Is Ace men engg works Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Ace men engg works Ltd (539661.BO) is currently classified as DOUBTFUL as of August 2024. 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 Ace men engg works 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 Ace men engg works Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Ace men engg works Ltd?

Muslim investors may consider investing in Ace men engg works 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 Ace men engg works Ltd classified as DOUBTFUL?

Musaffa determines the Shariah status of Ace men engg works 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 Ace men engg works Ltd updated?

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

Can a halal stock like Ace men engg works 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 Ace men engg works Ltd?

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

Ace men engg works Ltd 539661.BO

₹98.00 ₹0.50 (0.51%) 1D

Last Updated: May 15, 12:00 AM·BSE

539661.BO Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: August 20, 2024

Report Source: 2025 1st Quarter Report

Ace men engg works Ltd. Stock Analysis 539661.BO

India N/A Nano Cap Report: Q1, 2025

Ace Men Engg Works Ltd. engages in the selling, distributing, and trading of cotton and silk sarees. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2016-02-17. The firm is engaged in the business of aviation. The firm specializes in the production, processing, and supply of ferro alloys and a range of metal products. The company offers ferro alloys and metal products, including ferro silicon for strengthening steel, metal scrap for sustainable manufacturing, metal powders for precision applications like 3D printing, and silico manganese for durable, high-grade steel.

Key Statistics of Ace men engg works Ltd (539661.BO)

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

Today's Range

₹93.96₹98.50

Today's Open

₹98.50

Volume

1532.00

P/E Ratio (TTM)

52 Week Range

₹53.35₹107.14

Market Cap

1.22B

Avg. Volume

1042.32

Dividend Yield

Financial Metrics & Statements of Ace men engg works Ltd (539661.BO)

FAQ's for Ace men engg works Ltd (539661.BO)

According to Musaffa’s Shariah screening methodology, Ace men engg works Ltd (539661.BO) is currently classified as DOUBTFUL as of August 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.