Is Shalimar Paints Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Shalimar Paints Ltd (SHALPAINTS.NS) is currently classified as HALAL as of March 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 Shalimar Paints 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 Shalimar Paints Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Shalimar Paints Ltd?

Muslim investors may consider investing in Shalimar Paints 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 Shalimar Paints Ltd classified as HALAL?

Musaffa determines the Shariah status of Shalimar Paints 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 Shalimar Paints Ltd updated?

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

Can a halal stock like Shalimar Paints 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 Shalimar Paints Ltd?

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

SHALPAINTS.NS Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: March 05, 2026

Report Source: 2026 3rd Quarter Report

Shalimar Paints Ltd. Stock Analysis SHALPAINTS.NS

India Materials Nano Cap Report: Q3, 2026

Shalimar Paints Ltd. engages in the manufacturing, selling, and distribution of paints, coatings, varnishes, enamels, and lacquers. The firm is engaged in the business of developing, manufacturing, marketing, and distribution of a range of paints and coatings. The firm has a single operating segment, namely manufacturing and sale of paints. The Company’s products are classified based on Decorative Paints and Industrial Paints divisions. The Decorative Paints division offers a suite of decorative paints for interior and exterior surfaces including concrete, plasters, metals, among others. The company also offers Enamels, Interior and water based decorative coatings. The Industrial Paints division offers a suite of Protective Coatings, Can Coatings, Marine Coatings, Pipeline Coatings, Protective, General Industrial and Packaging coating solutions, among others. Its segments include Shalimar Adhunik Nirman Limited and Eastern Speciality Paints & Coatings Private Limited. The firm has three manufacturing facilities in Chennai, Nashik, and Sikandrabad (Uttar Pradesh).

Key Statistics of Shalimar Paints Ltd (SHALPAINTS.NS)

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

Today's Range

₹49.93₹51.99

Today's Open

₹51.99

Volume

27.62K

P/E Ratio (TTM)

52 Week Range

₹35.21₹107.76

Market Cap

4.39B

Avg. Volume

50.78K

Dividend Yield

Financial Metrics & Statements of Shalimar Paints Ltd (SHALPAINTS.NS)

FAQ's for Shalimar Paints Ltd (SHALPAINTS.NS)

According to Musaffa’s Shariah screening methodology, Shalimar Paints Ltd (SHALPAINTS.NS) is currently classified as HALAL as of March 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.