QAF Limited
QAF Limited (SES: Q01) is trading at S$0.96, about ₹72 at today's SGD/INR rate, as of 28 Sep 2026, 10:25 PM ET, up 1.05% today. Indian residents can buy QAF from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
S$0.96
Today's high
S$0.96
52 week low
S$0.88
52 week high
S$1.08
Q01 opened at S$0.96, closed previously at S$0.95, and has traded between S$0.88 and S$1.08 over the past 52 weeks.
About
QAF Limited functions as an investment holding company, with its primary focus on the production and distribution of bread, various bakery goods, and confectionery items across Singapore, Australia, the Philippines, Malaysia, and other international territories. The company organizes its operations into three main divisions: Bakery, Distribution and Warehousing, and Investments and Others. Beyond its core manufacturing and supply activities, QAF is also significantly involved in the trade and distribution of a diverse range of food and beverage products, as well as providing specialized warehousing and logistics solutions for food items. Its extensive operations further include acting as a procurement agent for bakery and confectionery products, manufacturing kaya and related spreads, and the breeding, processing, and wholesale of pork. Additionally, QAF manages cold storage facilities, engages in the trading of various food products, and markets popular bread spreads under brands such as Delicia, Cowhead, and Auntie Rosie's. Established in Singapore in 1950, the company was formerly known as Ben and Company Limited, changing its name to QAF Limited in 1984.
Key statistics
Avg. volume
63.67K
Market cap
S$552.26M
P/E Ratio
14.59
Price-to-sales ratio
0.87
Enterprise value
S$374.11M
Free cash flow yield
5.29%
Debt-to-equity ratio
0.05
Return on equity
7.58%
ROIC
6.65%
Beta
0.15
Dividend yield
5.21%
Last dividend
S$0.05
Financial overview
Revenue
S$633.60M
Earnings per share
S$0.07
Free cash flow
S$41.57M
Net profit margin
5.96%
Gross margin
41.90%
EBITDA
S$62.48M
Revenue growth
-0.39%
Similar securities
This is not an investment recommendation
How to buy QAF from India
Indian residents can buy QAF 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 QAF and place an order
Find QAF by name or by its ticker, Q01, and choose an order type. QAF trades 6:30 am – 2:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your QAF 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 QAF from India
Trading and taxes when buying QAF 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. QAF’s current yield is 5.21%.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 QAF stock?
Yes. QAF (Q01) has been listed on the Singapore Exchange since 2000, in the Packaged Foods 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 QAF share cost in rupees?
One QAF share is S$0.96 — about ₹72 at an SGD/INR rate of 75.05 on 28 Sep 2026. Both the QAF 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 QAF 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 QAF 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 QAF price. Paasa issues a capital-gains statement for your return.
Does QAF pay a dividend, and how is it taxed in India?
Yes. QAF pays a dividend and the current yield is 5.21%; the last declared dividend was S$0.05 per share, about ₹3.75. 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 QAF 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 QAF shares held from India?
Singapore imposes no estate or inheritance tax on listed securities.
Are there transaction taxes when buying QAF?
Singapore levies no stamp duty or transaction tax on listed equities.
Do I have to declare QAF 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 QAF holding, its cost and its closing value.
How do I sell QAF 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.