Marine Electricals (India) Ltd MARINE.NS
₹436.55 ₹11.55 (2.72%) 1D
Last Updated: Oct 01, 12:00 AM·NSE
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Is Marine Electricals (India) Ltd Stock Halal?
Shariah Compliance Analysis of MARINE.NS Stock
India Industrials Small Cap Yes. As of October 2026, Marine Electricals (India) Ltd (MARINE.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Marine Electricals (India) Ltd passes Musaffa's business and financial screening criteria.
Marine Electricals (India) Ltd. engages in the business of providing integrated electrical and automation solution. The company is headquartered in Mumbai, Maharashtra and currently employs 622 full-time employees. The company went IPO on 2018-10-11. The company is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears and control-gears. The company is also engaged in the renewable energy sector, specifically solar. The company also provides services like designing and fabricating for all types of electrical and electronic installations in India and abroad and undertakes annual maintenance contracts. The company operates through two segments : Marine, which provides products and services for navigational equipment in new ship building, and Industry, which provides products and services for power distribution and solutions for industries like data centers, industrial and large buildings. Its flagship offerings include Integrated Bridge Systems, Integrated Monitoring and Control Systems, and Data Distribution Solutions.
MARINE.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Marine Electricals (India) Ltd is classified as halal.
HALALMarine Electricals (India) Ltd (MARINE.NS) Chart
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Financial Metrics & Statements of Marine Electricals (India) Ltd (MARINE.NS)
FAQ's for Marine Electricals (India) Ltd (MARINE.NS)
- As of October 2026, Marine Electricals (India) Ltd MARINE.NS is classified as 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 Marine Electricals (India) Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Marine Electricals (India) 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 Marine Electricals (India) 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 Marine Electricals (India) 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 Marine Electricals (India) Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Marine Electricals (India) Ltd (MARINE.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
