Is Shrenik Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Shrenik Ltd (SHRENIK.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 Shrenik 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 Shrenik Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Shrenik Ltd?

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

Musaffa determines the Shariah status of Shrenik 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 Shrenik Ltd updated?

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

Can a halal stock like Shrenik 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 Shrenik Ltd?

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

Shrenik Ltd SHRENIK.NS

₹0.40 ₹0.01 (2.56%) 1D

Last Updated: May 15, 12:00 AM·NSE

SHRENIK.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 15, 2024

Report Source: 2024 Annual Report

Shrenik Ltd. Stock Analysis SHRENIK.NS

India Industrials Nano Cap Report: 2024 Annual

Shrenik Ltd. engages in the trading of paper products. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-07-18. The firm operates in a single segment, which is the trading of paper. The Company’s products include writing and printing paper, coated paper, hi bright paper, copier paper, folding box board, and duplex board.

Key Statistics of Shrenik Ltd (SHRENIK.NS)

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

Today's Range

₹0.39₹0.40

Today's Open

₹0.39

Volume

220.70K

P/E Ratio (TTM)

52 Week Range

₹0.36₹0.68

Market Cap

244.80M

Avg. Volume

353.45K

Dividend Yield

Financial Metrics & Statements of Shrenik Ltd (SHRENIK.NS)

FAQ's for Shrenik Ltd (SHRENIK.NS)

According to Musaffa’s Shariah screening methodology, Shrenik Ltd (SHRENIK.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.