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Prag Bosimi Synthetics (BOM:500192) Beta : 0.39 (As of Mar. 15, 2025)


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What is Prag Bosimi Synthetics Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-15), Prag Bosimi Synthetics's Beta is 0.39.


Prag Bosimi Synthetics Beta Historical Data

The historical data trend for Prag Bosimi Synthetics's Beta can be seen below:

* 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.

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Prag Bosimi Synthetics Beta Chart

Prag Bosimi Synthetics Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 0.83 0.66 0.78 0.72

Prag Bosimi Synthetics Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.73 0.72 0.16 0.45 0.48

Competitive Comparison of Prag Bosimi Synthetics's Beta

For the Textile Manufacturing subindustry, Prag Bosimi Synthetics's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Prag Bosimi Synthetics's Beta Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Prag Bosimi Synthetics's Beta distribution charts can be found below:

* The bar in red indicates where Prag Bosimi Synthetics's Beta falls into.



Prag Bosimi Synthetics Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


Prag Bosimi Synthetics  (BOM:500192) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


Prag Bosimi Synthetics Beta Related Terms

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Prag Bosimi Synthetics Business Description

Traded in Other Exchanges
N/A
Address
Sir P. M. Road, 5th Floor, R-79/83, Laxmi Insurance Building, Mumbai, MH, IND, 400001
Prag Bosimi Synthetics Ltd is an India-based holding company that engages in trading activities in textile-related products. The company manufactures and sells polyester filament yarn and partially oriented yarn (POY) products in India. The firm operates in four segments: Packaging engaged in Corrugated Box, Garment engaged in Readymade Garments, Knitted Fabrics, and Others engaged in Fabrics, Yarn and Others. Its polyester filament yarns include texturized, dyed, and dope-dyed products. The firm's majority revenue is derived from Others segment engaged in Fabrics, Yarn and Others.

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