Dorian LPG Ltd

LPG

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Energy
United States of America
Small cap

Dorian LPG Ltd is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

3.16%

Impure Income*

$0.085

Purification*

$0.184

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
BUY
$48.00
$45.00
$51.00
4
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
2.50%
48.51%
44.85%
4.58
4.60
-36.22%

Shariah Compliance

  • Updated on September 12, 2024
Debt
35.63%
✗
Non-Compliant Assets
2.52%
✓
Impure Income
3.16%
✓

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
59.02%
✗
Impure Income
3.16%
✓

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
47.58%
✗
Impure Income
3.16%
✓

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
30.97%
✓
Cash
20.67%
✓
Cash & AR
20.71%
✓
Impure Income
3.16%
✓

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
30.97%
✓
Cash
20.67%
✓
Cash & AR
20.71%
✓
Impure Income
3.16%
✓

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
3.16%

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

Dorian LPG Ltd. is a liquefied petroleum gas (LPG) shipping company. The Company and its subsidiaries are focused on owning and operating very large gas carriers (VLGCs) that transport liquefied petroleum gas globally. Its fleet consists of 25 VLGCs, including one dual-fuel 84,000 cubic meters (cbm) ECO-design VLGC (Dual-fuel ECO VLGC), 19 fuel-efficient 84,000 cbm ECO-design VLGCs (ECO VLGCs), one 82,000 cbm modern VLGC, three time chartered-in dual fuel Panamax size VLGCs, and one time chartered-in ECO VLGCs. It provides in-house commercial and technical management services for all of its vessels. Fifteen of its ECO VLGCs, including one of its time-chartered-in ECO-VLGCs, are fitted with exhaust gas cleaning systems to reduce sulfur emissions. It also has entered into a shipbuilding contract for a newbuilding very large gas carrier / ammonia carrier (VLGC/AC) with a cargo carrying capacity of 93,000 cbm. Its subsidiaries include Dorian LPG Management Corp. and Dorian LPG Finance LLC.

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