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Hindprakash Industries Ltd (BOM:543645) Beta : N/A (As of Dec. 14, 2024)


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What is Hindprakash Industries Ltd Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-12-14), Hindprakash Industries Ltd's Beta is Not available.


Hindprakash Industries Ltd Beta Historical Data

The historical data trend for Hindprakash Industries Ltd'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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Hindprakash Industries Ltd Beta Chart

Hindprakash Industries Ltd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
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Hindprakash Industries Ltd Quarterly Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Hindprakash Industries Ltd's Beta

For the Specialty Chemicals subindustry, Hindprakash Industries Ltd'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.


Hindprakash Industries Ltd's Beta Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindprakash Industries Ltd's Beta distribution charts can be found below:

* The bar in red indicates where Hindprakash Industries Ltd's Beta falls into.



Hindprakash Industries Ltd 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.


Hindprakash Industries Ltd  (BOM:543645) 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)


Hindprakash Industries Ltd Beta Related Terms

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Hindprakash Industries Ltd Business Description

Traded in Other Exchanges
Address
301, Hindprakash House, Plot No. 10/6, Phase-I, GIDC, Vatva, Ahmedabad, GJ, IND, 382 445
Hindprakash Industries Ltd is an Indian company engaged in the manufacturing, dealing, and trading of dyes, intermediates, auxiliary, chemicals, and other merchandise. The company's products include Dyestuff, Dyes intermediates, Textile chemicals and aux, and Water treatments. It earns revenues from the manufacturing of dyes.

Hindprakash Industries Ltd Headlines

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