Is Asian Paints (ASIANPAINT) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.0% / 30% | 2.1% / 30% | 2.0% / 30% | 0.53% / 5% | ✓ HALAL |
| DJIM | 1.0% / 33% | 2.1% / 33% | 2.0% / 33% | 0.53% / 5% | ✓ HALAL |
| MSCI | 7.5% / 33% | 15.4% / 33% | 14.2% / 33% | 0.53% / 5% | ✓ HALAL |
| S&P | 1.0% / 33% | 2.1% / 33% | 2.0% / 33% | 0.53% / 5% | ✓ HALAL |
| FTSE | 7.5% / 33% | 15.4% / 33% | 14.2% / 50% | 0.53% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.9% | |
| Operating Margin | 16.6% | |
| Net Margin | 11.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $44.2B |
| Free Cash Flow | $25.9B |
| Total Debt | $22.9B |
| Debt-to-Equity | 17.6 |
| Total Assets | $303.7B |
Price & Trading
| Last Close | INR 2,270.20 |
| 50-Day MA | INR 2,376.15 |
| 200-Day MA | INR 2,528.54 |
| Avg Volume | 1.3M |
| Beta | 0.1 |
|
52-Week Range
INR 2,115.00
| |
About Asian Paints (ASIANPAINT)
Asian Paints Limited, together with its subsidiaries, engages in the manufacture, distribution, and sale of paints, coatings, and products related to home decoration and bath fittings in India, Asia, the Middle East, Africa, and the South Pacific region. The company offers wall coverings; waterproofing products; adhesives; and bath fittings and sanitaryware, modular kitchens and wardrobes, fabric, furnishings and rugs, decorative lightings, unplasticized polyvinyl chloride windows and door systems, textures and painting aids, and mechanized tools, as well as personalized interior design, homes painting, color consultancy projects, and homes services; and wood solutions. It also provides interior and exterior wall finishes, enamels, tools, undercoats, thinners, and varnishers. The company offers its products under the Asian Paints, SCIB Paints, Apco Coatings, Asian Paints Berger, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints brand names through a network of dealers and retail stores, as well as operates asianpaints.com, an online shop. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.
Purification Calculator
As a halal stock with 0.53% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Asian Paints (ASIANPAINT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Asian Paints is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Asian Paints's debt ratio?
Asian Paints's debt ratio is 1.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 7.5%.
Does Asian Paints require dividend purification?
Yes, Asian Paints has an impermissible income ratio of 0.53%, which means 0.53% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Asian Paints's key financial metrics?
Asian Paints has a market capitalization of $2.1T, trailing P/E ratio of 55.0, and revenue of $338.2B. The company maintains a gross margin of 42.9% and a net margin of 11.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.