Is NMDC Steel Ltd. (NSLNISP) Halal?

NMDC Steel Ltd. (NSLNISP) is evaluated as Not Halal (Non-compliant) under the AAOIFI standard. Reasons: Debt Ratio: 39.71% exceeds limit 33.0%.

What is the dividend purification rate for NSLNISP?

The non-permissible dividend purification factor for NMDC Steel Ltd. is 0.5%.

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NSLNISP

NSEMetals & MiningCap: ₹11036.66 Cr

NMDC Steel Ltd.

-14.58%YTD

AAOIFI MSCI DJIM BSE_TASIS

Non-Compliant (Not Permissible)

Evaluated using AAOIFI criteria

Reasons for Non-Compliance:

Debt Ratio: 39.71% exceeds limit 33.0%.

Market Fundamentals

Live NSE/BSE

Market Cap

₹11036.66 Cr

P/E Ratio

129.9x

P/B Ratio

0.8x

52W High

₹53.75

52W Low

₹33.01

Div. Yield

0.00%

Shares O/S

293.06 Cr

Where Does the Money Come From?

Revenue breakdown for NMDC Steel Ltd.

Core Metals & Mining OperationsPermissible Operating Activity

Permissible: Core operations in Metals & Mining.

99.5%of Total Revenue

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

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

0.5%of Total Revenue

About NMDC Steel Ltd.

Permissible: Core operations in Metals & Mining.

Interest-Bearing Debt Ratio

39.71%Max: ≤ 33.0%

Cash & Securities Liquidity

0.91%Max: ≤ 33.0%

Impure Revenue Ratio

0.5%Max: ≤ 5.0%

Screening Denominator

30-Day Average Market Cap

Halal Alternatives in Metals & Mining

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HalalPurification: 1.86%

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HalalPurification: 0.72%

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Hindustan Copper Ltd.

HalalPurification: 0.8%

Purification & Zakat Calculator

Calculate how much to donate for NSLNISP

⚠️ Note: NSLNISP 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.