Advanced Drainage Systems Inc

WMS

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Cyclicals
USA
Mid Cap

Advanced Drainage Systems Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

0.14%

Impure Income*

$0.020

Purification*

$0.160

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Mid Cap
BUY
20.63%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
24.25%
14.09%
1.35
2.42
2.53%

Shariah Compliance

  • Updated on September 22, 2026
Debt
17.25%
✓
Non-Compliant Assets
✓
Impure Income
0.14%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
16.32%
✓
Impure Income
0.14%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
16.83%
✓
Impure Income
0.14%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
39.15%
✗
Cash
3.69%
✓
Cash & AR
13.86%
✓
Impure Income
0.14%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
39.15%
✗
Cash
3.69%
✓
Cash & AR
13.86%
✓
Impure Income
0.14%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.14%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Advanced Drainage Systems, Inc. is a manufacturer of water management solutions. The Company’s segments are Stormwater and Wastewater. The Stormwater segment manufactures and markets high-performance thermoplastic corrugated pipe and complementary products. Its Wastewater segment is a provider of plastic leachfield chambers and systems, onsite wastewater tanks and accessories, primarily for use in residential applications. Wastewater products are used in onsite wastewater treatment systems in the United States and Canada. Its Stormwater products include single all pipe, N-12 HDPE pipe, high-performance polypropylene pipe, StormTech, water quality filters and structures, fittings, catch basins and access boxes. It serves the stormwater and onsite wastewater industries, providing drainage solutions for use in the construction and agriculture marketplaces. Its subsidiaries include Infiltrator Water Technologies, LLC, ADS Ventures, Inc., National Diversified Sales, Inc., and others.

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