Is Southern Magnesium and Chemicals Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Southern Magnesium and Chemicals Ltd (513498.BO) is currently classified as NOT HALAL as of February 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 Southern Magnesium and Chemicals 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 Southern Magnesium and Chemicals Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Southern Magnesium and Chemicals Ltd?

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.

Why is Southern Magnesium and Chemicals Ltd classified as NOT HALAL?

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.

How often is the Shariah compliance for Southern Magnesium and Chemicals Ltd updated?

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.

Can a halal stock like Southern Magnesium and Chemicals 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 Southern Magnesium and Chemicals Ltd?

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.

Southern Magnesium and Chemicals Ltd 513498.BO

₹84.61 ₹0.04 (0.05%) 1D

Last Updated: May 15, 12:00 AM·BSE

513498.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 03, 2026

Report Source: 2026 2nd Quarter Report

Southern Magnesium and Chemicals Ltd. Stock Analysis 513498.BO

India N/A Nano Cap Report: Q2, 2026

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.

Key Statistics of Southern Magnesium and Chemicals Ltd (513498.BO)

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

Today's Range

₹84.61₹84.65

Today's Open

₹84.65

Volume

100.00

P/E Ratio (TTM)

7.94

52 Week Range

₹61.15₹185.00

Market Cap

234.99M

Avg. Volume

1617.64

Dividend Yield

Financial Metrics & Statements of Southern Magnesium and Chemicals Ltd (513498.BO)

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FAQ's for Southern Magnesium and Chemicals Ltd (513498.BO)

According to Musaffa’s Shariah screening methodology, Southern Magnesium and Chemicals Ltd (513498.BO) is currently classified as NOT HALAL as of February 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.