Yes. As of September 2026, Nelcast Ltd (532864.BO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nelcast Ltd passes Musaffa's business and financial screening criteria.
Nelcast Ltd. engages in the manufacture and sale of iron castings. The company is engaged in the production of ductile and gray iron castings. Its products cater to the automotive, tractor, construction, mining, railways and general engineering sectors. Its product categories include commercial vehicle components, tractor/farm equipment, off-highway/army components, railways, sports utility vehicle (SUV)/car components and power train components. Its powertrain components include gearbox housin, flywheel housing and exhaust manifold. Its railway products include base plates for balla stless track systems and brake discs. Its SUV/car components include case body, case cap, and drive head. Its tractor/farm components include hydraulic lift cover, axle housing, four-wheel drive, front axle housing, transmission clutch housing, front engine support and others. Its commercial vehicle components include wheel hub, bearing cap, brake drum, brake disc rotor and others.
Nelcast Ltd 532864.BO
₹108.55 ₹2.15 (1.94%) 1D
Last Updated: Sep 11, 12:00 AM·BSE
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532864.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Nelcast Ltd is classified as halal.
HALAL
Report Source: undefined Quarter Report
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FAQ's for Nelcast Ltd (532864.BO)
As of September 2026, Nelcast Ltd 532864.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 Nelcast Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Nelcast 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 Nelcast 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 Nelcast 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 Nelcast Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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