Bihar Sponge Iron Ltd 500058.BO
₹12.40 ₹0.04 (0.32%) 1D
Last Updated: Aug 07, 12:00 AM·BSE
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500058.BO Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Bihar Sponge Iron Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Bihar Sponge Iron Ltd. Stock Analysis 500058.BO
India Materials Nano Cap Bihar Sponge Iron Ltd. engages in the manufacture and sale of sponge iron. The firm is also carrying activities of trading of plastic packaging materials. The company produces sponge iron from three kilns with an installed capacity of approximately 2,10,000 metric tons (MT) per annum. The Company’s primary product, sponge iron, is a pre-reduced ferrous material and is preferred to most other materials in place of steel scrap by secondary steel producers operating induction and electric arc furnaces for producing long products for meeting the demand of the construction and infrastructure sectors. Sponge iron produced is used as a mix raw material for producing ingots. The firm's plant is located in Umesh Nagar, Chandil, District Saraikela Kharsawan, Jharkhand.
Bihar Sponge Iron Ltd (500058.BO) Chart
Financial Metrics & Statements of Bihar Sponge Iron Ltd (500058.BO)
FAQ's for Bihar Sponge Iron Ltd (500058.BO)
- As of August 2026, Bihar Sponge Iron Ltd 500058.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Bihar Sponge Iron Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Bihar Sponge Iron Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Bihar Sponge Iron Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Bihar Sponge Iron Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Bihar Sponge Iron Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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