Solex Energy Ltd SOLEX.NS
₹670.95 ₹6.55 (0.97%) 1D
Last Updated: Oct 01, 12:00 AM·NSE
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Is Solex Energy Ltd Stock Halal?
Shariah Compliance Analysis of SOLEX.NS Stock
India Information Technology Micro Cap No. As of October 2026, Solex Energy Ltd (SOLEX.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Solex Energy Ltd does not pass Musaffa's business and financial screening criteria.
Solex Energy Ltd. engages in the business of manufacturing solar photovoltaic modules along with providing turnkey solar solutions. The company is headquartered in Surat, Gujarat and currently employs 713 full-time employees. The company went IPO on 2018-02-05. The firm provides turnkey solar solutions across different segments, like solar power plants, solar water pumps, and utility-scale ground-mounted solar power plants. The firm is a manufacturer of solar photo-voltaic modules, as well as in the Engineering, Procurement and Construction (EPC) in the solar energy market, wherein the manufactured modules. The Company’s solutions include Solar Residential Rooftop, Solar Industrial Rooftop, Solar Power Plant, and Solar Charging Stations. Its solar projects include SKY PGVCL Solar Farm (2019-20): Gujarat Ground Mount Project, JREDA Rooftop Solar (2017-18): Lighting Jharkhand - Project 1, JREDA Rooftop Solar (2017-18): Illuminating Jharkhand - Project 2, and others. The company serves various industries, including government, real estate, agriculture, educational institutes, banking institutions, residential societies and others.
SOLEX.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Solex Energy Ltd is classified as not halal.
NOT HALALSolex Energy Ltd (SOLEX.NS) Chart
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Financial Metrics & Statements of Solex Energy Ltd (SOLEX.NS)
FAQ's for Solex Energy Ltd (SOLEX.NS)
- As of October 2026, Solex Energy Ltd SOLEX.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 Solex Energy Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Solex Energy 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 Solex Energy 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 Solex Energy 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 Solex Energy 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 Solex Energy Ltd (SOLEX.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
