Is Asian Paints Ltd Stock Halal or Not ? Before knowing the halal status of Asian Paints Ltd, know a little about the company profile. Asian paints ltd is a well known Indian company which manufactures paints. When we researched, we found that the stock of Asian Paints Limited is halal and Shariah compliant. We have also discussed its business profile and financial details in this blog.
Table of Contents
Asian Paints Limited Stock Halal Status
| Screening Process | Details | Status |
|---|---|---|
| Business Profile | PASS | PASS |
| Impermissible Income to Total Revenue | 1.91% | PASS |
| Interest-Bearing Debt to Total Assets | 8.27% | PASS |
| illiquid Assets to Total Assets Ratio | 52.69% | PASS |
| Net Liquid Assets vs Market Capitalisation | PASS | PASS |
| Non-Compliant Investments to Total Assets | 16.07% | PASS |
About Asian Paints Ltd
Asian Paints Ltd. is a well-known producer and supplier of paints and home decor company. Its main business channels are the paint and home decor industries. Paints, varnishes, enamels, thinners, and a range of organic and inorganic chemical compounds are among the products offered.
Asian Paints also manufactures metal sanitary ware, which includes sinks, bathtubs, washbasins, and a range of toiletry and cosmetic products. Its Home Decor section offers an amazing range of products, including bath fixtures, lighting fixtures, and modular kitchens and wardrobes. In addition, the company sells wall coverings, furniture, furnishings, rugs, and u PVC windows and doors.
Additionally, Asian Paints offers a wide range of services, including online colour consultations, contractor finding platforms, wood treatments, safe painting solutions, interior design consultations, and waterproofing services.
Financial of Asian Paints Ltd
| Market Capital | ₹2,86,637 Cr. |
| P/E Ratio | 52.5% |
| P/B Ratio | 15.3% |
| ROCE | 37.5% |
| ROE | 31.4% |
| DIVIDEND YIELD RATIO | 1.13% |
| TOTAL DEBT | ₹2,474 Cr. |
| DEBT TO EQUITY | 0.13 |
| PROMOTER HOLDING | 52.6% |
| TOTAL ASSETS | ₹29,901 Cr. |
Related Posts
- Reliance Industries Ltd Share is Halal or Haram? 2024 |Halal Finance
- SRM Contractors IPO Opening today at price band of ₹200 to ₹210 per Share, Check out Financial details and Halal Status
- Dividend of ₹28 on every share, with a massive 2800% dividend payment, Know the record date
- Fundamentally Strong Stocks Under ₹ 300 to add to your watch list
