Shringar House of Mangalsutra Ltd SHRINGARMS.NS
₹221.03 ₹2.96 (1.32%) 1D
Last Updated: Oct 07, 12:00 AM·NSE
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Is Shringar House of Mangalsutra Ltd Stock Halal?
Shariah Compliance Analysis of SHRINGARMS.NS Stock
India Consumer Discretionary Micro Cap No. As of October 2026, Shringar House of Mangalsutra Ltd (SHRINGARMS.NS) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. Shringar House of Mangalsutra Ltd does not fully pass Musaffa's business and financial screening criteria.
Shringar House of Mangalsutra Ltd. engages in the designing, manufacturing, and marketing a varied range of Mangalsutra. The company is headquartered in Mumbai, Maharashtra and currently employs 237 full-time employees. The company went IPO on 2025-09-17. The firm is engaged in designing, manufacturing, and marketing, a varied range of Mangalsutra studded with diverse range of stones including but not limited to, American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18 Karat (k) and 22k purity of gold, to its business-to-business clients. The Company’s products include Bridal Mangalsutra, God Edition Mangalsutra, Trendsetter Mangalsutra, Formal Mangalsutra, Santos Mangalsutra, Fancy Mangalsutra, Micro Mangalsutra, Classic Mangalsutra, FIO Mangalsutra, Kalki Mangalsutra, Kolkata Mangalsutra, Maharashtra Mangalsutra, Rose Gold Mangalsutra, Kolhapuri Mangalsutra, Glam Mangalsutra, Rudraksh & Tulsi Mala, Divine Mangalsutra, Ring Mangalsutra, and Bracelets Mangalsutra. The company supplies its products to a diverse range of clients including Corporate Clients, wholesale jewelers, and retailers.
SHRINGARMS.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Shringar House of Mangalsutra Ltd is classified as doubtful.
DOUBTFULShringar House of Mangalsutra Ltd (SHRINGARMS.NS) Chart
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Financial Metrics & Statements of Shringar House of Mangalsutra Ltd (SHRINGARMS.NS)
FAQ's for Shringar House of Mangalsutra Ltd (SHRINGARMS.NS)
- As of October 2026, Shringar House of Mangalsutra Ltd SHRINGARMS.NS is classified as doubtful 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 Shringar House of Mangalsutra Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Shringar House of Mangalsutra 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 Shringar House of Mangalsutra 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 Shringar House of Mangalsutra 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 Shringar House of Mangalsutra 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 Shringar House of Mangalsutra Ltd (SHRINGARMS.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
