Is NBCC (India) Ltd. (NBCC) Halal?

NBCC (India) Ltd. (NBCC) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Liquidity: Cash 38.37% exceeds limit 33.33%.

What is the dividend purification rate for NBCC?

The non-permissible dividend purification factor for NBCC (India) Ltd. is 3.1%.

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NBCC

NSEConstructionCap: ₹18808.20 Cr

NBCC (India) Ltd.

-42.48%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Liquidity: Cash 38.37% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹18808.20 Cr

P/E Ratio

25.4x

P/B Ratio

6.3x

52W High

₹125.85

52W Low

₹67.02

Div. Yield

135.00%

Shares O/S

270.00 Cr

Where Does the Money Come From?

Revenue breakdown for NBCC (India) Ltd.

Core Construction OperationsPermissible Operating Activity

Permissible: Core operations in Construction.

96.9%of Total Revenue

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

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

3.1%of Total Revenue

About NBCC (India) Ltd.

Permissible: Core operations in Construction.

Interest-Bearing Debt Ratio

0%Max: ≤ 33.0%

Cash & Securities Liquidity

38.37%Max: ≤ 33.0%

Impure Revenue Ratio

3.1%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Construction

Can't invest in NBCC? Consider these instead

MSCI Verified

IRCON

IRCON International Ltd.

HalalPurification: 3.25%

ENGINERSIN

Engineers India Ltd.

HalalPurification: 2.57%

KEC

Kec International Ltd.

HalalPurification: 0.18%

Purification & Zakat Calculator

Calculate how much to donate for NBCC

⚠️ Note: NBCC 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.