Mullen Group Ltd.
Mullen Group Ltd. (TSX: MTL) is trading at CA$26.58, about ₹1,810 at today's CAD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 1.49% today. Indian residents can buy Mullen from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$26.00
Today's high
CA$26.97
52 week low
CA$13.53
52 week high
CA$28.78
MTL opened at CA$26.13, closed previously at CA$26.19, and has traded between CA$13.53 and CA$28.78 over the past 52 weeks.
About
Mullen Group Ltd., established in 1949 and based in Okotoks, Canada, operates as a prominent provider of trucking and comprehensive logistics solutions throughout Canada and the United States. Its diverse operations are categorized into four main divisions: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload division focuses on the efficient delivery of smaller consignments, including general freight, various packages, and pharmaceutical goods. The Logistics & Warehousing segment offers an array of multimodal transportation options, such as full truckload, specialized hauling, intermodal, and transload services, facilitated by its extensive network of terminals and transload facilities. Additionally, it provides essential warehousing and distribution capabilities. The Specialized & Industrial Services segment caters to the energy and industrial sectors with a broad spectrum of services. These include production support like well servicing, fluid transportation (for production, disposal, and frac operations), hydrovac excavation, and industrial cleaning alongside turnaround services. Specialized project support encompasses dredging, dewatering, large diameter pipe management (stockpiling and stringing), water solutions, environmental management, civil construction, municipal infrastructure development, emergency response, hydrostatic testing for pipelines and midstream assets, and the transport of oversized and overweight cargo, along with supplying original equipment manufacturer (OEM) parts and services. Furthermore, it delivers drilling and drilling-related services, which span the handling, storage, and transport of oilfield fluids, tubulars, and drilling mud; rig relocation; general oilfield hauling; well disposal facilities; core drilling; and the setting of surface and conductor pipes. The U.S. & International Logistics division offers comprehensive logistical support through a network of professional representatives and station agents. This segment also features SilverExpress, its proprietary integrated platform for transportation management.
Key statistics
Avg. volume
308.19K
Market cap
CA$2.56B
P/E Ratio
23.52
Price-to-sales ratio
1.14
Enterprise value
CA$3.43B
Free cash flow yield
6.71%
Debt-to-equity ratio
0.90
Return on equity
9.35%
ROIC
6.07%
Beta
0.91
Dividend yield
3.16%
Last dividend
CA$0.84
Financial overview
Revenue
CA$2.13B
Earnings per share
CA$1.03
Free cash flow
CA$158.20M
Net profit margin
4.65%
Gross margin
23.34%
EBITDA
CA$324.64M
Revenue growth
7.26%
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This is not an investment recommendation
How to buy Mullen from India
Indian residents can buy Mullen 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 Mullen and place an order
Find Mullen by name or by its ticker, MTL, and choose an order type. Mullen trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Mullen 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 Mullen from India
Trading and taxes when buying Mullen 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. Mullen’s current yield is 3.16%.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 Mullen stock?
Yes. Mullen (MTL) has been listed on the Toronto Stock Exchange since 1996, in the Trucking 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 Mullen share cost in rupees?
One Mullen share is CA$26.58 — about ₹1,810 at a CAD/INR rate of 68.10 on 24 Sep 2026. Both the Mullen 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 Mullen 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 Mullen 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 Mullen price. Paasa issues a capital-gains statement for your return.
Does Mullen pay a dividend, and how is it taxed in India?
Yes. Mullen pays a dividend and the current yield is 3.16%; the last declared dividend was CA$0.84 per share, about ₹57.20. 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 Mullen 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 Mullen 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 Mullen holding, its cost and its closing value.
How do I sell Mullen 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 Mullen?
Yes. Mullen 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.