
$140.00
52 week low
$116.78
52 week high
$163.66
MHO opened at $137.35, closed previously at $138.75, and has traded between $116.78 and $163.66 over the past 52 weeks.
About
M/I Homes, Inc. (MHO), along with its affiliated companies, constructs single-family residences across a broad geographical area, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Its operations are divided into three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Under the M/I Homes brand, the company engages in the entire process of home development, from conceptual design and construction to marketing and sales. It caters to a diverse clientele, encompassing first-time purchasers, millennials, those upgrading their homes, empty-nesters, and luxury market consumers, offering both detached single-family houses and attached townhouses. Beyond building, M/I Homes acquires raw land, transforming it into ready-to-build lots. These developed parcels are then utilized for its own single-family home construction projects or sold to external parties. Furthermore, its financial services division facilitates homeownership by originating and selling mortgage loans. This segment also operates as a title insurance provider, offering policies, conducting examinations, and managing closing services for individuals buying M/I Homes properties. Originally established in Columbus, Ohio, in 1976, the company was initially named M/I Schottenstein Homes, Inc. It adopted its current name, M/I Homes, Inc., in January 2004.
Key statistics
Avg. volume
230.63K
Market cap
$3.47B
P/E Ratio
11.32
Price-to-sales ratio
0.81
Enterprise value
$3.74B
Free cash flow yield
5.79%
Debt-to-equity ratio
0.31
Return on equity
9.97%
ROIC
34.86%
Beta
1.61
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$4.42B
Earnings per share
$15.07
Free cash flow
$120.73M
Net profit margin
7.44%
Gross margin
21.55%
EBITDA
$566.67M
Revenue growth
-1.93%
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This is not an investment recommendation
How to buy M/I Homes from India
Indian residents can buy M/I Homes 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 M/I Homes and place an order
Find M/I Homes by name or by its ticker, MHO, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. M/I Homes trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your M/I Homes position in USD and INR. M/I Homes pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in M/I Homes from India
Trading and taxes when buying M/I Homes 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
- NoneM/I Homes does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 M/I Homes stock?
Yes. M/I Homes (MHO) has been listed on the New York Stock Exchange since 1993, in the Residential Construction 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 M/I Homes share cost in rupees?
One M/I Homes share is $137.40 — about ₹13,200 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the M/I Homes 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 M/I Homes 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 M/I Homes with less than the price of one share?
Yes. A whole M/I Homes share is $137.40, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on M/I Homes 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 M/I Homes price. Paasa issues a capital-gains statement for your return.
Does M/I Homes pay a dividend?
No. M/I Homes does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade M/I Homes from India?
The New York 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 the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on M/I Homes 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 M/I Homes 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 M/I Homes holding, its cost and its closing value.
How do I sell M/I Homes 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.