Is NMDC Steel Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, NMDC Steel Ltd (NSLNISP.NS) is currently classified as NOT HALAL as of February 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 NMDC Steel 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 NMDC Steel Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of NMDC Steel Ltd?

Muslim investors may consider investing in NMDC Steel 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 NMDC Steel Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of NMDC Steel 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 NMDC Steel Ltd updated?

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

Can a halal stock like NMDC Steel 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 NMDC Steel Ltd?

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

NSLNISP.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 18, 2026

Report Source: 2026 3rd Quarter Report

NMDC Steel Ltd. Stock Analysis NSLNISP.NS

India Materials Small Cap Report: Q3, 2026

NMDC Steel Ltd. engages in production of iron ore. The company is headquartered in Hyderabad, Telangana and currently employs 1,062 full-time employees. The company went IPO on 2023-02-20. The firm is primarily engaged in the manufacturing of iron and steel products. The firm owns and operates the approximately 3.0 million tons per annum (MTPA) steel plant at Nagarnar, Chhattisgarh. The Company’s product mix consists of low carbon steel, HSLA & Dual Phase Steel and API quality steel that can be rolled into thicknesses ranging from 1-16 millimeters (mm). The company produces Hot Rolled (HR) coils, HR sheets/ plates, Liquid Steel, gross sinter, gross coke, and pig iron and by-products. HR coils and HR sheets/ plates are used in various applications such as high tensile structures, structural forming & flanging, and ship building.

Key Statistics of NMDC Steel Ltd (NSLNISP.NS)

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

Today's Range

₹43.70₹46.00

Today's Open

₹45.23

Volume

7.58M

P/E Ratio (TTM)

52 Week Range

₹33.01₹49.65

Market Cap

125.55B

Avg. Volume

6.84M

Dividend Yield

Financial Metrics & Statements of NMDC Steel Ltd (NSLNISP.NS)

FAQ's for NMDC Steel Ltd (NSLNISP.NS)

According to Musaffa’s Shariah screening methodology, NMDC Steel Ltd (NSLNISP.NS) is currently classified as NOT HALAL as of February 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.