Is Sterling Powergensys Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sterling Powergensys Ltd (513575.BO) is currently classified as HALAL as of May 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 Sterling Powergensys 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 Sterling Powergensys Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sterling Powergensys Ltd?

Muslim investors may consider investing in Sterling Powergensys 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 Sterling Powergensys Ltd classified as HALAL?

Musaffa determines the Shariah status of Sterling Powergensys 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 Sterling Powergensys Ltd updated?

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

Can a halal stock like Sterling Powergensys 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 Sterling Powergensys Ltd?

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

Sterling Powergensys Ltd 513575.BO

₹33.50 ₹1.05 (3.24%) 1D

Last Updated: May 15, 12:00 AM·BSE

513575.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: May 29, 2024

Report Source: 2024 Annual Report

Sterling Powergensys Ltd. Stock Analysis 513575.BO

India Industrials Nano Cap Report: 2024 Annual

Sterling Powergensys Ltd. engages in the business of solar power plants. The firm is engaged in the business of manufacturing Industrial Boilers and Thermal Power Plants up to 10 megawatts (MW) and solar solutions, both in solar products and solar engineering, procurement and construction (EPC) projects. The firm operates in the manufacturing industrial boilers and thermal power plants business segment. The firm has green hydrogen projects located in Kolhapur / Palghar, Maharashtra and near Ahmedabad, Gujrat. The company specializes in waste heat recovery boilers and has over 600 boilers installed globally. The company provides module mounting solutions for solar power projects on an EPC basis and has executed around 75-80 MW of solar power projects. The firm also has an office in Dubai, with a Jebel Ali Free Trade Zone license, facilitating merchant exports of sugar, wheat, and rice to Sri Lanka, South and West Africa.

Key Statistics of Sterling Powergensys Ltd (513575.BO)

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

Today's Range

₹31.16₹33.90

Today's Open

₹32.45

Volume

7758.00

P/E Ratio (TTM)

95.21

52 Week Range

₹16.90₹45.29

Market Cap

111.48M

Avg. Volume

20.57K

Dividend Yield

Financial Metrics & Statements of Sterling Powergensys Ltd (513575.BO)

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FAQ's for Sterling Powergensys Ltd (513575.BO)

According to Musaffa’s Shariah screening methodology, Sterling Powergensys Ltd (513575.BO) is currently classified as HALAL as of May 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.