No. As of October 2026, Kalana Ispat Ltd (KALANA.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Kalana Ispat Ltd does not pass Musaffa's business and financial screening criteria.
Kalana Ispat Ltd. manufactures M.S. The company is headquartered in Ahmedabad, Gujarat and currently employs 15 full-time employees. The company went IPO on 2024-09-26. Billets/Ingots and Alloy Steel Billets/Ingots of various grades. The firm operates under two key business segments: Sale of Products and Sale of Services (Job Work). The Company’s product portfolio includes MS billets and alloy steel billets. The firm uses a combination of raw materials, such as MS scrap, sponge iron, silicon manganese, aluminum ingots and certain salts, which are melted at high temperature and are poured in casts to form a rectangle or metal bar or MS billet. The firm manufactures MS Billets in various grades, which are subsequently forged at rolling mills into finished products like bars, wires, rods, and sheet metal. The company produces alloy steel billets on an order basis. Its manufacturing unit is located in Ahmedabad. The company offers tailored billet solutions.
Kalana Ispat Ltd KALANA.NS
₹18.50 ₹0.70 (3.93%) 1D
Last Updated: Oct 01, 12:00 AM·NSE
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KALANA.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Kalana Ispat Ltd is classified as not halal.
NOT HALAL
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FAQ's for Kalana Ispat Ltd (KALANA.NS)
As of October 2026, Kalana Ispat Ltd KALANA.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 Kalana Ispat Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Kalana Ispat 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 Kalana Ispat 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 Kalana Ispat 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 Kalana Ispat 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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