Masterflex SE
Masterflex SE (XETRA: MZX) is trading at €13.70, about ₹1,497 at today's EUR/INR rate, as of 25 Sep 2026, 11:35 AM ET, down 1.44% today. Indian residents can buy Masterflex from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€13.60
Today's high
€13.90
52 week low
€12.05
52 week high
€14.85
MZX opened at €13.90, closed previously at €13.90, and has traded between €12.05 and €14.85 over the past 52 weeks.
About
Headquartered in Gelsenkirchen, Germany, Masterflex SE, established in 1987, is a global developer, manufacturer, and distributor of advanced hoses and connection systems tailored for diverse industrial and manufacturing environments. Under its flagship Masterflex brand, the company supplies a comprehensive range of high-performance hoses—including spiral, clip, film, monolayer, multilayer, co-extruded, and micro-extruded types—along with essential connecting components such as connectors, clamps, manifolds, distributors, drip chambers, and separating membranes. These solutions are vital for critical sectors like medical technology, life sciences, renewable energy, aviation, and both conventional and electric automotive industries. Furthermore, its Matzen & Timm brand focuses on specialized hoses, bellows, and custom molded parts, primarily serving the aerospace, automotive, and rail transport sectors. The Novoplast Schlauchtechnik division excels in the extrusion of various tubes and profiles, while Fleima-Plastic offers injection-molded parts and assembled plastic components for medical technology, cosmetics, and food processing applications. Lastly, the Masterduct brand delivers hoses specifically designed for heating, ventilation, and air conditioning (HVAC) systems.
Key statistics
Avg. volume
1.29K
Market cap
€131.77M
P/E Ratio
14.42
Price-to-sales ratio
1.27
Enterprise value
€136.03M
Free cash flow yield
6.08%
Debt-to-equity ratio
0.20
Return on equity
12.99%
ROIC
11.12%
Beta
0.43
Dividend yield
2.19%
Last dividend
€0.30
Financial overview
Revenue
€102.58M
Earnings per share
€0.91
Free cash flow
€10.33M
Net profit margin
8.78%
Gross margin
30.32%
EBITDA
€19.43M
Revenue growth
4.60%
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This is not an investment recommendation
How to buy Masterflex from India
Indian residents can buy Masterflex 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 EUR.
Search for Masterflex and place an order
Find Masterflex by name or by its ticker, MZX, and choose an order type. Masterflex trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Masterflex position in EUR 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 Masterflex from India
Trading and taxes when buying Masterflex from India
Trading and limits
- Trading hours
- 9:00 am – 5:30 pm CET
- 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. Masterflex’s current yield is 2.19%.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 Masterflex stock?
Yes. Masterflex (MZX) has been listed on XETRA since 2000, in the Chemicals - Specialty 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 EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Masterflex share cost in rupees?
One Masterflex share is €13.70 — about ₹1,497 at an EUR/INR rate of 109.24 on 24 Sep 2026. Both the Masterflex 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 Masterflex 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 Masterflex 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 EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Masterflex price. Paasa issues a capital-gains statement for your return.
Does Masterflex pay a dividend, and how is it taxed in India?
Yes. Masterflex pays a dividend and the current yield is 2.19%; the last declared dividend was €0.30 per share, about ₹32.77. 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 Masterflex from India?
XETRA trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when Germany is on standard time. Orders can only execute during that window.
Do I have to declare Masterflex 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 Masterflex holding, its cost and its closing value.
How do I sell Masterflex and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in EUR 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 Masterflex?
Yes. Masterflex is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.