Kennametal Inc.
Kennametal Inc. (NYSE: KMT) is trading at $31.71, about ₹3,072 at today's USD/INR rate, as of 8 Oct 2026, 4:00 PM ET, down 1.74% today. Indian residents can buy Kennametal from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$31.30
Today's high
$32.01
52 week low
$20.38
52 week high
$43.81
KMT opened at $31.50, closed previously at $32.27, and has traded between $20.38 and $43.81 over the past 52 weeks.
About
Kennametal Inc. is a global leader in developing and applying cutting-edge materials, including tungsten carbides, ceramics, and super-hard compounds. Their core mission is to provide robust solutions for demanding industrial applications, specifically in metal cutting and environments prone to extreme wear, high temperatures, and corrosion, serving clients worldwide. The company's operations are structured into two primary segments: Metal Cutting and Infrastructure. Within the Metal Cutting division, Kennametal offers a comprehensive portfolio of standard and bespoke products, encompassing tools for turning, milling, and hole-making, integrated tooling systems, and associated technical services. They also supply specialized wear-resistant components and advanced metallurgical powders. These critical products serve a diverse array of manufacturers across industries such as transportation (vehicles and components), machine tools, light and heavy machinery, aerospace (airframes and components), and the energy sector (oil and gas, power generation). The company further supports these clients with expert product design, selection, application guidance, and ongoing support services, delivering customized metal cutting solutions. Under its Infrastructure segment, Kennametal produces a variety of specialized items. This includes compacts, nozzles, frac seats, and tailored components crucial for the oil and gas and petrochemical industries. They also provide rod blanks and abrasive water jet nozzles for broader industrial applications, alongside durable earth-cutting tools and systems essential for underground mining, trenching, foundation drilling, and road milling. Furthermore, the company manufactures tungsten carbide powders for aerospace, oil and gas, and process industries, as well as ceramics specifically utilized by the packaging industry for film and paper metallization. Kennametal's extensive product lines are marketed under well-known brands such as Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD. Distribution occurs through a multi-channel approach, leveraging a direct sales force, a broad network of independent and national distributors, integrated supplier relationships, and online platforms. Founded in Pittsburgh, Pennsylvania, in 1938, the company boasts a long-standing history in the industrial materials sector.
Key statistics
Avg. volume
1.35M
Market cap
$2.42B
P/E Ratio
7.06
Price-to-sales ratio
1.03
Enterprise value
$3.31B
Free cash flow yield
-3.03%
Debt-to-equity ratio
0.49
Return on equity
21.81%
ROIC
14.35%
Beta
1.32
Dividend yield
2.52%
Last dividend
$0.80
Financial overview
Revenue
$2.36B
Earnings per share
$4.49
Free cash flow
-$80.91M
Net profit margin
14.53%
Gross margin
41.06%
EBITDA
$633.04M
Revenue growth
19.82%
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This is not an investment recommendation
How to buy Kennametal from India
Indian residents can buy Kennametal 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 Kennametal 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 Kennametal and place an order
Find Kennametal by name or by its ticker, KMT, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Kennametal trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Kennametal 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 Kennametal 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. Kennametal’s current yield is 2.52%.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 Kennametal stock?
Yes. Kennametal (KMT) has been listed on the New York Stock Exchange since 1943, in the Manufacturing - Tools & Accessories 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 Kennametal share cost in rupees?
One Kennametal share is $31.71 — about ₹3,072 at a USD/INR rate of 96.88 on 8 Oct 2026. Both the Kennametal 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 Kennametal 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 Kennametal?
Yes. One Kennametal share is $31.71, 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 Kennametal.
How are gains on Kennametal 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 Kennametal price. Paasa issues a capital-gains statement for your return.
Does Kennametal pay a dividend, and how is it taxed in India?
Yes. Kennametal pays a dividend and the current yield is 2.52%; the last declared dividend was $0.80 per share, about ₹77.50. 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 Kennametal 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 Kennametal 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 Kennametal 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 Kennametal holding, its cost and its closing value.
How do I sell Kennametal 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.