Is Monind Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Monind Ltd (532078.BO) is currently classified as NOT HALAL as of December 2024. 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 Monind 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 Monind Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Monind Ltd?

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

Musaffa determines the Shariah status of Monind 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 Monind Ltd updated?

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

Can a halal stock like Monind 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 Monind Ltd?

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

Monind Ltd 532078.BO

₹30.23

Last Updated: Apr 17, 12:00 AM·BSE

532078.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: December 04, 2024

Report Source: 2025 2nd Quarter Report

Monind Ltd. Stock Analysis 532078.BO

India Materials Nano Cap Report: Q2, 2025

Monind Ltd. engages in the manufacture of iron and steel. The company is headquartered in Raipur, Madhya Pradesh and currently employs 3 full-time employees. The company went IPO on 2006-04-28. The firm is engaged in the production of ferro alloys, such as silico manganese, ferro manganese, and ferro chrome that are used in the production of different grades of steel. Its ferro alloys products are used as deoxidizers and alloy additives in the steel manufacturing process.

Key Statistics of Monind Ltd (532078.BO)

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

Today's Range

₹30.23₹30.23

Today's Open

₹30.23

Volume

62.00

P/E Ratio (TTM)

52 Week Range

₹22.15₹31.04

Market Cap

111.46M

Avg. Volume

159.50

Dividend Yield

Financial Metrics & Statements of Monind Ltd (532078.BO)

FAQ's for Monind Ltd (532078.BO)

According to Musaffa’s Shariah screening methodology, Monind Ltd (532078.BO) is currently classified as NOT HALAL as of December 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.