The Insider ownership of Shirpur Gold Refinery Limited is 53.45%
Insider Ownership is calculated as the total number of shares owned by insiders (shareholders who own more than 5% of the corporation or an officer or director of the company) divided by the total Shares Outstanding.
A high value of insider ownership means that those working for the company have a large stake in the success of the company. This is sometimes seen as a sign that those running the company will work hard to ensure its success or believe the company's stock price will rise.
A change in insider ownership may come from exercise of option, stock grant and buying or selling of company shares. A purchase of company share signifies a confidence in the company's future performance by people who know the company best. Therefore, Net Insider buying is also an important indicator for investors.
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.