Is Surya Esa Perkasa (ESSA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.0% / 30% | 0.0% / 30% | 1.56% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 1.56% / 5% | ✓ HALAL |
| MSCI | 13.3% / 33% | 22.7% / 33% | 3.1% / 33% | 1.56% / 5% | ✓ HALAL |
| S&P | 0.0% / 33% | 0.0% / 33% | 0.0% / 33% | 1.56% / 5% | ✓ HALAL |
| FTSE | 13.3% / 33% | 22.7% / 33% | 3.1% / 50% | 1.56% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.5% | |
| Operating Margin | 35.4% | |
| Net Margin | 13.7% | |
| Return on Equity (ROE) | 9.7% | |
| Return on Assets (ROA) | 6.6% |
Cash Flow & Balance Sheet
| Free Cash Flow | $96M |
| Total Debt | $179,264 |
| Debt-to-Equity | 0.0 |
| Current Ratio | 10.5 |
| Total Assets | $647M |
Price & Trading
| Last Close | IDR 750.00 |
| 50-Day MA | IDR 682.80 |
| 200-Day MA | IDR 639.50 |
| Avg Volume | 120.6M |
| Beta | 0.2 |
|
52-Week Range
IDR 510.00
| |
About Surya Esa Perkasa (ESSA)
PT ESSA Industries Indonesia Tbk., together with its subsidiaries, owns and operates liquefied petroleum gas (LPG) refinery in Indonesia. It operates through the Liquefied Petroleum Gas (LPG) and Processing Fee, Ammonia, and Others segments. The company offers ammonia used as a raw material for fertilizer production, explosives, dyes, household cleaners, and nylon. It also provides LPG primarily for use as a kitchen appliance fuel for homes, shopping centers, and hotels; ammonia plant; and motor vehicle fuel, as well as for construction industries, such as welding fuel in steel workshops; and condensate for use as a raw material for thinner, adhesive, and vehicle tire applications, as well as light naphtha, which is a cracker material for the manufacture of polyethylene. In addition, the company offers management and business consulting services; industrial products from oil refineries; and raw feed gas through pipelines, as well as organic basic chemical industry sourced from agricultural products. Further, the company engages in the procurement and distribution of natural and artificial gas; oil mining; trade of solid, liquid, and gas fuels; and supporting activities of oil and other natural gas mining. The company was formerly known as PT Surya Esa Perkasa Tbk and changed its name to PT ESSA Industries Indonesia Tbk. in October 2023. PT ESSA Industries Indonesia Tbk. was founded in 2006 and is headquartered in Jakarta, Indonesia.
Purification Calculator
As a halal stock with 1.56% impermissible income, you need to purify your dividends.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is Surya Esa Perkasa (ESSA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Surya Esa Perkasa 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 Surya Esa Perkasa's debt ratio?
Surya Esa Perkasa's debt ratio is 0.0% 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 13.3%.
Does Surya Esa Perkasa require dividend purification?
Yes, Surya Esa Perkasa has an impermissible income ratio of 1.56%, which means 1.56% 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 Surya Esa Perkasa's key financial metrics?
Surya Esa Perkasa has a market capitalization of $13.0T, trailing P/E ratio of 18.5, and revenue of $295M. The company maintains a gross margin of 33.5% and a net margin of 13.7%. Return on equity stands at 9.7%.
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.