Bansal Wire Industries Ltd BANSALWIRE.NS
₹316.95 ₹2.15 (0.68%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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Is Bansal Wire Industries Ltd Stock Halal?
Shariah Compliance Analysis of BANSALWIRE.NS Stock
India Materials Small Cap Yes. As of October 2026, Bansal Wire Industries Ltd (BANSALWIRE.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bansal Wire Industries Ltd passes Musaffa's business and financial screening criteria.
Bansal Wire Industries Ltd. engages in the provision of manufacture and export of steel wires. The company is headquartered in Delhi, Delhi. The company went IPO on 2024-07-10. The firm manufactures high carbon steel wires, galvanized wires, cable armoring wires, strips/stainless steel wires, shaped wires, specialty wires, and mild steel wires (low carbon steel wires). Its high carbon steel wires include automotive control cables, super fine wire, and spring steel wire. Its mild steel wire includes bright wire, cable armor wire, fencing wire, galvanized wire, and super fine/mesh wire. Its stainless-steel wires include welding wire, spring wire, and cold heading wire. Its stainless-steel wires are used in automotive products, braiding hoses, brushes, chains, conveyor belts, filters, fasteners, nails, flexible connectors, kitchenware, and gadgets. The firm caters a range of industries, such as automobiles, infrastructure, hardware, consumer durables, general engineering, power and transmission, among others.
BANSALWIRE.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Bansal Wire Industries Ltd is classified as halal.
HALALBansal Wire Industries Ltd (BANSALWIRE.NS) Chart
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Financial Metrics & Statements of Bansal Wire Industries Ltd (BANSALWIRE.NS)
FAQ's for Bansal Wire Industries Ltd (BANSALWIRE.NS)
- As of October 2026, Bansal Wire Industries Ltd BANSALWIRE.NS is classified as 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 Bansal Wire Industries Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Bansal Wire Industries 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 Bansal Wire Industries 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 Bansal Wire Industries 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 Bansal Wire Industries Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Bansal Wire Industries Ltd (BANSALWIRE.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
