Is Nitin Castings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Nitin Castings Ltd (508875.BO) is currently classified as HALAL as of March 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 Nitin Castings 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 Nitin Castings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Nitin Castings Ltd?

Muslim investors may consider investing in Nitin Castings 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 Nitin Castings Ltd classified as HALAL?

Musaffa determines the Shariah status of Nitin Castings 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 Nitin Castings Ltd updated?

The Shariah compliance status of Nitin Castings Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Nitin Castings 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 Nitin Castings Ltd?

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

Nitin Castings Ltd 508875.BO

₹560.00

Last Updated: May 14, 12:00 AM·BSE

508875.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: March 16, 2026

Report Source: 2026 3rd Quarter Report

Nitin Castings Ltd. Stock Analysis 508875.BO

India Materials Nano Cap Report: Q3, 2026

Nitin Castings Ltd. engages in the manufacture of alloy steel castings. The company is headquartered in Thane, Maharashtra and currently employs 149 full-time employees. The company went IPO on 2007-04-20. The Company’s processes include centrifugal castings, sand castings, shell molded castings, and investment castings. The centrifugal castings division offers a range of centrifugal casting solutions to meet diverse industrial needs. Its centrifugal casting processes include horizontal centrifugal casting and vertical centrifugal casting. The company has a capability to produce castings ranging from five grams up to three metric tons in a single piece. The company provides ready-to-fit components for a range of industries. The firm serves various industries, including petrochemicals and oil refineries, fertilizers, steel plants, cement plants, industrial furnaces, decanter machines, and general engineering. The company produces high-performance castings for industrial furnaces, designed to endure extreme temperatures and harsh operational conditions.

Key Statistics of Nitin Castings Ltd (508875.BO)

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

Today's Range

₹560.00₹560.00

Today's Open

₹560.00

Volume

1.00

P/E Ratio (TTM)

21.99

52 Week Range

₹432.00₹745.00

Market Cap

2.97B

Avg. Volume

81.17

Dividend Yield

1.13%

Financial Metrics & Statements of Nitin Castings Ltd (508875.BO)

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FAQ's for Nitin Castings Ltd (508875.BO)

According to Musaffa’s Shariah screening methodology, Nitin Castings Ltd (508875.BO) is currently classified as HALAL as of March 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.