Is Bihar Sponge Iron Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Bihar Sponge Iron Ltd (500058.BO) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Bihar Sponge Iron Ltd a Shariah-compliant stock?

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.

Can Muslims buy shares of Bihar Sponge Iron Ltd?

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.

Why is Bihar Sponge Iron Ltd classified as NOT HALAL?

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.

How often is the Shariah compliance for Bihar Sponge Iron Ltd updated?

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.

Can a halal stock like Bihar Sponge Iron Ltd become non-compliant?

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.

Where can I check the Shariah status of Bihar Sponge Iron Ltd?

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.

Bihar Sponge Iron Ltd 500058.BO

₹13.95 ₹0.25 (1.76%) 1D

Last Updated: May 15, 12:00 AM·BSE

500058.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 17, 2026

Report Source: 2026 2nd Quarter Report

Bihar Sponge Iron Ltd. Stock Analysis 500058.BO

India Materials Nano Cap Report: Q2, 2026

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.

Key Statistics of Bihar Sponge Iron Ltd (500058.BO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹13.51₹14.25

Today's Open

₹14.20

Volume

10.86K

P/E Ratio (TTM)

12.40

52 Week Range

₹9.15₹19.65

Market Cap

1.29B

Avg. Volume

41.23K

Dividend Yield

Financial Metrics & Statements of Bihar Sponge Iron Ltd (500058.BO)

FAQ's for Bihar Sponge Iron Ltd (500058.BO)

According to Musaffa’s Shariah screening methodology, Bihar Sponge Iron Ltd (500058.BO) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.