Iridium Communications Inc.
Iridium Communications Inc. (NASDAQ: IRDM) is trading at $47.45, about ₹4,597 at today's USD/INR rate, as of 9 Oct 2026, 3:21 PM ET, down 0.23% today. Indian residents can buy Iridium Communications from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$47.04
Today's high
$47.71
52 week low
$15.65
52 week high
$57.18
IRDM opened at $47.71, closed previously at $47.56, and has traded between $15.65 and $57.18 over the past 52 weeks.
About
Iridium Communications Inc. provides critical mobile voice and data communication services and products across the globe. The company serves a broad spectrum of clients, including businesses, both the United States and international governments, non-governmental organizations, and individual consumers worldwide. Their core offerings include postpaid and prepaid mobile satellite voice and data connectivity, push-to-talk services, broadband data solutions, and advanced Internet of Things (IoT) capabilities. Additionally, Iridium supports hosted payload services and various specialized data applications, such as satellite time and location tracking, inbound connections from public telephone networks, short message services, subscriber identity module (SIM) management, and other related operational and peripheral services. The company delivers comprehensive voice and data solutions designed for specific operational needs. These encompass tracking devices for personnel and assets (such as equipment, vehicles, and aircraft), essential beyond-line-of-sight communication for aviation, maritime communication systems, and customized secure communication solutions for high-value individuals. Iridium also supplies mobile communication and data devices tailored for military and intelligence agencies, featuring secure satellite handsets along with netted voice, messaging, and paging services. Furthermore, it provides maintenance services for the United States government's dedicated ground gateway. Iridium's product portfolio includes a variety of hardware such as satellite handsets, personal connectivity devices, voice and data modems, broadband data terminals, and IoT data devices. These are supported by an array of accessories, including batteries, holsters, headphones, portable auxiliary antennas, adaptors, USB cables, and charging units, complemented by robust engineering and support services. Commercial end-users access Iridium's products and services via a comprehensive wholesale distribution network comprising service providers, value-added resellers, and manufacturers. Established in 2000 and headquartered in McLean, Virginia, the company was formerly known as Iridium Holdings LLC before changing its name in September 2009.
Key statistics
Avg. volume
1.91M
Market cap
$5.03B
P/E Ratio
53.92
Price-to-sales ratio
5.69
Enterprise value
$3.53B
Free cash flow yield
16.08%
Debt-to-equity ratio
3.73
Return on equity
24.72%
ROIC
7.83%
Beta
0.85
Dividend yield
1.26%
Last dividend
$0.60
Financial overview
Revenue
$871.66M
Earnings per share
$1.07
Free cash flow
$299.79M
Net profit margin
10.55%
Gross margin
70.39%
EBITDA
$440.45M
Revenue growth
4.93%
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This is not an investment recommendation
How to buy Iridium Communications from India
Indian residents can buy Iridium Communications 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. Read the full guide: how to invest in Iridium Communications from India
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 Iridium Communications and place an order
Find Iridium Communications by name or by its ticker, IRDM, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Iridium Communications trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Iridium Communications position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying Iridium Communications 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. Iridium Communications’ current yield is 1.26%.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
FAQs
Can Indian residents buy Iridium Communications stock?
Yes. Iridium Communications (IRDM) has been listed on NASDAQ since 2008, in the Telecommunications Services 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 Iridium Communications share cost in rupees?
One Iridium Communications share is $47.45 — about ₹4,597 at a USD/INR rate of 96.88 on 8 Oct 2026. Both the Iridium Communications 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 Iridium Communications 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 Iridium Communications?
Yes. One Iridium Communications share is $47.45, 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 Iridium Communications.
How are gains on Iridium Communications 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 Iridium Communications price. Paasa issues a capital-gains statement for your return.
Does Iridium Communications pay a dividend, and how is it taxed in India?
Yes. Iridium Communications pays a dividend and the current yield is 1.26%; the last declared dividend was $0.60 per share, about ₹58.13. 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 Iridium Communications 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 Iridium Communications 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 Iridium Communications 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 Iridium Communications holding, its cost and its closing value.
How do I sell Iridium Communications 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.