Sigachi Industries (NSE:SIGACHI) 1-Year Share Buyback Ratio : -3.10% (As of Dec. 2024 )

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What is Sigachi Industries 1-Year Share Buyback Ratio?

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

1-Year Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past year, calculated as the percentage change in shares outstanding from the previous year to the current year. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Sigachi Industries's current 1-Year Share Buyback Ratio was -3.10%.

NSE:SIGACHI's 1-Year Share Buyback Ratio is ranked worse than
55.68% of 537 companies
in the Drug Manufacturers industry
Industry Median: -1.9 vs NSE:SIGACHI: -3.10

Competitive Comparison of Sigachi Industries's 1-Year Share Buyback Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Sigachi Industries's 1-Year Share Buyback Ratio, along with its competitors' market caps and 1-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sigachi Industries's 1-Year Share Buyback Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Sigachi Industries's 1-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Sigachi Industries's 1-Year Share Buyback Ratio falls into.

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Sigachi Industries 1-Year Share Buyback Ratio Calculation

Sigachi Industries's 1-Year Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

1-Year Share Buyback Ratio	=	(Shares Outstanding (EOP) (Dec. 2023 )	-	Shares Outstanding (EOP) (Dec. 2024 ))	/	Shares Outstanding (EOP) (Dec. 2023 )
	=	(323.477	-	333.447)	/	323.477
	=	-3.1%

* 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.

Sigachi Industries (NSE:SIGACHI) 1-Year Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Sigachi Industries 1-Year Share Buyback Ratio Related Terms

Sigachi Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sigachi Industries Ltd (NSE:SIGACHI) » Definitions » 1-Year Share Buyback Ratio

Traded in Other Exchanges

543389:India

Address

No. 229/1 & 90, Kalyan’s Tulsiram Chambers, Madinaguda, Hyderabad, TG, IND, 500 049

Website

https://www.sigachi.com

Sigachi Industries Ltd is engaged in the manufacturing of Microcrystalline Cellulose (MCC), which is widely used as an excipient for finished dosages in the pharmaceutical industry. The Company is mainly pursuing only one activity which is manufacturing and selling of MCC. The company manufactures MCC of various grades ranging from 15 microns to 250 microns and the crucial grades of MCC manufactured and marketed by the company are branded as HiCel and AceCel.

Sigachi Industries Headlines

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