Is Manaksia Steels Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Manaksia Steels Ltd (MANAKSTEEL.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 Manaksia Steels 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 Manaksia Steels Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Manaksia Steels Ltd?

Muslim investors may consider investing in Manaksia Steels 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 Manaksia Steels Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Manaksia Steels 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 Manaksia Steels Ltd updated?

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

Can a halal stock like Manaksia Steels 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 Manaksia Steels Ltd?

You can check the latest Shariah compliance status of Manaksia Steels Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Manaksia Steels Ltd MANAKSTEEL.NS

₹63.50 ₹0.47 (0.73%) 1D

Last Updated: May 15, 12:00 AM·NSE

MANAKSTEEL.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 08, 2026

Report Source: 2026 2nd Quarter Report

Manaksia Steels Ltd. Stock Analysis MANAKSTEEL.NS

India Materials Nano Cap Report: Q2, 2026

The company is headquartered in Kolkata, West Bengal and currently employs 227 full-time employees. The company went IPO on 2015-03-30.

Key Statistics of Manaksia Steels Ltd (MANAKSTEEL.NS)

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

Today's Range

₹61.01₹65.05

Today's Open

₹63.97

Volume

30.64K

P/E Ratio (TTM)

43.37

52 Week Range

₹45.11₹87.13

Market Cap

4.39B

Avg. Volume

183.53K

Dividend Yield

Financial Metrics & Statements of Manaksia Steels Ltd (MANAKSTEEL.NS)

FAQ's for Manaksia Steels Ltd (MANAKSTEEL.NS)

According to Musaffa’s Shariah screening methodology, Manaksia Steels Ltd (MANAKSTEEL.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.