NSE: BPCLEnergy
Bharat Petroleum Corporation Limited
Industry: Oil Refining & Petroleum Distribution·Market Cap: ₹1.28 Lakh Cr
Haram
AAOIFI Standard Verdict
Is BPCL halal? No — This stock fails AAOIFI Shariah screening thresholds.
Reason: Exceeded threshold on: Interest-bearing Debt / Market Cap (35.16% vs max 30%)
Market Valuation & Pricing
Market Price
₹295.00
As of 7 Nov 2026Market Capitalization
₹1.28 Lakh Cr
Used as denominator for Shariah debt & cash capsPrice-to-Earnings (P/E)
8.9x
Trailing 12-month valuation multiple52-Week Range51% of range
Low: ₹238.95High: ₹348.10
4-Quarter Shariah Compliance Trend
Illustrative trend · Based on quarterly NSE filings
Threshold Exceeded (> 30%)
Debt Ratio Track30% AAOIFI Limit
Illustrative trend · Based on quarterly NSE filingsFinancial Ratios Breakdown (AAOIFI)
Analysis of 3 core Shariah financial ratios based on audited quarterly balance sheet filings:
DEBT
Interest-bearing Debt / Market Cap
Fail
35.16%actual
Allowed Limit≤ 30%
CASH
Cash & Interest Securities / Market Cap
Pass
2.97%actual
Allowed Limit≤ 30%
INCOME
Non-Halal Revenue / Total Revenue
Pass
0.00%actual
Allowed Limit≤ 5%
Tazkiyah (Dividend Purification)
0.00% Required0.00% purification required. According to audited filings, BPCL has zero reported impermissible non-core income.
Methodology Comparison
Compare standard AAOIFI vs. Tayyib Taqwa Screen:
| Standard | Verdict | Debt Ratio | Cash / Liquidity | Impure Income | Sector Check |
|---|---|---|---|---|---|
AAOIFI Standard Global Islamic Benchmark (≤30% / ≤5%) | Haram | 35.16% (≤30%) | 2.97% (≤30%) | 0.00% (≤5%) | Energy |
Taqwa Mode Strict Screen (≤20% / ≤1%) | Haram | 35.16% (≤20%) | 2.97% (≤20%) | 0.00% (≤1%) | Permissible |
Filing & Source Information
Primary SectorEnergy
Sub-IndustryOil Refining & Petroleum Distribution
Data Freshness7 Nov 2026
Primary SourceNSE / Yahoo Financials
Important Disclaimer: This screening is for informational purposes only and does not constitute a formal fatwa or investment recommendation. Always consult a qualified Shariah scholar and a certified financial advisor before making investment decisions. Read our full methodology →