Mangalam Alloys Ltd MAL.NS
₹38.00 ₹0.45 (1.20%) 1D
Last Updated: Oct 06, 12:00 AM·NSE
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Is Mangalam Alloys Ltd Stock Halal?
Shariah Compliance Analysis of MAL.NS Stock
India Materials Nano Cap No. As of October 2026, Mangalam Alloys Ltd (MAL.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Mangalam Alloys Ltd does not pass Musaffa's business and financial screening criteria.
angalam Alloys Ltd. engages in the manufacture of stainless-steel ingots. The firm has an integrated stainless steel/higher alloy steel melting and further processing unit that is up to bright bar fasteners. The company manufactures SS Ingots, Round Bar, RCS, Bright bar, different sections like square, hex, angle, patti, and others, forging and making fasteners. The firm has 40,000 square meters of land with an installed capacity of approximately 25,000 tons per annum (TPA). The Company’s products include forging ingots, billets, RCS, black round bar, bright round bar, bright round forged bar, hexagonal/square bar, angle bars, flat bars, fasteners, and forgings.
MAL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Mangalam Alloys Ltd is classified as not halal.
NOT HALALMangalam Alloys Ltd (MAL.NS) Chart
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Financial Metrics & Statements of Mangalam Alloys Ltd (MAL.NS)
FAQ's for Mangalam Alloys Ltd (MAL.NS)
- As of October 2026, Mangalam Alloys Ltd MAL.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 Mangalam Alloys Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Mangalam Alloys 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 Mangalam Alloys 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 Mangalam Alloys 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 Mangalam Alloys 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 Mangalam Alloys Ltd (MAL.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
