Is MODINE MANUFACTURING CO (MOD) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.6% / 30% | 0.7% / 30% | 4.8% / 30% | 0.1% / 5% | ✓ HALAL |
| DJIM | 3.6% / 33% | 0.7% / 33% | 4.8% / 33% | 0.1% / 5% | ✓ HALAL |
| MSCI | 18.3% / 33% | 3.7% / 33% | 25.0% / 33% | 0.1% / 5% | ✓ HALAL |
| S&P | 3.6% / 33% | 0.7% / 33% | 4.8% / 33% | 0.1% / 5% | ✓ HALAL |
| FTSE | 18.3% / 33% | 3.7% / 33% | 25.0% / 50% | 0.1% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 23.8% | |
| Operating Margin | 11.9% | |
| Net Margin | 3.4% | |
| Return on Equity (ROE) | 10.0% | |
| Return on Assets (ROA) | 9.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $213M |
| Free Cash Flow | $129M |
| Total Debt | $351M |
| Debt-to-Equity | 66.7 |
| Current Ratio | 2.2 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $215.81 |
| 50-Day MA | $198.16 |
| 200-Day MA | $150.04 |
| Avg Volume | 1.4M |
| Beta | 1.7 |
|
52-Week Range
$64.79
| |
About MODINE MANUFACTURING CO (MOD)
Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally. The company offers heat transfer products, including round tube plate fin construction; gas-fired, hydronic, electric, and oil fired unit heaters; roof-mounted direct- and indirect-fired makeup air units, duct furnaces, infrared units, and perimeter heating products; single packaged unit ventilators, modular chillers, air handler and condensing units, and ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers. It also provides data center products that consists of IT cooling solutions, including precision air conditioning units for data center applications; computer room air conditioning and handler units; hybrid fan coils; fan walls; chillers; condensers; condensing units; and liquid cooling solutions for high-density computing, as well as sells replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, the company offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, chillers, and condensers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
Purification Calculator
As a halal stock with 0.10% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is MODINE MANUFACTURING CO (MOD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MODINE MANUFACTURING CO 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 MODINE MANUFACTURING CO's debt ratio?
MODINE MANUFACTURING CO's debt ratio is 3.6% 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 18.3%.
Does MODINE MANUFACTURING CO require dividend purification?
Yes, MODINE MANUFACTURING CO has an impermissible income ratio of 0.10%, which means 0.10% 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 MODINE MANUFACTURING CO's key financial metrics?
MODINE MANUFACTURING CO has a market capitalization of $11.3B, trailing P/E ratio of 116.3, and revenue of $2.6B. The company maintains a gross margin of 23.8% and a net margin of 3.4%. Return on equity stands at 10.0%.
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.