Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Nitin Spinners's share price for the quarter that ended in Mar. 2024 was ₹323.9. Nitin Spinners's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 56 Mil. Therefore, Nitin Spinners's market cap for the quarter that ended in Mar. 2024 was ₹18,210 Mil.
Nitin Spinners's quarterly market cap
increased
from Sep. 2023 (₹16,419 Mil) to Dec. 2023 (₹18,159 Mil) and
increased
from Dec. 2023 (₹18,159 Mil) to Mar. 2024 (₹18,210 Mil).
Nitin Spinners's annual market cap
declined
from Mar. 2022 (₹12,756 Mil) to Mar. 2023 (₹12,692 Mil) but then
increased
from Mar. 2023 (₹12,692 Mil) to Mar. 2024 (₹18,210 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. Nitin Spinners's Enterprise Value for Today is ₹32,835 Mil.
Nitin Spinners Market Cap Historical Data
The historical data trend for Nitin Spinners's Market Cap 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.
Competitive Comparison of Nitin Spinners's Market Cap
For the Textile Manufacturing subindustry, Nitin Spinners'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.
Nitin Spinners's Market Cap Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitin Spinners's Market Cap distribution charts can be found below:
* The bar in red indicates where Nitin Spinners's Market Cap falls into.
Nitin Spinners 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.
Nitin Spinners's Market Cap for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Nitin Spinners (BOM:532698) 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.
Nitin Spinners Market Cap Related Terms
Thank you for viewing the detailed overview of Nitin Spinners's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Nitin Spinners Ltd is an Indian company engaged in the textile business. It manufactures products such as cotton yarn and cotton knitted fabric. Its product comprises Yarn, Knitted Fabrics, Woven Fabrics, and Others. The yarn product, which is the key revenue driver, includes open-end yarns, multifold open-end yarns, ring-spun combed yarns, multifold ring spun yarns, compact yarns, fancy slub yarns, and ore spun yarns. The cotton knitted fabrics comprise single jersey, pique structures, interlock structures, rib structures, and three thread fleece. The company carries out sales within India as well as exports to other countries.
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