Velan Inc.
Velan Inc. (TSX: VLN) is trading at CA$18.49, about ₹1,257 at today's CAD/INR rate, as of 25 Sep 2026, 3:59 PM ET. Indian residents can buy Velan from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$18.25
Today's high
CA$18.49
52 week low
CA$13.61
52 week high
CA$19.50
VLN opened at CA$18.25, closed previously at CA$18.49, and has traded between CA$13.61 and CA$19.50 over the past 52 weeks.
About
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves; gate, globe, and check valves; API 600 cast steel gate, globe, and check valves; corrosion-resistant steel gate, globe, and check valves; API 602 small forged gate, globe, and check valves; API 6D/API 6A through conduit and double expanding gate valves; large forged pressure seal and bolted bonnet gate, globe, and check valves; y-pattern valves; Proquip dual-plate check valves; API 6D/API 6A non slam and swing check valves; quarter-turn valves; resilient-seated ball valves; Securaseal metal-seated ball valves; Coker ball valves; API 6D/API 6A pipeline ball valves; modular double block and bleed ball valves; Torqseal triple-offset butterfly valves; and other products. It also provides bimetallic steam traps, trap stations, and manifolds; engineering solutions; cable drive actuators; and other products. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. The company was founded in 1950 and is headquartered in Montreal, Canada. Velan Inc. is a subsidiary of Velan Holding Co. Ltd.
Key statistics
Avg. volume
2.86K
Market cap
CA$399.12M
P/E Ratio
-23.48
Price-to-sales ratio
1.00
Enterprise value
$284.47M
Free cash flow yield
-8.36%
Debt-to-equity ratio
0.22
Return on equity
-7.22%
ROIC
-0.99%
Beta
0.16
Dividend yield
0.54%
Last dividend
CA$0.56
Financial overview
Revenue
$301.28M
Earnings per share
$7.99
Free cash flow
-$169.97M
Net profit margin
-4.51%
Gross margin
27.52%
EBITDA
$20.12M
Revenue growth
2.06%
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This is not an investment recommendation
How to buy Velan from India
Indian residents can buy Velan 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 Velan and place an order
Find Velan by name or by its ticker, VLN, and choose an order type. Velan trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Velan 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 Velan from India
Trading and taxes when buying Velan 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. Velan’s current yield is 0.54%.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 Velan stock?
Yes. Velan (VLN) has been listed on the Toronto Stock Exchange since 1998, in the Industrial - Machinery 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 Velan share cost in rupees?
One Velan share is CA$18.49 — about ₹1,257 at a CAD/INR rate of 68.00 on 26 Sep 2026. Both the Velan 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 Velan 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 Velan 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 Velan price. Paasa issues a capital-gains statement for your return.
Does Velan pay a dividend, and how is it taxed in India?
Yes. Velan pays a dividend and the current yield is 0.54%; the last declared dividend was CA$0.56 per share, about ₹38.08. 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 Velan 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 Velan 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 Velan holding, its cost and its closing value.
How do I sell Velan 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 Velan?
Yes. Velan 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.