FreightCar America, Inc.
FreightCar America, Inc. (NASDAQ: RAIL) is trading at $7.18, about ₹689 at today's USD/INR rate, as of 25 Sep 2026, 11:43 AM ET, down 3.30% today. Indian residents can buy FreightCar America from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$7.16
Today's high
$7.46
52 week low
$6.57
52 week high
$14.90
RAIL opened at $7.43, closed previously at $7.42, and has traded between $6.57 and $14.90 over the past 52 weeks.
About
Operating through its subsidiaries, FreightCar America, Inc. specializes in the design, production, and sale of railcars and their associated components, primarily for the transportation of bulk commodities and containerized freight across North America. The company's operations are organized into two main divisions: Manufacturing and Parts. Its diverse product offerings include a wide array of freight cars such as open-top and covered hoppers, gondolas, triple hoppers, and innovative hybrid aluminum/stainless steel railcars. They also manufacture specialized vehicles like ore hoppers, ballast hoppers, aggregate hoppers, intermodal flats, and non-intermodal flat cars. Further expanding its portfolio, FreightCar America provides coal cars, general bulk commodity cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars. In addition to manufacturing new railcars, the company engages in selling used railcars, offering leasing options, and performing railcar rebuilding and conversion services. It also supplies various forged, cast, and fabricated parts for railcar applications. FreightCar America's manufactured railcars are exported to international markets, including Latin America and the Middle East. Its primary customer base comprises financial institutions, major railroads, and various shipping companies. FreightCar America, Inc. was founded in 1901 and its corporate headquarters are located in Chicago, Illinois.
Key statistics
Avg. volume
241.73K
Market cap
$235.17M
P/E Ratio
-17.94
Price-to-sales ratio
0.51
Enterprise value
$317.11M
Free cash flow yield
7.61%
Debt-to-equity ratio
4.00
Return on equity
21.95%
ROIC
8.83%
Beta
1.46
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$500.99M
Earnings per share
$1.16
Free cash flow
$31.40M
Net profit margin
-2.69%
Gross margin
12.50%
EBITDA
$12.90M
Revenue growth
-10.45%
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This is not an investment recommendation
How to buy FreightCar America from India
Indian residents can buy FreightCar America 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 FreightCar America and place an order
Find FreightCar America by name or by its ticker, RAIL, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. FreightCar America trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your FreightCar America position in USD and INR. FreightCar America 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 FreightCar America from India
Trading and taxes when buying FreightCar America 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
- NoneFreightCar America does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 FreightCar America stock?
Yes. FreightCar America (RAIL) has been listed on NASDAQ since 2005, in the Railroads 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 FreightCar America share cost in rupees?
One FreightCar America share is $7.18 — about ₹689 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the FreightCar America 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 FreightCar America 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 FreightCar America?
Yes. One FreightCar America share is $7.18, 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 FreightCar America.
How are gains on FreightCar America 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 FreightCar America price. Paasa issues a capital-gains statement for your return.
Does FreightCar America pay a dividend?
No. FreightCar America 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 FreightCar America from India?
NASDAQ 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 FreightCar America 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 FreightCar America 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 FreightCar America holding, its cost and its closing value.
How do I sell FreightCar America 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.