Is Bharat Dynamics Ltd. (BDL) Halal?

Bharat Dynamics Ltd. (BDL) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Impure Revenue: Non-permissible income 12.91% exceeds limit 5.0%.

What is the dividend purification rate for BDL?

The non-permissible dividend purification factor for Bharat Dynamics Ltd. is 12.91%.

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BDL

NSECapital GoodsCap: ₹35703.19 Cr

Bharat Dynamics Ltd.

-34%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Impure Revenue: Non-permissible income 12.91% exceeds limit 5.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹35703.19 Cr

P/E Ratio

68.5x

P/B Ratio

8.4x

52W High

₹1,633.4

52W Low

₹974

Div. Yield

50.00%

Shares O/S

36.66 Cr

Where Does the Money Come From?

Revenue breakdown for Bharat Dynamics Ltd.

Core Capital Goods OperationsPermissible Operating Activity

Permissible: Core operations in Capital Goods.

87.1%of Total Revenue

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

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

12.9%of Total Revenue

About Bharat Dynamics Ltd.

Permissible: Core operations in Capital Goods.

Interest-Bearing Debt Ratio

0%Max: ≤ 33.0%

Cash & Securities Liquidity

11.99%Max: ≤ 33.0%

Impure Revenue Ratio

12.91%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Capital Goods

Can't invest in BDL? Consider these instead

AAOIFI Verified

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HalalPurification: 0%

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Titagarh Rail Systems Ltd.

HalalPurification: 1.21%

HEG

H.E.G. Ltd.

HalalPurification: 0.8%

Purification & Zakat Calculator

Calculate how much to donate for BDL

⚠️ Note: BDL 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.