Is Coastal Roadways Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Coastal Roadways Ltd (520131.BO) is currently classified as NOT HALAL as of March 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 Coastal Roadways 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 Coastal Roadways Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Coastal Roadways Ltd?

Muslim investors may consider investing in Coastal Roadways 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 Coastal Roadways Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Coastal Roadways 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 Coastal Roadways Ltd updated?

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

Can a halal stock like Coastal Roadways 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 Coastal Roadways Ltd?

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

Coastal Roadways Ltd 520131.BO

₹33.30

Last Updated: May 15, 12:00 AM·BSE

520131.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 28, 2024

Report Source: 2024 3rd Quarter Report

Coastal Roadways Ltd. Stock Analysis 520131.BO

India Industrials Nano Cap Report: Q3, 2024

Coastal Roadways Ltd. engages in the provision of logistics and transport services. The company is headquartered in Kolkata, West Bengal. The Company’s principal business is road transportation of goods. The firm operates through two segments: Freight Division and Supply Chain Solutions Division. The firm's services include total logistics solutions, full truckload, part loads, containerized vehicles, over-dimensional cargo, warehousing, multimodal transportation, carrying and forwarding (C & F) facility and end-to-end solutions. The company offers a comprehensive solution for its select clients starting from procurement of raw material and packing material to delivery of the final product to end consumers. The company provides customized solutions by integrating all the four stages such as procurement, primary movement, depot management and secondary distribution. The company carries the consignments in containers, switching from road to train to ship.

Key Statistics of Coastal Roadways Ltd (520131.BO)

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

Today's Range

₹33.30₹33.30

Today's Open

₹33.30

Volume

100.00

P/E Ratio (TTM)

10.46

52 Week Range

₹25.10₹42.89

Market Cap

109.01M

Avg. Volume

300.00

Dividend Yield

Financial Metrics & Statements of Coastal Roadways Ltd (520131.BO)

FAQ's for Coastal Roadways Ltd (520131.BO)

According to Musaffa’s Shariah screening methodology, Coastal Roadways Ltd (520131.BO) is currently classified as NOT HALAL as of March 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.