MORARJEE.NS Shariah Compliance
Screening Methodology: AAOIFI
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Last Updated: April 03, 2024
Report Source: 2024 3rd Quarter Report
Morarjee Textiles Ltd. Stock Analysis MORARJEE.NS
Morarjee Textiles Ltd. engages in the manufacturing of textile products. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2007-12-03. The firm mainly focuses on producing cotton fabrics. The firm has product segments with two divisions, namely Premium Yarn dyed shirting and Fashion fabric. The Company’s product lines include fashion prints, yarn dyed shirting, whites, voiles, and yarn. The Fashion Prints division is a curation of satin, cambric, poplin, lawn, and silk prints. The Yarn Dyed Shirting division is further segmented into Prima Linea, Ganges, and Seasonal Collection. The Whites division produces a range of white fabrics like linens, slubs, and thread. The Voiles division caters to the Middle East and African subcontinent along with the conversion centers in Europe and the Fast East for its traditional ensembles. The Yarn Division has an installed capacity of approximately 71696 Spindles with the manufacturing capacity of 4600 metric tons annually.
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Key Statistics of Morarjee Textiles Ltd (MORARJEE.NS)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
₹6.17Volume
2759.00P/E Ratio (TTM)
-52 Week Range
Market Cap
276.13MAvg. Volume
5662.95Dividend Yield
-Financial Metrics & Statements of Morarjee Textiles Ltd (MORARJEE.NS)
FAQ's for Morarjee Textiles Ltd (MORARJEE.NS)
- According to Musaffa’s Shariah screening methodology, Morarjee Textiles Ltd (MORARJEE.NS) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
Alternate Halal Stocks for Morarjee Textiles Ltd (MORARJEE.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.