Manomay Tex Fundamental Relationships

MANOMAY -- India Stock  

INR 34.40  0.30  0.86%

The Drivers Module shows relationships between Manomay Tex's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Manomay Tex India Limited over time as well as its relative position and ranking within its peers. Please see also Stocks Correlation

Manomay Tex India Beta vs. Current Valuation Fundamental Analysis

Manomay Tex India Limited is regarded fourth in current valuation category among related companies. It is regarded third in beta category among related companies . The ratio of Current Valuation to Beta for Manomay Tex India Limited is about  3,384,615,385 
Manomay Tex India Limited is regarded fourth in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Textile Manufacturing industry is now estimated at about 73.33 Billion. Manomay Tex claims roughly 1.32 Billion in current valuation contributing just under 2% to equities listed under Textile Manufacturing industry.
Enterprise Value is a firm valuation proxy that approximates current market value of a company. It is typically used to determine takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that company has on its balance sheet. When takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Manomay Tex 
Enterprise Value 
 = 
Market Cap + Debt 
-  
Cash 
=
1.32 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Manomay Tex 
Beta 
 = 
Covariance 
Variance 
=
0.39
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Manomay Tex Beta Comparison

Manomay Tex is currently under evaluation in beta category among related companies.

Manomay Tex Fundamental Comparison

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