Melcor Developments Ltd.
Melcor Developments Ltd. (TSX: MRD) is trading at CA$18.72, about ₹1,273 at today's CAD/INR rate, as of 24 Sep 2026, 3:55 PM ET, up 1.19% today. Indian residents can buy Melcor Developments from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$18.50
Today's high
CA$18.72
52 week low
CA$14.18
52 week high
CA$19.47
MRD opened at CA$18.55, closed previously at CA$18.72, and has traded between CA$14.18 and CA$19.47 over the past 52 weeks.
About
Melcor Developments Ltd. is a real estate development and management firm with operations spanning the United States and Canada. The company segments its business into Community Development, Property Development, REIT, Investment Property, and Recreational Property. Melcor's extensive activities encompass the creation, management, and ownership of diverse properties, including master-planned residential communities, business and industrial parks, office buildings, retail centers, and golf facilities. Its core operations involve acquiring land for development into residential, industrial, and commercial lots for sale, as well as constructing and leasing retail, office, and industrial properties. Furthermore, Melcor owns and leases a variety of commercial, retail, and residential assets, alongside parking lots and undeveloped land. A specific highlight of its recreational portfolio is the ownership and management of three 18-hole golf courses. Established in 1923, Melcor Developments Ltd. maintains its corporate headquarters in Edmonton, Canada.
Key statistics
Avg. volume
5.75K
Market cap
CA$562.29M
P/E Ratio
6.22
Price-to-sales ratio
1.53
Enterprise value
CA$983.25M
Free cash flow yield
6.02%
Debt-to-equity ratio
0.38
Return on equity
7.14%
ROIC
5.96%
Beta
0.87
Dividend yield
4.97%
Last dividend
CA$0.93
Financial overview
Revenue
CA$410.55M
Earnings per share
CA$1.92
Free cash flow
CA$91.88M
Net profit margin
24.75%
Gross margin
43.52%
EBITDA
CA$135.07M
Revenue growth
17.47%
Similar securities
This is not an investment recommendation
How to buy Melcor Developments from India
Indian residents can buy Melcor Developments 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 CAD.
Search for Melcor Developments and place an order
Find Melcor Developments by name or by its ticker, MRD, and choose an order type. Melcor Developments trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Melcor Developments position in CAD 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 Melcor Developments from India
Trading and taxes when buying Melcor Developments 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. Melcor Developments’ current yield is 4.97%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Melcor Developments stock?
Yes. Melcor Developments (MRD) has been listed on the Toronto Stock Exchange since 1996, in the Real Estate - Development 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 CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Melcor Developments share cost in rupees?
One Melcor Developments share is CA$18.72 — about ₹1,273 at a CAD/INR rate of 68.03 on 25 Sep 2026. Both the Melcor Developments 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 Melcor Developments 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 Melcor Developments shares taxed in India?
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 CAD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Melcor Developments price. Paasa issues a capital-gains statement for your return.
Does Melcor Developments pay a dividend, and how is it taxed in India?
Yes. Melcor Developments pays a dividend and the current yield is 4.97%; the last declared dividend was CA$0.93 per share, about ₹63.27. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Melcor Developments from India?
The Toronto 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 Canada is on standard time. Orders can only execute during that window.
Do I have to declare Melcor Developments 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 Melcor Developments holding, its cost and its closing value.
How do I sell Melcor Developments and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in CAD 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.
Does the rupee rate affect what I make on Melcor Developments?
Yes. Melcor Developments is priced in CAD, so your rupee outcome combines the CAD move with the CAD/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.