Yes. As of October 2026, Electrosteel Castings Ltd (ELECTCAST.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Electrosteel Castings Ltd passes Musaffa's business and financial screening criteria.
Electrosteel Castings Ltd. engages in the manufacture and supply of ductile iron pipes, ductile iron fittings, and cast iron. The company is headquartered in Kolkata, West Bengal and currently employs 3,015 full-time employees. The company went IPO on 2005-10-05. The company is engaged in the business of manufacturing ductile iron (DI) pipes, ductile iron fittings (DIF) and cast iron (CI) pipes. Its products also include ductile iron flange pipes, restrained joint pipes, cement and ferro alloys. The company operates through pipes and fittings segment. Its products, DI pipes and DIF, are used for various applications, such as water transmission and distribution, desalination plants, storm water drainages and sewage treatment plants. Its manufacturing facilities are spread across five locations in India. The company caters to a customer base spread around the Indian subcontinent, Europe, North and South America, Southeast Asia, Middle East, and Africa. Its subsidiaries include Electrosteel Castings (UK) Limited, Electrosteel Algerie SPA, Electrosteel Doha for Trading LLC, Electrosteel Castings Gulf FZE, Electrosteel Brasil Ltda. Tubos e Conexoes Duteis, Singardo International Pte Limited, and more.
Electrosteel Castings Ltd ELECTCAST.NS
₹78.73 ₹0.41 (0.52%) 1D
Last Updated: Oct 07, 12:00 AM·NSE
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ELECTCAST.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Electrosteel Castings Ltd is classified as halal.
HALAL
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FAQ's for Electrosteel Castings Ltd (ELECTCAST.NS)
As of October 2026, Electrosteel Castings Ltd ELECTCAST.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 Electrosteel Castings Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Electrosteel Castings 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 Electrosteel Castings 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 Electrosteel Castings 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 Electrosteel Castings 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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