Is Sonal Mercantile Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sonal Mercantile Ltd (538943.BO) is currently classified as NOT HALAL as of January 2026. 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 Sonal Mercantile 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 Sonal Mercantile Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sonal Mercantile Ltd?

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

Musaffa determines the Shariah status of Sonal Mercantile 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 Sonal Mercantile Ltd updated?

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

Can a halal stock like Sonal Mercantile 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 Sonal Mercantile Ltd?

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

Sonal Mercantile Ltd 538943.BO

₹97.02

Last Updated: May 15, 12:00 AM·BSE

538943.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 10, 2026

Report Source: 2026 2nd Quarter Report

Sonal Mercantile Ltd. Stock Analysis 538943.BO

India N/A Nano Cap Report: Q2, 2026

Sonal Mercantile Ltd. a non-banking financing company, which engages in the provision of secured and unsecured loans, and advances. The company employs 7 full-time employees The company went IPO on 2015-02-09. The firm is engaged mainly in the business of providing loans and advances and also making investments in both quoted and unquoted securities. The firm provides loans and advances to individuals and corporate bodies, such as inter-corporate loans, personal loans, long-term and short-term loans, trade financing, bills discounting, project appraisal, and loans against guarantee and properties. The firm is engaged in trading in shares and securities and the arbitrage business in the stock and commodity markets. The firm offers specialized solutions for meeting specific liquidity requirements with technical insights into capital markets.

Key Statistics of Sonal Mercantile Ltd (538943.BO)

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

Today's Range

₹97.02₹97.02

Today's Open

₹97.02

Volume

40.00

P/E Ratio (TTM)

4.72

52 Week Range

₹78.00₹153.33

Market Cap

1.39B

Avg. Volume

1515.29

Dividend Yield

Financial Metrics & Statements of Sonal Mercantile Ltd (538943.BO)

FAQ's for Sonal Mercantile Ltd (538943.BO)

According to Musaffa’s Shariah screening methodology, Sonal Mercantile Ltd (538943.BO) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.