Tree Island Steel Ltd.
Tree Island Steel Ltd. (TSX: TSL) is trading at CA$2.46, about ₹166 at today's CAD/INR rate, as of 29 Sep 2026, 12:37 PM ET, down 1.60% today. Indian residents can buy Tree Island Steel from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$2.29
Today's high
CA$2.48
52 week low
CA$0.01
52 week high
CA$3.11
TSL opened at CA$2.48, closed previously at CA$2.50, and has traded between CA$0.01 and CA$3.11 over the past 52 weeks.
About
Tree Island Steel Ltd., founded in 1964 and headquartered in Richmond, Canada, is a leading manufacturer and supplier of steel wire and various fabricated steel wire products. The company serves a broad spectrum of applications, including industrial, construction, agricultural, and other specialized uses, with its sales operations spanning Canada, the United States, and international markets. Its extensive product line is segmented into several categories: Industrial products feature items like pulp and unitizing wires, recycling wire, chain link and upholstery wires, low carbon and shaped wires, as well as straight and cut bars and specialized wirelines for the oil sector. For residential applications, offerings include bulk and collated nails, pre-packaged nails and fasteners, bulk and packaged screws, innovative nail head identification systems, woven and welded wires, and various corners and accessories. Commercial goods comprise reinforcing mesh, pipe mesh, flexicage, rebar tie wire, engineered structural mesh, concrete reinforcing wires, and mine mesh products. Agricultural supplies encompass a range of agricultural wires, rolled fencing, fence panels, and fence staples and stays. Tree Island Steel Ltd. sells its diverse products under a suite of established brand names, including Tree Island, Halsteel, True Spec, K-Lath, Stucco-Rite, TI Wire, Tough Strand, and ToughPanel. The company transitioned from its previous identity as Tree Island Wire Income Fund, officially becoming Tree Island Steel Ltd. in October 2012.
Key statistics
Avg. volume
6.64K
Market cap
CA$63.65M
P/E Ratio
-9.27
Price-to-sales ratio
0.40
Enterprise value
CA$100.74M
Free cash flow yield
-3.66%
Debt-to-equity ratio
0.29
Return on equity
-4.92%
ROIC
-1.60%
Beta
0.47
Dividend yield
1.22%
Last dividend
CA$0.06
Financial overview
Revenue
CA$170.83M
Earnings per share
-CA$0.21
Free cash flow
-CA$2.81M
Net profit margin
-4.34%
Gross margin
4.85%
EBITDA
CA$1.35M
Revenue growth
-17.47%
Similar securities
This is not an investment recommendation
How to buy Tree Island Steel from India
Indian residents can buy Tree Island Steel 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 Tree Island Steel and place an order
Find Tree Island Steel by name or by its ticker, TSL, and choose an order type. Tree Island Steel trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Tree Island Steel 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 Tree Island Steel from India
Trading and taxes when buying Tree Island Steel 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. Tree Island Steel’s current yield is 1.22%.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 Tree Island Steel stock?
Yes. Tree Island Steel (TSL) has been listed on the Toronto Stock Exchange since 2003, 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 and then to CAD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Tree Island Steel share cost in rupees?
One Tree Island Steel share is CA$2.46 — about ₹166 at a CAD/INR rate of 67.65 on 29 Sep 2026. Both the Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel price. Paasa issues a capital-gains statement for your return.
Does Tree Island Steel pay a dividend, and how is it taxed in India?
Yes. Tree Island Steel pays a dividend and the current yield is 1.22%; the last declared dividend was CA$0.06 per share, about ₹4.06. 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 Tree Island Steel 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 Tree Island Steel 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 Tree Island Steel holding, its cost and its closing value.
How do I sell Tree Island Steel 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 Tree Island Steel?
Yes. Tree Island Steel 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.