Shariah Compliance Analysis of MADRASFERT.NS Stock
India Materials Micro Cap
No. As of October 2026, Madras Fertilizers Ltd (MADRASFERT.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Madras Fertilizers Ltd does not pass Musaffa's business and financial screening criteria.
Madras Fertilizers Ltd. engages in the manufacture and marketing of ammonia, urea, and complex fertilizers. The company is headquartered in Chennai, Tamil Nadu and currently employs 402 full-time employees. The company went IPO on 2001-01-16. The firm is also engaged in manufacturing bio-fertilizers and trading eco-friendly agro chemicals, organic manure and City Compost under the brand name, Vijay. The firm's chemical fertilizer products include VIJAY Urea, VIJAY Complexes and VIJAY Neem Coated Urea. Its organic product is VIJAY Organic/City Compost. The firm's VIJAY Neem products are offered in 300 parts per million (ppm) and 1500 ppm, in packings of 100 milliliter (ml) to 20 liters, to suit the needs of all categories of farmers. Its VIJAY Bio-fertilizer products are offered in two categories: Nitrogen fixers and Phosphate Solubilizers. The firm's biofertilizers include Azospirillum (Paddy), Azospirillum (Other Crops), Azospirillum (Plantation Crops), Rhizobium (Groundnut), Rhizobium (Pulses), Phospho Bacteria (All Crops) and NP Bio (All Crops).
Madras Fertilizers Ltd MADRASFERT.NS
₹57.41 ₹0.58 (1.00%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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MADRASFERT.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Madras Fertilizers Ltd is classified as not halal.
NOT HALAL
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FAQ's for Madras Fertilizers Ltd (MADRASFERT.NS)
As of October 2026, Madras Fertilizers Ltd MADRASFERT.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 Madras Fertilizers Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Madras Fertilizers 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 Madras Fertilizers 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 Madras Fertilizers 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 Madras Fertilizers 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 Madras Fertilizers Ltd (MADRASFERT.NS)
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