Is Harish Textile Engineers Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Harish Textile Engineers Ltd (542682.BO) is currently classified as NOT HALAL as of October 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 Harish Textile Engineers 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 Harish Textile Engineers Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Harish Textile Engineers Ltd?

Muslim investors may consider investing in Harish Textile Engineers 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 Harish Textile Engineers Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Harish Textile Engineers 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 Harish Textile Engineers Ltd updated?

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

Can a halal stock like Harish Textile Engineers 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 Harish Textile Engineers Ltd?

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

Harish Textile Engineers Ltd 542682.BO

₹67.00 ₹5.74 (9.37%) 1D

Last Updated: May 15, 12:00 AM·BSE

542682.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 08, 2024

Report Source: 2025 1st Quarter Report

Harish Textile Engineers Ltd. Stock Analysis 542682.BO

India N/A Nano Cap Report: Q1, 2025

Harish Textile Engineers Ltd. engages in the manufacturing of textile processing, finishing machineries, non-textile projects, and regenerated polyester staple fibre. The Company’s segments are Textile Engineering, Non-Woven, and PSF. The company is specialized in manufacturing and exporting recycled polyester staple, siliconized and non-siliconized fiber. Its Pacific-Harish fibers are available in a range of denier and cut lengths. These fibers are available in shades of white, black, grey and several customized shades ranging from 4.5 to 30 deniers. The company is engaged in the production of non-woven fabrics used mainly for auto interiors and filtration and hygiene segments. The company is also engaged in the production of polyester staple fiber by recycling pet bottles and waste polyester at its plant in Gondhe, Nashik.

Key Statistics of Harish Textile Engineers Ltd (542682.BO)

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

Today's Range

₹61.26₹68.98

Today's Open

₹61.26

Volume

1310.00

P/E Ratio (TTM)

92.46

52 Week Range

₹52.40₹74.99

Market Cap

210.49M

Avg. Volume

1275.32

Dividend Yield

Financial Metrics & Statements of Harish Textile Engineers Ltd (542682.BO)

FAQ's for Harish Textile Engineers Ltd (542682.BO)

According to Musaffa’s Shariah screening methodology, Harish Textile Engineers Ltd (542682.BO) is currently classified as NOT HALAL as of October 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.