TXNM Energy, Inc.
TXNM Energy, Inc. (NYSE: TXNM) is trading at $58.52, about ₹5,619 at today's USD/INR rate, as of 25 Sep 2026, 4:00 PM ET, up 0.60% today. Indian residents can buy TXNM Energy from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$58.09
Today's high
$58.59
52 week low
$55.64
52 week high
$59.53
TXNM opened at $58.31, closed previously at $58.17, and has traded between $55.64 and $59.53 over the past 52 weeks.
About
TXNM Energy, Inc., through its various subsidiaries, supplies electricity and related services across the United States. Its operations are organized into two main divisions: Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). The PNM segment is responsible for producing, transmitting, and distributing electrical energy. This division either owns or leases essential assets, including communication systems, office and other equipment, office spaces, vehicles, and real estate. PNM generates electricity from a diverse portfolio of sources such as coal, natural gas, oil, nuclear fuel and waste, alongside renewables like solar, wind, geothermal, and battery storage. In contrast, the TNMP segment focuses on providing regulated transmission and distribution infrastructure. It also maintains a fleet of vehicles, service facilities, and office locations, which are either owned or leased throughout its service area. The company delivers power to residential, commercial, and industrial consumers, as well as other electricity end-users in New Mexico and Texas. Originally established in 1882 and headquartered in Albuquerque, New Mexico, the company adopted its current name, TXNM Energy, Inc., in August 2024, having previously operated as PNM Resources, Inc.
Key statistics
Avg. volume
1.47M
Market cap
$6.48B
P/E Ratio
32.45
Price-to-sales ratio
2.90
Enterprise value
$7.22B
Free cash flow yield
-7.75%
Debt-to-equity ratio
0.21
Return on equity
5.67%
ROIC
3.77%
Beta
0.17
Dividend yield
2.86%
Last dividend
$1.68
Financial overview
Revenue
$2.17B
Earnings per share
$1.49
Free cash flow
-$611.43M
Net profit margin
8.79%
Gross margin
39.56%
EBITDA
$940.66M
Revenue growth
9.86%
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This is not an investment recommendation
How to buy TXNM Energy from India
Indian residents can buy TXNM Energy 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 TXNM Energy and place an order
Find TXNM Energy by name or by its ticker, TXNM, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. TXNM Energy trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your TXNM Energy position in USD 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 TXNM Energy from India
Trading and taxes when buying TXNM Energy 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. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. TXNM Energy’s current yield is 2.86%.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 TXNM Energy stock?
Yes. TXNM Energy (TXNM) has been listed on the New York Stock Exchange since 1973, in the Regulated Electric 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 TXNM Energy share cost in rupees?
One TXNM Energy share is $58.52 — about ₹5,619 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the TXNM Energy 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 TXNM Energy 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 TXNM Energy?
Yes. One TXNM Energy share is $58.52, 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 TXNM Energy.
How are gains on TXNM Energy 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 TXNM Energy price. Paasa issues a capital-gains statement for your return.
Does TXNM Energy pay a dividend, and how is it taxed in India?
Yes. TXNM Energy pays a dividend and the current yield is 2.86%; the last declared dividend was $1.68 per share, about ₹160.83. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade TXNM Energy from India?
The New York 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 the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on TXNM Energy 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 TXNM Energy 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 TXNM Energy holding, its cost and its closing value.
How do I sell TXNM Energy 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.