Gitanjali Gems (NSE:GITANJALI) Shares Outstanding (Basic Average): 119 Mil (As of Sep. 2017)


What is Gitanjali Gems Shares Outstanding (Basic Average)?

Gitanjali Gems NSE:GITANJALI Shares Outstanding (Basic Average) is 119 Mil as of Sep. 2017.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Gitanjali Gems's average basic shares outstanding for the quarter that ended in Sep. 2017 was 119 Mil.

Gitanjali Gems  (NSE:GITANJALI) 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.

Gitanjali Gems Shares Outstanding (Basic Average) Related Terms

Gitanjali Gems Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Gitanjali Gems'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.

Gitanjali Gems Shares Outstanding (Basic Average) Chart

Gitanjali Gems Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.74 92.07 97.04 100.51 114.70

Gitanjali Gems Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Mar17 Jun17 Sep17
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 Premium Member Only Premium Member Only Premium Member Only 102.44 0.00 114.70 118.62 118.62

Gitanjali Gems 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.

What does a Shares Outstanding (Basic Average) of 119 Mil mean?
Gitanjali Gems (NSE:GITANJALI) has a Shares Outstanding (Basic Average) of 119 Mil as of Sep. 2017. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Gitanjali Gems and its competitors.
Is Gitanjali Gems' Shares Outstanding (Basic Average) too high?
Gitanjali Gems' current Shares Outstanding (Basic Average) is 119 Mil.
How does Gitanjali Gems' Shares Outstanding (Basic Average) compare to RGNP?
Gitanjali Gems' Shares Outstanding (Basic Average) of 119 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Retail - Cyclical company?
A good Shares Outstanding (Basic Average) depends on the Retail - Cyclical industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Gitanjali Gems and its competitors. Gitanjali Gems's current Shares Outstanding (Basic Average) is 119 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gitanjali Gems stock overvalued right now?
Gitanjali Gems (NSE:GITANJALI) has a current Shares Outstanding (Basic Average) of 119 Mil. The current Shares Outstanding (Basic Average) is 119 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Gitanjali Gems (NSE:GITANJALI), the current Shares Outstanding (Basic Average) is 119 Mil as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gitanjali Gems Business Description

Address A-1, 7th Floor, Laxmi Tower, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051
Gitanjali Gems Ltd is an integrated branded jewelry manufacturer and retailer. The business activity of the group includes rough diamond sourcing, cutting, polishing, and distribution, to diamond and gold jewelry. It has as an extensive global retail network of about 3,000 points of sale including own stores, shop-in-shops, retailers and franchise outlets. Geographically, the group operates through Indian market; however, it is also expanding its presence across the globe and holds operation in USA, UK, Belgium, Italy, the Middle East, China, Singapore, and Japan. In addition, the group is also engaged in infratech, financial securities, and investment activities.