Emerald Tyre Manufacturers (NSE:ETML) Beta: N/A (As of Jun. 26, 2026)


NSE:ETML Emerald Tyre Manufacturers Ltd NSE:ETML
16 GF Score
Price ₹94.00
! 3 Warning Signs
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What is Emerald Tyre Manufacturers Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-26), Emerald Tyre Manufacturers's Beta is Not available.

Emerald Tyre Manufacturers  (NSE:ETML) 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)

Emerald Tyre Manufacturers Beta Related Terms

Emerald Tyre Manufacturers Beta Historical Data

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The historical data trend for Emerald Tyre Manufacturers'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.

Emerald Tyre Manufacturers Beta Chart

Emerald Tyre Manufacturers Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Beta
0.00 0.00 0.00 0.00 0.00

Emerald Tyre Manufacturers Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Mar25
Beta 0.00 0.00 0.00 0.00 0.00
NSE:ETML
16GF Score
Emerald Tyre Manufacturers Ltd NSE:ETML
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Emerald Tyre Manufacturers 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.

Emerald Tyre Manufacturers Business Description

Address Second Street Porur Gardens, Emerald House, Plot No.2, Phase-I, Vanagaram, Tiruvallur, Poonamallee, TN, IND, 600095
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
16GF Score

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Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹94.00
Price