Medinex Limited
Medinex Limited (SES: OTX) is trading at S$0.20, about ₹15 at today's SGD/INR rate, as of 29 Sep 2026, 9:27 PM ET, up 4.21% today. Indian residents can buy Medinex from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.20
Today's high
S$0.20
52 week low
S$0.19
52 week high
S$0.26
OTX opened at S$0.20, closed previously at S$0.19, and has traded between S$0.19 and S$0.26 over the past 52 weeks.
About
Medinex Limited, an investment holding company founded in Singapore in 2009, specializes in providing extensive professional support services, primarily catering to medical clinics across the country. The company's operations are divided into four main segments: Medical Support Services, Business Support Services, Pharmaceutical Services, and Medical Services. Within its Medical Support Services division, Medinex assists with clinic establishment, streamlines license applications, delivers value-added solutions for the healthcare sector, offers comprehensive turnkey solutions, and provides strategic guidance to general practitioners and specialists on setting up their facilities. The Business Support Services segment extends its offerings beyond the medical field, supplying crucial administrative support such as accounting, tax agency, human resource management, and corporate secretarial services to a variety of sectors including food and beverage, retail, education, and beauty. Through its Pharmaceutical Services, Medinex manages the sourcing and supply of medical and pharmaceutical products to clinics. The Medical Services segment directly furnishes a range of clinical provisions, including diagnostic imaging and x-rays, pre-employment health examinations, vaccination programs, customized healthcare plans, and general health screenings. Furthermore, Medinex offers advisory and business management consultancy, call support services, data protection officer roles, and various training programs to its clients.
Key statistics
Avg. volume
16.91K
Market cap
S$26.64M
P/E Ratio
7.86
Price-to-sales ratio
1.43
Enterprise value
S$27.45M
Free cash flow yield
8.51%
Debt-to-equity ratio
0.06
Return on equity
13.46%
ROIC
21.67%
Beta
0.13
Dividend yield
12.73%
Last dividend
S$0.03
Financial overview
Revenue
S$12.41M
Earnings per share
S$0.02
Free cash flow
S$2.55M
Net profit margin
17.92%
Gross margin
34.87%
EBITDA
S$2.99M
Revenue growth
-3.12%
Similar securities
This is not an investment recommendation
How to buy Medinex from India
Indian residents can buy Medinex 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 SGD.
Search for Medinex and place an order
Find Medinex by name or by its ticker, OTX, and choose an order type. Medinex trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Medinex position in SGD 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 Medinex from India
Trading and taxes when buying Medinex from India
Trading and limits
- Trading hours
- 9:00 am – 5:00 pm SGT
- 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. Singapore levies 0% withholding tax on dividends from resident companies. Medinex’s current yield is 12.73%.Dividend tax explained
- Transaction tax
- Singapore levies no stamp duty or transaction tax on listed equities.
- Estate or inheritance tax
- May applySingapore imposes no estate or inheritance tax on listed securities.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Medinex stock?
Yes. Medinex (OTX) has been listed on the Singapore Exchange since 2018, in the Medical - Care Facilities 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 SGD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Medinex share cost in rupees?
One Medinex share is S$0.20 — about ₹15 at an SGD/INR rate of 75.05 on 29 Sep 2026. Both the Medinex 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 Medinex 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 Medinex shares taxed in India?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs, 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 SGD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Medinex price. Paasa issues a capital-gains statement for your return.
Does Medinex pay a dividend, and how is it taxed in India?
Yes. Medinex pays a dividend and the current yield is 12.73%; the last declared dividend was S$0.03 per share, about ₹1.89. Dividends are taxed at your slab rate in India. Singapore levies 0% withholding tax on dividends from resident companies. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Medinex from India?
The Singapore Exchange trades 6:30 am – 2:30 pm IST in Indian time. Orders can only execute during that window.
Is there estate or inheritance tax on Medinex shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying Medinex?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare Medinex 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 Medinex holding, its cost and its closing value.
How do I sell Medinex and bring the money back to India?
You sell during market hours (6:30 am – 2:30 pm IST) and the proceeds settle in SGD 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.