No. As of October 2026, Setco Automotive Ltd (SETCO.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Setco Automotive Ltd does not pass Musaffa's business and financial screening criteria.
Setco Automotive Ltd. is a holding company, which engages in the manufacture of auto components. The firm operates through a single segment, which is Auto Components. Its products include clutch products & systems, and hydraulics (pressure converters). Its product range includes BS VI medium & heavy commercial vehicle (MHCV) clutch, farm tractor clutch and light commercial vehicle (LCV) clutch. The firm's LCV clutch range includes 170mm single diaphragm spring and 330mm Dia single coil clutch. In the North America market, its products include 15.5/395mm angular spring twin clutch, and off-highway, construction hydraulics (pressure converters). The Company’s aftermarket business comprises two segments: sales of clutch assemblies and service kits through the service and spare sales network of original equipment spares (OES) and sales to the independent aftermarket (IAM) network of distributors/dealers and local garages under LIPE brand.
Setco Automotive Ltd SETCO.NS
₹18.00 ₹0.10 (0.55%) 1D
Last Updated: Oct 08, 12:00 AM·NSE
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SETCO.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Setco Automotive Ltd is classified as not halal.
NOT HALAL
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FAQ's for Setco Automotive Ltd (SETCO.NS)
As of October 2026, Setco Automotive Ltd SETCO.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 Setco Automotive Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Setco Automotive 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 Setco Automotive 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 Setco Automotive 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 Setco Automotive Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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