Is Scan Steels Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Scan Steels Ltd (511672.BO) is currently classified as NOT HALAL as of January 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 Scan Steels 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 Scan Steels Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Scan Steels Ltd?

Muslim investors may consider investing in Scan Steels 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 Scan Steels Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Scan Steels 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 Scan Steels Ltd updated?

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

Can a halal stock like Scan Steels 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 Scan Steels Ltd?

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

Scan Steels Ltd 511672.BO

₹36.86 ₹2.51 (6.38%) 1D

Last Updated: May 15, 12:00 AM·BSE

511672.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 08, 2026

Report Source: 2026 2nd Quarter Report

Scan Steels Ltd. Stock Analysis 511672.BO

India Materials Nano Cap Report: Q2, 2026

Scan Steels Ltd. engages in the manufacture of steel. The firm is engaged in the manufacturing of thermomechanical treatment (TMT) rods, sponge iron, MS billets, and ingots, as well as generating power for captive consumption. The firm has a range of rolled steel TMT products which ranges from 8mm to 32mm under the brand SHRISHTII TMT. Under the Shrishti brand, the Company also has its product, SHRISHTII ROOFING, used for warehousing sheet and parking shed. The firm is a manufacturer of the SHRISHTII brand of roofing sheets which is marketed in Odisha through a dealer network. The company manufactures structures, such as flats, angles, square bars, channels, round-plain rods. The company also manufactures fly ash bricks.

Key Statistics of Scan Steels Ltd (511672.BO)

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

Today's Range

₹36.21₹39.37

Today's Open

₹39.37

Volume

14.53K

P/E Ratio (TTM)

9.26

52 Week Range

₹24.40₹48.50

Market Cap

1.95B

Avg. Volume

22.39K

Dividend Yield

Financial Metrics & Statements of Scan Steels Ltd (511672.BO)

FAQ's for Scan Steels Ltd (511672.BO)

According to Musaffa’s Shariah screening methodology, Scan Steels Ltd (511672.BO) is currently classified as NOT HALAL as of January 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.