As of September 2026, NMDC Steel Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
NMDC Steel Ltd. Stock Analysis 543768.BO
India Materials Small Cap
NMDC Steel Ltd. engages in production of iron ore. The company is headquartered in Hyderabad, Telangana and currently employs 1,062 full-time employees. The company went IPO on 2023-02-20. The firm is primarily engaged in the manufacturing of iron and steel products. The firm owns and operates the approximately 3.0 million tons per annum (MTPA) steel plant at Nagarnar, Chhattisgarh. The Company’s product mix consists of low carbon steel, HSLA & Dual Phase Steel and API quality steel that can be rolled into thicknesses ranging from 1-16 millimeters (mm). The company produces Hot Rolled (HR) coils, HR sheets/ plates, Liquid Steel, gross sinter, gross coke, and pig iron and by-products. HR coils and HR sheets/ plates are used in various applications such as high tensile structures, structural forming & flanging, and ship building.
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Financial Metrics & Statements of NMDC Steel Ltd (543768.BO)
FAQ's for NMDC Steel Ltd (543768.BO)
As of September 2026, NMDC Steel Ltd 543768.BO is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes NMDC Steel Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in NMDC Steel 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.
Musaffa determines the Shariah status of NMDC Steel Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of NMDC Steel Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of NMDC Steel Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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