Is Miven Machine Tools Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Miven Machine Tools Ltd (522036.BO) is currently classified as DOUBTFUL as of July 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 Miven Machine Tools 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 Miven Machine Tools Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Miven Machine Tools Ltd?

Muslim investors may consider investing in Miven Machine Tools 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 Miven Machine Tools Ltd classified as DOUBTFUL?

Musaffa determines the Shariah status of Miven Machine Tools 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 Miven Machine Tools Ltd updated?

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

Can a halal stock like Miven Machine Tools 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 Miven Machine Tools Ltd?

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

Miven Machine Tools Ltd 522036.BO

₹87.99 ₹2.00 (2.22%) 1D

Last Updated: May 15, 12:00 AM·BSE

522036.BO Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: July 24, 2024

Report Source: 2024 Annual Report

Miven Machine Tools Ltd. Stock Analysis 522036.BO

India N/A Nano Cap Report: 2024 Annual

Miven Machine Tools Ltd. engages in the manufacture and sale of computer numerical control (CNC) turning machine. The company is headquartered in Hubli, Karnataka. The firm's business segment is Metal Cutting, Grinding and Ancillary machines. The firm's product line includes universal CNC turning machines, CNC chucker machines, small CNC machines and special-purpose CNC machines. The turning diameter of its products ranges from 150 millimeters to 610 mm, approximately six to 24 inches. The firm's products include the Ultra Series, WSU 40 Series, Chucker Series, Venus 250 Series, GL 160/200 Series and Universal Series. The turning length of its products varies from 500 millimeters to 3,000 millimeters. Its plant is located at Tarihal Industrial Area, Tarihal, Hubli in Karnataka, India. The firm's plant is spread over approximately 21 acres with over 32,000 square feet of office and manufacturing space.

Key Statistics of Miven Machine Tools Ltd (522036.BO)

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

Today's Range

₹87.99₹89.99

Today's Open

₹89.99

Volume

45.00

P/E Ratio (TTM)

52 Week Range

₹58.90₹96.57

Market Cap

197.21M

Avg. Volume

76.25

Dividend Yield

Financial Metrics & Statements of Miven Machine Tools Ltd (522036.BO)

FAQ's for Miven Machine Tools Ltd (522036.BO)

According to Musaffa’s Shariah screening methodology, Miven Machine Tools Ltd (522036.BO) is currently classified as DOUBTFUL as of July 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.