Is Magna Electro Castings Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Magna Electro Castings Ltd (517449.BO) is currently classified as HALAL as of March 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 Magna Electro Castings 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 Magna Electro Castings Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Magna Electro Castings Ltd?

Muslim investors may consider investing in Magna Electro Castings 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 Magna Electro Castings Ltd classified as HALAL?

Musaffa determines the Shariah status of Magna Electro Castings 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 Magna Electro Castings Ltd updated?

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

Can a halal stock like Magna Electro Castings 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 Magna Electro Castings Ltd?

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

Magna Electro Castings Ltd 517449.BO

₹1,179.50 ₹20.40 (1.70%) 1D

Last Updated: May 15, 12:00 AM·BSE

517449.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: March 10, 2026

Report Source: 2026 3rd Quarter Report

Magna Electro Castings Ltd. Stock Analysis 517449.BO

India Materials Nano Cap Report: Q3, 2026

Magna Electro Castings Ltd. engages in the manufacture and supply of cast iron components. The firm is engaged in the manufacture and sale of SG ductile iron and gray iron castings. The firm caters to both domestic and international markets.

Key Statistics of Magna Electro Castings Ltd (517449.BO)

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

Today's Range

₹1,130.00₹1,199.90

Today's Open

₹1,199.90

Volume

791.00

P/E Ratio (TTM)

21.19

52 Week Range

₹706.00₹1,375.00

Market Cap

3.86B

Avg. Volume

1850.05

Dividend Yield

0.52%

Financial Metrics & Statements of Magna Electro Castings Ltd (517449.BO)

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FAQ's for Magna Electro Castings Ltd (517449.BO)

According to Musaffa’s Shariah screening methodology, Magna Electro Castings Ltd (517449.BO) is currently classified as HALAL as of March 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.