Stingray Group Inc.
Stingray Group Inc. (TSX: RAY) is trading at CA$15.14, about ₹1,030 at today's CAD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.79% today. Indian residents can buy Stingray from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$15.14
Today's high
CA$15.60
52 week low
CA$9.92
52 week high
CA$18.00
RAY opened at CA$15.30, closed previously at CA$15.26, and has traded between CA$9.92 and CA$18.00 over the past 52 weeks.
About
Stingray Group Inc. operates as a music, media, and technology company in Canada, the United States, and internationally. It operates through Broadcasting and Commercial Music and Radio segments. The company offers music, digital, and advertising services to enterprise brands, including audio and video channels, radio stations, subscription video-on-demand content, free and ad-supported TV (FAST) channels, karaoke products and music apps, and in-car and on-board infotainment content. It also provides commercial solutions in music, in-store advertising solutions, digital signage, and AI-driven consumer insights and feedback, as well as delivers digital audio messaging and audio advertising. In addition, the company offers subscription video on demand, such as Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray Karaoke, Stingray Naturescape, ZenLIFE by Stingray, and The Coda Collection. It also offers FAST channels, including Stingray Music, Qello Concerts by Stingray, Stingray Classica, Stingray DJAZZ, Stingray CMusic, Stingray Karaoke, Stingray Naturescape, Stingray Holidayscapes, ZenLIFE by Stingray, Ultimate Trivia by Stingray, Stingray Cozy Café, Stingray Stargaze, Stingray Cityscapes, Movie Music by Stingray, Loupe Art, and EarthDay 365. The company distributes its products and services through various platforms, including digital cable TV, satellite TV, IPTV, OTT, the internet, mobile devices, game consoles, and connected cars. It serves cable and telecom companies, retailers, and small and medium businesses, as well as direct consumers. The company was formerly known as Stingray Digital Group Inc. and changed its name to Stingray Group Inc. in December 2018. Stingray Group Inc. was founded in 2007 and is headquartered in Montreal, Canada.
Key statistics
Avg. volume
39.01K
Market cap
CA$1.03B
P/E Ratio
-26.42
Price-to-sales ratio
1.93
Enterprise value
CA$1.60B
Free cash flow yield
7.06%
Debt-to-equity ratio
2.90
Return on equity
-15.66%
ROIC
11.62%
Beta
0.91
Dividend yield
2.25%
Last dividend
CA$0.34
Financial overview
Revenue
CA$457.77M
Earnings per share
-CA$0.42
Free cash flow
CA$85.83M
Net profit margin
-7.26%
Gross margin
35.22%
EBITDA
CA$132.38M
Revenue growth
18.32%
Similar securities
This is not an investment recommendation
How to buy Stingray from India
Indian residents can buy Stingray 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 Stingray and place an order
Find Stingray by name or by its ticker, RAY, and choose an order type. Stingray trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Stingray position in CAD 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 Stingray from India
Trading and taxes when buying Stingray 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. Stingray’s current yield is 2.25%.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 Stingray stock?
Yes. Stingray (RAY) has been listed on the Toronto Stock Exchange since 2015, in the Broadcasting 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 Stingray share cost in rupees?
One Stingray share is CA$15.14 — about ₹1,030 at a CAD/INR rate of 68.03 on 25 Sep 2026. Both the Stingray 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 Stingray 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 Stingray 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 Stingray price. Paasa issues a capital-gains statement for your return.
Does Stingray pay a dividend, and how is it taxed in India?
Yes. Stingray pays a dividend and the current yield is 2.25%; the last declared dividend was CA$0.34 per share, about ₹23.13. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Stingray 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 Stingray 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 Stingray holding, its cost and its closing value.
How do I sell Stingray 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 Stingray?
Yes. Stingray 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.