Is JSW Steel (JSWSTEEL) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 39.6% / 30% | 6.0% / 30% | 2.8% / 30% | 0.33% / 5% | ✗ NOT HALAL |
| DJIM | 39.6% / 33% | 6.0% / 33% | 2.8% / 33% | 0.33% / 5% | ✗ NOT HALAL |
| MSCI | 49.5% / 33% | 7.6% / 33% | 3.5% / 33% | 0.33% / 5% | ✗ NOT HALAL |
| S&P | 39.6% / 33% | 6.0% / 33% | 2.8% / 33% | 0.33% / 5% | ✗ NOT HALAL |
| FTSE | 49.5% / 33% | 7.6% / 33% | 3.5% / 50% | 0.33% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.1% | |
| Operating Margin | 9.0% | |
| Net Margin | 4.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $209.0B |
| Free Cash Flow | $82.0B |
| Total Debt | $1.2T |
| Debt-to-Equity | 118.7 |
| Total Assets | $2.4T |
Price & Trading
| Last Close | INR 1,156.00 |
| 50-Day MA | INR 1,208.64 |
| 200-Day MA | INR 1,133.34 |
| Avg Volume | 1.7M |
| Beta | 0.6 |
|
52-Week Range
INR 905.20
| |
About JSW Steel (JSWSTEEL)
JSW Steel Limited manufactures and sells iron and steel products in India and internationally. The company offers color coated steel products, color-coated roofing sheets, galvalume coil and sheets, aluminum-zinc sheets, galvanized corrugated sheets, tin plate products, lead-free coils and sheets, Al-Zn-Mg coated galvanized steel, multi-utility steel sheets, hot rolled and cold-rolled coils, cold rolled close annealed, electrical, coated steel products, TMT bars, wire rods, alloy steel products, and steel doors under the JSW Silveron+, JSW Radiance, JSW Everglow, JSW Colouron+, JSW Pragati+, JSW Vishwas, JSW Vishwas+, JSW Galvos, JSW Galveco, JSW Platina, JSW Neosteel, JSW Trusteel, JSW Avante, and JSW Magsure brands. It also trades in steel and allied products, and iron ore products; logistic infrastructure, real estate, and mining; and manufactures paints, forged steel ball, slabs, plates, pipes, and double jointing. In addition, the company engages in the production of gaseous and liquid form of oxygen, nitrogen, argon, and other products recoverable from separation of air; scrap shredding; management of logistic infrastructure of piombinos port area; and operation of coke oven and pellet plant, and steel plants. Its products are used in automotive, general engineering, machinery, projects, and construction sectors. The company was formerly known as Jindal Vijayanagar Steel Limited and changed its name to JSW Steel Limited in June 2005. JSW Steel Limited was founded in 1982 and is headquartered in Mumbai, India.
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Frequently Asked Questions
Is JSW Steel (JSWSTEEL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), JSW Steel 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 JSW Steel's debt ratio?
JSW Steel's debt ratio is 39.6% 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 49.5%.
What are JSW Steel's key financial metrics?
JSW Steel has a market capitalization of $2.8T, trailing P/E ratio of 37.2, and revenue of $1.7T. The company maintains a gross margin of 42.1% and a net margin of 4.2%.
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.