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Is Solar Industries India Limited 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›SOLARINDS
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SOLARINDSNSE

Solar Industries India Limited

Chemicals · Large Cap · India
₹18,247
▼ ₹130 (-0.71%) today
Day Range: ₹18,027 – ₹18,874
Volume: 4.9 L · as of 30 May 2026, 6:16 am
Shariah Status
Shariah Compliant
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Last screened 29 May 2026, 7:38 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.
BarakFi
Shariah-compliant stock research for Indian equities. Educational only.
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© 2026 BarakFi · Educational screening · Not a religious ruling or financial adviceMade in India
Threshold: 30%
13.4%
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%
17.0%
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%
4.3%
Pass
Why Shariah Compliant
Solar Industries India Limited currently screens as Shariah compliant on BarakFi. All required checks pass with current data.
Market Data
Current Price
₹18,247
Day Range
₹18,027 – ₹18,874
52-Week Range
₹11,646 – ₹18,874
Volume
4.9 L
Market Cap
₹1.65 L Cr
P/E Ratio
93.2×
About Solar Industries India Limited

Solar Industries India Ltd. manufactures, supplies and exports industrial explosives and initiating systems. The company is headquartered in Nagpur, Maharashtra and currently employs 8,215 full-time employees. The company went IPO on 2006-03-28. The firm is primarily involved in the manufacturing of complete range of industrial explosives and explosive initiating devices. Its segment is Explosives and its accessories. The firm's products include industrial explosives and defense. Its industrial explosives products include packaged emulsion explosives, bulk explosives and explosive initiating systems. The company is a domestic manufacturer of bulk and cartridge explosives, detonators, detonating cords and components. The firm's defense products include high energy materials, such as HMX, RDX, TNT and their compounds; composite propellants for Pinaka, Akash, Brahmos, PSOMXL and Skyroot, among others; 30 mm ammunition, multi-mode hand grenade, mines, warheads, bund blasting device; artillery fuses, ASW fuses, Pyros and igniters; chaff payloads; loitering munition; rocket integration, and explosives filling of ammunition.

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 100 • Nifty 50 • Nifty 500.

ChemicalsLarge CapIndiaNSENifty 100Nifty 50Nifty 500
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Key Compliance Ratios
Debt Ratio13.4%
Interest Income0.0%
Non-permissible IncomeNot detected
Receivables Ratio17.0%
Overall StatusCompliant
Stock Information
TickerSOLARINDS
ExchangeNSE
SectorChemicals
CountryIndia
Market Cap₹1.65 L Cr
36M Avg MCap₹91,835 Cr
Cap SizeLarge 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.

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