Is Perma-Pipe International Holdings, Inc. (PPIH) Halal?
Shariah Screening — 5 Standards
Based on financial data from January 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 14.4% / 30% | 6.8% / 30% | 28.1% / 30% | 0.18% / 5% | ✓ HALAL |
| DJIM | 14.4% / 33% | 6.8% / 33% | 28.1% / 33% | 0.18% / 5% | ✓ HALAL |
| MSCI | 20.1% / 33% | 9.5% / 33% | 39.3% / 33% | 0.18% / 5% | ✗ NOT HALAL |
| S&P | 14.4% / 33% | 6.8% / 33% | 28.1% / 33% | 0.18% / 5% | ✓ HALAL |
| FTSE | 20.1% / 33% | 9.5% / 33% | 39.3% / 50% | 0.18% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.5% | |
| Operating Margin | 18.6% | |
| Net Margin | 6.9% | |
| Return on Equity (ROE) | 20.6% | |
| Return on Assets (ROA) | 9.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $14M |
| Free Cash Flow | $11M |
| Total Debt | $33M |
| Debt-to-Equity | 42.8 |
| Current Ratio | 1.8 |
| Total Assets | $165M |
Price & Trading
| Last Close | $29.85 |
| 50-Day MA | $30.72 |
| 200-Day MA | $27.51 |
| Avg Volume | 96K |
| Beta | 0.5 |
|
52-Week Range
$8.81
| |
About Perma-Pipe International Holdings, Inc. (PPIH)
Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the Middle East, North Africa, Europe, India, and internationally. The company offers insulated and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. It also provides liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was incorporated in 1993 and is headquartered in The Woodlands, Texas.
Purification Calculator
As a halal stock with 0.18% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Perma-Pipe International Holdings, Inc. (PPIH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Perma-Pipe International Holdings, Inc. 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 Perma-Pipe International Holdings, Inc.'s debt ratio?
Perma-Pipe International Holdings, Inc.'s debt ratio is 14.4% 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 20.1%.
Does Perma-Pipe International Holdings, Inc. require dividend purification?
Yes, Perma-Pipe International Holdings, Inc. has an impermissible income ratio of 0.18%, which means 0.18% 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 Perma-Pipe International Holdings, Inc.'s key financial metrics?
Perma-Pipe International Holdings, Inc. has a market capitalization of $237M, trailing P/E ratio of 17.2, and revenue of $158M. The company maintains a gross margin of 33.5% and a net margin of 6.9%. Return on equity stands at 20.6%.
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.