Is Setubandhan Infrastructure Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Setubandhan Infrastructure Ltd (SETUINFRA.NS) is currently classified as NOT HALAL as of July 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 Setubandhan Infrastructure 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 Setubandhan Infrastructure Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Setubandhan Infrastructure Ltd?

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

Musaffa determines the Shariah status of Setubandhan Infrastructure 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 Setubandhan Infrastructure Ltd updated?

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

Can a halal stock like Setubandhan Infrastructure 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 Setubandhan Infrastructure Ltd?

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

SETUINFRA.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2024

Report Source: 2024 2nd Quarter Report

Setubandhan Infrastructure Ltd. Stock Analysis SETUINFRA.NS

India Industrials Nano Cap Report: Q2, 2024

Setubandhan Infrastructure Ltd. is a construction company, which engages in infrastructure development and civil construction. The firm is focused on the business of construction for government and semi-government authorities such as buildings, quarters, roads, bridges, airports, go downs, hospitals, and works for private bodies for construction of industrial buildings, residential and commercial complex, townships, health care Centre and institutional campus with all related utility services. Its projects include Construction of Girls Hostel Building in the Gov. Polytechnic Campus at Shil Tal. Vikramgad, Dist. Thane, Improvement to Harisal - Akot - Akola - Washim - Hingoli - Kalamnuri - Waranga road (including Hingoli bypass), and Construction of Regional Forensic Laboratory, Office Building at Amravati. The firm is undergoing corporate insolvency resolution process.

Key Statistics of Setubandhan Infrastructure Ltd (SETUINFRA.NS)

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

Today's Range

₹0.59₹0.61

Today's Open

₹0.61

Volume

40.60K

P/E Ratio (TTM)

83.97

52 Week Range

₹0.37₹1.12

Market Cap

76.66M

Avg. Volume

99.04K

Dividend Yield

Financial Metrics & Statements of Setubandhan Infrastructure Ltd (SETUINFRA.NS)

FAQ's for Setubandhan Infrastructure Ltd (SETUINFRA.NS)

According to Musaffa’s Shariah screening methodology, Setubandhan Infrastructure Ltd (SETUINFRA.NS) is currently classified as NOT HALAL as of July 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.