Pineapple Financial Inc.
Pineapple Financial Inc. (AMEX: PAPL) is trading at $0.96, about ₹92 at today's USD/INR rate, as of 30 Sep 2026, 1:16 PM ET, down 3.02% today. Indian residents can buy Pineapple Financial from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$0.96
Today's high
$1.00
52 week low
$0.54
52 week high
$6.23
PAPL opened at $1.00, closed previously at $0.99, and has traded between $0.54 and $6.23 over the past 52 weeks.
About
Pineapple Financial Inc., headquartered in North York, Canada, is a Canadian enterprise specializing in mortgage technology and brokerage services. The company delivers comprehensive mortgage brokerage solutions alongside advanced technological tools. These offerings are designed for a wide array of Canadian mortgage professionals, including agents, brokers, sub-brokers, and entire brokerages, as well as direct consumers. Leveraging sophisticated data-driven systems and cloud-based platforms, its technology suite includes the MyPineapple platform, which empowers users to efficiently manage and execute their brokerage operations. Beyond its core offerings, Pineapple Financial provides extensive back-office support. This encompasses digital onboarding, streamlined loan packaging and processing, a client portal for document management, loan maintenance, and critical administrative functions such as payroll, lender communications, regulatory reporting, and business management. It also covers cloud services, expense collection, document preparation, compliance oversight, training programs, general administration, and marketing assistance. Additionally, the company delivers pre-underwriting assistance, covering crucial aspects like credit assessment, data verification, fraud detection and compliance checks, appraisal coordination and review, and comprehensive data analytics. Furthermore, Pineapple Financial diversifies its portfolio with an array of insurance products, including life, accident and disability, critical illness, and credit insurance. Founded in 2016, the company was initially known as 2487269 Ontario Ltd before rebranding to Pineapple Financial Inc. in June 2021.
Key statistics
Avg. volume
251.54K
Market cap
$24.26M
P/E Ratio
-0.02
Price-to-sales ratio
2.57
Enterprise value
$1.89M
Free cash flow yield
-70.65%
Debt-to-equity ratio
0.43
Return on equity
-401.30%
ROIC
-92.60%
Beta
5.57
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$2.99M
Earnings per share
-$5.46
Free cash flow
-$1.89M
Net profit margin
-560.80%
Gross margin
-13.82%
EBITDA
-$2.43M
Revenue growth
11.08%
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This is not an investment recommendation
How to buy Pineapple Financial from India
Indian residents can buy Pineapple Financial 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 Pineapple Financial and place an order
Find Pineapple Financial by name or by its ticker, PAPL, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Pineapple Financial trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Pineapple Financial position in USD and INR. Pineapple Financial 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 Pineapple Financial from India
Trading and taxes when buying Pineapple Financial 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
- NonePineapple Financial 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 LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Pineapple Financial stock?
Yes. Pineapple Financial (PAPL) has been listed on NYSE American since 2023, in the Financial - Mortgages 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 Pineapple Financial share cost in rupees?
One Pineapple Financial share is $0.96 — about ₹92 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Pineapple Financial 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 Pineapple Financial 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 whole shares of Pineapple Financial?
Yes. One Pineapple Financial share is $0.96, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Pineapple Financial.
How are gains on Pineapple Financial 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 Pineapple Financial price. Paasa issues a capital-gains statement for your return.
Does Pineapple Financial pay a dividend?
No. Pineapple Financial 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 Pineapple Financial from India?
NYSE American 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 Pineapple Financial a United States company, and does that change how it is taxed?
Pineapple Financial trades on NYSE American in US dollars, but the company is domiciled in Canada. Pineapple Financial trades as an ordinary share listed directly in the US, not a depositary receipt. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Pineapple Financial 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 Pineapple Financial holding, its cost and its closing value.
How do I sell Pineapple Financial 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.