Toromont Industries Ltd.
Toromont Industries Ltd. (TSX: TIH) is trading at CA$226.67, about ₹15,335 at today's CAD/INR rate, as of 28 Sep 2026, 4:00 PM ET, up 0.42% today. Indian residents can buy Toromont Industries from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$224.21
Today's high
CA$229.04
52 week low
CA$152.68
52 week high
CA$243.50
TIH opened at CA$225.97, closed previously at CA$225.73, and has traded between CA$152.68 and CA$243.50 over the past 52 weeks.
About
Established in 1961 and based in Concord, Canada, Toromont Industries Ltd. is a prominent supplier of specialized capital equipment across Canada, the United States, and various international markets. The company operates through two distinct divisions: the Equipment Group and CIMCO. The Equipment Group is involved in the sale, rental, and servicing of mobile machinery, including Caterpillar products and other manufacturers' offerings. It also deals in the sale, rental, and maintenance of engines utilized in a wide array of applications, such as industrial, commercial, marine, on-highway trucks, and power generation. This segment further provides related products, parts, and services, catering to diverse industries including building, mining, aggregate production, public works, residential construction, agriculture, forestry, and waste management. The CIMCO segment focuses on refrigeration solutions, offering design, engineering, fabrication, installation, and post-installation support for industrial and recreational clients. Its primary markets encompass beverage and food processing, cold storage, food distribution, mining operations, and recreational ice rink facilities.
Key statistics
Avg. volume
303.69K
Market cap
CA$18.49B
P/E Ratio
35.81
Price-to-sales ratio
3.32
Enterprise value
CA$18.15B
Free cash flow yield
2.60%
Debt-to-equity ratio
0.25
Return on equity
15.53%
ROIC
12.42%
Beta
0.95
Dividend yield
0.97%
Last dividend
CA$2.20
Financial overview
Revenue
CA$5.20B
Earnings per share
CA$6.11
Free cash flow
CA$513.96M
Net profit margin
9.26%
Gross margin
26.63%
EBITDA
CA$1.03B
Revenue growth
3.62%
Similar securities
This is not an investment recommendation
How to buy Toromont Industries from India
Indian residents can buy Toromont Industries 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 Toromont Industries and place an order
Find Toromont Industries by name or by its ticker, TIH, and choose an order type. Toromont Industries trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Toromont Industries 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 Toromont Industries from India
Trading and taxes when buying Toromont Industries 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. Toromont Industries’ current yield is 0.97%.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 Toromont Industries stock?
Yes. Toromont Industries (TIH) has been listed on the Toronto Stock Exchange since 1996, in the Industrial - Distribution 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 Toromont Industries share cost in rupees?
One Toromont Industries share is CA$226.67 — about ₹15,335 at a CAD/INR rate of 67.65 on 28 Sep 2026. Both the Toromont Industries 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 Toromont Industries 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 Toromont Industries 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 Toromont Industries price. Paasa issues a capital-gains statement for your return.
Does Toromont Industries pay a dividend, and how is it taxed in India?
Yes. Toromont Industries pays a dividend and the current yield is 0.97%; the last declared dividend was CA$2.20 per share, about ₹148.84. 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 Toromont Industries 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 Toromont Industries 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 Toromont Industries holding, its cost and its closing value.
How do I sell Toromont Industries 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 Toromont Industries?
Yes. Toromont Industries 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.