Is Novateor Research Laboratories Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Novateor Research Laboratories Ltd (542771.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 Novateor Research Laboratories 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 Novateor Research Laboratories Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Novateor Research Laboratories Ltd?

Muslim investors may consider investing in Novateor Research Laboratories 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 Novateor Research Laboratories Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Novateor Research Laboratories 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 Novateor Research Laboratories Ltd updated?

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

Can a halal stock like Novateor Research Laboratories 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 Novateor Research Laboratories Ltd?

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

Novateor Research Laboratories Ltd 542771.BO

₹32.85

Last Updated: May 12, 12:00 AM·BSE

542771.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 31, 2024

Report Source: 2024 Annual Report

Novateor Research Laboratories Ltd. Stock Analysis 542771.BO

India Consumer Staples Nano Cap Report: 2024 Annual

Novateor Research Laboratories Ltd. engages in the development of novel personal care products. The company is headquartered in Ahmedabad, Gujarat and currently employs 27 full-time employees. The company went IPO on 2019-09-13. The Company’s teeth whitening products are sold under the brand name SmiloShine. The firm manufactures three different variants of teeth whitening strips, teeth whitening toothpaste and brush, kid’s toothpaste and tongue cleaner, power brush, and teeth whitening gel. Its products include Advance Teeth Whitening Serum, SmiloShine Kids Mouthwash, SmiloShine Sonic Power Toothbrush, SmiloShine Charcoal Bamboo Toothbrush, and Heartipop Tongue Cleaner for Kids, among others. Its manufacturing facility is located in Sanan Taluka, Ahmedabad District, which is equipped with the building structure, and machinery and technology. The firm intends to expand its business in cosmetics and various health care pharma products.

Key Statistics of Novateor Research Laboratories Ltd (542771.BO)

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

Today's Range

₹32.85₹32.85

Today's Open

₹32.85

Volume

3000.00

P/E Ratio (TTM)

243.86

52 Week Range

₹20.08₹54.63

Market Cap

189.18M

Avg. Volume

6000.00

Dividend Yield

Financial Metrics & Statements of Novateor Research Laboratories Ltd (542771.BO)

FAQ's for Novateor Research Laboratories Ltd (542771.BO)

According to Musaffa’s Shariah screening methodology, Novateor Research Laboratories Ltd (542771.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.