Nordic Group Limited
Nordic Group Limited (SES: MR7) is trading at S$0.54, about ₹40 at today's SGD/INR rate, as of 29 Sep 2026, 11:03 PM ET, down 0.93% today. Indian residents can buy Nordic from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.54
Today's high
S$0.54
52 week low
S$0.39
52 week high
S$0.63
MR7 opened at S$0.54, closed previously at S$0.54, and has traded between S$0.39 and S$0.63 over the past 52 weeks.
About
Nordic Group Limited, an investment holding company established in Singapore in 1998, delivers a comprehensive suite of industrial solutions. These encompass system integration, maintenance, repair, and overhaul (MRO) services, alongside trading, high-precision engineering, scaffolding, and various insulation applications. The company also specializes in petrochemical and environmental engineering, as well as cleanroom, air, and water management technologies. A core strength lies in transforming complex industrial systems into practical solutions, particularly in the realms of flow dynamics, automation, and navigation. The Group's extensive offerings include engineering, procurement, installation, and commissioning (EPIC) for conversions, upgrades, and factory or infrastructure automation, all supported by robust after-sales service. Its specialized insulation capabilities cover thermal, cryogenic, acoustic, and cleanroom requirements, in addition to thermal spray aluminum and passive fire protection. Scaffolding services are comprehensive, involving design, erection, modification, and dismantling, with options for both sale and rental of tubular frame and aluminum systems. Within precision engineering, Nordic designs and builds specialized tooling systems and provides end-to-end turnkey production solutions. For industrial and environmental needs, the company offers a wide range of services such as pre and post-commissioning cleaning, heat exchanger and tank cleaning, process plant recovery, temporary intervention activities, turnaround management, decontamination, and operational support for utility plants. Furthermore, it provides a holistic array of facilities engineering services, including maintenance, engineering, project management, and construction for air pollution control, water, and waste treatment systems. Nordic also manufactures aircraft components and hydraulic actuators, and actively engages in the integration, assembly, trade, import, and export of hydraulic systems and marine components. Serving a broad spectrum of industries including marine, oil and gas, infrastructure, construction, semiconductor, power generation, municipal services, petrochemical, manufacturing, and pharmaceutical sectors, Nordic Group's operations span Singapore, China, Malaysia, the Middle East, and the United States.
Key statistics
Avg. volume
59.35K
Market cap
S$213.07M
P/E Ratio
10.25
Price-to-sales ratio
1.37
Enterprise value
S$179.22M
Free cash flow yield
16.06%
Debt-to-equity ratio
0.28
Return on equity
13.44%
ROIC
10.94%
Beta
0.34
Dividend yield
3.88%
Last dividend
S$0.01
Financial overview
Revenue
S$153.28M
Earnings per share
S$0.05
Free cash flow
S$28.48M
Net profit margin
13.33%
Gross margin
26.81%
EBITDA
S$29.62M
Revenue growth
-3.22%
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This is not an investment recommendation
How to buy Nordic from India
Indian residents can buy Nordic 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 SGD.
Search for Nordic and place an order
Find Nordic by name or by its ticker, MR7, and choose an order type. Nordic trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nordic position in SGD 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 Nordic from India
Trading and taxes when buying Nordic from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- 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. Singapore levies 0% withholding tax on dividends from resident companies. Nordic’s current yield is 3.88%.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
- Estate or inheritance tax
- May applySingapore imposes no estate or inheritance tax on listed securities.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 Nordic stock?
Yes. Nordic (MR7) has been listed on the Singapore Exchange since 2010, in the Engineering & 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 and then to SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Nordic share cost in rupees?
One Nordic share is S$0.54 — about ₹40 at an SGD/INR rate of 75.05 on 29 Sep 2026. Both the Nordic 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 Nordic 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 Nordic shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, 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 SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Nordic price. Paasa issues a capital-gains statement for your return.
Does Nordic pay a dividend, and how is it taxed in India?
Yes. Nordic pays a dividend and the current yield is 3.88%; the last declared dividend was S$0.01 per share, about ₹0.75. Dividends are taxed at your slab rate in India. Singapore levies 0% withholding tax on dividends from resident companies. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Nordic from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is there estate or inheritance tax on Nordic shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying Nordic?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare Nordic 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 Nordic holding, its cost and its closing value.
How do I sell Nordic and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD 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.