Is Interstate Oil Carrier Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Interstate Oil Carrier Ltd (530259.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 Interstate Oil Carrier 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 Interstate Oil Carrier Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Interstate Oil Carrier Ltd?

Muslim investors may consider investing in Interstate Oil Carrier 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 Interstate Oil Carrier Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Interstate Oil Carrier 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 Interstate Oil Carrier Ltd updated?

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

Can a halal stock like Interstate Oil Carrier 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 Interstate Oil Carrier Ltd?

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

Interstate Oil Carrier Ltd 530259.BO

₹31.50 ₹0.50 (1.61%) 1D

Last Updated: May 15, 12:00 AM·BSE

530259.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 10, 2022

Report Source: 2022 1st Quarter Report

Interstate Oil Carrier Ltd. Stock Analysis 530259.BO

India Industrials Nano Cap Report: Q1, 2022

Inter State Oil Carrier Ltd. engages in the provision road transport services by tank, trucks, or semi-trailers. The Company’s bulk liquid carrier fleet includes single and multi-compartment tankers, Stainless steel (SS) Tankers, and integrated tanker trailers. The company covers various zones like East-North-East, West-North-West, West-East-West, East-South-East, and South-West-South. The Company’s two operating segments include Transportation Activities and Investing in Shares & Securities Activities. The company specializes in transportation of Methanol, Acetic Acid, Acetone, Formalin, Linear Alkylbenzene, Acid Slurry, Mixed Xylene, Solvents, Naptha, Exxsol D-8, Exxsol KD-80, Phenol, C-9, C10, Chryso AMA, Bentone SP Oil, Cyclopentane, MEK, Butyl Acetate, MIBK, Sodium Silicate, Bio-Diesel, Toluene, Emulsion, and N-Butanol. The company has its camp offices at Haldia, Chennai, Hazira, Mumbai, Kandla, Vadodara, Namrup and Paradeep.

Key Statistics of Interstate Oil Carrier Ltd (530259.BO)

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

Today's Range

₹31.00₹33.98

Today's Open

₹31.00

Volume

3322.00

P/E Ratio (TTM)

14.84

52 Week Range

₹28.00₹54.25

Market Cap

162.05M

Avg. Volume

2969.68

Dividend Yield

Financial Metrics & Statements of Interstate Oil Carrier Ltd (530259.BO)

FAQ's for Interstate Oil Carrier Ltd (530259.BO)

According to Musaffa’s Shariah screening methodology, Interstate Oil Carrier Ltd (530259.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.