Solid State plc
Solid State plc (LSE: SOLI) is trading at £1.63, about ₹206 at today's GBP/INR rate, as of 25 Sep 2026, 11:50 AM ET, down 2.99% today. Indian residents can buy Solid State from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£1.60
Today's high
£1.70
52 week low
£1.35
52 week high
£2.15
SOLI opened at £1.70, closed previously at £1.68, and has traded between £1.35 and £2.15 over the past 52 weeks.
About
Solid State plc, founded in 1963 and headquartered in Redditch, UK, operates as a global supplier of specialized electronic equipment and high-value electronic components and materials. Its operations span the United Kingdom, Europe, Asia, and North America. The company is organized into two primary divisions. The Components division provides integrated products and sub-assembly solutions to original equipment manufacturers (OEMs) and contract electronics manufacturers. These offerings are utilized across a wide array of applications, including 5G and the Internet of Things (IoT), embedded processing, control systems, various wireless and wired communication platforms, electromechanical devices, power management, optical emitters, sensors, displays, and LED lighting. Meanwhile, the Systems division specializes in producing industrial computing systems, custom battery packs, and advanced communication technologies, such as specialized antennas, radios, and video transmission products. This division is also responsible for engineering and manufacturing computing systems for image acquisition, processing, and relay. Additionally, Solid State plc distributes opto-electronic components. The company serves a diverse range of sectors, including security and defense, medical, greentech, energy, transport, and industrial clients. The firm was formerly known as Solid State Supplies plc before adopting its current name in May 2006.
Key statistics
Avg. volume
121.42K
Market cap
£92.19M
P/E Ratio
22.57
Price-to-sales ratio
0.60
Enterprise value
£101.67M
Free cash flow yield
8.51%
Debt-to-equity ratio
0.25
Return on equity
6.51%
ROIC
5.90%
Beta
0.86
Dividend yield
1.69%
Last dividend
£0.03
Financial overview
Revenue
£154.14M
Earnings per share
£0.07
Free cash flow
£7.85M
Net profit margin
2.65%
Gross margin
29.54%
EBITDA
£13.53M
Revenue growth
23.25%
Similar securities
This is not an investment recommendation
How to buy Solid State from India
Indian residents can buy Solid State 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 GBP.
Search for Solid State and place an order
Find Solid State by name or by its ticker, SOLI, and choose an order type. Solid State trades 12:30 pm – 9:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Solid State position in GBP 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 Solid State from India
Trading and taxes when buying Solid State from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- 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 UK levies 0% withholding tax on company dividends paid to non-residents. Solid State’s current yield is 1.69%.Dividend tax explained
- Transaction tax
- The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it.
- Estate or inheritance tax
- May applyShares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Solid State stock?
Yes. Solid State (SOLI) has been listed on the London Stock Exchange since 1996, in the Hardware, Equipment & Parts 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 GBP. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Solid State share cost in rupees?
One Solid State share is £1.63 — about ₹206 at a GBP/INR rate of 127.05 on 25 Sep 2026. Both the Solid State 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 Solid State 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 Solid State shares taxed in India?
Non-residents are exempt from UK capital gains tax on the disposal of listed shares, 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 GBP/INR rate on the purchase and the sale date, so the rupee move counts alongside the Solid State price. Paasa issues a capital-gains statement for your return.
Does Solid State pay a dividend, and how is it taxed in India?
Yes. Solid State pays a dividend and the current yield is 1.69%; the last declared dividend was £0.03 per share, about ₹3.29. Dividends are taxed at your slab rate in India. The UK levies 0% withholding tax on company dividends paid to non-residents. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Solid State from India?
The London Stock Exchange trades 12:30 pm – 9:00 pm IST in Indian time. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Solid State shares held from India?
Shares in UK-incorporated companies are UK-situs assets and fall within UK Inheritance Tax, charged at 40% above the £325,000 threshold for non-residents. It applies to your overall holdings in that jurisdiction rather than to any one position.
Are there transaction taxes when buying Solid State?
The UK charges 0.5% Stamp Duty Reserve Tax when buying direct company shares electronically on the LSE; ETFs and UCITS funds do not attract it. This is charged by the market, not by Paasa.
Do I have to declare Solid State 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 Solid State holding, its cost and its closing value.
How do I sell Solid State and bring the money back to India?
You sell during market hours (12:30 pm – 9:00 pm IST) and the proceeds settle in GBP 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.