Is Premier Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Premier Ltd (PREMIER.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.

Is Premier 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 Premier Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Premier Ltd?

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

Musaffa determines the Shariah status of Premier 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 Premier Ltd updated?

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

Can a halal stock like Premier 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 Premier Ltd?

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

PREMIER.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 29, 2024

Report Source: 2024 3rd Quarter Report

Premier Ltd. Stock Analysis PREMIER.NS

India Industrials Nano Cap Report: Q3, 2024

Premier Ltd. engages in the manufacture of computer numerical control (CNC) machines large mechanical components for the wind energy and infrastructure sectors, and the provision of professional and engineering services. The company is headquartered in Mumbai, Maharashtra. The firm operates in a single segment, namely engineering and capital goods. The firm's engineering business consists of manufacturing of computerized numerical control (CNC) machines and large mechanical components for the wind energy and infrastructure sectors and professional and engineering services related thereto. The company is engaged in the manufacturing of large and heavy-duty CNC machines, such as CNC gear hobbing, shaping and shaving machines, CNC gear tooth chamfering and rounding machines, vertical turn mill centers, vertical and horizontal machining centers, and special purpose machines.

Key Statistics of Premier Ltd (PREMIER.NS)

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

Today's Range

₹2.79₹2.90

Today's Open

₹2.79

Volume

2260.00

P/E Ratio (TTM)

52 Week Range

₹2.62₹4.15

Market Cap

90.51M

Avg. Volume

9225.76

Dividend Yield

Financial Metrics & Statements of Premier Ltd (PREMIER.NS)

FAQ's for Premier Ltd (PREMIER.NS)

According to Musaffa’s Shariah screening methodology, Premier Ltd (PREMIER.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.