Is ASTEC INDUSTRIES INC (ASTE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 26.3% / 30% | 5.6% / 30% | 17.6% / 30% | 0.23% / 5% | ✓ HALAL |
| DJIM | 26.3% / 33% | 5.6% / 33% | 17.6% / 33% | 0.23% / 5% | ✓ HALAL |
| MSCI | 25.4% / 33% | 5.4% / 33% | 17.1% / 33% | 0.23% / 5% | ✓ HALAL |
| S&P | 26.3% / 33% | 5.6% / 33% | 17.6% / 33% | 0.23% / 5% | ✓ HALAL |
| FTSE | 25.4% / 33% | 5.4% / 33% | 17.1% / 50% | 0.23% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.5% | |
| Operating Margin | 5.2% | |
| Net Margin | 2.8% | |
| Return on Equity (ROE) | 5.9% | |
| Return on Assets (ROA) | 4.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $61M |
| Free Cash Flow | $21M |
| Total Debt | $348M |
| Debt-to-Equity | 53.3 |
| Current Ratio | 2.5 |
| Total Assets | $1.4B |
Price & Trading
| Last Close | $53.10 |
| 50-Day MA | $54.80 |
| 200-Day MA | $47.04 |
| Avg Volume | 229K |
| Beta | 1.4 |
|
52-Week Range
$29.65
| |
About ASTEC INDUSTRIES INC (ASTE)
Astec Industries, Inc. designs, engineers, manufactures, markets, and services equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants, cold central plant recycles systems, and soil remediation plants; concrete batch plants, liquid asphalt terminals, and thermal fluid heaters; asphalt pavers, material transfer vehicles, and milling machines; and industrial automation controls and telematics platforms, as well as engineering and environmental permitting, various plants components, polymer plants, heat recovery units, industrial and asphalt burners and systems, wood chippers and grinders, and blower trucks and trailers,. The Materials Solutions segment offers jaw, cone, heavy-duty, and mining-application crushers; horizontal and vertical shaft impactors; incline, multi-frequency and high frequency, horizontal, and dewatering screens; washing and classifying plants, fines recovery systems, and water clarification systems; radial and telescoping conveyors, pugmills, truck unloaders, hopper feeders ship loaders and unloaders, and bulk receptions feeders; and Rock breaker systems, hydraulic breakers, compactors, and pulverizers. It provides its products to asphalt or concrete producers; highway and heavy equipment contractors; utility contractors; sand and gravel producers; construction, demolition, recycle and crushing contractors; forestry and environmental recycling contractors; mine and quarry operators; port and inland terminal authorities; power stations; and domestic and foreign government agencies. The company was incorporated in 1972 and is headquartered in Chattanooga, Tennessee.
Purification Calculator
As a halal stock with 0.23% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is ASTEC INDUSTRIES INC (ASTE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ASTEC INDUSTRIES INC 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 ASTEC INDUSTRIES INC's debt ratio?
ASTEC INDUSTRIES INC's debt ratio is 26.3% 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 25.4%.
Does ASTEC INDUSTRIES INC require dividend purification?
Yes, ASTEC INDUSTRIES INC has an impermissible income ratio of 0.23%, which means 0.23% 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 ASTEC INDUSTRIES INC's key financial metrics?
ASTEC INDUSTRIES INC has a market capitalization of $1.2B, trailing P/E ratio of 31.0, and revenue of $1.4B. The company maintains a gross margin of 26.5% and a net margin of 2.8%. Return on equity stands at 5.9%.
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.