NVE Corporation
NVE Corporation (NASDAQ: NVEC) is trading at $108.44, about ₹10,412 at today's USD/INR rate, as of 25 Sep 2026, 2:02 PM ET, up 1.68% today. Indian residents can buy NVE from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$106.85
Today's high
$109.55
52 week low
$57.21
52 week high
$135.00
NVEC opened at $108.42, closed previously at $106.65, and has traded between $57.21 and $135.00 over the past 52 weeks.
About
NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information, both in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products include standard sensors designed to detect the presence of magnetic or metallic materials, which help determine position, rotation, or speed in the factory automation market. In addition, the company offers custom and medical sensors for medical devices, intended to replace electromechanical magnetic switches. Further, the company provides spintronic couplers for power conversion and industrial Internet of Things (IIoT) markets, as well as DC-to-DC converters for use in power conversion systems and industrial networks for the IIoT and MRAM products. Additionally, it undertakes contracts for research and development and licenses spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
Key statistics
Avg. volume
201.70K
Market cap
$524.54M
P/E Ratio
29.15
Price-to-sales ratio
16.78
Enterprise value
$522.55M
Free cash flow yield
2.97%
Debt-to-equity ratio
0.02
Return on equity
30.53%
ROIC
27.05%
Beta
1.32
Dividend yield
3.69%
Last dividend
$4.00
Financial overview
Revenue
$26.33M
Earnings per share
$3.14
Free cash flow
$14.47M
Net profit margin
57.64%
Gross margin
79.26%
EBITDA
$18.28M
Revenue growth
1.76%
Similar securities
This is not an investment recommendation
How to buy NVE from India
Indian residents can buy NVE 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.
Search for NVE and place an order
Find NVE by name or by its ticker, NVEC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. NVE trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your NVE position in USD 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 NVE from India
Trading and taxes when buying NVE 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. NVE’s current yield is 3.69%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy NVE stock?
Yes. NVE (NVEC) has been listed on NASDAQ since 1995, in the Semiconductors 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. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one NVE share cost in rupees?
One NVE share is $108.44 — about ₹10,412 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the NVE 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 NVE 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.
Can I buy NVE with less than the price of one share?
Yes. A whole NVE share is $108.44, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on NVE shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. 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 USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the NVE price. Paasa issues a capital-gains statement for your return.
Does NVE pay a dividend, and how is it taxed in India?
Yes. NVE pays a dividend and the current yield is 3.69%; the last declared dividend was $4.00 per share, about ₹384.08. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade NVE from India?
NASDAQ 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 the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on NVE shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare NVE 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 NVE holding, its cost and its closing value.
How do I sell NVE and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD 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.