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IREDA

NSEFinancial ServicesCap: ₹27951.85 Cr

Indian Renewable Energy Development Agency Ltd.

-27.75%YTD
AAOIFIMSCIDJIMBSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:
  • Sector Prohibition: Non-Permissible: Financial Services operates on interest intermediation (Riba) or prohibited credit risk.
  • Debt Ratio: 83.0% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE
Market Cap
₹27951.85 Cr
P/E Ratio
14.2x
P/B Ratio
1.9x
52W High
₹153.74
52W Low
₹98.78
Div. Yield
151.00%
Shares O/S
280.92 Cr

Where Does the Money Come From?

Revenue breakdown for Indian Renewable Energy Development Agency Ltd.

Core Financial Services OperationsProhibited Core Activity

Non-Permissible: Financial Services operates on interest intermediation (Riba) or prohibited credit risk.

97.9%of Total Revenue
Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)

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

2.1%of Total Revenue
About Indian Renewable Energy Development Agency Ltd.

Non-Permissible: Financial Services operates on interest intermediation (Riba) or prohibited credit risk.

Interest-Bearing Debt Ratio
83%Max: ≤ 33.0%
Cash & Securities Liquidity
0.8%Max: ≤ 33.0%
Impure Revenue Ratio
2.08%Max: ≤ 5.0%
Screening Denominator
Total Assets

Purification & Zakat Calculator

Calculate how much to donate for IREDA

⚠️ Note: IREDA 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.