Is Sumeru Industries Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sumeru Industries Ltd (530445.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 Sumeru Industries 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 Sumeru Industries Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sumeru Industries Ltd?

Muslim investors may consider investing in Sumeru Industries 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 Sumeru Industries Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Sumeru Industries 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 Sumeru Industries Ltd updated?

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

Can a halal stock like Sumeru Industries 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 Sumeru Industries Ltd?

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

Sumeru Industries Ltd 530445.BO

₹1.70 ₹0.05 (2.86%) 1D

Last Updated: May 15, 12:00 AM·BSE

530445.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 12, 2022

Report Source: 2022 1st Quarter Report

Sumeru Industries Ltd. Stock Analysis 530445.BO

India Industrials Nano Cap Report: Q1, 2022

Sumeru Industries Ltd. engages in the trading of cotton fabric. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2005-08-22. The firm is engaged in the consultancy services business. The firm is operating through providing management consultancy services.

Key Statistics of Sumeru Industries Ltd (530445.BO)

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

Today's Range

₹1.70₹1.85

Today's Open

₹1.75

Volume

10.47K

P/E Ratio (TTM)

132.75

52 Week Range

₹1.32₹2.77

Market Cap

124.03M

Avg. Volume

19.16K

Dividend Yield

Financial Metrics & Statements of Sumeru Industries Ltd (530445.BO)

FAQ's for Sumeru Industries Ltd (530445.BO)

According to Musaffa’s Shariah screening methodology, Sumeru Industries Ltd (530445.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.