NFI Group Inc.
NFI Group Inc. (TSX: NFI) is trading at CA$24.63, about ₹1,666 at today's CAD/INR rate, as of 29 Sep 2026, 4:00 PM ET, up 2.84% today. Indian residents can buy NFI from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$23.81
Today's high
CA$24.69
52 week low
CA$12.50
52 week high
CA$26.40
NFI opened at CA$24.42, closed previously at CA$23.95, and has traded between CA$12.50 and CA$26.40 over the past 52 weeks.
About
NFI Group Inc., a prominent manufacturer and seller of buses, operates globally across North America, the United Kingdom, Europe, and the Asia Pacific region. Headquartered in Winnipeg, Canada, the company was established in 1930, adopting its current name in May 2018, having previously been known as New Flyer Industries Inc. Its business is structured into two main segments: Manufacturing Operations and Aftermarket Operations. NFI boasts a diverse portfolio of vehicles, including heavy-duty transit buses sold under the New Flyer brand, single and double-deck buses from Alexander Dennis Limited, and motor coaches by Plaxton and MCI. They also produce low-floor cutaway and medium-duty buses through the ARBOC brand, alongside articulated buses. A significant focus for the company is on zero-emission solutions, offering battery-electric, hydrogen fuel-cell, and electric trolley buses. Complementing its vehicle production, NFI provides extensive post-sale services, which include distributing aftermarket parts via NFI Parts, offering field support, supplying technical documentation, conducting training, and managing special projects.
Key statistics
Avg. volume
265.93K
Market cap
CA$2.93B
P/E Ratio
36.39
Price-to-sales ratio
0.55
Enterprise value
$2.52B
Free cash flow yield
10.57%
Debt-to-equity ratio
1.97
Return on equity
-24.70%
ROIC
0.51%
Beta
0.54
Dividend yield
0.00%
Last dividend
CA$0.00
Financial overview
Revenue
$3.68B
Earnings per share
-$1.22
Free cash flow
$142.24M
Net profit margin
1.55%
Gross margin
9.19%
EBITDA
$89.67M
Revenue growth
17.79%
Similar securities
This is not an investment recommendation
How to buy NFI from India
Indian residents can buy NFI 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 NFI and place an order
Find NFI by name or by its ticker, NFI, and choose an order type. NFI trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your NFI position in CAD and INR. NFI pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in NFI from India
Trading and taxes when buying NFI 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
- NoneNFI does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 NFI stock?
Yes. NFI (NFI) has been listed on the Toronto Stock Exchange since 2012, in the Auto - Manufacturers 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 NFI share cost in rupees?
One NFI share is CA$24.63 — about ₹1,666 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the NFI 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 NFI 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 NFI 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 NFI price. Paasa issues a capital-gains statement for your return.
Does NFI pay a dividend?
No. NFI does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade NFI 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 NFI 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 NFI holding, its cost and its closing value.
How do I sell NFI 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 NFI?
Yes. NFI 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.