Shree Renuka Sugars Ltd RENUKA.NS
₹22.23 ₹0.74 (3.22%) 1D
Last Updated: Oct 15, 12:00 AM·NSE
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Is Shree Renuka Sugars Ltd Stock Halal?
Shariah Compliance Analysis of RENUKA.NS Stock
India Consumer Staples Small Cap No. As of October 2026, Shree Renuka Sugars Ltd (RENUKA.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Shree Renuka Sugars Ltd does not pass Musaffa's business and financial screening criteria.
Shree Renuka Sugars Ltd. is an agribusiness and bioenergy company, which engages in the manufacture of sugar, ethyl alcohol, and ethanol. The company is headquartered in Mumbai, Maharashtra and currently employs 2,179 full-time employees. The company went IPO on 2005-10-30. The firm is engaged in the business of sugar, ethyl alcohol, ethanol, generation and sale of power. Its segments include sugar milling, sugar refinery, distillery, co-generation, trading, engineering and other. The sugar business produces white sugar and markets under its flagship brand, Madhur. The company also supplies its sugar to national and multinational companies manufacturing beverages, biscuits & snacks and confectionaries. The green energy business comprises ethanol (for blending into petrol) and electricity production. Ethanol is produced directly from cane juice or derived from molasses. The company produces three grades of Ethanol at distilleries: Absolute Alcohol (AA) or Ethanol for fuel blending, Extra Neutral Alcohol (ENA), and Rectified Spirit (RS). The company supplies its various grades of ethanol to its customers, the oil marketing industry, the potable alcohol industry, and the chemical industries.
RENUKA.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Shree Renuka Sugars Ltd is classified as not halal.
NOT HALALShree Renuka Sugars Ltd (RENUKA.NS) Chart
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Financial Metrics & Statements of Shree Renuka Sugars Ltd (RENUKA.NS)
FAQ's for Shree Renuka Sugars Ltd (RENUKA.NS)
- As of October 2026, Shree Renuka Sugars Ltd RENUKA.NS is classified as not 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 Shree Renuka Sugars Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Shree Renuka Sugars 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 Shree Renuka Sugars 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 Shree Renuka Sugars 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 Shree Renuka Sugars Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Shree Renuka Sugars Ltd (RENUKA.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
