Is Tega Industries Ltd. (TEGA) Halal?

Tega Industries Ltd. (TEGA) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Liquidity: Cash 53.8% exceeds limit 33.33%.

What is the dividend purification rate for TEGA?

The non-permissible dividend purification factor for Tega Industries Ltd. is 0.72%.

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TEGA

NSECapital GoodsCap: ₹12645.49 Cr

Tega Industries Ltd.

-13.57%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using MSCI criteria

Reasons for Non-Compliance:

Liquidity: Cash 53.8% exceeds limit 33.33%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹12645.49 Cr

P/E Ratio

444.1x

P/B Ratio

3.7x

52W High

₹2,198

52W Low

₹1,473

Div. Yield

12.00%

Shares O/S

7.51 Cr

Where Does the Money Come From?

Revenue breakdown for Tega Industries Ltd.

Core Capital Goods OperationsPermissible Operating Activity

Permissible: Core operations in Capital Goods.

99.3%of Total Revenue

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

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

0.7%of Total Revenue

About Tega Industries Ltd.

Permissible: Core operations in Capital Goods.

Interest-Bearing Debt Ratio

9.23%Max: ≤ 33.0%

Cash & Securities Liquidity

53.8%Max: ≤ 33.0%

Impure Revenue Ratio

0.72%Max: ≤ 5.0%

Screening Denominator

Total Assets

Halal Alternatives in Capital Goods

Can't invest in TEGA? Consider these instead

MSCI Verified

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HalalPurification: 1.21%

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HalalPurification: 0.8%

APLAPOLLO

APL Apollo Tubes Ltd.

HalalPurification: 0.33%

Purification & Zakat Calculator

Calculate how much to donate for TEGA

⚠️ Note: TEGA 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.