No. As of October 2026, South India Paper Mills Ltd (516108.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. South India Paper Mills Ltd does not pass Musaffa's business and financial screening criteria.
The South India Paper Mills Ltd. engages in the manufacture and distribution of paper and paper products. The company is headquartered in Bangalore, Karnataka and currently employs 341 full-time employees. The firm's product range comprises corrugating case raw materials - kraft liner substitutes, test liners, white kraft liners, fluting grades, fluting and test liner and some special application grades for packaging. Paper substance ranges between approximately 70 grams per square meter (GSM) to 400 GSM with strength ranging between 14 bursting factor (BF) and 35 BF. The firm is equipped to produce boxes and shelf ready packaging with four color flexographic process printing in die cut or regular slotted designs. Its paper plant is located approximately 150 kilometers from Bangalore near Nanjangud in Karnataka state. The current capacity is approximately 200 metric tons/day.
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South India Paper Mills Ltd 516108.BO
₹117.90 ₹1.80 (1.50%) 1D
Last Updated: Oct 16, 12:00 AM·BSE
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516108.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, South India Paper Mills Ltd is classified as not halal.
NOT HALAL
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FAQ's for South India Paper Mills Ltd (516108.BO)
As of October 2026, South India Paper Mills Ltd 516108.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 South India Paper Mills Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in South India Paper Mills 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 South India Paper Mills 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 South India Paper Mills 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 South India Paper Mills 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 South India Paper Mills Ltd (516108.BO)
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