Wajax Corporation
Wajax Corporation (TSX: WJX) is trading at CA$34.31, about ₹2,334 at today's CAD/INR rate, as of 25 Sep 2026, 4:00 PM ET, down 0.12% today. Indian residents can buy Wajax from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$34.08
Today's high
CA$35.10
52 week low
CA$22.43
52 week high
CA$35.10
WJX opened at CA$34.35, closed previously at CA$34.35, and has traded between CA$22.43 and CA$35.10 over the past 52 weeks.
About
Wajax Corporation provides comprehensive solutions encompassing equipment sales, parts distribution, and specialized services. The company caters to a diverse range of sectors, including construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas. Its extensive product portfolio features heavy construction machinery such as compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators. Wajax also supplies various access equipment like aerial devices, boom lifts, cranes, digger derricks, drills, material lifts, and scissor lifts, alongside essential power train components including engines and transmissions. For the forestry industry, Wajax offers specialized machinery such as feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers. Additionally, the company distributes a vast array of industrial supplies, including bearings, bulk material handling systems, filtration, fluid handling, hydraulics, industrial electric motors, variable frequency drives, instrumentation, pneumatics, power transmissions, sealing, belting, lubricants, hydraulic hoses, and general safety and mill supplies. Wajax provides a wide selection of material handling equipment, such as combination sweeper scrubbers, container handlers, electric ride scooters, end rider trucks, forklifts, order pickers, pallet stackers and trucks, reach stackers, rider and walk-behind sweepers, side loaders, tow tractors, and utility vehicles. In the mining sector, Wajax supplies heavy-duty machinery like excavators, rigid frame trucks, rope shovels, and various underground equipment including battery-powered and drill jumbos, haul trucks and loaders, roof bolters, scaling machines, and utility trucks, alongside specialized equipment for transport, filtration, and fluid handling. The company further offers power generation solutions and a full suite of industrial storage systems, comprising cages and partitions, guarding and barriers, lockers, cabinets, workstations, rack accessories and protections, racking, shelving, and storage platforms, complemented by design, installation, and inspection services for these systems. Originally known as Wajax Income Fund, the organization adopted its current name, Wajax Corporation, in January 2011. Established in 1858, its corporate headquarters are located in Mississauga, Canada.
Key statistics
Avg. volume
68.05K
Market cap
CA$747.27M
P/E Ratio
11.36
Price-to-sales ratio
0.36
Enterprise value
CA$1.12B
Free cash flow yield
22.54%
Debt-to-equity ratio
0.67
Return on equity
12.07%
ROIC
9.95%
Beta
0.82
Dividend yield
4.08%
Last dividend
CA$1.40
Financial overview
Revenue
CA$2.15B
Earnings per share
CA$2.64
Free cash flow
CA$183.97M
Net profit margin
3.18%
Gross margin
19.79%
EBITDA
CA$182.31M
Revenue growth
2.27%
Similar securities
This is not an investment recommendation
How to buy Wajax from India
Indian residents can buy Wajax 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 Wajax and place an order
Find Wajax by name or by its ticker, WJX, and choose an order type. Wajax trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Wajax 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 Wajax from India
Trading and taxes when buying Wajax 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. Wajax’s current yield is 4.08%.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 Wajax stock?
Yes. Wajax (WJX) 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 Wajax share cost in rupees?
One Wajax share is CA$34.31 — about ₹2,334 at a CAD/INR rate of 68.04 on 27 Sep 2026. Both the Wajax 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 Wajax 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 Wajax 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 Wajax price. Paasa issues a capital-gains statement for your return.
Does Wajax pay a dividend, and how is it taxed in India?
Yes. Wajax pays a dividend and the current yield is 4.08%; the last declared dividend was CA$1.40 per share, about ₹95.25. 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 Wajax 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 Wajax 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 Wajax holding, its cost and its closing value.
How do I sell Wajax 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 Wajax?
Yes. Wajax 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.