Is Premier Synthetics Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Premier Synthetics Ltd (509835.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 Premier Synthetics 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 Premier Synthetics Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Premier Synthetics Ltd?

Muslim investors may consider investing in Premier Synthetics 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 Premier Synthetics Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Premier Synthetics 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 Premier Synthetics Ltd updated?

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

Can a halal stock like Premier Synthetics 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 Premier Synthetics Ltd?

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

Premier Synthetics Ltd 509835.BO

₹16.10 ₹0.39 (2.37%) 1D

Last Updated: May 15, 12:00 AM·BSE

509835.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 10, 2022

Report Source: 2022 Annual Report

Premier Synthetics Ltd. Stock Analysis 509835.BO

India N/A Nano Cap Report: 2022 Annual

Premier Synthetics Ltd. engages in the business of manufacturing cotton yarn. The firm is engaged in the manufacturing of cotton yarn. The firm's segment is Textile. The firm has a complete spinning plant for manufacturing of corse count cotton yarn, which is used in the denim and towel industry. The annual capacity of the plant is approximately 5000 metric tons per annum. The Company’s customers include various denim manufacturing units such as Raymonds, Arvind, Jindal, ultra and other units located in Gujarat, Maharashtra and Rajasthan.

Key Statistics of Premier Synthetics Ltd (509835.BO)

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

Today's Range

₹14.01₹16.50

Today's Open

₹16.49

Volume

258.00

P/E Ratio (TTM)

5.07

52 Week Range

₹12.50₹28.50

Market Cap

67.16M

Avg. Volume

857.90

Dividend Yield

Financial Metrics & Statements of Premier Synthetics Ltd (509835.BO)

FAQ's for Premier Synthetics Ltd (509835.BO)

According to Musaffa’s Shariah screening methodology, Premier Synthetics Ltd (509835.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.