Is Rishabh Digha Steel and Allied Products Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Rishabh Digha Steel and Allied Products Ltd (531539.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 Rishabh Digha Steel and Allied Products 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 Rishabh Digha Steel and Allied Products Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Rishabh Digha Steel and Allied Products Ltd?

Muslim investors may consider investing in Rishabh Digha Steel and Allied Products 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 Rishabh Digha Steel and Allied Products Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Rishabh Digha Steel and Allied Products 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 Rishabh Digha Steel and Allied Products Ltd updated?

The Shariah compliance status of Rishabh Digha Steel and Allied Products Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Rishabh Digha Steel and Allied Products 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 Rishabh Digha Steel and Allied Products Ltd?

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

Rishabh Digha Steel and Allied Products Ltd 531539.BO

₹36.00 ₹0.50 (1.37%) 1D

Last Updated: May 11, 12:00 AM·BSE

531539.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 11, 2022

Report Source: 2022 1st Quarter Report

Rishabh Digha Steel and Allied Products Ltd. Stock Analysis 531539.BO

India Materials Nano Cap Report: Q1, 2022

Rishabh Digha Steel & Allied Products Ltd. engages in steel processing business. The company is headquartered in Mumbai, Maharashtra. The Company’s core processing service include hot rolled (HR)/ cold rolled (CR) straightening and de-coiling. The firm is also engaged in the cutting of 16 mm (millimeter) steel sheets. Its 5,430 square meters (approx. 60,000 square feet) of industrial shed of plant has a capacity of processing and storage capability of approximately 20,000 metric tons per month.

Key Statistics of Rishabh Digha Steel and Allied Products Ltd (531539.BO)

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

Today's Range

₹35.89₹36.50

Today's Open

₹36.50

Volume

10.15K

P/E Ratio (TTM)

254.33

52 Week Range

₹28.50₹64.99

Market Cap

192.70M

Avg. Volume

976.44

Dividend Yield

Financial Metrics & Statements of Rishabh Digha Steel and Allied Products Ltd (531539.BO)

FAQ's for Rishabh Digha Steel and Allied Products Ltd (531539.BO)

According to Musaffa’s Shariah screening methodology, Rishabh Digha Steel and Allied Products Ltd (531539.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.