Founder Group Ltd (FGL) Financial Ratio Screen
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MSCI new-inclusion financial-ratio snapshot
FGL financial screening at a glance
Calculation date: 2026-08-31. Financial period used: December 2024. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.
Independent method comparison
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Business activity evidence
Activity assessment in progress
The supplied classification (Engineering & Construction) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.
Revenue segments: Not yet checked against an SEC annual filing.
Profile description reviewed: Founder Group Limited provides engineering, procurement, construction, and commissioning solutions (EPCC) for solar projects and commercial and industrial solar projects in Malaysia. It operates through two segments; Large-scale solar, and Commercial and Industrial. The company offers engineering and design services for solar PV array, including inverters, transformers, and interconnection to the power grid; procurement of construction materials and equipment for the solar PV facilities, including solar PV modules and balance of systems; and construction services, including civil, structural, mechanical, and electrical works, installation, integration of equipment, and interconnection to the power grid. It also provides commissioning, including testing of equipment and systems and testing of the installed solar PV facilities. In addition, the company engages in the installation, testing, and commissioning of photovoltaic modules, inverters, DC cables, and related works; supply of PV mounting structures; piling work; and operation and maintenance services. Founder Group Limited was founded in 2021 and is based in Klang, Malaysia.
Sources to verify: Secondary company profile and classification · Issuer website · SEC issuer filings
A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.
Published-ratio reproductions (not certifications)
The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| MSCI | 31.3% / 30% | 12.2% / 30% | 60.1% / 30% | 0.11% / 5% | RATIOS FAIL* |
| FTSE | 31.3% / 33% | 12.2% / 33% | 60.1% / 50% | 0.11% / 5% | RATIOS FAIL* |
Financial Highlights
Profitability
| Gross Margin | 8.6% | |
| Operating Margin | -0.9% | |
| Net Margin | -4.7% | |
| Return on Equity (ROE) | -35.3% | |
| Return on Assets (ROA) | -3.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6M |
| Free Cash Flow | -$7M |
| Total Debt | $36M |
| Debt-to-Equity | 367.4 |
| Current Ratio | 1.1 |
| Total Assets | $114M |
Price & Trading
| Last Close | $3.35 |
| 50-Day MA | $10.15 |
| 200-Day MA | $54.65 |
| Avg Volume | 149K |
|
52-Week Range
$2.30
| |
Financial data provenance and verification
The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2024. This is a secondary data feed and can differ from amended or newly filed statements.
- Issuer website — use its investor-relations filings to verify the figures.
- SEC EDGAR filing search — primary filing source for US issuers.
- Field mapping, formulas and limitations.
Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.
About Founder Group Ltd (FGL)
Founder Group Limited provides engineering, procurement, construction, and commissioning solutions (EPCC) for solar projects and commercial and industrial solar projects in Malaysia. It operates through two segments; Large-scale solar, and Commercial and Industrial. The company offers engineering and design services for solar PV array, including inverters, transformers, and interconnection to the power grid; procurement of construction materials and equipment for the solar PV facilities, including solar PV modules and balance of systems; and construction services, including civil, structural, mechanical, and electrical works, installation, integration of equipment, and interconnection to the power grid. It also provides commissioning, including testing of equipment and systems and testing of the installed solar PV facilities. In addition, the company engages in the installation, testing, and commissioning of photovoltaic modules, inverters, DC cables, and related works; supply of PV mounting structures; piling work; and operation and maintenance services. Founder Group Limited was founded in 2021 and is based in Klang, Malaysia.
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Frequently Asked Questions
Is Founder Group Ltd (FGL) halal to invest in?
The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.
What is Founder Group Ltd's debt ratio?
Founder Group Ltd's debt ratio is 31.3% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.
What are Founder Group Ltd's key financial metrics?
Founder Group Ltd has a market capitalization of USD 1M in its listing currency, and revenue of $90M. The company maintains a gross margin of 8.6% and a net margin of -4.7%. Return on equity stands at -35.3%.
How often is the screening data updated?
Calculation date: 2026-08-31. Financial period: December 2024. These dates are shown separately because regenerating this page does not refresh the underlying data.
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.