Usha Martin Ltd USHAMART.NS
₹501.10 ₹3.90 (0.77%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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Is Usha Martin Ltd Stock Halal?
Shariah Compliance Analysis of USHAMART.NS Stock
India Materials Small Cap Yes. As of October 2026, Usha Martin Ltd (USHAMART.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Usha Martin Ltd passes Musaffa's business and financial screening criteria.
Usha Martin Ltd. engages in the manufacture of wire ropes and steel. The firm is also engaged in the manufacturing of wires, low relaxation prestressed concrete steel strand (LRPC), wires, prestressing solutions, cables, and bespoke end-fitments and accessories. Its segments include Wire and Wire ropes, and Others. The Wire and Wire ropes segment is engaged in the manufacturing and sale of steel wires, strands, wire ropes, cords, related accessories, wire drawing and allied machine, among others. The Others segment is engaged in the manufacturing and sale of jelly filled and optical fiber telecommunication cables. The company provides various wire ropes, such as crane rope, mining rope, elevator rope, oil and offshore rope, fishing rope, general engineering rope, aerial transportation rope, structural rope, and conveyor rope. Its LRPC strands include unbonded polymer coated LRPC strand, bonded polymer coated LRPC strand, compacted LRPC strand, and intended LRPC strand.
USHAMART.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Usha Martin Ltd is classified as halal.
HALALUsha Martin Ltd (USHAMART.NS) Chart
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Financial Metrics & Statements of Usha Martin Ltd (USHAMART.NS)
FAQ's for Usha Martin Ltd (USHAMART.NS)
- As of October 2026, Usha Martin Ltd USHAMART.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 Usha Martin Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Usha Martin 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 Usha Martin 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 Usha Martin 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 Usha Martin 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 Usha Martin Ltd (USHAMART.NS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
