Bajel Projects Limited (BAJEL.NS) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.
Computed from published company financials, balance sheet as of 2026-03-31. BAJEL.NS files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.
Business activity: cleared (no excluded categories detected)
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 17.38% | 30.00% | Pass |
| Interest-bearing investments | 1.12% | 30.00% | Pass |
| Non-permissible income | 0.53% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 15.11% | 33.00% | Pass |
| Interest-bearing investments | 0.93% | 33.00% | Pass |
| Non-liquid assets | 34.70% | at least 20.00% | Pass |
| Non-permissible income | 0.53% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 14.45% | 33.33% | Pass |
| Cash + interest-bearing securities | 0.93% | 33.33% | Pass |
| Accounts receivable | 65.30% | 33.33% | Fail |
| Non-permissible income | 0.53% | 5.00% | Pass |
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 14.45% | 33.33% | Pass |
| Cash + interest-bearing securities | 0.93% | 33.33% | Pass |
| Accounts receivable | 65.30% | 50.00% | Fail |
| Non-permissible income | 0.53% | 5.00% | Pass |
Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 15.56% | 33.00% | Pass |
| Cash + interest-bearing securities | 1.01% | 33.00% | Pass |
| Accounts receivable | 69.29% | 33.00% | Fail |
| Non-permissible income | 0.53% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 14.87% | 33.00% | Pass |
| Cash + interest-bearing securities | 0.96% | 49.00% | Pass |
| Accounts receivable | 66.22% | 49.00% | Fail |
| Non-permissible income | 0.53% | 5.00% | Pass |
Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.
| Ratio | Value | Threshold | Result |
|---|---|---|---|
| Interest-bearing debt | 14.87% | 33.33% | Pass |
| Cash + interest-bearing securities | 0.96% | 33.33% | Pass |
| Accounts receivable | 67.18% | 49.00% | Fail |
| Non-permissible income | 0.53% | 5.00% | Pass |
Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 42.80 | NEUTRAL |
| Stochastic %K (14) | 20.81 | NEUTRAL |
| CCI (20) | -146.65 | BUY |
| Williams %R (14) | -79.19 | NEUTRAL |
| MACD (12,26,9) | -1.22 | SELL |
| ROC (10) | -6.71 | SELL |
| Momentum (10) | -12.95 | SELL |
| EMA (10) | 183.79 | SELL |
| SMA (10) | 184.74 | SELL |
| EMA (20) | 185.30 | SELL |
| SMA (20) | 186.30 | SELL |
| EMA (30) | 185.69 | SELL |
| SMA (30) | 186.94 | SELL |
| EMA (50) | 185.73 | SELL |
| SMA (50) | 184.53 | SELL |
| EMA (100) | 184.17 | SELL |
| SMA (100) | 186.68 | SELL |
| EMA (200) | 180.84 | SELL |
| SMA (200) | 175.25 | BUY |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Utilities · Utilities - Regulated Electric
Bajel Projects Limited engages in the engineering, procurement, and construction (EPC) for power transmission and distribution projects in India and internationally. The company offers turnkey solutions, including engineering, designing, testing, manufacturing, executing, and commissioning of EHV transmission lines; and constructs new infrastructure, as well as the augmentation of existing infrastructure for various power distribution companies and agencies. It also engages in providing EPC services at rural/urban electrification infrastructure; primary distribution substation; and underground cabling activities. In addition, the company designs, manufactures, supplies, and installs monopoles; designs and manufactures a range of transmission, distribution poles, including single poles, twin poles, and special structures, such as cable termination poles, three poles, or quad structures; and tubular substation structures. Further, it provides lattice structure, steel tubular poles, lighting poles and masts; and galvanizing services. Bajel Projects Limited was incorporated in 2022 and is based in Mumbai, India.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-08 · Asset managers net 912361 (-21819)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.