Is Sreechem Resins Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sreechem Resins Ltd (514248.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 Sreechem Resins 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 Sreechem Resins Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sreechem Resins Ltd?

Muslim investors may consider investing in Sreechem Resins 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 Sreechem Resins Ltd classified as HALAL?

Musaffa determines the Shariah status of Sreechem Resins 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 Sreechem Resins Ltd updated?

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

Can a halal stock like Sreechem Resins 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 Sreechem Resins Ltd?

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

Sreechem Resins Ltd 514248.BO

₹38.06 ₹3.56 (10.32%) 1D

Last Updated: May 14, 12:00 AM·BSE

514248.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 17, 2024

Report Source: 2024 Annual Report

Sreechem Resins Ltd. Stock Analysis 514248.BO

India N/A Nano Cap Report: 2024 Annual

Sreechem Resins Ltd. engages in the manufacture of Phenol base resins and derivatives. The company employs 73 full-time employees The firm is principally engaged in the production of resins at its plants in Jhagarpur (Rajgangpur) and Raigarh. The company manufactures the maximum number of synthetic PF resins, including Novolak resin and Resol resin, both in liquid and powder form. The firm is also a manufacturer of specialty chemicals, phenolic refractory and resins, and continuous casting refractory.

Key Statistics of Sreechem Resins Ltd (514248.BO)

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

Today's Range

₹34.50₹38.06

Today's Open

₹34.50

Volume

200.00

P/E Ratio (TTM)

52 Week Range

₹28.30₹51.50

Market Cap

151.77M

Avg. Volume

3525.00

Dividend Yield

Financial Metrics & Statements of Sreechem Resins Ltd (514248.BO)

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FAQ's for Sreechem Resins Ltd (514248.BO)

According to Musaffa’s Shariah screening methodology, Sreechem Resins Ltd (514248.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.