Is CESC Ltd. (CESC) Halal?

CESC Ltd. (CESC) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 46.63% exceeds limit 33.33%.

What is the dividend purification rate for CESC?

The non-permissible dividend purification factor for CESC Ltd. is 0.83%.

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CESC

NSEPowerCap: ₹16520.58 Cr

CESC Ltd.

-22.65%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 46.63% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹16520.58 Cr

P/E Ratio

10.7x

P/B Ratio

1.3x

52W High

₹204.5

52W Low

₹122.15

Div. Yield

481.00%

Shares O/S

132.56 Cr

Where Does the Money Come From?

Revenue breakdown for CESC Ltd.

Core Power OperationsPermissible Operating Activity

Permissible: Core operations in Power.

99.2%of Total Revenue

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

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

0.8%of Total Revenue

About CESC Ltd.

Permissible: Core operations in Power.

Interest-Bearing Debt Ratio

46.63%Max: ≤ 33.0%

Cash & Securities Liquidity

12.06%Max: ≤ 33.0%

Impure Revenue Ratio

0.83%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Power

Can't invest in CESC? Consider these instead

MSCI Verified

JPPOWER

Jaiprakash Power Ventures Ltd.

HalalPurification: 3.27%

Purification & Zakat Calculator

Calculate how much to donate for CESC

⚠️ Note: CESC 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.