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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-17), East Coast Steel's Beta is 0.3824.
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)
East Coast Steel Beta Related Terms
East Coast Steel Beta Historical Data
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The historical data trend for East Coast Steel'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.
For the Steel subindustry, East Coast Steel'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.
East Coast Steel Beta vs Steel Industry
For the Steel industry and Basic Materials sector, East Coast Steel's Beta distribution charts can be found below:
* The bar in red indicates where East Coast Steel's Beta falls into.
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.
East Coast Steel (BOM:520081) has a Beta of 0.3824 as of Aug. 17, 2026. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for East Coast Steel and its competitors.
Is East Coast Steel's Beta too high?
East Coast Steel's current Beta is 0.3824. Overall, East Coast Steel has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does East Coast Steel's Beta compare to NUE and STLD?
East Coast Steel's Beta of 0.3824 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beta for a Steel company?
A good Beta depends on the Steel industry context. However, Beta should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beta mean?
A high Beta can signal that a stock is expensive relative to its fundamentals. Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. View historical data for East Coast Steel and its competitors. East Coast Steel's current Beta is 0.3824. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Coast Steel stock overvalued right now?
Based on GuruFocus' analysis, East Coast Steel (BOM:520081) is currently considered Possible Value Trap. The stock's GF Value™ is ₹59.86, compared to a current price of ₹19.80 — trading 66.9% below its estimated fair value. The current Beta is 0.3824. East Coast Steel's overall GF Score™ is 40/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beta calculated?
Beta is calculated from a company's financial statements. For East Coast Steel (BOM:520081), the current Beta is 0.3824 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is East Coast Steel (BOM:520081) Overvalued in 2026?
Based on GuruFocus' analysis, East Coast Steel stock appears to be undervalued.
The current stock price of ₹19.80 is trading 66.9% below its estimated GF Value™ of ₹59.86.
GuruFocus considers East Coast Steel to be Possible Value Trap.
Key valuation signals for BOM:520081:
Beta: 0.3824
GF Value™: ₹59.86 vs. price of ₹19.80 (66.9% below fair value)
No single metric tells the full story. See the BOM:520081 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
East Coast Steel Ltd is engaged in the manufacturing and trading of iron & steel products, including engineering products, in the international market.
40GF Score
Get the complete analysis for BOM:520081
Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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