Southern Magnesium and Chemicals Ltd 513498.BO
₹79.99 ₹7.00 (8.05%) 1D
Last Updated: Sep 11, 12:00 AM·BSE
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Is Southern Magnesium and Chemicals Ltd Stock Halal?
Shariah Compliance Analysis of 513498.BO Stock
India N/A Nano Cap No. As of September 2026, Southern Magnesium and Chemicals Ltd (513498.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Southern Magnesium and Chemicals Ltd does not pass Musaffa's business and financial screening criteria.
Southern Magnesium & Chemicals Ltd. manufactures magnesium chips, turnings, granules, and powders. The firm is in the business of manufacturing magnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation. The firm produces magnesium turnings, chips, granules, powders and magnesium pieces. The firm produces its products as per its customers specifications and supplies to different industries.
513498.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Southern Magnesium and Chemicals Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Southern Magnesium and Chemicals Ltd (513498.BO) Chart
Financial Metrics & Statements of Southern Magnesium and Chemicals Ltd (513498.BO)
FAQ's for Southern Magnesium and Chemicals Ltd (513498.BO)
- As of September 2026, Southern Magnesium and Chemicals Ltd 513498.BO is classified as not 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 Southern Magnesium and Chemicals Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Southern Magnesium and Chemicals 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 Southern Magnesium and Chemicals 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 Southern Magnesium and Chemicals 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 Southern Magnesium and Chemicals Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Southern Magnesium and Chemicals Ltd (513498.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
