Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Spectrum Electrical Industries's average basic shares outstanding for the quarter that ended in Dec. 2025 was 16 Mil.
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.
Spectrum Electrical Industries Shares Outstanding (Basic Average) Related Terms
Spectrum Electrical Industries Shares Outstanding (Basic Average) 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.
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 16 Mil mean?
Spectrum Electrical Industries (NSE:SPECTRUM) has a Shares Outstanding (Basic Average) of 16 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Spectrum Electrical Industries and its competitors.
Is Spectrum Electrical Industries' Shares Outstanding (Basic Average) too high?
Spectrum Electrical Industries' current Shares Outstanding (Basic Average) is 16 Mil. Overall, Spectrum Electrical Industries has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spectrum Electrical Industries' Shares Outstanding (Basic Average) compare to VRT and BE?
Spectrum Electrical Industries' Shares Outstanding (Basic Average) of 16 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Shares Outstanding (Basic Average) depends on the Industrial Products 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 Spectrum Electrical Industries and its competitors. Spectrum Electrical Industries's current Shares Outstanding (Basic Average) is 16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spectrum Electrical Industries stock overvalued right now?
Based on GuruFocus' analysis, Spectrum Electrical Industries (NSE:SPECTRUM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,232.04, compared to a current price of ₹1,789.10 — trading 19.8% below its estimated fair value. The current Shares Outstanding (Basic Average) is 16 Mil. Spectrum Electrical Industries' overall GF Score™ is 93/100 with 4 warning signs to review. 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 Spectrum Electrical Industries (NSE:SPECTRUM), the current Shares Outstanding (Basic Average) is 16 Mil as of Dec. 2025. 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.
Is Spectrum Electrical Industries (NSE:SPECTRUM) Overvalued in 2026?
Based on GuruFocus' analysis, Spectrum Electrical Industries stock appears to be undervalued.
The current stock price of ₹1,789.10 is trading 19.8% below its estimated GF Value™ of ₹2,232.04.
GuruFocus considers Spectrum Electrical Industries to be Modestly Undervalued.
Key valuation signals for NSE:SPECTRUM:
Shares Outstanding (Basic Average): 16 Mil
GF Value™: ₹2,232.04 vs. price of ₹1,789.10 (19.8% below fair value)
No single metric tells the full story. See the NSE:SPECTRUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spectrum Electrical Industries Business Description
Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a range of electrical components, including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds and dies, press tools. The company mainly offers its products in the Indian market, and it also exports some of its products.
93GF Score
Get the complete analysis for NSE:SPECTRUM
Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SPECTRUM has been successfully added to your 
