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Home/Screener/ADANIGREEN
NSEUtilitiesIndia
ADANIGREEN logo

Adani Green Energy Limited

Non-Compliant
₹853

+0.12% today · Day ₹815 – ₹864 · NSE (public)

2/6Pass

This stock doesn't meet 4 Shariah rules. See below to understand why.

34/100
Non-Compliant

This stock doesn't meet 4 Shariah rules. See below to understand why.

Market Cap₹1.4 L
Revenue₹11,212
Total Debt₹80,040
Debt / Mcap63.07%
Non-Halal Income6.93%
SectorUtilities
✦
Utilities›Utilities
▲
Large Cap›Market cap of ₹1.4 L
⇅
Higher Risk›Debt ratio 63.07%
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Price Chart
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52-Week Range21% from low
₹765₹853₹1,178
52-Week Low₹765
52-Week High₹1,178
Prev Close₹852

Multi-Methodology Screening

Screened against 4 international Shariah standards

ConsensusNon-Compliant0/4 pass
S&P Shariah IndicesNon-Compliant
Debt Ratio63.1%/ 33.0%
Non-Halal Income6.9%/ 5.0%
Interest Income6.9%/ 5.0%
Receivables0.6%/ 33.0%
Cash & IB Securities4.1%/ 33.0%
SectorAllowed

Debt is 63.1% of 36m avg market cap, exceeding the 33% threshold set by S&P.

Debt is 56.8% of current market cap, exceeding the 33% threshold.

Non-permissible income is 6.9% of revenue, exceeding the 5% limit under S&P.

AAOIFI StandardsNon-Compliant
Debt Ratio71.9%/ 30.0%
Non-Halal Income6.9%/ 5.0%
Interest Income6.9%/ 5.0%
Receivables0.7%/ 49.0%
Cash & IB Securities4.1%/ 30.0%
SectorAllowed

Debt is 71.9% of total assets, exceeding the 30% threshold set by AAOIFI.

Debt is 71.9% of current total assets, exceeding the 30% threshold.

Non-permissible income is 6.9% of revenue, exceeding the 5% limit under AAOIFI.

FTSE Yasaar (Maxis)Non-Compliant
Debt Ratio71.9%/ 33.0%
Non-Halal Income6.9%/ 5.0%
Interest Income6.9%/ 5.0%
Receivables0.7%/ 50.0%
Cash & IB Securities4.1%/ 33.0%
SectorAllowed

Debt is 71.9% of total assets, exceeding the 33% threshold set by FTSE.

Debt is 71.9% of current total assets, exceeding the 33% threshold.

Non-permissible income is 6.9% of revenue, exceeding the 5% limit under FTSE.

Khatkhatay Independent NormsNon-Compliant
Debt Ratio71.9%/ 25.0%
Non-Halal Income6.9%/ 5.0%
Interest Income6.9%/ 5.0%
Receivables0.7%/ 100.0%
Cash & IB Securities4.1%/ 10.0%
SectorAllowed

Debt is 71.9% of total assets, exceeding the 25% threshold set by Independent.

Debt is 71.9% of current total assets, exceeding the 25% threshold.

Non-permissible income is 6.9% of revenue, exceeding the 5% limit under Independent.

Each methodology uses different denominators and thresholds. A stock may be compliant under one standard but not another. The consensus reflects the majority verdict across all three.

Compliance check

Green = safe, amber = close to limit, red = over the limit

Debt level
63.07%
How much debt the company carriesLimit: 33.00%
Current debt
56.77%
Debt compared to current company valueLimit: 33.00%
Income purity
6.93%
How much income comes from non-halal sourcesLimit: 5.00%
Interest earned
6.93%

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SVT.L logo
SVT.L
Interest income as portion of total revenueLimit: 5.00%
Money owed to company
0.58%
Outstanding receivables compared to company valueLimit: 33.00%
Cash & interest-bearing
4.12%
Cash and interest-bearing securities as a portion of total assetsLimit: 33.00%
Fixed Assets / Total Assets
86.02%
Asset composition indicatorNo hard threshold

Screening rules

Why it screened this way

✗

Debt is 63.1% of 36m avg market cap, exceeding the 33% threshold set by S&P.

✗

Debt is 56.8% of current market cap, exceeding the 33% threshold.

✗

Non-permissible income is 6.9% of revenue, exceeding the 5% limit under S&P.

✗

Interest income is 6.9% of revenue, exceeding the 5% limit under S&P.

Screening results indicate whether this stock meets specific methodology criteria. They do not constitute a fatwa or religious ruling. Consult a qualified Shariah scholar for definitive guidance. View methodology
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