Merit Medical Systems, Inc.
Merit Medical Systems, Inc. (NASDAQ: MMSI) is trading at $87.50, about ₹8,390 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.23% today. Indian residents can buy Merit Medical Systems from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$86.77
Today's high
$87.95
52 week low
$59.74
52 week high
$94.75
MMSI opened at $87.25, closed previously at $87.30, and has traded between $59.74 and $94.75 over the past 52 weeks.
About
Merit Medical Systems, Inc. (MMSI) is engaged in the design, development, manufacturing, and worldwide commercialization of disposable medical products. These devices are crucial for a broad spectrum of diagnostic, therapeutic, and interventional procedures, primarily within the fields of cardiology, radiology, oncology, critical care, and endoscopy. The company operates through two main divisions: Cardiovascular and Endoscopy. Its extensive product portfolio includes advanced solutions for diagnosing and treating conditions in peripheral vessels and organs, as well as a comprehensive suite of cardiac intervention products. The latter encompasses tools for vascular access, angiography, electrophysiology, cardiac rhythm management, fluid and hemodynamic monitoring, hemostasis, and various interventional therapies for heart-related ailments. Additionally, MMSI provides customized procedural solutions, offering critical care items, disinfection protection systems, specialized syringes, manifold kits, and tailored trays and packs. Their offerings further extend to coated tubes and wires, alongside sophisticated sensor components for microelectromechanical systems (MEMS). The company also features pulmonary products, such as laser-cut tracheobronchial stents with their accompanying over-the-wire and direct visualization delivery systems, and dilation balloons used for endoscopic stricture dilation. Gastroenterology products, as well as essential kits and accessories for endoscopy and bronchoscopy procedures, complete their diverse catalog. Merit Medical Systems sells its products to a wide client base, including hospitals and healthcare professionals (physicians, technicians, and nurses) working in alternative care settings. Distribution channels include a direct sales force, authorized distributors, original equipment manufacturer (OEM) partnerships, and custom procedure tray manufacturers, reaching customers throughout the United States and internationally. Founded in 1987, Merit Medical Systems, Inc. has its corporate headquarters situated in South Jordan, Utah.
Key statistics
Avg. volume
810.39K
Market cap
$5.22B
P/E Ratio
35.71
Price-to-sales ratio
3.31
Enterprise value
$5.60B
Free cash flow yield
3.90%
Debt-to-equity ratio
0.49
Return on equity
9.07%
ROIC
5.78%
Beta
0.49
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$1.51B
Earnings per share
$2.17
Free cash flow
$212.53M
Net profit margin
9.22%
Gross margin
49.52%
EBITDA
$332.05M
Revenue growth
11.66%
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This is not an investment recommendation
How to buy Merit Medical Systems from India
Indian residents can buy Merit Medical Systems 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 Merit Medical Systems and place an order
Find Merit Medical Systems by name or by its ticker, MMSI, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Merit Medical Systems trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Merit Medical Systems position in USD and INR. Merit Medical Systems 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 Merit Medical Systems from India
Trading and taxes when buying Merit Medical Systems 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
- NoneMerit Medical Systems 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 Merit Medical Systems stock?
Yes. Merit Medical Systems (MMSI) has been listed on NASDAQ since 1990, in the Medical - Instruments & Supplies 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 Merit Medical Systems share cost in rupees?
One Merit Medical Systems share is $87.50 — about ₹8,390 at a USD/INR rate of 95.88 on 26 Sep 2026. Both the Merit Medical Systems 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 Merit Medical Systems 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 Merit Medical Systems?
Yes. One Merit Medical Systems share is $87.50, 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 Merit Medical Systems.
How are gains on Merit Medical Systems 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 Merit Medical Systems price. Paasa issues a capital-gains statement for your return.
Does Merit Medical Systems pay a dividend?
No. Merit Medical Systems 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 Merit Medical Systems 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 Merit Medical Systems 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 Merit Medical Systems 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 Merit Medical Systems holding, its cost and its closing value.
How do I sell Merit Medical Systems 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.