No. As of October 2026, Lloyds Metals and Energy Ltd (LLOYDSME.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Lloyds Metals and Energy Ltd does not pass Musaffa's business and financial screening criteria.
Lloyds Metals & Energy Ltd. engages in the manufacturing, generation, and distribution of iron, steel, and power. The company is headquartered in Mumbai, Maharashtra and currently employs 1,834 full-time employees. The firm's segments include Mining, Sponge Iron, Power and Pellet trading. The Mining Segment is engaged in extraction of iron ore from mines. The Sponge Iron segment is engaged in the production and manufacturing of sponge iron. The Power segment includes generation of power. The Pellet trading segment includes pellets procured from Mandovi River Pellets Private Limited, the producer of pellets derived from iron ore supplied by the Company. The firm's other by products include char, fly ash, ESP dust, bed materials and iron ore fines. The company has an approximately 3,40,000 TPA capacity for DRI across two districts in Maharashtra and a 34 megawatts (MW) waste heat recovery based (WHRB) power plant. The firm has a capacity of approximately 10 million metric tons per annum (MTPA) of iron ore at Surjagarh Village, Gadchiroli district in Maharashtra.
Lloyds Metals and Energy Ltd LLOYDSME.NS
₹1,844.50 ₹9.10 (0.49%) 1D
Last Updated: Oct 07, 12:00 AM·NSE
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LLOYDSME.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Lloyds Metals and Energy Ltd is classified as not halal.
NOT HALAL
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FAQ's for Lloyds Metals and Energy Ltd (LLOYDSME.NS)
As of October 2026, Lloyds Metals and Energy Ltd LLOYDSME.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 Lloyds Metals and Energy Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Lloyds Metals and Energy 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 Lloyds Metals and Energy 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 Lloyds Metals and Energy 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 Lloyds Metals and Energy 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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