Is Sintex Plastics Technology Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sintex Plastics Technology Ltd (SPTL.NS) is currently classified as NOT HALAL as of April 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 Sintex Plastics Technology 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 Sintex Plastics Technology Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sintex Plastics Technology Ltd?

Muslim investors may consider investing in Sintex Plastics Technology 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 Sintex Plastics Technology Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Sintex Plastics Technology 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 Sintex Plastics Technology Ltd updated?

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

Can a halal stock like Sintex Plastics Technology 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 Sintex Plastics Technology Ltd?

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

Sintex Plastics Technology Ltd SPTL.NS

₹1.06

Last Updated: Jun 13, 12:00 AM·NSE

SPTL.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 16, 2024

Report Source: 2023 Annual Report

Sintex Plastics Technology Ltd. Stock Analysis SPTL.NS

India Materials Nano Cap Report: 2023 Annual

Sintex Plastics Technology Ltd. engages in the dealing and trading of plastic products. The company is headquartered in Ahmedabad, Gujarat and currently employs 2,027 full-time employees. The company went IPO on 2017-08-08. The firm operates two segments: Custom Molding Business (CM), and Infra, prefab and other business (IPB). The firm's solutions include electrical solutions, water management solutions, environmental solutions, energy solutions, interior solutions, material handling, telecom solutions and industrial solutions. Its product offering includes water storage solutions, interior, electrical and SMC products, environmental and green solutions, industrial and BAPL. The Company’s subsidiaries include Sintex-BAPL Limited, which is engaged in developing and delivering high-end custom molded products and solutions to various sectors, and Sintex Prefab and Infra Limited, which undertakes engineering, procurement and construction (EPC) contracts for various infrastructure projects across the country. The firm is under the corporate insolvency resolution process.

Key Statistics of Sintex Plastics Technology Ltd (SPTL.NS)

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

Today's Range

₹1.05₹1.06

Today's Open

₹1.06

Volume

1.45M

P/E Ratio (TTM)

52 Week Range

₹1.00₹3.60

Market Cap

674.32M

Avg. Volume

1.73M

Dividend Yield

Financial Metrics & Statements of Sintex Plastics Technology Ltd (SPTL.NS)

FAQ's for Sintex Plastics Technology Ltd (SPTL.NS)

According to Musaffa’s Shariah screening methodology, Sintex Plastics Technology Ltd (SPTL.NS) is currently classified as NOT HALAL as of April 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.