Hindustan Composites Ltd HINDCOMPOS.NS
₹439.45 ₹0.75 (0.17%) 1D
Last Updated: Oct 13, 12:00 AM·NSE
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Is Hindustan Composites Ltd Stock Halal?
Shariah Compliance Analysis of HINDCOMPOS.NS Stock
India Consumer Discretionary Micro Cap No. As of October 2026, Hindustan Composites Ltd (HINDCOMPOS.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Hindustan Composites Ltd does not pass Musaffa's business and financial screening criteria.
Hindustan Composites Ltd. engages in the development, manufacture, and marketing of asbestos industrial products and friction materials, consisting of brake liners, roll linings, clutch facings, disc brake pads used in heavy and light trucks, passenger cars, 2/3 wheelers, off-road-vehicles, and construction and mining equipment. and investments. The firm operates through two segments: Composite Products and Investment. Its friction materials include brake linings, clutch facings, ceramic buttons, disk brake pads, roll linings, brake blocks, friction sheets and industrial roll linings. Its industrial thrust bearing and insulation products include millboard sheets, millboard disks, compestos and compestos rings. Its range of products is suitable for several general and specialized applications. The company caters to the diversified needs of core sector industries, such as automotive, railways, engineering, mining, aerospace, steel, chemical, oil exploration and others. Its friction sheets are used in industrial clutches, marine gearbox clutches, tractor steering clutches, and others.
HINDCOMPOS.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Hindustan Composites Ltd is classified as not halal.
NOT HALALHindustan Composites Ltd (HINDCOMPOS.NS) Chart
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Financial Metrics & Statements of Hindustan Composites Ltd (HINDCOMPOS.NS)
FAQ's for Hindustan Composites Ltd (HINDCOMPOS.NS)
- As of October 2026, Hindustan Composites Ltd HINDCOMPOS.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 Hindustan Composites Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Hindustan Composites 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 Hindustan Composites 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 Hindustan Composites 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 Hindustan Composites 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 Hindustan Composites Ltd (HINDCOMPOS.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
