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OLAELEC
NSEAutomobile and Auto ComponentsCap: ₹14661.18 CrOla Electric Mobility Ltd.
-11.57%YTD
Non-Compliant (Not Permissible)
Evaluated using MSCI criteria
Reasons for Non-Compliance:
- Debt Ratio: 35.48% exceeds limit 33.33%.
- Impure Revenue: Non-permissible income 8.05% exceeds limit 5.0%.
Market Fundamentals
Market Cap
₹14661.18 CrP/E Ratio
N/AP/B Ratio
4.4x52W High
₹51.8552W Low
₹22.25Div. Yield
0.00%Shares O/S
441.87 CrWhere Does the Money Come From?
Revenue breakdown for Ola Electric Mobility Ltd.
Core Automobile and Auto Components OperationsPermissible Operating Activity
Permissible: Core operations in Automobile and Auto Components.
91.9%of Total Revenue
Treasury Interest & Secondary Non-Operating IncomeImpure Interest Income (Riba)
Non-operating interest income earned from cash and fixed deposits. Requires purification.
8.1%of Total Revenue
About Ola Electric Mobility Ltd.
Permissible: Core operations in Automobile and Auto Components.
Interest-Bearing Debt Ratio
35.48%Max: ≤ 33.0%
Cash & Securities Liquidity
10.81%Max: ≤ 33.0%
Impure Revenue Ratio
8.05%Max: ≤ 5.0%
Screening Denominator
Total Assets
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Purification & Zakat Calculator
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⚠️ Note: OLAELEC 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.