Steel Exchange India Ltd STEELXIND.NS
₹11.12 ₹0.11 (0.98%) 1D
Last Updated: Oct 05, 12:00 AM·NSE
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Is Steel Exchange India Ltd Stock Halal?
Shariah Compliance Analysis of STEELXIND.NS Stock
India Materials Micro Cap No. As of October 2026, Steel Exchange India Ltd (STEELXIND.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Steel Exchange India Ltd does not pass Musaffa's business and financial screening criteria.
Steel Exchange India Ltd. engages in the manufacturing and sale of iron and steel products and generation and sale of power. The company is primarily engaged in the manufacturing of steel products and allied activities at its integrated steel plant (ISP) located close to Visakhapatnam, Andhra Pradesh. The ISP has approximately 220000 million tons per annum (MTPA) sponge iron unit, 3,62,000 MTPA steel melt shop/billet units, 3,57,000 MTPA rolling mill and a 60-megawatts (MW) captive power plant. The Company’s segments include Steel and Power. The Steel segment includes production and marketing operations of Sponge iron, Billets & Rebars (TMT). The Power segment includes generation and marketing operations of Thermal based power. Its Simhadri TMT bars are available in grades Fe500D, Fe550D and Fe500D CRS and in sizes ranging from eight millimeters (mm) to 32mm. The company also manufactures sponge iron, billets, and TMT bars.
STEELXIND.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Steel Exchange India Ltd is classified as not halal.
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Financial Metrics & Statements of Steel Exchange India Ltd (STEELXIND.NS)
FAQ's for Steel Exchange India Ltd (STEELXIND.NS)
- As of October 2026, Steel Exchange India Ltd STEELXIND.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 Steel Exchange India Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Steel Exchange India 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 Steel Exchange India 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 Steel Exchange India 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 Steel Exchange India 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 Steel Exchange India Ltd (STEELXIND.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
