Is Hisar Spinning Mills Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Hisar Spinning Mills Ltd (521068.BO) is currently classified as NOT HALAL as of November 2022. 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 Hisar Spinning Mills 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 Hisar Spinning Mills Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Hisar Spinning Mills Ltd?

Muslim investors may consider investing in Hisar Spinning 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.

Why is Hisar Spinning Mills Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Hisar Spinning Mills 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 Hisar Spinning Mills Ltd updated?

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

Can a halal stock like Hisar Spinning Mills 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 Hisar Spinning Mills Ltd?

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

Hisar Spinning Mills Ltd 521068.BO

₹48.80

Last Updated: May 14, 12:00 AM·BSE

521068.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 12, 2022

Report Source: 2022 1st Quarter Report

Hisar Spinning Mills Ltd. Stock Analysis 521068.BO

India Consumer Discretionary Nano Cap Report: Q1, 2022

Hisar Spinning Mills Ltd. engages in the manufacture and sale of yarn. The firm is engaged in business of manufacturing and sale of cotton blended yarn. The company operates in yarn business segment. The firm has installed Open End machines with double sided frame with 224 rotors each, totaling 672 rotors along with Ring Doublers for the manufacture of cotton yarn with an installed capacity of 2,200 metric tons. The firm's plant is located at Hisar Bhiwani Road, Village Post Office (V.P.O) Dabra, Haryana.

Key Statistics of Hisar Spinning Mills Ltd (521068.BO)

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

Today's Range

₹48.80₹48.80

Today's Open

₹48.80

Volume

100.00

P/E Ratio (TTM)

6.27

52 Week Range

₹40.80₹67.13

Market Cap

202.71M

Avg. Volume

737.50

Dividend Yield

Financial Metrics & Statements of Hisar Spinning Mills Ltd (521068.BO)

FAQ's for Hisar Spinning Mills Ltd (521068.BO)

According to Musaffa’s Shariah screening methodology, Hisar Spinning Mills Ltd (521068.BO) is currently classified as NOT HALAL as of November 2022. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.