Is POLYPLEX CORPORATION LTD Halal & Shariah Compliant?
Shariah Screening Verdict
FINANCIAL DATA UPDATE IN PROGRESS • POLYPLEX.NS
Processing financial disclosures
LIVE REFRESH INCOMPLETE • POLYPLEX.NS
Complete audited financial data could not be verified
Stage 1: Business Activity (Sector/Industry level Classification)
Core business activity is screened at the industry level; users are advised to verify company-specific revenue segments.
Stage 2: Financial Ratios
Financial data is currently pending because the required financial disclosure could not be verified automatically.
“Polyplex Corporation Limited — Stage 1: Shari‘ah Business Screening 1. Bunyadi business: Permissible-looking — Polymeric Films manufacturing 2. Main rev...”
“Polyplex Corporation Limited — Stage 1: Shari‘ah Business Screening 1. Bunyadi business: Permissible-looking — Polymeric Films manufacturing 2. Main revenue: Films/products ki sale se — ₹7,075.80 crore sales Business Segment-wise Sales: Thin PET: Sales ka 53% — taqriban ₹3,750 crore. BOPP: Sales ka 16% — taqriban ₹1,132 crore. Thick PET: Sales ka 14% — taqriban ₹991 crore. CPP / Blown: Sales ka 6% — taqriban ₹425 crore. PET Resin: Sales ka 4% — taqriban ₹283 crore. Downstream: Sales ka 3% — taqriban ₹212 crore. Other: Sales ka 4% — taqriban ₹283 crore. Total Sales Revenue: ₹7,075.80 crore. Ye amounts Annual Report mein diye gaye percentages ko ₹7,075.80 crore par apply karke taqriban nikale gaye hain. Downstream mein aane wale products/applications: 1. Label Face Film — mukhtalif qisam ke labels ke liye. 2. High-Shrink Film — bottles aur jars ke shrink-sleeve labels ke liye. 3. Pearlized White BOPP Film — wrap-around labels ke liye. 4. Holographic aur Silver Metallized Paper — liquor, ketchup, pharma waghera ke labels ke liye. 5. Inline Siliconized Release Liner — labels aur doosri specialized applications ke liye. 6. Eco-friendly Battery Labels — battery labeling applications ke liye. Note — Downstream mein Liquor Labeling ke hawale se: Downstream segment mein labeling se muta‘alliq products bhi shamil hain. Company mukhtalif qisam ke films aur specialized papers banati hai jo labels mein istemal hote hain. In mein Holographic aur Silver Metallized Paper bhi shamil hai, jo liquor bottles ke labels mein bhi istemal hota hai. Lekin company direct sharab ya sharab ki bottles par labeling ka kaam nahi karti, balki labeling ke liye material provide karti hai. Annual Report mein liquor labeling se hone wali exact income alag se disclose nahi ki gayi. Downstream segment ki kul sales 3% (taqriban ₹212 crore) hai, jismein labeling ke alawa doosre products bhi shamil hain. Ehtiyatan agar poori Downstream ki 3% sales ko liquor labeling se related maan bhi liya jaye, tab bhi yeh 5% ki had se kam hai. Is liye Stage 1 ke screening criteria ke mutabiq sirf is wajah se company ko Shari‘ah non-compliant nahi kaha jayega. Yeh 3% sirf ehtiyati calculation hai; asal mein liquor labeling se kitni income hui, Annual Report mein alag se maloom nahi hoti. Stage 2 mein company ki interest income, interest-bearing debt aur liquid/non-liquid assets ka alag se jaiza liya jayega. 3. Clearly prohibited main activity: Annual Report mein koi obvious prohibited core business nazar nahi aaya. 4. Interest income aur Interest-bearing debt: Consolidated basis par company ko ₹39.54 crore interest income hui, jabke 31 March 2026 ko company ke non-current borrowings ₹233.38 crore aur current borrowings ₹683.71 crore the, yani total interest-bearing borrowings taqriban ₹917.09 crore. In dono ka Shari‘ah screening ke mutabiq percentage Stage 2 mein calculate karke detail mein jaiza liya jayega.”
💬 Community Discussions & Inquiries on POLYPLEX.NS 0
No discussions on POLYPLEX.NS yet.
Have a question on revenue breakdown, interest income, or compliance? Write your comment below to start the discussion!
Ratio Definitions & Logic
Ratio 1 — Interest-Bearing Debt / Total Assets
Formula: (Funded Interest-Bearing Debt ÷ Total Assets) × 100. Total Debt strictly comprises funded interest-bearing bank borrowings (short-term working capital credit facilities and long-term term loans, credit lines, bonds, debentures, and commercial paper). Operating lease liabilities (Ind AS 116 / Ijarah store, shop, and warehouse rental contracts) are operational usufruct rentals, not Riba-bearing loans, and are strictly excluded from interest-bearing debt per leading national and international Shariah advisory standards. The standard screening threshold limit must be strictly less than 33.00%.
Ratio 2 — Impermissible Income / Revenue
Formula: (Bank Deposits & FDs + Bonds & Debt Securities + Other Impure Income) ÷ Total Revenue × 100. Includes all interest earned by the company (from bank fixed deposits, savings balances, debt instruments, and debentures) along with unpurified non-operating returns inspected directly from financial statement notes to accounts (Note 30 / 35). Pure operational revenue is strictly segregated from non-operating returns. The standard screening threshold limit must be strictly less than or equal to 5.00% per leading national and international Shariah advisory standards.
Ratio 3 — Liquid Assets / Total Assets
Formula: Total Liquid Assets ÷ Total Assets × 100. Total Liquid Assets equals Cash & Bank Balances + Short-Term Current Investments + Trade Receivables (Sundry Debtors). The screening threshold limit must be strictly less than 90.00%.
Sign In to Access Advisor Verdicts & Trend Charts
Unlock verified Shari'ah scholar verdicts, in-depth screening reasoning, curated lists, and multi-quarter financial trend charts with free instant sign in.
Dividend Purification Calculator
POLYPLEX.NS • POLYPLEX CORPORATION LTD
Is company ke official financial disclosures me 0.00% impure income report hui hai. Iska matlab aapka poora dividend 100% halal aur paak hai — koi purification raqam nikalne ki zaroorat nahi hai.
Shariah scholars (AAOIFI standards ke tahat) ihtiyat (precaution) ke taur par impure income ka 2x (double) hissa charity mein dene ka mashwara dete hain, taaki bank float, transit interest ya delayed accounting adjustments ka shubha khatam ho sake.
⚠️ Zaroori baat: Is raqam ko bagair sawab ki niyat ke welfare/sadqah mein dena hota hai kyunki iska maqsad sawab nahi balki apne bache hue maalam ko haraam/shubhe se paak karna hai.