Munish Forge (NSE:MUNISH) Beta: N/A (As of Jul. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:MUNISH Munish Forge Ltd NSE:MUNISH
13 GF Score
Price ₹70.05
! 4 Warning Signs
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What is Munish Forge Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-07-17), Munish Forge's Beta is Not available.

Munish Forge  (NSE:MUNISH) 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)

Munish Forge Beta Related Terms

Munish Forge Beta Historical Data

* Premium members only.

The historical data trend for Munish Forge'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.

Munish Forge Beta Chart

Munish Forge Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Beta
0.00 0.00 0.00 0.00 0.00

Munish Forge Semi-Annual Data
Mar22 Mar23 Mar24 Mar25 Mar26
Beta 0.00 0.00 0.00 0.00 0.00
NSE:MUNISH
13GF Score
Munish Forge Ltd NSE:MUNISH
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Munish Forge 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.

Munish Forge Business Description

Address Village-Gobindgarh, Adjustment Phase-VII, Focal Point, Ludhiana, PB, IND, 141010
Munish Forge Ltd is a manufacturer in the forging and casting industry, specializing in manufacturing premium forged and cast components. It manufactures components like Flange, Scaffolding, Auto parts, Tank tracks chains, Bomb shells, Fence post and steel accessories as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as Defence, Oil and Gas, Automobile, Construction and Infrastructure.
13GF Score

Get the complete analysis for NSE:MUNISH

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

₹70.05
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