Precision Drilling Corporation
Precision Drilling Corporation (TSX: PD) is trading at CA$116.00, about ₹7,900 at today's CAD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 1.39% today. Indian residents can buy Precision Drilling from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$114.96
Today's high
CA$117.14
52 week low
CA$74.51
52 week high
CA$143.81
PD opened at CA$115.41, closed previously at CA$117.63, and has traded between CA$74.51 and CA$143.81 over the past 52 weeks.
About
Precision Drilling Corporation, a Calgary, Canada-based enterprise, provides a full suite of onshore drilling, completion, and production services. The company supports exploration and production firms in the oil and natural gas, as well as geothermal sectors, operating extensively across North America and the Middle East. Its operations are segmented into two core divisions: Contract Drilling Services and Completion and Production Services. The Contract Drilling Services division focuses on onshore well drilling for oil and natural gas exploration and production entities. This encompasses land and turnkey drilling solutions, the sourcing and distribution of oilfield equipment, and the manufacture and repair of drilling and service rig apparatus. As of December 31, 2021, this segment managed a fleet of 227 land drilling rigs, comprising 109 in Canada, 105 in the United States, 6 in Kuwait, 4 in Saudi Arabia, 2 in the Kurdistan region of Iraq, and 1 in Georgia. This advanced fleet included 47 AlphaTM rigs featuring commercial AlphaAutomation, 18 AlphaApps, 4 grid power-capable rigs, and 60 natural gas or bi-fuel powered rigs. The Completion and Production Services segment delivers crucial support for well completion, workover, abandonment, maintenance, and re-entry preparation through its service rigs. This division also supplies wellsite accommodations, offers a range of oilfield surface equipment for lease, and provides camp and catering services to oil and natural gas exploration and production companies. By December 31, 2021, its assets featured 123 well completion and workover service rigs (113 in Canada and 10 in the United States), in addition to 1,900 oilfield rental items including surface storage, small-flow wastewater treatment, power generation, and solids control equipment. Within Canada, this segment also maintained 109 wellsite accommodation units, 943 drill camp beds, 822 base camp beds, and three kitchen diners. Precision Drilling Corporation was founded in 1951.
Key statistics
Avg. volume
78.51K
Market cap
CA$1.49B
P/E Ratio
-46.73
Price-to-sales ratio
0.78
Enterprise value
CA$2.12B
Free cash flow yield
7.95%
Debt-to-equity ratio
0.44
Return on equity
-2.03%
ROIC
-22.39%
Beta
1.29
Dividend yield
0.00%
Last dividend
CA$0.00
Financial overview
Revenue
CA$1.84B
Earnings per share
CA$0.14
Free cash flow
CA$148.71M
Net profit margin
-1.71%
Gross margin
17.59%
EBITDA
CA$489.62M
Revenue growth
-3.08%
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This is not an investment recommendation
How to buy Precision Drilling from India
Indian residents can buy Precision Drilling 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 Precision Drilling and place an order
Find Precision Drilling by name or by its ticker, PD, and choose an order type. Precision Drilling trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Precision Drilling position in CAD and INR. Precision Drilling 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 Precision Drilling from India
Trading and taxes when buying Precision Drilling 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
- NonePrecision Drilling 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 Precision Drilling stock?
Yes. Precision Drilling (PD) has been listed on the Toronto Stock Exchange since 2006, in the Oil & Gas Drilling 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 Precision Drilling share cost in rupees?
One Precision Drilling share is CA$116.00 — about ₹7,900 at a CAD/INR rate of 68.10 on 24 Sep 2026. Both the Precision Drilling 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 Precision Drilling 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 Precision Drilling 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 Precision Drilling price. Paasa issues a capital-gains statement for your return.
Does Precision Drilling pay a dividend?
No. Precision Drilling 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 Precision Drilling 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 Precision Drilling 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 Precision Drilling holding, its cost and its closing value.
How do I sell Precision Drilling 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 Precision Drilling?
Yes. Precision Drilling 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.