Nitiraj Engineers Ltd NITIRAJ.NS
₹203.51 ₹4.97 (2.38%) 1D
Last Updated: Oct 16, 12:00 AM·NSE
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Is Nitiraj Engineers Ltd Stock Halal?
Shariah Compliance Analysis of NITIRAJ.NS Stock
India Information Technology Nano Cap Yes. As of October 2026, Nitiraj Engineers Ltd (NITIRAJ.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Nitiraj Engineers Ltd passes Musaffa's business and financial screening criteria.
Nitiraj Engineers Ltd. engages in manufacturing and selling electronic weighing scales, currency counting machines, and taxi fare meters. The company is headquartered in Dhulia, Maharashtra and currently employs 274 full-time employees. The company went IPO on 2017-03-09. Its diverse product portfolio encompasses electronic weighing scales and systems, currency counting machines, security and automation products, home and hotel automation, mechanical scales, and electronic fare meters. These offerings cater to both industrial and domestic segments, with specific applications for Industrial, Commercial, Jewellery, Healthcare, Household, and Automobile sectors. Its products include analytical weighing balances, jewelry scales, tabletop scales, price computing scales, piece counting scales, platform scales, special application indicators, hanging scales, industrial weighing scales, baby weighing scales, person weighing scales, growth monitoring devices, adult weighing scales (heavy duty), currency counting machines, and security and automation products.
NITIRAJ.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Nitiraj Engineers Ltd is classified as halal.
HALALNitiraj Engineers Ltd (NITIRAJ.NS) Chart
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Financial Metrics & Statements of Nitiraj Engineers Ltd (NITIRAJ.NS)
FAQ's for Nitiraj Engineers Ltd (NITIRAJ.NS)
- As of October 2026, Nitiraj Engineers Ltd NITIRAJ.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 Nitiraj Engineers Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Nitiraj Engineers 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 Nitiraj Engineers 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 Nitiraj Engineers 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 Nitiraj Engineers 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 Nitiraj Engineers Ltd (NITIRAJ.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
