Steven Madden, Ltd.
Steven Madden, Ltd. (NASDAQ: SHOO) is trading at $44.90, about ₹4,314 at today's USD/INR rate, as of 28 Sep 2026, 4:00 PM ET, down 0.36% today. Indian residents can buy Steven Madden from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$44.16
Today's high
$45.23
52 week low
$31.33
52 week high
$49.70
SHOO opened at $44.52, closed previously at $45.06, and has traded between $31.33 and $49.70 over the past 52 weeks.
About
Steven Madden, Ltd. (SHOO) is a prominent global fashion company dedicated to the design, production, marketing, and sale of contemporary footwear, accessories, and apparel. The firm offers both its own branded products and private label items, catering to women, men, and children across both domestic U.S. and international markets. The company's operations are divided into several key segments: Wholesale Footwear: This division supplies a broad range of shoes under proprietary brands such as Steve Madden, Steven by Steve Madden, Madden Girl, BB Dakota, Dolce Vita, DV Dolce Vita, Betsey Johnson, GREATS, Blondo, Anne Klein, Mad Love, Superga, Madden NYC, and COOL Planet. It also produces private label footwear for other retailers. Wholesale Accessories/Apparel: This segment distributes an extensive array of products, including handbags, clothing, small leather goods, belts, soft accessories, fashion scarves, wraps, and gifting items. These are offered under brand names like Steve Madden, BB Dakota, Anne Klein, Betsey Johnson, Cejon, Madden NYC, and Dolce Vita, in addition to private label handbags and accessories. The distribution network for these goods spans department stores, mass merchants, off-price retailers, online platforms, specialty boutiques, and independent stores. Direct-to-Consumer: This segment encompasses the company's direct sales channels. It operates Steve Madden and Superga full-price retail stores, Steve Madden outlet stores, and Steve Madden shop-in-shops. Furthermore, it manages several digital e-commerce websites, including SteveMadden.com, DolceVita.com, betseyjohnson.com, Blondo.com, GREATS.com, and Superga-USA.com. Licensing: Through this segment, Steven Madden licenses the use of its well-known trademarks, including Steve Madden, Madden Girl, and Betsey Johnson, to other businesses. First Cost: This division acts as a purchasing agent, primarily for private label footwear, serving a diverse clientele ranging from national chains and specialty retailers to value-priced retail outlets. As of December 31, 2021, Steven Madden, Ltd. maintained a significant retail presence with 214 brick-and-mortar stores (comprising 147 Steve Madden full-price stores, 66 Steve Madden outlet stores, and 1 Superga store), alongside its 6 dedicated e-commerce websites. The company was founded in 1990 and its corporate headquarters are located in Long Island City, New York.
Key statistics
Avg. volume
1.07M
Market cap
$3.28B
P/E Ratio
22.23
Price-to-sales ratio
1.20
Enterprise value
$3.56B
Free cash flow yield
6.65%
Debt-to-equity ratio
0.40
Return on equity
16.05%
ROIC
10.97%
Beta
1.16
Dividend yield
1.87%
Last dividend
$0.84
Financial overview
Revenue
$2.52B
Earnings per share
$0.63
Free cash flow
$119.54M
Net profit margin
5.23%
Gross margin
46.06%
EBITDA
$123.46M
Revenue growth
10.45%
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This is not an investment recommendation
How to buy Steven Madden from India
Indian residents can buy Steven Madden 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 Steven Madden and place an order
Find Steven Madden by name or by its ticker, SHOO, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Steven Madden trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Steven Madden 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 Steven Madden from India
Trading and taxes when buying Steven Madden 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. Steven Madden’s current yield is 1.87%.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 Steven Madden stock?
Yes. Steven Madden (SHOO) has been listed on NASDAQ since 1993, in the Apparel - Footwear & Accessories 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 Steven Madden share cost in rupees?
One Steven Madden share is $44.90 — about ₹4,314 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Steven Madden 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 Steven Madden 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 Steven Madden?
Yes. One Steven Madden share is $44.90, 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 Steven Madden.
How are gains on Steven Madden 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 Steven Madden price. Paasa issues a capital-gains statement for your return.
Does Steven Madden pay a dividend, and how is it taxed in India?
Yes. Steven Madden pays a dividend and the current yield is 1.87%; the last declared dividend was $0.84 per share, about ₹80.70. 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 Steven Madden 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 Steven Madden 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 Steven Madden 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 Steven Madden holding, its cost and its closing value.
How do I sell Steven Madden 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.