Is Damodar Industries Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Damodar Industries Ltd (DAMODARIND.NS) is currently classified as NOT HALAL as of January 2026. 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 Damodar Industries 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 Damodar Industries Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Damodar Industries Ltd?

Muslim investors may consider investing in Damodar 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.

Why is Damodar Industries Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Damodar Industries 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 Damodar Industries Ltd updated?

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

Can a halal stock like Damodar Industries 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 Damodar Industries Ltd?

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

Damodar Industries Ltd DAMODARIND.NS

₹28.00 ₹0.59 (2.06%) 1D

Last Updated: May 15, 12:00 AM·NSE

DAMODARIND.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 26, 2026

Report Source: 2026 3rd Quarter Report

Analyst's Ratings for Damodar Industries Ltd (DAMODARIND.NS)

Based on 7 analysts giving stock ratings to Damodar Industries Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Damodar Industries Ltd. Stock Analysis DAMODARIND.NS

India Consumer Discretionary Nano Cap Report: Q3, 2026

Damodar Industries Ltd. engages in the provision of manufacture and export of textile products. The firm is engaged in the textile business. The firm's products include air texturizing, cotton yarns, linen blends, special blends, synthetic yarns, and yarn dyeing. The firm produces a variety of products ranging from NE 12, NE16, NE 20, NE 24, NE 30 Carded and Combed and blended varieties of Cotton Yarn. The firm has post-spinning machines like two-for-one (TFO), fancy doubling, hollow doubling, yarn dyeing, multicolor space dyeing. The company exports to over 40 countries across Europe, South Africa, South America, Australia, Korea, Belgium, Singapore, Italy, Egypt and the Gulf countries.

Key Statistics of Damodar Industries Ltd (DAMODARIND.NS)

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

Today's Range

₹27.82₹29.00

Today's Open

₹28.59

Volume

9653.00

P/E Ratio (TTM)

12.36

52 Week Range

₹20.00₹41.49

Market Cap

755.15M

Avg. Volume

18.54K

Dividend Yield

Financial Metrics & Statements of Damodar Industries Ltd (DAMODARIND.NS)

FAQ's for Damodar Industries Ltd (DAMODARIND.NS)

According to Musaffa’s Shariah screening methodology, Damodar Industries Ltd (DAMODARIND.NS) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.