Sunflag Iron and Steel Co Ltd SUNFLAG.NS
₹455.00 ₹13.00 (2.94%) 1D
Last Updated: Oct 05, 12:00 AM·NSE
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Is Sunflag Iron and Steel Co Ltd Stock Halal?
Shariah Compliance Analysis of SUNFLAG.NS Stock
India Materials Small Cap Yes. As of October 2026, Sunflag Iron and Steel Co Ltd (SUNFLAG.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Sunflag Iron and Steel Co Ltd passes Musaffa's business and financial screening criteria.
Sunflag Iron & Steel Co. Ltd. is a holding company, which engages in the manufacture and trade of iron and steel products. The company is headquartered in Nagpur, Maharashtra and currently employs 1,247 full-time employees. The firm operates through the Iron & Steel Business segment. Its steel categories product includes super alloys, tool steels, SSR 550, spring steels, free cutting steels, forging quality steels, forging quality ingots, micro alloyed steels, engine valve steels, and others. The steel products are manufactured in different shapes and sizes, such as flats, round bars and coils, rolled bars and wires, round cornered squares, and hexagonal. The end product applications of steel grade are engine/motor parts, drive trains - steering systems, transmission and gear boxes, and suspension systems. Its manufacturing facilities include Power Plant (PP), Ingot Casting, Sinter Plant, and Electric Arc Furnace, Ladle Heating Furnace, Mini Blast Furnace. The Company’s subsidiaries include Sunflag Power Limited, and Khappa Coal Company Private Limited.
SUNFLAG.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Sunflag Iron and Steel Co Ltd is classified as halal.
HALALSunflag Iron and Steel Co Ltd (SUNFLAG.NS) Chart
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Financial Metrics & Statements of Sunflag Iron and Steel Co Ltd (SUNFLAG.NS)
FAQ's for Sunflag Iron and Steel Co Ltd (SUNFLAG.NS)
- As of October 2026, Sunflag Iron and Steel Co Ltd SUNFLAG.NS is classified as 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 Sunflag Iron and Steel Co Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Sunflag Iron and Steel Co 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 Sunflag Iron and Steel Co 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 Sunflag Iron and Steel Co 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 Sunflag Iron and Steel Co Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Related Halal Stocks to Sunflag Iron and Steel Co Ltd (SUNFLAG.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
