Is Godrej Industries Ltd. (GODREJIND) Halal?

Godrej Industries Ltd. (GODREJIND) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 154.78% exceeds limit 33.0%. Liquidity: Cash 33.7% exceeds limit 33.0%.

What is the dividend purification rate for GODREJIND?

The non-permissible dividend purification factor for Godrej Industries Ltd. is 4.29%.

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GODREJIND

NSEDiversifiedCap: ₹30481.65 Cr

Godrej Industries Ltd.

-12.15%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Debt Ratio: 154.78% exceeds limit 33.0%.
Liquidity: Cash 33.7% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹30481.65 Cr

P/E Ratio

25.9x

P/B Ratio

2.7x

52W High

₹1,443

52W Low

₹744.2

Div. Yield

0.00%

Shares O/S

33.69 Cr

Where Does the Money Come From?

Revenue breakdown for Godrej Industries Ltd.

Core Diversified OperationsPermissible Operating Activity

Permissible: Core operations in Diversified.

95.7%of Total Revenue

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

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

4.3%of Total Revenue

About Godrej Industries Ltd.

Permissible: Core operations in Diversified.

Interest-Bearing Debt Ratio

154.78%Max: ≤ 33.0%

Cash & Securities Liquidity

33.7%Max: ≤ 33.0%

Impure Revenue Ratio

4.29%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Diversified

Can't invest in GODREJIND? Consider these instead

AAOIFI Verified

DCMSHRIRAM

DCM Shriram Ltd.

HalalPurification: 0.45%

3MINDIA

3M India Ltd.

HalalPurification: 0.9%

Purification & Zakat Calculator

Calculate how much to donate for GODREJIND

⚠️ Note: GODREJIND 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.