No. As of October 2026, Shree Ajit Pulp and Paper Ltd (538795.BO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Shree Ajit Pulp and Paper Ltd does not pass Musaffa's business and financial screening criteria.
Shree Ajit Pulp & Paper Ltd. engages in the manufacture of kraft paper which is mainly used in manufacturing corrugated boxes. The firm has a single operating segment, which is manufacturing of kraft paper (testliner and multilayer testliner). The firm manufactures multilayer test liner and test liner paper from 80 to 350 grams per square meter (GSM) and 18 to 35 BF. This product is mainly used for making corrugated boxes, duplex cartons, corrugated small e-flutes and others as packaging material. Its products Fluting Medium, Test Liner & Semi Kraft Liner are available in Natural Shade, while Test Liner and Semi Kraft Liner are available in Ajit Gold Shade. Its products are used as fast-moving consumer goods (FMCG), packaging items for industrial and domestic purposes, paper bags, among others. The firm has two windmills of total capacity of approximately 2.75 megawatts in Gujarat State, set up for captive consumption.
Shree Ajit Pulp and Paper Ltd 538795.BO
₹353.00 ₹33.95 (8.77%) 1D
Last Updated: Oct 14, 12:00 AM·BSE
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538795.BO Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Shree Ajit Pulp and Paper Ltd is classified as not halal.
NOT HALAL
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FAQ's for Shree Ajit Pulp and Paper Ltd (538795.BO)
As of October 2026, Shree Ajit Pulp and Paper Ltd 538795.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 Shree Ajit Pulp and Paper Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Shree Ajit Pulp and Paper 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 Shree Ajit Pulp and Paper 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 Shree Ajit Pulp and Paper 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 Shree Ajit Pulp and Paper 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 Shree Ajit Pulp and Paper Ltd (538795.BO)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.