Garg Furnace Ltd 530615.BO
₹195.55 ₹19.55 (11.11%) 1D
Last Updated: Sep 15, 12:00 AM·BSE
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Is Garg Furnace Ltd Stock Halal?
Shariah Compliance Analysis of 530615.BO Stock
India Materials Nano Cap Yes. As of September 2026, Garg Furnace Ltd (530615.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Garg Furnace Ltd passes Musaffa's business and financial screening criteria.
Garg Furnace Ltd. engages in the manufacture and sale of alloy and non-alloy steel products. The company is headquartered in Ludhiana, Punjab and currently employs 69 full-time employees. The company went IPO on 2003-11-05. The Company’s furnace division manufactures steel billets and ingots. The company offers billets in various sizes, such as 80 x 80 square millimeter (sq.mm), 100 x 100 sq.mm, 125 x 125 sq.mm, and 150 x 150 sq.mm. In its rolling division, alloy and non-alloy round steel bar/square bars of different sizes are manufactured.
530615.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Garg Furnace Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
Garg Furnace Ltd (530615.BO) Chart
Financial Metrics & Statements of Garg Furnace Ltd (530615.BO)
FAQ's for Garg Furnace Ltd (530615.BO)
- As of September 2026, Garg Furnace Ltd 530615.BO is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Garg Furnace Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Garg Furnace 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.
- Musaffa determines the Shariah status of Garg Furnace Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Garg Furnace Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Garg Furnace Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Garg Furnace Ltd (530615.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
