Is MT Educare Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, MT Educare Ltd (MTEDUCARE.NS) is currently classified as NOT HALAL as of January 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.

Is MT Educare 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 MT Educare Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of MT Educare Ltd?

Muslim investors may consider investing in MT Educare 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 MT Educare Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of MT Educare 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 MT Educare Ltd updated?

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

Can a halal stock like MT Educare 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 MT Educare Ltd?

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

MTEDUCARE.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 31, 2024

Report Source: 2024 2nd Quarter Report

MT Educare Ltd. Stock Analysis MTEDUCARE.NS

India Consumer Discretionary Nano Cap Report: Q2, 2024

MT Educare Ltd. engages in the provision of commercial training, coaching, tutorial classes and activities. The company is headquartered in Mumbai, Maharashtra and currently employs 141 full-time employees. The company went IPO on 2012-04-12. The firm caters to the educational needs of school students. The company conducts commercial training, coaching, tutorial classes and activities incidental and ancillary thereon. The Company’s offerings include Robomate+, Lakshya, Mahesh Tutorials-School, Mahesh Tutorials-Science and Mahesh Tutorials-Commerce. Lakshya is a coaching institute for the preparation of Engineering Entrance Exam JEE (Mains & Advanced), Medical Entrance Exam (NEET-UG), and Foundation Courses for Class VI to X, including competitive exams such as NTSE, KVPY & Olympiads. Lakshya provides the higher secondary education science courses for competitive exams. Robomate+ is a curriculum-based study application that provides interactive study materials for students. Its subsidiaries include Lakshya Forrum for Competitions Private Limited, MT Education Services Private Limited, Robomate Edutech Private Limited, and others.

Key Statistics of MT Educare Ltd (MTEDUCARE.NS)

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

Today's Range

₹1.50₹1.62

Today's Open

₹1.54

Volume

19.76K

P/E Ratio (TTM)

52 Week Range

₹1.17₹2.55

Market Cap

105.45M

Avg. Volume

25.15K

Dividend Yield

Financial Metrics & Statements of MT Educare Ltd (MTEDUCARE.NS)

FAQ's for MT Educare Ltd (MTEDUCARE.NS)

According to Musaffa’s Shariah screening methodology, MT Educare Ltd (MTEDUCARE.NS) is currently classified as NOT HALAL as of January 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.