Is Castrol India Ltd. (CASTROLIND) Halal?

Castrol India Ltd. (CASTROLIND) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Liquidity: Cash 33.08% exceeds limit 33.0%.

What is the dividend purification rate for CASTROLIND?

The non-permissible dividend purification factor for Castrol India Ltd. is 0.86%.

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CASTROLIND

NSEOil Gas & Consumable FuelsCap: ₹18595.50 Cr

Castrol India Ltd.

+4.76%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Liquidity: Cash 33.08% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹18595.50 Cr

P/E Ratio

18.4x

P/B Ratio

9.8x

52W High

₹203.4

52W Low

₹170.1

Div. Yield

665.00%

Shares O/S

98.91 Cr

Where Does the Money Come From?

Revenue breakdown for Castrol India Ltd.

Core Oil Gas & Consumable Fuels OperationsPermissible Operating Activity

Permissible: Core operations in Oil Gas & Consumable Fuels.

99.1%of Total Revenue

Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)

Non-operating interest income earned from cash and fixed deposits. Requires purification.

0.9%of Total Revenue

About Castrol India Ltd.

Permissible: Core operations in Oil Gas & Consumable Fuels.

Interest-Bearing Debt Ratio

1.85%Max: ≤ 33.0%

Cash & Securities Liquidity

33.08%Max: ≤ 33.0%

Impure Revenue Ratio

0.86%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Oil Gas & Consumable Fuels

Can't invest in CASTROLIND? Consider these instead

BSE_TASIS Verified

IGL

Indraprastha Gas Ltd.

HalalPurification: 1.24%

ONGC

Oil & Natural Gas Corporation Ltd.

HalalPurification: 0.68%

BPCL

Bharat Petroleum Corporation Ltd.

HalalPurification: 0.41%

Purification & Zakat Calculator

Calculate how much to donate for CASTROLIND

⚠️ Note: CASTROLIND is not Halal. The right step is to sell this stock, not just purify the dividends. Keeping a non-compliant investment is not resolved by Sadaqah.