ramsarup industries ltd.infrastructure projects. ramsarup industries ltd was incorporated july 9,...

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1 | P A G E

SECTOR: STEEL REPORTING DATE: 31ST MAY, 2016

Ramsarup Industries Ltd www.ramsarup.com

Ramsarup Industries Ltd. 31st May, 2016 TABLE 1 - MARKET DATA (STANDALONE) (As on 27th May, 2016)

NSE Code - RAMSARUP NSE Market Price (₹) 1.70 NSE Market Cap. (₹ Cr.) 4.81

Sector - Steel Face Value (₹) 10.00 Equity (₹ Cr.) 35.08

52-week High/Low (₹) 3.60/0.85 Net worth (₹ Cr.) -1,158.48

Business Group - Indian Private TTM P/E N.A. Traded Volume (Shares) 5,222

Year of Incorporation - 1979 TTM P/BV N.A. Traded Volume (lacs) 0.09

Source - Capitaline

Corporate Office: COMPANY BACKGROUND

7C, Kiran Shankar Roy Rd, 2nd Flr, Ramsarup Industries Limited produces and distributes iron and steel products, wire

products, pig iron, sponge iron, TMT bars, and galvanized and black wires in India. It

operates through three segments: Wire & Steel Products, Power Generation, and

Infrastructure. The Company’s wire products include hot dipped and electroplated

galvanized iron wires, galvanized steel strands, H.B. wires, cable armour wires, cable

armouring formed wires, ACSR core single and stranded wires, P.C. single wires, P.C.

strand 3 ply and 7 ply wires, bright and galvanized spoke wires, cycle accessories wires,

shutter spring wires, spring steel wires, telegraph wires, black and galvanized rope wires,

umbrella rib wires, chain rivet/link wires, cotton bailing wires, and low relaxation pre-

stressed concrete strands/wires. Its wire products are used in various applications,

including general engineering; I.E. netting, fencing, barbing, and other applications;

electrical and transmission lines; re-enforcement of concrete poles and other concrete

structures; springs; and rope making and auto cables, as well as in the nail, cable and

conductor, prestressed concrete, cycle and two wheelers, telecom, umbrella, chain, and

cotton bailing industries. The Company’s TMT bars are used in the railways, power,

housing, roads and bridges, water management, and defence sectors. It is also involved in

the wind power generation activities; and turnkey projects contracts for various

infrastructure projects. Ramsarup Industries Ltd was incorporated July 9, 1979 as a public

limited Company in West Bengal with the name Karunanidhi Investments & Trading

Company Ltd. As per the scheme of amalgamation, Ramsarup Engineering Industries Ltd,

promoted by Ashish Jhunjhunwala amalgamated with the Company with effect from 1st

April, 2001. In 11th June, 2002, the Company changed their name from Karunanidhi

Investments & Trading Company Ltd to Ramsarup Engineering Industries Ltd. In 30th

March, 2005, the name of the Company was changed from Ramsarup Engineering

Industries Ltd to Ramsarup Industries Ltd.

Hastings Chambers, Room No. 1,

Kolkata – 700 001, West Bengal

Company Website:

www.ramsarup.com

TABLE 2 - PRICE PERFORMANCE

27th May, 2016 29th May, 2015 30th May, 2014

% Change CAGR for

2 years 2016 vs 2015 2015 vs 2014

Price (₹) 1.70 1.70 3.65 0.00% -53.42% -31.75%

Trading Volume (Shares)

(yearly avg.) 3,312 4,320 2,099 -23.34% 105.81% -

NSE Market Cap. (in ₹ Cr.) 5.96 5.96 12.8 0.00% -53.44% -31.76%

Source - Money Control

http://www.ramsarup.com/




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TABLE 3 - FINANCIALS

(₹ Cr.) 2015 2014 2013 % Change CAGR for 2

years 2015 vs 2014 2014 vs 2013

Net Worth -1,158.48 -975.46 -486.46 N.A. N.A. N.A.

Current Assets 55.32 62.29 80.82 -11.19% -22.93% -17.27%

Non-Current Assets 2,211.68 2,265.73 2,283.25 -2.39% -0.77% -1.58%

Total Assets 2,267.00 2,328.03 2,364.06 -2.62% -1.52% -2.07%

Investments 66.53 68.69 69.00 -3.14% -0.45% -1.81%

Finance Cost 123.64 455.72 381.40 -72.87% 19.49% -43.06%

Long Term Liabilities 9.67 9.73 10.27 -0.62% -5.26% -2.97%

Current Liabilities 3,415.81 3,293.75 2,840.25 3.71% 15.97% 9.67%

Turnover 4.38 10.30 32.39 -57.48% -68.20% -63.23%

Profit After Tax (PAT, ₹ Cr.) -179.91 -489.00 -430.59 N.A. N.A. N.A.

EPS (₹) -51.00 -139.00 -123.00 N.A. N.A. N.A.

Source - Money Control/Annual Report

Discussion as per Company:

During the financial year 2014-15, total revenue from operation of the Company is ` 4.38 crores as against ` 10.30 crores in

the previous year. Operating Profit / (Loss) is ` (5.97) crores as against ` (1.86) crores in the previous year. Profit / (Loss) before

taxation is ` (179.91) crores as against ` (489.00) crores in the previous year. Profit / (Loss) after Tax is ` (179.91) crores as

against ` (489.00) crores in the previous year. The Company has incurred substantial losses due to non-operation of all the

manufacturing units and day to day administrative expenses. Interest for the year on funds borrowed has been debited till

June, 2014 and subsequently the Company has not debited interest on borrowed funds as accounts of the Company had

turned NPA in the earlier years. This has led to lower losses to the extent of ` 395.84 crores. Due to change in the method of

depreciation as required by the Companies Act, 2013, the useful life of assets are recomputed on 01.04.2014 and the assets

whose useful life has expired amounting of ` 3,11,76,027/- has been transferred to the opening balance of retained earnings.

Also due to change in method of depreciation, the depreciation for the year is higher by ` 20,00,92,023/- in the Statement of

Profit & Loss Account leading to higher losses to similar extent. Further one of the wind mill was under break down for most

part of the year. During the year ended 31.03.2012 the net worth of the Company had eroded and the Company had become

Sick Industrial Company as per the provisions of Sick Industrial Companies (Special Provision) Act 1985 (SICA) and the Company

was required to make reference with the Board for Industrial and Financial Reconstruction (BIFR).

During the financial year 2013-14, Total Revenue from Operation of the Company is ` 10.30 crores as against ` 32.39 crores in

the previous year. Operating Profit / (Loss) is ` (1.86) crores as against ` (16.70) crores in the previous year. Profit / (Loss)

before taxation is ` (489.00) crores as against ` (430.47) crores in the previous year. Profit / (Loss) after Tax is ` (489.00) crores

as against ` (430.47) crores in the previous year. The Company has incurred substantial losses due to debiting of interest for

the year on funds borrowed for execution of several capital projects and day to day administrative expenses. Further as

suspension of manufacturing activities has taken place in all the manufacturing units, there are indications which suggest

impairment in the value of plant and machineries and other fixed assets of the company, for which the management is in

process of getting the study carried out.

During the financial year 2012-13, Total Revenue from Operation of the Company is ` 32.39 crores as against ` 458.51 crores in

the previous year. Operating Profit / (Loss) is ` (16.70) crores as against ` (23.56) crores in the previous year. Profit / (Loss)

before taxation is ` (430.47) crores as against ` (382.19) crores in the previous year. Profit / (Loss) after Tax is ` (430.47) crores

as against ` (382.19) crores in the previous year. The Company has incurred substantial losses due to debiting of interest for

the year on funds borrowed for execution of several capital projects and day to day administrative expenses.




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AUDIT QUALIFICATIONS

The Auditors have raised following qualifications in Annual Report for FY 2014-15

“1) The Company has four manufacturing units at Kalyani, Shyamnagar, Kharagpur, and Durgapur, all of which are under the

suspension of work for the last few years and they are under the symbolic /physical possession of lenders due to default of

payment of the outstanding loans. Detail physical verifications of fixed assets and inventories could not be conducted by the

management. Auditors have also not been able to obtain sufficient appropriate audit evidences (SAAE) in respect of existence

and valuation of fixed assets and inventories lying in these factories.

2) Borrowings from banks and financial institutions have been classified as non-performing assets by the lenders. No balance

confirmation of the outstanding loan could be obtained nor has any bank statement been provided by them. In absence of the

same, Auditors are unable to confirm the accuracy of the balances appearing in the books of account. As the borrowings have

been considered as NPA, no interest has been charged by the banks since then. During the year the Company has provided

interest on these borrowings up to 1st quarter June 2014 but interest of ` 395.84 crore for the three quarters from 1st July to

31st March, 2015 has not been provided.

3) The net worth of the Company has been fully eroded and therefore the Company filed an application before the Ld.BIFR

which is still pending. The Company’s ability to continue the business is significantly dependent upon the viability of the

restructuring plan to be approved by the Ld. BIFR”.

Management has given following response on the Auditors qualifications:

“1. Security / watch & ward are being maintained of the plant by the Company and Banker’s / ARC’s have been getting asset

valuation report done from time to time. Impairment, if any will be accounted for at the relevant time and will form part of

the BIFR rehabilitation package.

2. Since the accounts have become NPA the Bankers do not provide statement of accounts and confirmation / certificates in

relation to various facilitation. However, the Company had been providing interest and other charges on the accounts as per

last sanctioned limit till June, 2014. There may be differences between the bank balance & Company’s balance due to

estimation. Company is not expecting any major variation between the outstanding of the lenders & the Company. There was

no difference between the outstanding of the banks and Company as on the date of NPA. Company has debited nearly ` 1,325

crores on account of interest since the account has turned NPA. Impact of past and future interest if any will form part of the

package to be submitted to Ld. BIFR and at the relevant time.

3. The Company is in active discussion with ARC’s & Lenders for settlement & rehabilitation/ revival of the Company under the

aegis of Ld. BIFR. The Company is confident of getting the support from its lending banks / FI’s / ARC’s.”

Response Comment

Frequency of Qualifications - Appeared only once in FY 2014-15

Have the Auditors made any adverse remark in last 3

years? No -


https://www1.nseindia.com/annual_reports/AR_8211_RAMSARUP_2014_2015_10092015104753.zip



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TABLE 4: BOARD PROFILE (As on 31st March, 2015)

Regulatory Norms Company

% of Independent Directors on the Board 50% 0%

% of Promoter Directors on the Board - 33.33%

Number of Women Directors on the Board Atleast 1 0

Classification of Chairman of the Board - Executive Promoter Director

Is the post of Chairman and MD/CEO held by the same person? - Yes

Average attendance of Directors in the Board meetings (%) - 100%

Source - Money Control/Annual Report

Composition of Board: As per Regulation 17(i)(b) of the Listing Regulations, 2015, the Company should have at least 50%

Independent Directors as the Chairman of the Board is an Executive Promoter Director. The Company does not have a single

Independent Director on the Board and hence, it does not meet the regulatory requirement.

Board Diversity: The Company has 3 directors of which all are male. The Company does not have a single woman Director on

the Board. The Company is non-compliant as per Listing Regulations, 2015 regarding the requirement of at least one women

director.

Holding of position of MD/ CEO & Chairman by same person: The Company has appointed Mr. Aashish Jhunjhunwala as the

Chairman and Managing Director of the Company. Appointment of a single person as the Chairman and Managing Director of

the Company is not a good governance practice as this may lead to concentration of power in a single person.


http://www.sebi.gov.in/cms/sebi_data/attachdocs/1441284401427.pdf



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TABLE 5 - FINANCIAL RATIOS

Ratios 2015 2014 2013 % Change

2015 vs 2014 2014 vs 2013

Turn

ove

r

Rat

ios

Inventory Turnover 1.25 1.47 3.46 -14.95% -57.48%

Debtors Turnover 1.48 3.14 1.88 -52.88% 67.43%

Fixed asset Turnover 0.00 0.00 0.01 -56.44% -67.95%

Current Asset Turnover 0.08 0.17 0.40 -52.12% -58.74%

Ret

urn

Rat

ios Operating Profit Margin -4107.53% -4747.57% -1329.39% N.A. N.A.

Net Profit Margin -4107.53% -4747.57% -1329.39% N.A. N.A.

Return on Assets (ROA) -7.94% -21.00% -18.21% N.A. N.A.

Return on Equity (ROE) N.A. N.A. N.A. N.A. N.A.

Return on Capital Employed (ROCE) N.A. N.A. N.A. N.A. N.A.

Liq

uid

ity

Rat

ios

Current Ratio 0.02 0.02 0.03 -14.36% -33.54%

Quick Ratio 0.02 0.02 0.03 -9.63% -33.28%

Cash Ratio 0.01 0.02 0.02 -9.41% -17.24%

Working Capital Turnover ratio N.A. N.A. N.A. N.A. N.A.

Solv

ency

Rat

ios Debt to equity ratio N.A. N.A. N.A. N.A. N.A.

Interest Coverage Ratio N.A. N.A. N.A. N.A. N.A.

Trad

ing

Rat

ios

Market Cap / Sales 1.44 0.61 0.19 135.16% 214.47%

Market Cap/ Net Worth N.A. N.A. N.A. N.A. N.A.

Market Cap/PAT N.A. N.A. N.A. N.A. N.A.

Market Cap/EBITDA N.A. N.A. N.A. N.A. N.A.

Trading Volume (shares) (avg. of 1

year) 3,619 4,207 2,405 -13.98% 74.93%

Trading Volume (shares) (high in 1

year) 50,240 57,819 21,237 -13.11% 172.26%

Trading Volume (shares) (low in 1

year) 1.00 2.00 1.00 -50.00% 100.00%

Ratio - High/low trading volume 50,240 28,910 21,237 73.78% 36.13%

Ratio - High/average trading volume 13.88 13.74 8.83 1.02% 55.64%

Source - Money Control




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TABLE 6 (A): OWNERSHIP & MANAGEMENT RISKS

Mar' 2016 Mar' 2015 Mar' 2014 Comments

Shar

eho

ldin

g

Promoter shareholding 37.60% 39.38% 40.29%

No new equity shares were issued by the

Company during the two-year period from

Mar’2014 to Mar’2016. The promoter

shareholding decreased from 40.29% as on

Mar’ 2014 to 37.60 % as on Mar’ 2016 due to

pledged Shares sold by IFCI Ltd. No other

major change was observed in the

shareholding pattern during the said period.

The promoters have pledged 59.85% of their

shareholding.

Public - Institutional

shareholding 4.34% 4.34% 8.90%

Public - Others shareholding 58.06% 56.28% 50.81%

Non Promoter Non Public

Shareholding

0.00% 0.00% 0.00%

TABLE 6 (B): OWNERSHIP & MANAGEMENT RISKS

Market Activity of Promoters

The Promoters of the Company have sold their shares in the secondary market in

last two years. Total number of shares sold by promoter and promoter group during

the two-year period is approximately 3,19,557 shares.

Preferential issue to promoters No preferential issue of shares was made to the promoters in last three years

Preferential issue to others No preferential issue of shares was made to others shareholders in last three years

GDRs issued by the Company The Company did not issue and GDRs in last three years

Issue of ESOPs/Issue of shares other

than Preferential allotment

The Company does not have any stock option scheme. Further, no new equity

shares were issued by the Company in last three years

Source - Annual Report




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Glossary

Equity: The equity shares capital of the Company

Net Worth: The amount by which the Assets exceeds the liabilities excluding shareholders’ funds of the Company

Turnover: The revenue earned from the operations of the Company

EPS: Earning Per Share is net profit earned by the Company per share

𝐸𝑃𝑆 =Profit After Tax

Number of outstanding shares

P/E ratio: It is the ratio of the Company’s share price to earnings per share of the Company

𝑃/𝐸 𝑟𝑎𝑡𝑖𝑜 =Price of each share

Earnings per share

Current Assets: Cash and other assets that are expected to be converted to cash in one year

Fixed Assets: assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land,

buildings, and equipment

Total Assets: Current Assets + Fixed Assets

Investments: An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the

future.

Finance Cost: The Financing Cost (FC), also known as the Cost of Finances (COF), is the cost and interest and other charges

incurred during the year in relation to borrowed money.

Long Term Liabilities: Long-term liabilities are liabilities with a maturity period of over one year.

Current Liabilities: A company's debts or obligations that are due within one year.

Inventory Turnover ratio: Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over

a period.

𝐼𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Inventory

Debtors Turnover: Accounts receivable turnover is an efficiency ratio or activity ratio that measures how many times a business

can turn its accounts receivable into cash during a period

𝐷𝑒𝑏𝑡𝑜𝑟𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Accounts recievables

Fixed Asset Turnover: The fixed-asset turnover ratio is a financial ratio of net sales to fixed assets

𝐹𝑖𝑥𝑒𝑑 𝐴𝑠𝑠𝑒𝑡 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Fixed Assets

Current Asset Turnover: The current-asset turnover ratio is a financial ratio of net sales to fixed assets

𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝐴𝑠𝑠𝑒𝑡 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =Sales Turnover

Current Assets




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Operating Profit Margin: Operating margin is a measurement of what proportion of a Company’s revenue is left over after

paying for variable costs of production such as wages, raw materials etc. It can be calculated by dividing a Company’s operating

income (also known as “operating profit”) during a given period by its sales during the same period.

𝑂𝑝𝑒𝑟𝑎𝑡𝑖𝑛𝑔 𝑃𝑟𝑜𝑓𝑖𝑡 𝑀𝑎𝑟𝑔𝑖𝑛 =Operating profit

Sales Turnover

Net Profit Margin: Net profit margin is the percentage of revenue left after all expenses have been deducted from sales

𝑁𝑒𝑡 𝑃𝑟𝑜𝑓𝑖𝑡 𝑀𝑎𝑟𝑔𝑖𝑛 =Net profit

Sales Turnover

Return on Assets: ROA tells you what earnings were generated from invested capital (assets)

𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐴𝑠𝑠𝑒𝑡𝑠 =Net profit

Total Assets

Return on equity/net worth: return on equity (ROE) is the amount of net income returned as a percentage of shareholders’

equity.

𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐸𝑞𝑢𝑖𝑡𝑦 =Net profit

Net worth

Return on Capital Employed: Return on capital employed (ROCE) is a financial ratio that measures a company's profitability

and the efficiency with which its capital is employed.

𝑅𝑒𝑡𝑢𝑟𝑛 𝑜𝑛 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑑 =Net profit

Total Debt + Equity share capital

Current ratio: The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts

over the next 12 months. It compares a firm's current assets to its current liabilities.

𝐶𝑢𝑟𝑟𝑒𝑛𝑡 𝑟𝑎𝑡𝑖𝑜 =Current Assets

Current Liabilities

Quick ratio: The quick ratio is a measure of how well a Company can meet its short term financial liabilities.

𝑄𝑢𝑖𝑐𝑘 𝑟𝑎𝑡𝑖𝑜 =Current Assets − Inventories

Current Liabilities

Cash ratio: The ratio of the liquid assets of a Company to its current liabilities.

𝑄𝑢𝑖𝑐𝑘 𝑟𝑎𝑡𝑖𝑜 =Current Assets − Inventories − Account Recievables

Current Liabilities

Working Capital Turnover ratio: The working capital turnover ratio is also referred to as net sales to working capital. It indicates a

Company's effectiveness in using its working capital.

𝑊𝑜𝑟𝑘𝑖𝑛𝑔 𝐶𝑎𝑝𝑖𝑡𝑎𝑙 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟 𝑟𝑎𝑡𝑖𝑜 =𝑆𝑎𝑙𝑒𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟

Current Assets − Current Liabilities

Debt to Equity ratio: The debt-to-equity ratio (D/E) is a financial ratio indicating the relative proportion of

shareholders' equity and debt used to finance a company's assets.

𝐷𝑒𝑏𝑡 𝑡𝑜 𝐸𝑞𝑢𝑖𝑡𝑦 𝑟𝑎𝑡𝑖𝑜 =𝑆ℎ𝑜𝑟𝑡 𝑇𝑒𝑟𝑚 𝐷𝑒𝑏𝑡 + 𝐿𝑜𝑛𝑔 𝑇𝑒𝑟𝑚 𝐷𝑒𝑏𝑡

𝑁𝑒𝑡 𝑊𝑜𝑟𝑡ℎ

Interest Coverage ratio: The Interest coverage ratio is a debt ratio and profitability ratio used to determine how easily a

Company can pay interest on outstanding debt.

𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝐶𝑜𝑣𝑒𝑟𝑎𝑔𝑒 𝑅𝑎𝑡𝑖𝑜 =𝐸𝑎𝑟𝑛𝑖𝑛𝑔 𝐵𝑒𝑓𝑜𝑟𝑒 𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑎𝑛𝑑 𝑇𝑎𝑥

𝐹𝑖𝑛𝑎𝑛𝑐𝑒 𝐶𝑜𝑠𝑡


http://www.investopedia.com/terms/i/invested-capital.asp

http://www.investopedia.com/articles/stocks/05/04405.asp



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Market Cap/Sales ratio: Market Cap/sales ratio, Price–sales ratio, P/S ratio, or PSR, is a valuation metric for stocks. It is calculated

by dividing the company's market cap by the revenue in the most recent year; or, equivalently, divide the per-share stock price by

the per-share revenue.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝑆𝑎𝑙𝑒𝑠 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝑆𝑎𝑙𝑒𝑠 𝑇𝑢𝑟𝑛𝑜𝑣𝑒𝑟

Market Cap/ Net Worth ratio: It is a valuation ratio calculated by dividing Company’s market cap to net worth.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝑁𝑒𝑡𝑤𝑜𝑟𝑡ℎ 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝑁𝑒𝑡𝑤𝑜𝑟𝑡ℎ

Market Cap/ PAT ratio: It is a valuation ratio calculated by dividing Company’s market cap to net profit.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝑃𝐴𝑇 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝑛𝑒𝑡 𝑝𝑟𝑜𝑓𝑖𝑡

Market Cap/ EBITDA ratio: It is a valuation ratio calculated by dividing Company’s market cap to EBITDA.

𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝/𝐸𝐵𝐼𝑇𝐷𝐴 𝑟𝑎𝑡𝑖𝑜 =𝑀𝑎𝑟𝑘𝑒𝑡 𝐶𝑎𝑝

𝐸𝐵𝐼𝑇𝐷𝐴

Trading Volume (shares) (avg. of 1 year): Average number of shares/day traded in 1 year

Trading volume (shares) (high in 1 year): Highest number of shares/day traded in 1 year

Trading volume (shares) (minimum in 1 year): Lowest number of shares traded on any one day in 1 year


https://en.wikipedia.org/wiki/Stock

https://en.wikipedia.org/wiki/Market_cap

https://en.wikipedia.org/wiki/Stock



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DISCLAIMER

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