Is Kandagiri Spinning Millis Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Kandagiri Spinning Millis Ltd (521242.BO) is currently classified as NOT HALAL as of December 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 Kandagiri Spinning Millis 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 Kandagiri Spinning Millis Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Kandagiri Spinning Millis Ltd?

Muslim investors may consider investing in Kandagiri Spinning Millis 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 Kandagiri Spinning Millis Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Kandagiri Spinning Millis 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 Kandagiri Spinning Millis Ltd updated?

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

Can a halal stock like Kandagiri Spinning Millis 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 Kandagiri Spinning Millis Ltd?

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

Kandagiri Spinning Millis Ltd 521242.BO

₹40.55

Last Updated: May 04, 12:00 AM·BSE

521242.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 10, 2024

Report Source: 2025 2nd Quarter Report

Kandagiri Spinning Millis Ltd. Stock Analysis 521242.BO

India Industrials Nano Cap Report: Q2, 2025

Kandagiri Spinning Mills Ltd. engages in the manufacture and sale of cotton yarn. The firm is principally engaged in the trading of cotton yarn and continues to lease out its immovable properties. The firm operates in a single segment, namely, yarn.

Key Statistics of Kandagiri Spinning Millis Ltd (521242.BO)

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

Today's Range

₹40.55₹40.55

Today's Open

₹40.55

Volume

11.87K

P/E Ratio (TTM)

52 Week Range

₹34.96₹51.72

Market Cap

164.54M

Avg. Volume

5951.00

Dividend Yield

Financial Metrics & Statements of Kandagiri Spinning Millis Ltd (521242.BO)

FAQ's for Kandagiri Spinning Millis Ltd (521242.BO)

According to Musaffa’s Shariah screening methodology, Kandagiri Spinning Millis Ltd (521242.BO) is currently classified as NOT HALAL as of December 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.