Is Eastern Treads Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Eastern Treads Ltd (531346.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 Eastern Treads 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 Eastern Treads Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Eastern Treads Ltd?

Muslim investors may consider investing in Eastern Treads 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 Eastern Treads Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Eastern Treads 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 Eastern Treads Ltd updated?

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

Can a halal stock like Eastern Treads 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 Eastern Treads Ltd?

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

Eastern Treads Ltd 531346.BO

₹28.00

Last Updated: May 15, 12:00 AM·BSE

531346.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 13, 2022

Report Source: 2022 2nd Quarter Report

Eastern Treads Ltd. Stock Analysis 531346.BO

India Consumer Discretionary Nano Cap Report: Q2, 2022

Eastern Treads Ltd. engages in the business of manufacturing and dealing in tread rubber, rubber-based adhesives, tyre retreading accessories and retreading services. The firm offers products, including Precured Tread Rubber, Conventional Tread Rubber, Bonding Gum, Black Vulcanizing Cement, and Tire Repair Patches. Its Precured Tread Rubber products category and patterns include truck bias, truck radial, truck mines, LCV patterns, car & auto patterns, and export patterns. The company is a supplier of quality treads across Asia, East Africa, the Middle East, and South America, guaranteeing a long tread-life across all terrain and weather conditions.

Key Statistics of Eastern Treads Ltd (531346.BO)

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

Today's Range

₹28.00₹28.00

Today's Open

₹28.00

Volume

16.00

P/E Ratio (TTM)

52 Week Range

₹25.04₹38.30

Market Cap

146.75M

Avg. Volume

1381.86

Dividend Yield

Financial Metrics & Statements of Eastern Treads Ltd (531346.BO)

FAQ's for Eastern Treads Ltd (531346.BO)

According to Musaffa’s Shariah screening methodology, Eastern Treads Ltd (531346.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.