Surani Steel Tubes (NSE:SURANI) Shares Buyback Ratio % : -1.30 (As of Jun. 02, 2024)

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What is Surani Steel Tubes Shares Buyback Ratio %?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

GuruFocus calculates shares buyback ratio using previous shares outstanding minus the current shares outstanding, and then divides by previous shares outstanding. Surani Steel Tubes's current shares buyback ratio was -1.30%.

Surani Steel Tubes Shares Buyback Ratio % Historical Data

The historical data trend for Surani Steel Tubes's Shares Buyback Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Surani Steel Tubes Shares Buyback Ratio % Chart

Surani Steel Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

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Mar23

Shares Buyback Ratio %

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Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23
Shares Buyback Ratio %	Get a 7-Day Free Trial										-	-	-	-	-1.30

Surani Steel Tubes Shares Buyback Ratio % Calculation

Surani Steel Tubes's Shares Buyback Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Shares Buyback Ratio	=	(Shares Outstanding (EOP) (A: Mar. 2022 )	-	Shares Outstanding (EOP) (A: Mar. 2023 ))	/	Shares Outstanding (EOP) (A: Mar. 2022 )
	=	(8.284	-	8.284)	/	8.284
	=	0.00%

Surani Steel Tubes's Shares Buyback Ratio for the quarter that ended in Sep. 2023 is calculated as

Shares Buyback Ratio	=	(Shares Outstanding (EOP) (A: Mar. 2023 )	-	Shares Outstanding (EOP) (A: Sep. 2023 ))	/	Shares Outstanding (EOP) (A: Mar. 2023 )
	=	(8.284	-	8.392)	/	8.284
	=	-1.30%

Surani Steel Tubes Shares Buyback Ratio % Related Terms

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Surani Steel Tubes (NSE:SURANI) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surani Steel Tubes Ltd (NSE:SURANI) » Definitions » Shares Buyback Ratio %

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Address

Bayad Road, Sr. No. 110,115, Opposite Vinayak TMT, Village Sampa, Taluka Dahegam, Gandhinagar, GJ, IND, 382315

Website

https://www.suranisteel.com

Surani Steel Tubes Ltd is engaged in manufacturing and supplying ERW pipes and steel tubes. The company operates a single segment named manufacturing ERW MS PIPES and trading of MS PIPE. The company's products include ERW Round Pipes and Tubes, Square and Rectangle Hollow Sections, MS Slit Coils and Strips, Hot Roll Coils, and Brochures. Geographically, it operates only in India.

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