Open Text Corporation
Open Text Corporation (TSX: OTEX) is trading at CA$31.67, about ₹2,142 at today's CAD/INR rate, as of 29 Sep 2026, 4:00 PM ET, up 0.67% today. Indian residents can buy Open Text from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$30.96
Today's high
CA$31.67
52 week low
CA$27.63
52 week high
CA$56.00
OTEX opened at CA$31.27, closed previously at CA$31.46, and has traded between CA$27.63 and CA$56.00 over the past 52 weeks.
About
Open Text Corporation specializes in the creation, development, promotion, and distribution of sophisticated information management software and solutions. Their extensive portfolio includes vital content services; a robust business network facilitating secure data exchange both internally and externally; comprehensive security and protection offerings safeguarding against cyber threats, ensuring operational continuity, and enabling rapid breach response; and specialized tools for digital investigation and forensic security, including OpenText's own cyber resilience solutions, as well as Carbonite and Webroot products. The company's core OpenText Information Management software platform forms the foundation for many of its offerings, which further encompass an eDiscovery platform utilizing forensics and unstructured data analytics, the OpenText Developer Cloud, key developer API services, and AI and analytics capabilities for structured and unstructured data. Additionally, Open Text provides digital process automation solutions, enabling organizations to transform into data-driven digital businesses, and the OpenText Digital Experience platform. Beyond its product suite, the company delivers comprehensive customer support programs, offering access to software upgrades, a knowledge base, discussion forums, product information, and an online trouble ticket system. They also provide consulting and learning services for the implementation, training, and integration of their licensed products, alongside various cloud services. Open Text serves a diverse global clientele, ranging from large enterprises, mid-market companies, and public sector agencies to small and medium-sized businesses and individual consumers, with a presence across Canada, the United States, the United Kingdom, Germany, the broader European region, the Middle East, Africa, and other international markets. The company maintains strategic alliances with industry leaders such as SAP SE, Google Cloud, Amazon AWS, Microsoft Corporation, Oracle Corporation, Salesforce.com Corporation, Accenture plc, ATOS, Capgemini Technology Services SAS, Cognizant Technology Solutions U.S. Corp., Deloitte Consulting LLP, and Tata Consultancy Services. Open Text Corporation was established in Waterloo, Canada, in 1991.
Key statistics
Avg. volume
1.86M
Market cap
CA$7.69B
P/E Ratio
4.94
Price-to-sales ratio
0.59
Enterprise value
$10.52B
Free cash flow yield
14.67%
Debt-to-equity ratio
1.49
Return on equity
16.02%
ROIC
8.60%
Beta
1.03
Dividend yield
4.95%
Last dividend
CA$1.53
Financial overview
Revenue
$5.25B
Earnings per share
$2.58
Free cash flow
$807.52M
Net profit margin
12.36%
Gross margin
73.55%
EBITDA
$1.82B
Revenue growth
1.51%
Similar securities
This is not an investment recommendation
How to buy Open Text from India
Indian residents can buy Open Text 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 Open Text and place an order
Find Open Text by name or by its ticker, OTEX, and choose an order type. Open Text trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Open Text 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 Open Text from India
Trading and taxes when buying Open Text 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. Open Text’s current yield is 4.95%.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 Open Text stock?
Yes. Open Text (OTEX) has been listed on the Toronto Stock Exchange since 1998, in the Software - Application 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 Open Text share cost in rupees?
One Open Text share is CA$31.67 — about ₹2,142 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the Open Text 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 Open Text 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 Open Text 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 Open Text price. Paasa issues a capital-gains statement for your return.
Does Open Text pay a dividend, and how is it taxed in India?
Yes. Open Text pays a dividend and the current yield is 4.95%; the last declared dividend was CA$1.53 per share, about ₹103.25. 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 Open Text 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 Open Text 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 Open Text holding, its cost and its closing value.
How do I sell Open Text 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 Open Text?
Yes. Open Text 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.