Philip Morris International Inc.
Philip Morris International Inc. (NYSE: PM) is trading at $190.48, about ₹18,290 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.53% today. Indian residents can buy Philip Morris International from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$187.31
Today's high
$190.99
52 week low
$142.11
52 week high
$207.76
PM opened at $190.78, closed previously at $191.50, and has traded between $142.11 and $207.76 over the past 52 weeks.
About
Philip Morris International Inc. functions as a prominent tobacco enterprise, actively working toward a smoke-free future. The company is strategically diversifying its long-term product range to incorporate items beyond traditional tobacco and nicotine. Its primary business involves both conventional cigarettes and an expanding array of smoke-free alternatives, such as innovative heat-not-burn devices, vapor products, and oral nicotine solutions. These offerings are distributed in markets worldwide, with the exception of the United States. The smoke-free portfolio includes brands like HEETS (encompassing Creations, Dimensions, Marlboro variants), Parliament HeatSticks, and TEREA, in addition to KT&G-licensed brands Fiit and Miix. For conventional cigarettes, the company sells internationally recognized brands such as Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris. Regionally, it also owns major cigarette brands like Dji Sam Soe, Sampoerna A, and Sampoerna U in Indonesia, and Fortune and Jackpot in the Philippines. PMI's smoke-free innovations are currently available across 71 global markets. Established in 1987, Philip Morris International Inc. is headquartered in New York, New York.
Key statistics
Avg. volume
4.83M
Market cap
$296.88B
P/E Ratio
27.37
Price-to-sales ratio
6.98
Enterprise value
$340.00B
Free cash flow yield
4.29%
Debt-to-equity ratio
-5.72
Return on equity
-112.19%
ROIC
26.30%
Beta
0.40
Dividend yield
3.09%
Last dividend
$5.88
Financial overview
Revenue
$40.65B
Earnings per share
$7.27
Free cash flow
$10.66B
Net profit margin
25.56%
Gross margin
67.51%
EBITDA
$17.46B
Revenue growth
7.31%
Similar securities
This is not an investment recommendation
How to buy Philip Morris International from India
Indian residents can buy Philip Morris International 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 Philip Morris International and place an order
Find Philip Morris International by name or by its ticker, PM, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Philip Morris International trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Philip Morris International 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 Philip Morris International from India
Trading and taxes when buying Philip Morris International 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. Philip Morris International’s current yield is 3.09%.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 Philip Morris International stock?
Yes. Philip Morris International (PM) has been listed on the New York Stock Exchange since 2008, in the Tobacco 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 Philip Morris International share cost in rupees?
One Philip Morris International share is $190.48 — about ₹18,290 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the Philip Morris International 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 Philip Morris International 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 Philip Morris International with less than the price of one share?
Yes. A whole Philip Morris International share is $190.48, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Philip Morris International 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 Philip Morris International price. Paasa issues a capital-gains statement for your return.
Does Philip Morris International pay a dividend, and how is it taxed in India?
Yes. Philip Morris International pays a dividend and the current yield is 3.09%; the last declared dividend was $5.88 per share, about ₹564.60. 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 Philip Morris International from India?
The New York 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 the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Philip Morris International 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 Philip Morris International 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 Philip Morris International holding, its cost and its closing value.
How do I sell Philip Morris International 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.