Neo Performance Materials Inc.
Neo Performance Materials Inc. (TSX: NEO) is trading at CA$32.35, about ₹2,188 at today's CAD/INR rate, as of 29 Sep 2026, 4:00 PM ET, up 0.62% today. Indian residents can buy Neo Performance Materials from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$31.54
Today's high
CA$32.67
52 week low
CA$15.31
52 week high
CA$47.19
NEO opened at CA$32.16, closed previously at CA$32.15, and has traded between CA$15.31 and CA$47.19 over the past 52 weeks.
About
Neo Performance Materials Inc. is a global company that manufactures and sells a diverse range of specialized products, including rare earth elements, magnetic powders, various types of magnets, and functional materials based on rare metals. The company's operations are divided into three key segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench division focuses on producing magnetic powders essential for creating bonded and hot-deformed, fully dense neodymium-iron-boron magnets. These advanced powders are critical components in permanent magnets utilized across numerous applications, such as automotive motors, micro motors, traction systems, and sensing devices. The Chemicals and Oxides segment is responsible for the production and distribution of a wide array of industrial materials. These materials find application in automotive catalysts, petroleum refining and other chemical catalysis, magnet manufacturing, hybrid and electric vehicles, water treatment processes, consumer electronics, and more. The Rare Metals segment manages the sourcing, production, reclamation, refining, and marketing of high-temperature metals, including tantalum, niobium, hafnium, and rhenium, as well as electronic metals like gallium and indium. The output from this segment is used in high-performance super alloys for jet engines, medical imaging technology, wireless communications, LED lighting, flat panel displays, solar energy, steel additives, batteries, and various electronic applications. Founded in 1994, Neo Performance Materials Inc. is based in Toronto, Canada.
Key statistics
Avg. volume
338.25K
Market cap
CA$1.36B
P/E Ratio
6706.15
Price-to-sales ratio
1.60
Enterprise value
$539.53M
Free cash flow yield
-18.44%
Debt-to-equity ratio
0.34
Return on equity
-2.61%
ROIC
-14.55%
Beta
1.63
Dividend yield
1.24%
Last dividend
CA$0.40
Financial overview
Revenue
$487.17M
Earnings per share
-$0.24
Free cash flow
-$87.12M
Net profit margin
0.15%
Gross margin
30.97%
EBITDA
$47.58M
Revenue growth
2.38%
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This is not an investment recommendation
How to buy Neo Performance Materials from India
Indian residents can buy Neo Performance Materials 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 Neo Performance Materials and place an order
Find Neo Performance Materials by name or by its ticker, NEO, and choose an order type. Neo Performance Materials trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Neo Performance Materials 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 Neo Performance Materials from India
Trading and taxes when buying Neo Performance Materials 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. Neo Performance Materials’ current yield is 1.24%.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 Neo Performance Materials stock?
Yes. Neo Performance Materials (NEO) has been listed on the Toronto Stock Exchange since 2017, 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 CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Neo Performance Materials share cost in rupees?
One Neo Performance Materials share is CA$32.35 — about ₹2,188 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the Neo Performance Materials 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 Neo Performance Materials 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 Neo Performance Materials 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 Neo Performance Materials price. Paasa issues a capital-gains statement for your return.
Does Neo Performance Materials pay a dividend, and how is it taxed in India?
Yes. Neo Performance Materials pays a dividend and the current yield is 1.24%; the last declared dividend was CA$0.40 per share, about ₹27.06. 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 Neo Performance Materials 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 Neo Performance Materials 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 Neo Performance Materials holding, its cost and its closing value.
How do I sell Neo Performance Materials 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 Neo Performance Materials?
Yes. Neo Performance Materials 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.