Is Garware Marine Industries Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Garware Marine Industries Ltd (509563.BO) is currently classified as NOT HALAL as of March 2024. 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 Garware Marine Industries 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 Garware Marine Industries Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Garware Marine Industries Ltd?

Muslim investors may consider investing in Garware Marine Industries 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 Garware Marine Industries Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Garware Marine Industries 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 Garware Marine Industries Ltd updated?

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

Can a halal stock like Garware Marine Industries 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 Garware Marine Industries Ltd?

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

Garware Marine Industries Ltd 509563.BO

₹23.03 ₹0.25 (1.07%) 1D

Last Updated: May 15, 12:00 AM·BSE

509563.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 12, 2024

Report Source: 2024 1st Quarter Report

Garware Marine Industries Ltd. Stock Analysis 509563.BO

India Industrials Nano Cap Report: Q1, 2024

Garware Marine Industries Ltd. engages in the provision of ship repair services. The company is headquartered in Mumbai, Maharashtra. The firm's primary activity entails the repair of different type of seagoing vessels. Its ship repairing services include pump overhauls, engine overhaul/repairs, hydraulic repairs, gear box repair, pipeline and other marine fabrication jobs. The company also assists original equipment manufacturer (OEM) engineers in carrying out major day dockings, shaft removal and renewal, propeller hub overhaul, bow thruster, and stern thruster overhauls.

Key Statistics of Garware Marine Industries Ltd (509563.BO)

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

Today's Range

₹22.54₹24.00

Today's Open

₹23.28

Volume

2645.00

P/E Ratio (TTM)

31.01

52 Week Range

₹18.32₹36.50

Market Cap

139.29M

Avg. Volume

7271.95

Dividend Yield

Financial Metrics & Statements of Garware Marine Industries Ltd (509563.BO)

FAQ's for Garware Marine Industries Ltd (509563.BO)

According to Musaffa’s Shariah screening methodology, Garware Marine Industries Ltd (509563.BO) is currently classified as NOT HALAL as of March 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.