Is Chandni Machines Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Chandni Machines Ltd (542627.BO) is currently classified as NOT HALAL 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 Chandni Machines 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 Chandni Machines Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Chandni Machines Ltd?

Muslim investors may consider investing in Chandni Machines 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 Chandni Machines Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Chandni Machines 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 Chandni Machines Ltd updated?

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

Can a halal stock like Chandni Machines 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 Chandni Machines Ltd?

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

Chandni Machines Ltd 542627.BO

₹62.50

Last Updated: May 15, 12:00 AM·BSE

542627.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 13, 2024

Report Source: 2025 1st Quarter Report

Chandni Machines Ltd. Stock Analysis 542627.BO

India Industrials Nano Cap Report: Q1, 2025

Chandni Machines Ltd. engages in the sale of engineering goods and related items. The company is headquartered in Mumbai, Maharashtra and currently employs 13 full-time employees. The company went IPO on 2019-04-05. The firm is engaged in the business of importing used, but in-condition injection molding machines (20-2500 tonnage capacity from Europe, Asia and the United States), machine tools (VMC’s, HMC’s Turning Centers and others), and material handling equipment (Forklifts, Reach Trucks and others). Its products include plastics and rubber machinery, metal working machinery, material handling equipment and testing equipment. Its plastics and rubber machinery includes die casting machine, rubber injection molding machine, injection molding machine (0-50TON), injection molding machine(51-100TON), injection molding machine (101-200TON), injection molding machine (201-300TON), and injection molding machine (301TON and above). Its metal working machinery includes boring mill, machining center, EDM wire / sinker, milling machine, drilling machine, lathe and grinding machine.

Key Statistics of Chandni Machines Ltd (542627.BO)

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

Today's Range

₹56.23₹62.50

Today's Open

₹62.50

Volume

1633.00

P/E Ratio (TTM)

31.96

52 Week Range

₹31.00₹127.74

Market Cap

249.61M

Avg. Volume

3561.64

Dividend Yield

Financial Metrics & Statements of Chandni Machines Ltd (542627.BO)

FAQ's for Chandni Machines Ltd (542627.BO)

According to Musaffa’s Shariah screening methodology, Chandni Machines Ltd (542627.BO) is currently classified as NOT HALAL 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.