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Is NMDC Steel Ltd. Shariah Compliant? | BarakFi | BarakFi
NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%NIFTY 5023,842.75+0.54%SENSEX78,553.20+0.54%NIFTY BANK51,236.80−0.17%NIFTY IT33,156.40+0.75%NIFTY PHARMA19,872.35+0.28%NIFTY AUTO23,145.90−0.48%NIFTY FMCG56,234.15+0.32%INDIA VIX13.42−2.75%
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Home›Screener›NSLNISP
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NSLNISPNSE

NMDC Steel Ltd.

Metals & Mining · Mid Cap · India
₹52.69
▲ ₹6.68 (+14.52%) today
Day Range: ₹50.76 – ₹52.87
Volume: 1.43 Cr · as of 3 Jun 2026, 1:38 pm
Shariah Status
Shariah Compliant
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Last screened 3 Jun 2026, 7:36 pm IST.
Methodology
AAOIFI aligned · 2026.04.2
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Shariah Compliant
Compliance
Market Data
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Shariah Compliance Breakdown
Debt Ratio
Interest-bearing debt compared to methodology denominator (AAOIFI: total assets). Must stay below 30%.
Disclaimer:The information on this page is for educational purposes only and does not constitute a religious ruling (fatwa) or financial advice. Shariah compliance status is derived from publicly available financial data and BarakFi's methodology mapping. Individual scholars may reach different conclusions. Always consult a qualified Islamic finance scholar and a licensed financial advisor before making investment decisions.
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Shariah-compliant equity screening for the Indian market.

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© 2026 BarakFi · Educational screening · Not a religious ruling or financial adviceMade in India
Threshold: 30%
20.7%
Pass
Interest Income
Interest and treasury-based income as a share of business income. Must stay below 5%.
Threshold: 5%
0.0%
Pass
Non-permissible Income
Non-halal income compared to total business income. Must stay below 5%.
Threshold: 5%
Not detected
Pass
Accounts Receivable
Receivables compared to methodology denominator (AAOIFI: total assets). Must stay below 49%.
Threshold: 49%
0.7%
Pass
Business Activity
Core business lines should avoid prohibited sectors and interest-driven revenue dependence.
Allowed
Pass
Cash & Interest-bearing Assets
Cash, equivalents, and interest-bearing balances compared to total assets. Must stay below 30%.
Threshold: 30%
0.0%
Pass
Why Shariah Compliant
NMDC Steel Ltd. currently screens as Shariah compliant on BarakFi. All required checks pass with current data.
Market Data
Current Price
₹52.69
Day Range
₹50.76 – ₹52.87
52-Week Range
₹33.01 – ₹53.75
Volume
1.43 Cr
Market Cap
₹15,371 Cr
P/E Ratio
—
About NMDC Steel Ltd.

NMDC Steel Ltd. produces iron ore. The firm owns and operates mechanized iron ore mines in Chhattisgarh and Karnataka. The firm is producing about 35 million tons per annum (MTPA) of iron ore from its iron producing units from Bailadila Sector in Chhattisgarh and Donimalai in Bellary-Hospet region in Karnataka. The firm is also engaged in setting up a 3 million tone (MT) integrated steel plant at Nagarnar, Chhattisgarh. This plant is designed to produce hot rolled coil/ sheets/ plates.

BarakFi combines that company context with filing-driven screening ratios, market-cap evidence, and live quote snapshots so you can review the stock through a Shariah-screening lens without losing the underlying business picture.

Index and universe context: Nifty 500 • Nifty SMALLCAP 100.

Metals & MiningMid CapIndiaNSENifty 500Nifty SMALLCAP 100
Other Stocks in Metals & Mining
VEDL
Vedanta Limited
Compliant
JSWSTEEL
JSW Steel Limited
Not Compliant
COALINDIA
Coal India Limited
Compliant
TATASTEEL
Tata Steel Limited
Compliant
HINDZINC
Hindustan Zinc Ltd.
Not Compliant
Key Compliance Ratios
Debt Ratio20.7%
Interest Income0.0%
Non-permissible IncomeNot detected
Receivables Ratio0.7%
Overall StatusCompliant
Stock Information
TickerNSLNISP
ExchangeNSE
SectorMetals & Mining
CountryIndia
Market Cap₹15,371 Cr
36M Avg MCap₹13,504 Cr
Cap SizeMid Cap
About this Screening
This page uses an AAOIFI-aligned methodology version 2026.04.2, checking debt, interest income, non-permissible income, receivables, and balance-sheet context from the current filings dataset.

This is educational only — not a religious ruling or financial advice. Read the full methodology for threshold context and update cadence.

Read full methodology →
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