Astron Paper & Board Mill Ltd ASTRON.NS
₹2.82 ₹0.06 (2.17%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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Is Astron Paper & Board Mill Ltd Stock Halal?
Shariah Compliance Analysis of ASTRON.NS Stock
India Materials Nano Cap No. As of October 2026, Astron Paper & Board Mill Ltd (ASTRON.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Astron Paper & Board Mill Ltd does not pass Musaffa's business and financial screening criteria.
Astron Paper & Board Mill Ltd. manufactures corrugated paper and paper board. The firm and its wholly owned subsidiary company, Balaram Papers Private Limited, are engaged in the business of the manufacturing of kraft paper from wastepaper. The firm offers various types of kraft paper, such as, Fluting Medium, Test Liner, Kraft Liner, VTL (VIRGIN TOP LINER), H-RCT KRAFT LINER, and Liner. Fluting medium is a type of kraft paper used in the production of corrugated cardboard, mainly from 90 to 180 GSM and 16,18, and 20 BF. Recycled Kraft liner is a type of paperboard used in packaging applications with 140 to 350 GSM and 28-35 BF. Virgin Kraft liner is a type of paperboard used in packaging and industrial applications. The firm has three manufacturing units with four paper machines at three different and strategic locations in Gujarat, India with an industrial capacity of approximately 175 thousand tons annually.
ASTRON.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Astron Paper & Board Mill Ltd is classified as not halal.
NOT HALALAstron Paper & Board Mill Ltd (ASTRON.NS) Chart
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Financial Metrics & Statements of Astron Paper & Board Mill Ltd (ASTRON.NS)
FAQ's for Astron Paper & Board Mill Ltd (ASTRON.NS)
- As of October 2026, Astron Paper & Board Mill Ltd ASTRON.NS 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 Astron Paper & Board Mill Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Astron Paper & Board Mill 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 Astron Paper & Board Mill 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 Astron Paper & Board Mill 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 Astron Paper & Board Mill Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Astron Paper & Board Mill Ltd (ASTRON.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
