Shri Hare-Krishna Sponge Iron Ltd SHKSIL.NS
₹31.30 ₹0.15 (0.48%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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Is Shri Hare-Krishna Sponge Iron Ltd Stock Halal?
Shariah Compliance Analysis of SHKSIL.NS Stock
India Materials Nano Cap No. As of October 2026, Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Shri Hare-Krishna Sponge Iron Ltd does not pass Musaffa's business and financial screening criteria.
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.
SHKSIL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Shri Hare-Krishna Sponge Iron Ltd is classified as not halal.
NOT HALALShri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS) Chart
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Financial Metrics & Statements of Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS)
FAQ's for Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS)
- As of October 2026, Shri Hare-Krishna Sponge Iron Ltd SHKSIL.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 Shri Hare-Krishna Sponge Iron Ltd using these criteria to determine its compliance status.
- 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.
- 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.
- 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.
- 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 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.
Alternate Halal Stocks for Shri Hare-Krishna Sponge Iron Ltd (SHKSIL.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
