NSE: TATAPOWERUtilities

The Tata Power Company Limited

Industry: Integrated Power & Renewables·Market Cap: ₹1.25 Lakh Cr

Haram

AAOIFI Standard Verdict

Is TATAPOWER halal? No — This stock fails AAOIFI Shariah screening thresholds.

Reason: Exceeded threshold on: Interest-bearing Debt / Market Cap (38.40% vs max 30%)

Market Valuation & Pricing

NSE Quote

Market Price

₹392.00

As of 7 Nov 2026

Market Capitalization

₹1.25 Lakh Cr

Used as denominator for Shariah debt & cash caps

Price-to-Earnings (P/E)

32.0x

Trailing 12-month valuation multiple

52-Week Range51% of range

Low: ₹317.52High: ₹462.56

4-Quarter Shariah Compliance Trend

Illustrative trend · Based on quarterly NSE filings

Threshold Exceeded (> 30%)

Debt Ratio Track30% AAOIFI Limit

Illustrative trend · Based on quarterly NSE filings

Financial Ratios Breakdown (AAOIFI)

Analysis of 3 core Shariah financial ratios based on audited quarterly balance sheet filings:

DEBT

Interest-bearing Debt / Market Cap

Fail

38.40%actual

Allowed Limit≤ 30%

CASH

Cash & Interest Securities / Market Cap

Pass

3.84%actual

Allowed Limit≤ 30%

INCOME

Non-Halal Revenue / Total Revenue

Pass

0.00%actual

Allowed Limit≤ 5%

Tazkiyah (Dividend Purification)

0.00% Required

0.00% purification required. According to audited filings, TATAPOWER has zero reported impermissible non-core income.

Purification Calculator

Methodology Comparison

Compare standard AAOIFI vs. Tayyib Taqwa Screen:

Standard	Verdict	Debt Ratio	Cash / Liquidity	Impure Income	Sector Check
AAOIFI Standard Global Islamic Benchmark (≤30% / ≤5%)	Haram	38.40% (≤30%)	3.84% (≤30%)	0.00% (≤5%)	Utilities
Taqwa Mode Strict Screen (≤20% / ≤1%)	Haram	38.40% (≤20%)	3.84% (≤20%)	0.00% (≤1%)	Permissible

Filing & Source Information

Primary SectorUtilities

Sub-IndustryIntegrated Power & Renewables

Data Freshness7 Nov 2026

Primary SourceNSE / Yahoo Financials

Important Disclaimer: This screening is for informational purposes only and does not constitute a formal fatwa or investment recommendation. Always consult a qualified Shariah scholar and a certified financial advisor before making investment decisions. Read our full methodology →