Nitin Castings Ltd 508875.BO
₹439.00 ₹20.90 (5.00%) 1D
Last Updated: Oct 16, 12:00 AM·BSE
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Is Nitin Castings Ltd Stock Halal?
Shariah Compliance Analysis of 508875.BO Stock
India Materials Nano Cap Yes. As of October 2026, Nitin Castings Ltd (508875.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nitin Castings Ltd passes Musaffa's business and financial screening criteria.
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.
508875.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Nitin Castings Ltd is classified as halal.
HALALNitin Castings Ltd (508875.BO) Chart
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Financial Metrics & Statements of Nitin Castings Ltd (508875.BO)
FAQ's for Nitin Castings Ltd (508875.BO)
- As of October 2026, Nitin Castings Ltd 508875.BO is classified as 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 Nitin Castings Ltd using these criteria to determine its compliance status.
- 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.
- 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.
- The Shariah compliance status of Nitin Castings 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 Nitin Castings Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Nitin Castings Ltd (508875.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
