Polaris Renewable Energy Inc.
Polaris Renewable Energy Inc. (TSX: PIF) is trading at CA$13.62, about ₹929 at today's CAD/INR rate, as of 8 Oct 2026, 4:00 PM ET, down 0.22% today. Indian residents can buy Polaris Renewable Energy from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
CA$13.51
Today's high
CA$13.74
52 week low
CA$11.55
52 week high
CA$16.08
PIF opened at CA$13.63, closed previously at CA$13.65, and has traded between CA$11.55 and CA$16.08 over the past 52 weeks.
About
Polaris Renewable Energy Inc., a company established in 1984 and headquartered in Toronto, Canada, focuses on the acquisition, development, and operation of sustainable power generation projects across Latin America. Its operational portfolio includes a 72 MW (net) geothermal power facility located in Nicaragua. Additionally, the company manages three separate run-of-river hydroelectric plants in Peru, boasting individual net capacities of approximately 5 MW, 8 MW, and 20 MW. Polaris also oversees a 32.6 MWdc solar energy project situated in the Dominican Republic. The firm adopted its current name, Polaris Renewable Energy Inc., in July 2022, having previously operated as Polaris Infrastructure Inc.
Key statistics
Avg. volume
33.91K
Market cap
CA$284.68M
P/E Ratio
48.94
Price-to-sales ratio
2.58
Enterprise value
$312.36M
Free cash flow yield
18.57%
Debt-to-equity ratio
0.93
Return on equity
-1.15%
ROIC
4.10%
Beta
0.47
Dividend yield
6.10%
Last dividend
CA$0.83
Financial overview
Revenue
$81.89M
Earnings per share
-$0.13
Free cash flow
$33.61M
Net profit margin
5.34%
Gross margin
38.84%
EBITDA
$60.56M
Revenue growth
8.07%
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This is not an investment recommendation
How to buy Polaris Renewable Energy from India
Indian residents can buy Polaris Renewable Energy 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 Polaris Renewable Energy 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 and then to CAD.
Search for Polaris Renewable Energy and place an order
Find Polaris Renewable Energy by name or by its ticker, PIF, and choose an order type. Polaris Renewable Energy trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Polaris Renewable Energy position in CAD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying Polaris Renewable Energy 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. Polaris Renewable Energy’s current yield is 6.10%.Dividend tax explained
FAQs
Can Indian residents buy Polaris Renewable Energy stock?
Yes. Polaris Renewable Energy (PIF) has been listed on the Toronto Stock Exchange since 2007, in the Renewable Utilities 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 Polaris Renewable Energy share cost in rupees?
One Polaris Renewable Energy share is CA$13.62 — about ₹929 at a CAD/INR rate of 68.23 on 8 Oct 2026. Both the Polaris Renewable Energy 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 Polaris Renewable Energy 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 Polaris Renewable Energy 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 Polaris Renewable Energy price. Paasa issues a capital-gains statement for your return.
Does Polaris Renewable Energy pay a dividend, and how is it taxed in India?
Yes. Polaris Renewable Energy pays a dividend and the current yield is 6.10%; the last declared dividend was CA$0.83 per share, about ₹56.66. 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 Polaris Renewable Energy 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 Polaris Renewable Energy 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 Polaris Renewable Energy holding, its cost and its closing value.
How do I sell Polaris Renewable Energy 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 Polaris Renewable Energy?
Yes. Polaris Renewable Energy 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.