Is Ashiana Ispat Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ashiana Ispat Ltd (513401.BO) is currently classified as NOT HALAL as of April 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 Ashiana Ispat 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 Ashiana Ispat Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ashiana Ispat Ltd?

Muslim investors may consider investing in Ashiana Ispat 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 Ashiana Ispat Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Ashiana Ispat 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 Ashiana Ispat Ltd updated?

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

Can a halal stock like Ashiana Ispat 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 Ashiana Ispat Ltd?

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

Ashiana Ispat Ltd 513401.BO

₹18.70 ₹0.58 (3.01%) 1D

Last Updated: May 11, 12:00 AM·BSE

513401.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 13, 2024

Report Source: 2024 3rd Quarter Report

Ashiana Ispat Ltd. Stock Analysis 513401.BO

India Materials Nano Cap Report: Q3, 2024

Ashiana Ispat Ltd. engages in the manufacture of steel products for domestic construction, engineering, automotive and infrastructure sectors. The company is headquartered in Alwar, Rajasthan. The firm is primarily engaged in the manufacturing of steel thermo-mechanically treated (TMT) bars used in the construction and infrastructure sectors. The company is involved in the manufacturing of high-tech and high value-added steel for domestic construction, engineering, automotive and infrastructure sectors. Its products include KAMDHENU NXT and KAY2XENOX. The firm provides turbo TMT bars ranging from 8 millimeters to 32 millimeters in diameter, coming in ferrous material (Fe)-415, Fe-500, and Fe-550 grades. The bars are manufactured at the Company's plant located in Bhiwadi, Rajasthan. The firm's manufacturing process involves raw material, melt, refining, bottom pour, strand cast, rolling, thermal treatment, surface inspection, cut off, identification, final inspection, metallurgical lab, and ship. The firm offers its products through a network of dealers and distributors.

Key Statistics of Ashiana Ispat Ltd (513401.BO)

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

Today's Range

₹18.70₹19.28

Today's Open

₹19.28

Volume

8741.00

P/E Ratio (TTM)

52 Week Range

₹18.08₹30.05

Market Cap

182.91M

Avg. Volume

12.25K

Dividend Yield

Financial Metrics & Statements of Ashiana Ispat Ltd (513401.BO)

FAQ's for Ashiana Ispat Ltd (513401.BO)

According to Musaffa’s Shariah screening methodology, Ashiana Ispat Ltd (513401.BO) is currently classified as NOT HALAL as of April 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.