Is Premier Energies Ltd. (PREMIERENE) Halal?

Premier Energies Ltd. (PREMIERENE) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 34.18% exceeds limit 33.0%.

What is the dividend purification rate for PREMIERENE?

The non-permissible dividend purification factor for Premier Energies Ltd. is 0.96%.

Back to Search

PREMIERENE

NSECapital GoodsCap: ₹39556.35 Cr

Premier Energies Ltd.

+3.48%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using BSE_TASIS criteria

Reasons for Non-Compliance:

Debt Ratio: 34.18% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹39556.35 Cr

P/E Ratio

23.5x

P/B Ratio

9.2x

52W High

₹1,134

52W Low

₹660

Div. Yield

9.00%

Shares O/S

45.16 Cr

Where Does the Money Come From?

Revenue breakdown for Premier Energies Ltd.

Core Capital Goods OperationsPermissible Operating Activity

Permissible: Core operations in Capital Goods.

99.0%of Total Revenue

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

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

1.0%of Total Revenue

About Premier Energies Ltd.

Permissible: Core operations in Capital Goods.

Interest-Bearing Debt Ratio

34.18%Max: ≤ 33.0%

Cash & Securities Liquidity

17.25%Max: ≤ 33.0%

Impure Revenue Ratio

0.96%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Capital Goods

Can't invest in PREMIERENE? Consider these instead

BSE_TASIS Verified

TITAGARH

Titagarh Rail Systems Ltd.

HalalPurification: 1.21%

HEG

H.E.G. Ltd.

HalalPurification: 0.8%

APLAPOLLO

APL Apollo Tubes Ltd.

HalalPurification: 0.33%

Purification & Zakat Calculator

Calculate how much to donate for PREMIERENE

⚠️ Note: PREMIERENE 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.