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Shree Marutinandan Tubes (BOM:544083) Beta : N/A (As of Apr. 12, 2025)


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What is Shree Marutinandan Tubes Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-04-12), Shree Marutinandan Tubes's Beta is Not available.


Shree Marutinandan Tubes Beta Historical Data

The historical data trend for Shree Marutinandan Tubes'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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Shree Marutinandan Tubes Beta Chart

Shree Marutinandan Tubes Annual Data
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Shree Marutinandan Tubes Semi-Annual Data
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Competitive Comparison of Shree Marutinandan Tubes's Beta

For the Industrial Distribution subindustry, Shree Marutinandan Tubes'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.


Shree Marutinandan Tubes's Beta Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Shree Marutinandan Tubes's Beta distribution charts can be found below:

* The bar in red indicates where Shree Marutinandan Tubes's Beta falls into.


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Shree Marutinandan Tubes 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.


Shree Marutinandan Tubes  (BOM:544083) 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)


Shree Marutinandan Tubes Beta Related Terms

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Shree Marutinandan Tubes Business Description

Traded in Other Exchanges
N/A
Address
S.P Ring Road, A-21, Second Floor, Amrapali Complex, Bopal, Ahmedabad, GJ, IND, 380058
Shree Marutinandan Tubes Ltd is engaged in trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. It products are widely used in various industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.

Shree Marutinandan Tubes Headlines

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