Virco Mfg. Corporation
Virco Mfg. Corporation (NASDAQ: VIRC) is trading at $6.50, about ₹624 at today's USD/INR rate, as of 29 Sep 2026, 4:00 PM ET. Indian residents can buy Virco Mfg. from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$6.48
Today's high
$6.54
52 week low
$5.16
52 week high
$7.83
VIRC opened at $6.50, closed previously at $6.50, and has traded between $5.16 and $7.83 over the past 52 weeks.
About
Virco Mfg. Corporation (VIRC) is a leading designer, manufacturer, and distributor of furniture products throughout the United States. Its extensive portfolio includes a wide array of seating solutions, such as traditional four-legged and cantilever chairs, tablet armchairs (often with compact footprints), steel-frame rockers, various stools, and a selection of stackable, folding, ergonomic, upholstered, and hard plastic chairs. Beyond seating, Virco supplies a diverse range of tables for folding, activity, office, computer use, and mobile applications. The company also addresses specific technological needs with specialized computer furniture, featuring items like keyboard and mouse trays, CPU holders, support columns, desks, workstations, and instructor media stations. Its offerings further extend to integrated learning solutions like chair desks and combination units, alongside tablet arm and caster-equipped furnishings, and various returns and credenzas. For administrative environments, Virco manufactures a full complement of office furniture, including desks, bookcases, storage units, wardrobe towers, file credenzas, and mobile pedestals. Specialized products include robust laboratory furniture, featuring steel and wood science tables, bases, and lab stools. Mobile furniture solutions are also available, including cafeteria tables, cabinets, and task chairs designed for educational institutions and corporate offices. Additionally, the firm produces material handling and storage equipment, notably stackable storage trucks. The corporation caters to a broad clientele, encompassing educational facilities, convention centers, sports arenas, hospitality establishments, government agencies, and religious institutions. Its reach is facilitated by dedicated sales and support teams, augmented by an extensive network of authorized dealers. Established in 1950, Virco maintains its corporate headquarters in Torrance, California.
Key statistics
Avg. volume
53.79K
Market cap
$102.24M
P/E Ratio
-42.18
Price-to-sales ratio
0.53
Enterprise value
$136.11M
Free cash flow yield
-6.08%
Debt-to-equity ratio
0.34
Return on equity
2.42%
ROIC
1.82%
Beta
0.20
Dividend yield
1.54%
Last dividend
$0.10
Financial overview
Revenue
$199.65M
Earnings per share
$0.16
Free cash flow
-$6.70M
Net profit margin
-1.31%
Gross margin
37.53%
EBITDA
$9.90M
Revenue growth
-25.01%
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This is not an investment recommendation
How to buy Virco Mfg. from India
Indian residents can buy Virco Mfg. 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 Virco Mfg. and place an order
Find Virco Mfg. by name or by its ticker, VIRC, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Virco Mfg. trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Virco Mfg. 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 Virco Mfg. from India
Trading and taxes when buying Virco Mfg. 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. Virco Mfg.’s current yield is 1.54%.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 Virco Mfg. stock?
Yes. Virco Mfg. (VIRC) has been listed on NASDAQ since 1980, in the Furnishings, Fixtures & Appliances 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 Virco Mfg. share cost in rupees?
One Virco Mfg. share is $6.50 — about ₹624 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Virco Mfg. 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 Virco Mfg. 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 Virco Mfg.?
Yes. One Virco Mfg. share is $6.50, 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 Virco Mfg..
How are gains on Virco Mfg. 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 Virco Mfg. price. Paasa issues a capital-gains statement for your return.
Does Virco Mfg. pay a dividend, and how is it taxed in India?
Yes. Virco Mfg. pays a dividend and the current yield is 1.54%; the last declared dividend was $0.10 per share, about ₹9.61. 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 Virco Mfg. 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 Virco Mfg. 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 Virco Mfg. 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 Virco Mfg. holding, its cost and its closing value.
How do I sell Virco Mfg. 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.