Screening rules
Why it screened this way
✗
Debt is 40.7% of 36m avg market cap, exceeding the 33% threshold set by S&P.
✗
Debt is 36.6% of current market cap, exceeding the 33% threshold.
NSEIndustrialsIndia
Ircon International Limited
Non-Compliant₹125
-0.24% today · Day ₹119 – ₹126 · NSE (public)
This stock doesn't meet 2 Shariah rules. See below to understand why.
63/100
Non-Compliant
This stock doesn't meet 2 Shariah rules. See below to understand why.
Market Cap₹11,753
Revenue₹10,540
Total Debt₹4,307
Debt / Mcap40.72%
Non-Halal Income3.19%
SectorIndustrials
Price Chart
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52-Week Range10% from low
52-Week Low₹115
52-Week High₹226
Prev Close₹125
Multi-Methodology Screening
Screened against 4 international Shariah standards
ConsensusNon-Compliant0/4 pass
S&P Shariah IndicesNon-Compliant
Debt Ratio40.7%/ 33.0%
Non-Halal Income3.2%/ 5.0%
Interest Income3.2%/ 5.0%
Receivables11.3%/ 33.0%
Cash & IB Securities26.3%/ 33.0%
SectorAllowed
Debt is 40.7% of 36m avg market cap, exceeding the 33% threshold set by S&P.
Debt is 36.6% of current market cap, exceeding the 33% threshold.
AAOIFI StandardsCautious
Debt Ratio22.1%/ 30.0%
Non-Halal Income3.2%/ 5.0%
Interest Income3.2%/ 5.0%
Receivables6.8%/ 49.0%
Cash & IB Securities26.3%/ 30.0%
SectorAllowed
FTSE Yasaar (Maxis)Cautious
Debt Ratio22.1%/ 33.0%
Non-Halal Income3.2%/ 5.0%
Interest Income3.2%/ 5.0%
Receivables6.8%/ 50.0%
Cash & IB Securities26.3%/ 33.0%
SectorAllowed
Khatkhatay Independent NormsNon-Compliant
Debt Ratio22.1%/ 25.0%
Non-Halal Income3.2%/ 5.0%
Interest Income3.2%/ 5.0%
Receivables6.8%/ 100.0%
Cash & IB Securities26.3%/ 10.0%
SectorAllowed
Interest income is 3.2% of revenue, exceeding the 3% limit under Independent.
Cash & interest-bearing securities are 26.3% of total assets, exceeding the 10% 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
40.72%Current debt
36.65%Income purity
3.19%Interest earned
3.19%Similar stocks
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