Is Mangalam Alloys Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Mangalam Alloys Ltd (MAL.NS) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Mangalam Alloys Ltd a Shariah-compliant stock?

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.

Can Muslims buy shares of Mangalam Alloys Ltd?

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.

Why is Mangalam Alloys Ltd classified as NOT HALAL?

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.

How often is the Shariah compliance for Mangalam Alloys Ltd updated?

The Shariah compliance status of Mangalam Alloys Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Mangalam Alloys Ltd become non-compliant?

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.

Where can I check the Shariah status of Mangalam Alloys Ltd?

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.

MAL.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 15, 2026

Report Source: 2026 2nd Quarter Report

Mangalam Alloys Ltd. Stock Analysis MAL.NS

India Materials Nano Cap Report: Q2, 2026

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.

Key Statistics of Mangalam Alloys Ltd (MAL.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹39.05₹39.05

Today's Open

₹39.05

Volume

6400.00

P/E Ratio (TTM)

7.22

52 Week Range

₹28.50₹80.20

Market Cap

977.56M

Avg. Volume

4900.00

Dividend Yield

Financial Metrics & Statements of Mangalam Alloys Ltd (MAL.NS)

FAQ's for Mangalam Alloys Ltd (MAL.NS)

According to Musaffa’s Shariah screening methodology, Mangalam Alloys Ltd (MAL.NS) is currently classified as NOT HALAL as of January 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.