Insider Buying: Tarini Shirgaokar Just Spent ₹3.6m On Synergy Green Industries Limited (NSE:SGIL) Shares

Even if it's not a huge purchase, we think it was good to see that Tarini Shirgaokar, a Synergy Green Industries Limited (NSE:SGIL) insider, recently shelled out ₹3.6m to buy stock, at ₹173 per share. Even though that isn't a massive buy, it did increase their holding by 108%, which is arguably a good sign.

View our latest analysis for Synergy Green Industries

Synergy Green Industries Insider Transactions Over The Last Year

Notably, that recent purchase by Tarini Shirgaokar is the biggest insider purchase of Synergy Green Industries shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of ₹179. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Synergy Green Industries share holders is that an insider was buying at near the current price. Tarini Shirgaokar was the only individual insider to buy shares in the last twelve months.

Tarini Shirgaokar bought a total of 41.44k shares over the year at an average price of ₹173. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Synergy Green Industries is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Synergy Green Industries

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Synergy Green Industries insiders own about ₹914m worth of shares. That equates to 36% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Synergy Green Industries Insiders?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Synergy Green Industries. Nice! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Synergy Green Industries is showing 3 warning signs in our investment analysis, and 2 of those can't be ignored...

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.