Grupo Simec, S.A.B. de C.V.
Grupo Simec, S.A.B. de C.V. (AMEX: SIM) is trading at $28.95, about ₹2,780 at today's USD/INR rate, as of 24 Sep 2026, 3:50 PM ET, up 5.46% today. Indian residents can buy Grupo Simec, S.A.B. de C.V. from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$28.00
Today's high
$29.90
52 week low
$25.14
52 week high
$34.59
SIM opened at $28.00, closed previously at $27.45, and has traded between $25.14 and $34.59 over the past 52 weeks.
About
Grupo Simec, S.A.B. de C.V. is a Mexican enterprise primarily engaged in the fabrication, refinement, and sale of high-quality bar steel (SBQ) and various steel alloy commodities. Its market reach extends throughout Mexico, the United States, Brazil, Canada, and wider Latin America, supported by a substantial international distribution network. The company's comprehensive product lineup features items such as I-beams, channels, both structural and commercial angles, hot-rolled and cold-finished bars, flat bars, rebars, electro-welded wire mesh and panels, and wire rods. Additionally, they provide semi-finished goods, including tube rounds and other industrial intermediate products. Simec's SBQ steel is essential for a range of specialized engineering applications, such as components like axles, hubs, and crankshafts in automobiles and light trucks, as well as in manufacturing machine tools and heavy-duty off-road machinery. Meanwhile, their structural steel plays a critical role in non-residential building developments and diverse construction projects. The firm actively exports its steel products to nations across Central and South America, and into European markets. Established in 1934, Grupo Simec's corporate headquarters are situated in Guadalajara, Mexico, and it operates as a subsidiary of Industrias CH, S.A.B. de C.V.
Key statistics
Avg. volume
4.17K
Market cap
$4.80B
P/E Ratio
6.42
Price-to-sales ratio
0.44
Enterprise value
MX$53.80B
Free cash flow yield
-1.14%
Debt-to-equity ratio
0.00
Return on equity
3.83%
ROIC
27.95%
Beta
0.27
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
MX$33.66B
Earnings per share
MX$63.21
Free cash flow
-MX$1.17B
Net profit margin
6.67%
Gross margin
23.98%
EBITDA
MX$13.63B
Revenue growth
0.00%
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This is not an investment recommendation
How to buy Grupo Simec, S.A.B. de C.V. from India
Indian residents can buy Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V. and place an order
Find Grupo Simec, S.A.B. de C.V. by name or by its ticker, SIM, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Grupo Simec, S.A.B. de C.V. trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Grupo Simec, S.A.B. de C.V. position in USD and INR. Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V. from India
Trading and taxes when buying Grupo Simec, S.A.B. de C.V. 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
- NoneGrupo Simec, S.A.B. de C.V. does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
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 Grupo Simec, S.A.B. de C.V. stock?
Yes. Grupo Simec, S.A.B. de C.V. (SIM) has been listed on NYSE American since 1993, in the Steel 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 Grupo Simec, S.A.B. de C.V. share cost in rupees?
One Grupo Simec, S.A.B. de C.V. share is $28.95 — about ₹2,780 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V.?
Yes. One Grupo Simec, S.A.B. de C.V. share is $28.95, 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 Grupo Simec, S.A.B. de C.V..
How are gains on Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V. price. Paasa issues a capital-gains statement for your return.
Does Grupo Simec, S.A.B. de C.V. pay a dividend?
No. Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V. from India?
NYSE American 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 Grupo Simec, S.A.B. de C.V. a United States company, and does that change how it is taxed?
Grupo Simec, S.A.B. de C.V. trades on NYSE American in US dollars, but the company is domiciled in Mexico. Grupo Simec, S.A.B. de C.V. trades as an American Depositary Receipt rather than an ordinary share. Some non-US companies list in the US through American Depositary Receipts, which can carry dividend withholding at the company's home-country rate. Your India-side capital-gains treatment is the same either way.
Do I have to declare Grupo Simec, S.A.B. de C.V. 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 Grupo Simec, S.A.B. de C.V. holding, its cost and its closing value.
How do I sell Grupo Simec, S.A.B. de C.V. 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.