Is Paramount Cosmetics (India) Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Paramount Cosmetics (India) Ltd (507970.BO) is currently classified as NOT HALAL as of November 2022. 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 Paramount Cosmetics (India) 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 Paramount Cosmetics (India) Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Paramount Cosmetics (India) Ltd?

Muslim investors may consider investing in Paramount Cosmetics (India) 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 Paramount Cosmetics (India) Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Paramount Cosmetics (India) 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 Paramount Cosmetics (India) Ltd updated?

The Shariah compliance status of Paramount Cosmetics (India) Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Paramount Cosmetics (India) 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 Paramount Cosmetics (India) Ltd?

You can check the latest Shariah compliance status of Paramount Cosmetics (India) Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Paramount Cosmetics (India) Ltd 507970.BO

₹36.06 ₹0.04 (0.11%) 1D

Last Updated: May 15, 12:00 AM·BSE

507970.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 11, 2022

Report Source: 2022 1st Quarter Report

Paramount Cosmetics (India) Ltd. Stock Analysis 507970.BO

India Consumer Staples Nano Cap Report: Q1, 2022

Paramount Cosmetics (India) Ltd. engages in the manufacture of cosmetic products. The firm is engaged in the manufacture of cosmetics like bindi, kunkum, kajal, and other products under its brand name of Shilpa. The company offers a range of premium cosmetic products under the brand KROMME. The firm has manufacturing facilities in Schoolagiri, Tamilnadu, and sells primarily in India.

Key Statistics of Paramount Cosmetics (India) Ltd (507970.BO)

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

Today's Range

₹36.01₹39.62

Today's Open

₹36.02

Volume

1837.00

P/E Ratio (TTM)

598.47

52 Week Range

₹33.15₹48.99

Market Cap

175.05M

Avg. Volume

595.15

Dividend Yield

Financial Metrics & Statements of Paramount Cosmetics (India) Ltd (507970.BO)

FAQ's for Paramount Cosmetics (India) Ltd (507970.BO)

According to Musaffa’s Shariah screening methodology, Paramount Cosmetics (India) Ltd (507970.BO) is currently classified as NOT HALAL as of November 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.