Smith-Midland Corporation
Smith-Midland Corporation (NASDAQ: SMID) is trading at $24.11, about ₹2,313 at today's USD/INR rate, as of 28 Sep 2026, 4:00 PM ET, down 0.70% today. Indian residents can buy Smith-Midland from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$23.67
Today's high
$24.17
52 week low
$23.51
52 week high
$42.15
SMID opened at $23.92, closed previously at $24.28, and has traded between $23.51 and $42.15 over the past 52 weeks.
About
Smith-Midland Corporation, operating through its subsidiaries, specializes in the comprehensive provision of precast concrete solutions. This involves the invention, development, manufacturing, marketing, leasing, licensing, selling, and installation of these products, primarily serving the construction, highway, utilities, and agricultural industries. Among its key offerings is SlenderWall, a patented, lightweight, and energy-efficient concrete-and-steel exterior wall panel designed for building construction. The company also manufactures Sierra Wall, which serves as a sound and sight barrier along highways, as well as for residential, industrial, and commercial areas. J-J Hooks are another product, acting as highway safety barriers crucial for separating traffic lanes in construction zones or for general traffic control on roadways. Additionally, SMC provides Easi-Set precast buildings and Easi-Span expandable precast buildings, ideal for housing communication equipment, traffic control systems, and mechanical or electrical stations. Easi-Set utility vaults are available for containing equipment like cable, telephone, or traffic signals, and for underground storage; custom versions can also be provided to meet specific requirements. Other specialized products include SoftSound panels for highway noise absorption, Beach Prisms erosion control modules used in seawalls and jetties, and H2Out secondary drainage systems for exterior cladding. SMC further extends its reach by licensing its proprietary technologies across several international markets, including Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. Its products are distributed through both an in-house sales team and independent representatives. The clientele primarily consists of contractors engaged in public and private construction projects—encompassing commercial buildings, roads, airports, and municipal utilities—as well as federal, state, and local transportation authorities. Established in 1960, Smith-Midland Corporation maintains its headquarters in Midland, Virginia.
Key statistics
Avg. volume
14.77K
Market cap
$127.94M
P/E Ratio
16.63
Price-to-sales ratio
1.43
Enterprise value
$121.49M
Free cash flow yield
3.26%
Debt-to-equity ratio
0.07
Return on equity
14.11%
ROIC
10.19%
Beta
1.74
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$93.45M
Earnings per share
$2.36
Free cash flow
$4.96M
Net profit margin
8.63%
Gross margin
23.46%
EBITDA
$20.14M
Revenue growth
19.03%
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This is not an investment recommendation
How to buy Smith-Midland from India
Indian residents can buy Smith-Midland 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 Smith-Midland and place an order
Find Smith-Midland by name or by its ticker, SMID, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Smith-Midland trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Smith-Midland position in USD and INR. Smith-Midland 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 Smith-Midland from India
Trading and taxes when buying Smith-Midland 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
- NoneSmith-Midland 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 Smith-Midland stock?
Yes. Smith-Midland (SMID) has been listed on NASDAQ since 1995, in the Construction Materials 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 Smith-Midland share cost in rupees?
One Smith-Midland share is $24.11 — about ₹2,313 at a USD/INR rate of 95.93 on 27 Sep 2026. Both the Smith-Midland 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 Smith-Midland 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 Smith-Midland?
Yes. One Smith-Midland share is $24.11, 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 Smith-Midland.
How are gains on Smith-Midland 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 Smith-Midland price. Paasa issues a capital-gains statement for your return.
Does Smith-Midland pay a dividend?
No. Smith-Midland 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 Smith-Midland 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 Smith-Midland 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 Smith-Midland 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 Smith-Midland holding, its cost and its closing value.
How do I sell Smith-Midland 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.