The Market cap of Shirpur Gold Refinery Limited is $1.83M
Market capitalization is the market value at a point in time of the shares outstanding of a publicly traded company, being equal to the share price at that point of time times the number of shares outstanding.
= outstanding shares * previous day’s close
As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.
Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. In performing such rankings, the market capitalizations are calculated at some significant date, such as 30 June or 31 December.
The total capitalization of stock markets or economic regions may be compared with other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 and rose as high as US$57.5 trillion in May 2008 before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. In 2014 and 2015, global market capitalization was US$68 trillion and US$67 trillion, respectively.
Shirpur Gold Refinery Limited, together with its subsidiaries, engages in refining, manufacturing, trading, and marketing of precious metal products in India. The company offers gold bars, gold coins, and gold jewelry. It also exports its gold jewelry. The company was formerly known as Agee Gold Refiners Limited and changed its name to Shirpur Gold Refinery Limited in March 2002. Shirpur Gold Refinery Limited was incorporated in 1984 and is based in Mumbai, India.