No. As of October 2026, HPL Electric & Power Ltd (HPL.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. HPL Electric & Power Ltd does not pass Musaffa's business and financial screening criteria.
HPL Electric & Power Ltd. engages in the manufacture of electrical equipment. The company is headquartered in Sonipat, Haryana and currently employs 1,157 full-time employees. The company went IPO on 2016-10-04. The firm offers low-voltage electrical solutions. The company operates through two segments: Metering, Systems & Services and Consumer, Industrial & Services. The firm has its presence across five key verticals: Metering Solutions, Switchgear, Light-Emitting Diodes (LED) Lighting, Wires and Cables, and Solar Solutions, and Modular Switches. Its Metering solution vertical offers smart meters, prepaid meters, and conventional meters. Its Switchgear vertical includes industrial products, which include MCCBs (Molded Case Circuit Breakers), MCBs (Miniature Circuit Breakers), and RCCBs (Residual Current Circuit Breakers). Its Wires and Cables vertical offers Fire-Resistant Cables, Telecom Cables, and Solar Cables. The company also offers modular switches and fans. The Company’s manufacturing units are located in Gurugram, Kundli, Gharaunda, and Sonepat in Haryana and Jabli in Himachal Pradesh.
HPL Electric & Power Ltd HPL.NS
₹257.90 ₹1.25 (0.49%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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HPL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, HPL Electric & Power Ltd is classified as not halal.
NOT HALAL
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FAQ's for HPL Electric & Power Ltd (HPL.NS)
As of October 2026, HPL Electric & Power Ltd HPL.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 HPL Electric & Power Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in HPL Electric & Power 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 HPL Electric & Power 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 HPL Electric & Power 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 HPL Electric & Power 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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