Is Paradeep Phosphates Ltd. (PARADEEP) Halal?

Paradeep Phosphates Ltd. (PARADEEP) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 38.51% exceeds limit 33.33%.

What is the dividend purification rate for PARADEEP?

The non-permissible dividend purification factor for Paradeep Phosphates Ltd. is 0.28%.

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PARADEEP

NSEChemicalsCap: ₹13407.30 Cr

Paradeep Phosphates Ltd.

-20.93%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Debt Ratio: 38.51% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹13407.30 Cr

P/E Ratio

15.8x

P/B Ratio

2.0x

52W High

₹180.8

52W Low

₹99.7

Div. Yield

116.00%

Shares O/S

103.85 Cr

Where Does the Money Come From?

Revenue breakdown for Paradeep Phosphates Ltd.

Core Chemicals OperationsPermissible Operating Activity

Permissible: Core operations in Chemicals.

99.7%of Total Revenue

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

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

0.3%of Total Revenue

About Paradeep Phosphates Ltd.

Permissible: Core operations in Chemicals.

Interest-Bearing Debt Ratio

38.51%Max: ≤ 33.0%

Cash & Securities Liquidity

2.13%Max: ≤ 33.0%

Impure Revenue Ratio

0.28%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Chemicals

Can't invest in PARADEEP? Consider these instead

MSCI Verified

FLUOROCHEM

Gujarat Fluorochemicals Ltd.

HalalPurification: 0.51%

LINDEINDIA

Linde India Ltd.

HalalPurification: 0.22%

ANURAS

Anupam Rasayan India Ltd.

HalalPurification: 0.55%

Purification & Zakat Calculator

Calculate how much to donate for PARADEEP

⚠️ Note: PARADEEP 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.