Yes. As of September 2026, Nitco Ltd (532722.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nitco Ltd passes Musaffa's business and financial screening criteria.
Nitco Ltd. engages in the manufacture, marketing, and distribution of tiles and marble products. The company is headquartered in Mumbai, Maharashtra and currently employs 534 full-time employees. The company went IPO on 2006-04-14. The firm operates through two segments, namely Tiles and related products and Real Estate. The firm offers wall tiles, floor tiles, marble, and mosaico. The Company’s products include Glazed Vitrified Tiles, Vitrified DCH, Vitrified Heavy Duty, Vitrified SST, Full Body Vitrified, Wooden Wall Tiles, Wooden Ceramic Tiles, Wooden Vitrified Tiles, Ceramic Wall Tiles, among others. The company provides various ranges of Ceramic Floor Tiles, including Cotto Bronze, Cotto Rouge, Cotto Rouge Decor, Crosswood Chestnut, Mayfair Statuario, among others. The company provides various ranges of Wooden Wall Tiles, including Legna Leaf, Legna Leaf Decor, Legna Leaf LT, Glam Wood, Glam Wood Decor, Glam Wood LT, Mahogany, Mahogany Decor,among others. The company has manufacturing facilities in Maharashtra and Silvassa and sells primarily in India through independent dealers/distributors and modern trade.
Nitco Ltd 532722.BO
₹94.00 ₹3.00 (3.09%) 1D
Last Updated: Sep 07, 12:00 AM·BSE
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532722.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Nitco Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
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FAQ's for Nitco Ltd (532722.BO)
As of September 2026, Nitco Ltd 532722.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 Nitco Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Nitco 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 Nitco 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 Nitco 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 Nitco 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 Nitco Ltd (532722.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.