Mindteck (India) (NSE:MINDTECK) 6-Month Share Buyback Ratio : -0.18% (As of Dec. 2024 )

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What is Mindteck (India) 6-Month Share Buyback Ratio?

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

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Mindteck (India)'s current 6-Month Share Buyback Ratio was -0.18%.

Competitive Comparison of Mindteck (India)'s 6-Month Share Buyback Ratio

For the Information Technology Services subindustry, Mindteck (India)'s 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month 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.

Mindteck (India)'s 6-Month Share Buyback Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Mindteck (India)'s 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Mindteck (India)'s 6-Month Share Buyback Ratio falls into.

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Mindteck (India) 6-Month Share Buyback Ratio Calculation

Mindteck (India)'s 6-Month Share Buyback Ratio for the quarter that ended in Dec. 2024 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Jun. 2024 )	-	Shares Outstanding (EOP) (Dec. 2024 ))	/	Shares Outstanding (EOP) (Jun. 2024 )
	=	(31.790	-	31.848)	/	31.790
	=	-0.18%

* 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.

Mindteck (India) (NSE:MINDTECK) 6-Month 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.

Mindteck (India) 6-Month Share Buyback Ratio Related Terms

Mindteck (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mindteck (India) Ltd (NSE:MINDTECK) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

517344:India

Address

Hosur Main Road, No. 664, 23/24, AMR Tech Park, Block-1, 3rd Floor, Bommanahalli, Bengaluru, KA, IND, 560068

Website

https://www.mindteck.com

Mindteck (India) Ltd provides product engineering and information technology services to clients, startups, universities, and the government. Its operations include providing software services to external customers and providing IT-enabled services to subsidiaries within the group. The company's core offerings are Product Engineering, Application Software, Electronic Design, Testing, IT Infrastructure & Managed Services, R&D Services, Energy Management Software Solutions, and Enterprise Business Services. Geographically, the group has a business presence in the United States, India, and other countries, of which key revenue is derived from the United States.

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