Ankit Metal & Power Ltd 532870.BO
₹1.68 ₹0.03 (1.75%) 1D
Last Updated: Sep 08, 12:00 AM·BSE
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Is Ankit Metal & Power Ltd Stock Halal?
Shariah Compliance Analysis of 532870.BO Stock
India Materials Nano Cap No. As of September 2026, Ankit Metal & Power Ltd (532870.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Ankit Metal & Power Ltd does not pass Musaffa's business and financial screening criteria.
Ankit Metal & Power Ltd. engages in the manufacturing of iron and steel products. The firm is engaged in manufacturing of iron ore pellets, sponge iron, MS billets, re-rolled products with a captive power plant (CPP). The firm's integrated steel plant produces 100,000 million tons per annum (MTPA) of rolled products comprising of TMT Bars, Sponge Iron, Steel Melting Shop, Pig Iron, Ferro Silicon, M.S. billets, Billets, and Rolling Mill along with a 12.5-megawatt (MW) Captive Power Plant. The company also produces wire rods and other rolled products. Its products are used in bridges, flyovers, high-rise buildings, and even in areas of high humidity, cyclone-prone areas, and seismic-prone areas. The firm's products also serve real estate developers, construction units, forging units, wire drawing units, railways, and engineering industries. The firm also generates power from Captive Power Plant.
532870.BO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Ankit Metal & Power Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ankit Metal & Power Ltd (532870.BO) Chart
Financial Metrics & Statements of Ankit Metal & Power Ltd (532870.BO)
FAQ's for Ankit Metal & Power Ltd (532870.BO)
- As of September 2026, Ankit Metal & Power Ltd 532870.BO is classified as not 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 Ankit Metal & Power Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Ankit Metal & Power 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 Ankit Metal & Power 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 Ankit Metal & Power 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 Ankit Metal & Power Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Ankit Metal & Power Ltd (532870.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
