Halal Penny Stocks Under Rs 10 in 2025

Halal penny stocks under Rs 10 present unique opportunities for value conscious, Shariah-compliant investors. These affordable stocks often fly under the radar but can hold significant upside potential when backed by strong financials and ethical business practices.

In this list, we’ve shortlisted halal stocks priced below ₹10, with a market cap under ₹500 crores, a minimum promoter holding of 50%, and a healthy Return on Equity (ROE) and Return on Capital Employed (ROCE) of at least 10%.

Such stringent criteria help filter out unstable, speculative counters and spotlight fundamentally resilient businesses. While investing in halal penny stocks carries higher risk, selecting companies with solid governance and consistent profitability improves the chances of capturing long-term value. Keeping these Halal penny stocks in your watchlist could reveal overlooked gems within India’s undervalued equity space.

Here is a List of 7 Halal Penny Stocks Under Rs 10 under 500 Crore Market Cap:

Stock Name	Closing Price (₹)	Market Cap (₹ Cr)
Swasti Vinayaka Synthetics Ltd	₹5.55	₹49.95
M K Proteins Ltd	₹6.67	₹250
Veeram Securities Ltd	₹8.93	₹68.30
Shish Industries Ltd	₹8.30	₹315
Sanmit Infra Ltd	₹9.46	₹149.46
Kritika Wires Ltd	₹9.79	₹260
Lorenzini Apparels Ltd	₹9.89	₹171.09

Introduction to Halal Penny Stocks Under Rs 10

1. M K Proteins Ltd

M K Proteins Ltd is engaged in the refining and manufacturing of edible oils, including refined vegetable oils, soybean oil, and sunflower oil. The company supplies to both retail and institutional markets. With the growing demand for processed edible oils in India, M K Proteins continues to strengthen its distribution channels.

Key Highlights (as of May 13, 2025):

• ROE: 20.2%
  
• ROCE: 18.7%
  
• Promoter Holding: 74.8%
  
• Debt to Equity: 0.02
  
• Current Ratio: 13.4

M K Proteins Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 04-08-2024. Investors should reverify its halal status if financials are updated.

2. Lorenzini Apparels Ltd

Lorenzini Apparels Ltd designs, manufactures, and retails men’s and women’s fashion garments. Its product range includes formal shirts, casual shirts, trousers, and jeans under its own private labels. The company’s growing retail presence, particularly in tier-2 and tier-3 cities, is driving its revenue growth and market expansion.

Key Highlights (as of May 13, 2025):

• ROE: 20.5%
  
• ROCE: 19.9%
  
• Promoter Holding: 56.2%
  
• Debt to Equity: 0.24
  
• Current Ratio: 3.13

Lorenzini Apparels Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 14-09-2024. Investors should reverify its halal status if financials are updated.

Also Read : Top 10 listed AC Companies in India with Halal Status

3. Kritika Wires Ltd

Kritika Wires Ltd manufactures steel wires used in infrastructure, power, automotive, and general engineering industries. Its products include galvanized steel wires, earth wires, stay wires, and barbed wires. The company’s strong distribution network and expanding production capacity position it well to capitalize on rising infrastructure investments in India.

Key Highlights (as of May 13, 2025):

• ROE: 11.3%
  
• ROCE: 15%
  
• Promoter Holding: 63.3%
  
• Debt to Equity: 0.54
  
• Current Ratio: 1.71

Kritika Wires Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 06-09-2024. Investors should reverify its halal status if financials are updated.

4. Shish Industries Limited

Shish Industries Limited manufactures plastic corrugated sheets, bubble guard boards, and other innovative packaging solutions. The company serves sectors like industrial packaging, infrastructure, and construction with durable, lightweight, and eco-friendly products. With growing demand for sustainable materials, Shish Industries is steadily expanding its market presence both domestically and internationally.

Key Highlights (as of May 13, 2025):

• ROE: 7.40%
  
• ROCE: 10.1%
  
• Promoter Holding: 66%
  
• Debt to Equity: 0.33
  
• Current Ratio: 2.19

Shish Industries Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 05-09-2024. Investors should reverify its halal status if financials are updated.

5. Sanmit Infra Ltd

Incorporated in 2000, Sanmit Infra Ltd is involved in infrastructure development and petroleum product trading. The company executes civil construction projects and also trades in bio-diesel and lubricants. With a diversified business model and focus on infrastructure, the company aims to strengthen its position in India’s growing construction and fuel management sectors.

Key Highlights (as of May 13, 2025):

• ROE: 13.3%
  
• ROCE: 16.8%
  
• Promoter Holding: 72.3%
  
• Debt to Equity: 0.33
  
• Current Ratio: 2.58

Sanmit Infra Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 05-09-2024. Investors should reverify its halal status if financials are updated.

6. Veeram Securities Ltd

Veeram Securities Ltd operates in the business of gold & silver traditional jewelries & ornaments which are either made with kundan, gem stones, etc. or just plain gold or silver. Company develops their own jewelry designs and produces them in bulk

Key Highlights (as of May 13, 2025):

• ROE: 11.1%
  
• ROCE: 14.9%
  
• Promoter Holding: 55.2%
  
• Debt to Equity: 0.00
  
• Current Ratio: 3.13

Veeram Securities Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 06-09-2024. Investors should reverify its halal status if financials are updated.

7. Swasti Vinayaka Synthetics Ltd

Swasti Vinayaka Synthetics Ltd manufactures and supplies textile fabrics and apparel. The company serves both domestic and export markets with a diverse range of fabrics, including printed, embroidered, and designer textiles. Its long-standing industry presence and consistent operational performance support its market credibility.

Key Highlights (as of May 13, 2025):

• ROE: 10.1%
  
• ROCE: 14.9%
  
• Promoter Holding: 51%
  
• Debt to Equity: 0.23
  
• Current Ratio: 3.74

Swasti Vinayaka Synthetics Ltd stock is Halal and Shariah-compliant based on its latest annual report dated 06-09-2024. Investors should reverify its halal status if financials are updated.

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