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Spectrum Electrical Industries (NSE:SPECTRUM) Shares Outstanding (Basic Average) : 16 Mil (As of Mar. 2024)


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What is Spectrum Electrical Industries Shares Outstanding (Basic Average)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Spectrum Electrical Industries's average basic shares outstanding for the quarter that ended in Mar. 2024 was 16 Mil.


Spectrum Electrical Industries Shares Outstanding (Basic Average) Historical Data

The historical data trend for Spectrum Electrical Industries's Shares Outstanding (Basic Average) 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.

* Premium members only.

Spectrum Electrical Industries Shares Outstanding (Basic Average) Chart

Spectrum Electrical Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.10 15.11 15.12 15.12 15.60

Spectrum Electrical Industries Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.14 15.15 15.08 15.13 16.08

Spectrum Electrical Industries Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.


Spectrum Electrical Industries  (NSE:SPECTRUM) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Spectrum Electrical Industries Shares Outstanding (Basic Average) Related Terms

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Spectrum Electrical Industries Business Description

Traded in Other Exchanges
N/A
Address
Office No. 501, A&B, Omega Building, 5th Floor, Omega Tower, Hiranandani Garden, Powai, Mumbai, MH, IND, 400076
Spectrum Electrical Industries Ltd is an India based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile and irrigation components. It offers a range of products under the domain of the electrical component including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, caliper, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds, dies press tools. The company mainly offers its products in the Indian market and it also exports some of its products.

Spectrum Electrical Industries Headlines

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