Is Newtrac Foods & Beverages Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Newtrac Foods & Beverages Ltd (514060.BO) is currently classified as HALAL as of July 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 Newtrac Foods & Beverages 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 Newtrac Foods & Beverages Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Newtrac Foods & Beverages Ltd?

Muslim investors may consider investing in Newtrac Foods & Beverages 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 Newtrac Foods & Beverages Ltd classified as HALAL?

Musaffa determines the Shariah status of Newtrac Foods & Beverages 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 Newtrac Foods & Beverages Ltd updated?

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

Can a halal stock like Newtrac Foods & Beverages 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 Newtrac Foods & Beverages Ltd?

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

Newtrac Foods & Beverages Ltd 514060.BO

₹5.39 ₹0.12 (2.28%) 1D

Last Updated: May 15, 12:00 AM·BSE

514060.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 16, 2024

Report Source: 2024 Annual Report

Newtrac Foods & Beverages Ltd. Stock Analysis 514060.BO

India N/A Nano Cap Report: 2024 Annual

Newtrac Foods & Beverages Ltd. engages in trading of organic agriculture commodities. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2010-04-26. The firm operates offline and specializes in bulk trading with prominent regional merchants. Their core offerings include loose packaging of organic fennel seed, organic cumin (jeera), cotton, and turmeric. The firm operates through the trading of various commodities segments.

Key Statistics of Newtrac Foods & Beverages Ltd (514060.BO)

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

Today's Range

₹4.55₹5.52

Today's Open

₹5.27

Volume

28.96K

P/E Ratio (TTM)

5.61

52 Week Range

₹3.70₹12.18

Market Cap

100.95M

Avg. Volume

26.87K

Dividend Yield

Financial Metrics & Statements of Newtrac Foods & Beverages Ltd (514060.BO)

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FAQ's for Newtrac Foods & Beverages Ltd (514060.BO)

According to Musaffa’s Shariah screening methodology, Newtrac Foods & Beverages Ltd (514060.BO) is currently classified as HALAL as of July 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.