Is BPCL (BPCL) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 39.9% / 30% | 9.0% / 30% | 6.1% / 30% | 0.36% / 5% | ✗ NOT HALAL |
| DJIM | 39.9% / 33% | 9.0% / 33% | 6.1% / 33% | 0.36% / 5% | ✗ NOT HALAL |
| MSCI | 28.0% / 33% | 6.3% / 33% | 4.3% / 33% | 0.36% / 5% | ✓ HALAL |
| S&P | 39.9% / 33% | 9.0% / 33% | 6.1% / 33% | 0.36% / 5% | ✗ NOT HALAL |
| FTSE | 28.0% / 33% | 6.3% / 33% | 4.3% / 50% | 0.36% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 15.6% | |
| Operating Margin | 8.2% | |
| Net Margin | 5.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $236.8B |
| Free Cash Flow | $85.3B |
| Total Debt | $611.0B |
| Debt-to-Equity | 56.4 |
| Total Assets | $2.2T |
Price & Trading
| Last Close | INR 284.55 |
| 50-Day MA | INR 349.46 |
| 200-Day MA | INR 345.04 |
| Avg Volume | 8.6M |
| Beta | 0.9 |
|
52-Week Range
INR 262.00
| |
About BPCL (BPCL)
Bharat Petroleum Corporation Limited engages in refining crude oil and marketing petroleum products in India and internationally. It operates through two segments, Downstream Petroleum; and Exploration and Production of Hydrocarbons. The company operates fuel stations that sell motor spirits, high-speed diesel, blended fuels, compressed and liquefied natural gas, automotive liquefied petroleum gas (LPG), and lubricants; operate convenience stores, restaurants, and electric vehicle charging facilities; and offer ATM, money transfer, insurance, and vehicle care services. It also provides LPG for domestic, commercial, and metal cutting applications under the Bharatgas brand name; automobile lubricants, such as automotive engine and gear oils, greases, and specialties, as well as industrial lubricants under the MAK brand; jet fuel; and aviation services, including transportation, storage, and intoplane services. In addition, the company offers industrial fuels products, white oils, bitumen and specialty bitumen, petcoke, sulphur, solvents, petrochemicals, bunkering, and petrochemical feedstock products; and operates pipelines to transport petroleum products. Further, it exports naphtha and fuel oils; and engages in city gas distribution activities. The company's marketing infrastructure includes a network of installations, depots, retail outlets, aviation fueling stations, and LPG distributors. The company was formerly known as Bharat Refineries Limited and changed its name to Bharat Petroleum Corporation Limited in August 1977. Bharat Petroleum Corporation Limited was incorporated in 1952 and is based in Mumbai, India.
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Frequently Asked Questions
Is BPCL (BPCL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), BPCL is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is BPCL's debt ratio?
BPCL's debt ratio is 39.9% 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 28.0%.
What are BPCL's key financial metrics?
BPCL has a market capitalization of $1.2T, trailing P/E ratio of 4.9, and revenue of $4.4T. The company maintains a gross margin of 15.6% and a net margin of 5.5%.
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.