Ashirwad Steels & Industries's quarterly market cap
increased
from Sep. 2023 (₹362.25 Mil) to Dec. 2023 (₹624.25 Mil) but then
declined
from Dec. 2023 (₹624.25 Mil) to Mar. 2024 (₹483.25 Mil).
Ashirwad Steels & Industries's annual market cap
increased
from Mar. 2022 (₹196.13 Mil) to Mar. 2023 (₹235.00 Mil) and
increased
from Mar. 2023 (₹235.00 Mil) to Mar. 2024 (₹483.25 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Ashirwad Steels & Industries's Enterprise Value for Today is ₹647.18 Mil.
Ashirwad Steels & Industries Market Cap Historical Data
* 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.
Competitive Comparison of Ashirwad Steels & Industries's Market Cap
For the Steel subindustry, Ashirwad Steels & Industries's Market Cap, along with its competitors' market caps and Market Cap 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.
Ashirwad Steels & Industries's Market Cap Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ashirwad Steels & Industries's Market Cap distribution charts can be found below:
* The bar in red indicates where Ashirwad Steels & Industries's Market Cap falls into.
Ashirwad Steels & Industries Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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.
Ashirwad Steels & Industries (BOM:526847) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Ashirwad Steels & Industries Market Cap Related Terms
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Ashirwad Steels & Industries (BOM:526847) Business Description
Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.
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