Is Shri Hare-Krishna Sponge Iron Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS) is currently classified as NOT HALAL as of January 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 Shri Hare-Krishna Sponge Iron 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 Shri Hare-Krishna Sponge Iron Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Shri Hare-Krishna Sponge Iron Ltd?

Muslim investors may consider investing in Shri Hare-Krishna Sponge Iron 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 Shri Hare-Krishna Sponge Iron Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Shri Hare-Krishna Sponge Iron 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 Shri Hare-Krishna Sponge Iron Ltd updated?

The Shariah compliance status of Shri Hare-Krishna Sponge Iron Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Shri Hare-Krishna Sponge Iron 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 Shri Hare-Krishna Sponge Iron Ltd?

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

Shri Hare-Krishna Sponge Iron Ltd SHKSIL.NS

₹41.15

Last Updated: May 15, 12:00 AM·NSE

SHKSIL.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 15, 2026

Report Source: 2026 2nd Quarter Report

Shri Hare-Krishna Sponge Iron Ltd. Stock Analysis SHKSIL.NS

India Materials Nano Cap Report: Q2, 2026

Shri Hare Krishna Sponge Iron Ltd. engages in the manufacture and sale of sponge iron and steel products. The company is headquartered in Raipur, Chhattisgarh. The company went IPO on 2025-07-01. The firm is primarily engaged in the business of manufacturing and selling Sponge Iron. Its sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. The firm's products include sponge iron, sections, and steel shots & grit. Its by-products are Dolochar and Iron Ore Fines. A sponge iron by - product called dolochar is produced, which is used in manufacturing steel billets, ingots and re-rolled products. The company caters to the metallic requirements of steel producers in selected geographies. The Company’s manufacturing facility is located in Siltara - Raipur, Chhattisgarh and is spread across an area of around 13.45 acres of land with an annual production capacity of 30,000 metric tons.

Key Statistics of Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS)

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

Today's Range

₹41.15₹41.15

Today's Open

₹41.15

Volume

2000.00

P/E Ratio (TTM)

52 Week Range

₹38.00₹84.00

Market Cap

824.26M

Avg. Volume

6307.69

Dividend Yield

Financial Metrics & Statements of Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS)

FAQ's for Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS)

According to Musaffa’s Shariah screening methodology, Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS) is currently classified as NOT HALAL as of January 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.