Is Vikas Proppant & Granite Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Vikas Proppant & Granite Ltd (531518.BO) is currently classified as NOT HALAL as of December 2023. 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 Vikas Proppant & Granite 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 Vikas Proppant & Granite Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Vikas Proppant & Granite Ltd?

Muslim investors may consider investing in Vikas Proppant & Granite 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 Vikas Proppant & Granite Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Vikas Proppant & Granite 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 Vikas Proppant & Granite Ltd updated?

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

Can a halal stock like Vikas Proppant & Granite 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 Vikas Proppant & Granite Ltd?

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

Vikas Proppant & Granite Ltd 531518.BO

₹0.29 ₹0.01 (3.33%) 1D

Last Updated: May 15, 12:00 AM·BSE

531518.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 14, 2023

Report Source: 2021 Annual Report

Vikas Proppant & Granite Ltd. Stock Analysis 531518.BO

India Materials Nano Cap Report: 2021 Annual

Vikas Proppant & Granite Ltd. engages in the manufacturing of guar gum and its derivatives. The company is headquartered in Ganganagar, Rajasthan. The company went IPO on 2000-01-24. The firm is engaged in manufacturing proppants out of wastes/scraps of the granite that are mined from the mines at Kaparda District Jodhpur. The firm is also focused on diversifying its business into the real estate sector and construction sector as well.

Key Statistics of Vikas Proppant & Granite Ltd (531518.BO)

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

Today's Range

₹0.28₹0.30

Today's Open

₹0.30

Volume

392.51K

P/E Ratio (TTM)

52 Week Range

₹0.27₹0.41

Market Cap

154.64M

Avg. Volume

222.69K

Dividend Yield

Financial Metrics & Statements of Vikas Proppant & Granite Ltd (531518.BO)

Community-Curated Collections with Vikas Proppant & Granite Ltd (531518.BO) ( With 531518.BO )

View All

Community-Curated Collections are thoughtfully selected groups of stocks or assets, curated by investors and experts based on shared themes, values, or investment strategies.

AUG 2024 HOLDINGS

By Sabira Salih

9 Followers

+46 more

FAQ's for Vikas Proppant & Granite Ltd (531518.BO)

According to Musaffa’s Shariah screening methodology, Vikas Proppant & Granite Ltd (531518.BO) is currently classified as NOT HALAL as of December 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.