Is Energy Development Company Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Energy Development Company Ltd (ENERGYDEV.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 Energy Development Company 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 Energy Development Company Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Energy Development Company Ltd?

Muslim investors may consider investing in Energy Development Company 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 Energy Development Company Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Energy Development Company 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 Energy Development Company Ltd updated?

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

Can a halal stock like Energy Development Company 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 Energy Development Company Ltd?

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

ENERGYDEV.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 23, 2026

Report Source: 2026 2nd Quarter Report

Energy Development Company Ltd. Stock Analysis ENERGYDEV.NS

India Utilities Nano Cap Report: Q2, 2026

Energy Development Co. Ltd. engages in the business of power generation and infrastructure development. The company is headquartered in Kolkata, West Bengal and currently employs 24 full-time employees. The company went IPO on 2007-11-02. The company is engaged in the generation and sale of bulk power to various electricity boards, construction development, implementation, operation & maintenance of projects and consultancies, and trading of power equipment and metals. Its segments include the Generating Division, Contract Division, and Trading Division. The Generation Division segment is engaged in the generation and sale of electricity. Contract Division segment includes construction, development, implementation, operation, and maintenance of projects and consultancies. Trading Division segment is engaged in the trading of power equipment metals. Its subsidiaries include Ayyappa Hydro Power Limited, EDCL Power Projects Limited, EDCL Arunachal Hydro Project Private Limited, Eastern Ramganga Valley Hydel Projects Company Private Limited, and Sarju Valley Hydel Projects Company Private Limited.

Key Statistics of Energy Development Company Ltd (ENERGYDEV.NS)

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

Today's Range

₹16.25₹16.90

Today's Open

₹16.47

Volume

16.88K

P/E Ratio (TTM)

52 Week Range

₹13.15₹29.85

Market Cap

806.07M

Avg. Volume

36.71K

Dividend Yield

Financial Metrics & Statements of Energy Development Company Ltd (ENERGYDEV.NS)

FAQ's for Energy Development Company Ltd (ENERGYDEV.NS)

According to Musaffa’s Shariah screening methodology, Energy Development Company Ltd (ENERGYDEV.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.