Tulsyan NEC (BOM:513629) Cyclically Adjusted Revenue per Share: ₹737.83 (As of Mar. 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.

BOM:513629 Tulsyan NEC Ltd BOM:513629
37 GF Score
Price ₹29.89
GF Value ₹51.51
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Tulsyan NEC Cyclically Adjusted Revenue per Share?

Tulsyan NEC BOM:513629 +0.81% 37 Cyclically Adjusted Revenue per Share is ₹737.83 as of Mar. 2026. GuruFocus rates BOM:513629 with a GF Score™ of 37/100 and a GF Value™ of ₹51.51 (Possible Value Trap). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Tulsyan NEC's adjusted revenue per share for the three months ended in Mar. 2026 was ₹100.199. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is ₹737.83 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tulsyan NEC's average Cyclically Adjusted Revenue Growth Rate was -10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-08-15), Tulsyan NEC's current stock price is ₹29.89. Tulsyan NEC's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹737.83. Tulsyan NEC's Cyclically Adjusted PS Ratio of today is 0.04.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tulsyan NEC was 0.14. The lowest was 0.02. And the median was 0.06.


Tulsyan NEC  (BOM:513629) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Tulsyan NEC's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=29.89/737.83
=0.04

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tulsyan NEC was 0.14. The lowest was 0.02. And the median was 0.06.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Tulsyan NEC Cyclically Adjusted Revenue per Share Related Terms


Tulsyan NEC Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tulsyan NEC's Cyclically Adjusted Revenue per Share 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.

Tulsyan NEC Cyclically Adjusted Revenue per Share Chart

Tulsyan NEC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 849.28 821.66 737.83

Tulsyan NEC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 821.66 810.77 804.64 769.61 737.83

BOM:513629 vs NUE, STLD, RS: Cyclically Adjusted Revenue per Share Comparison

For the Steel subindustry, Tulsyan NEC's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


Tulsyan NEC Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Tulsyan NEC's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tulsyan NEC's Cyclically Adjusted PS Ratio falls into.


BOM:513629
37GF Score
Tulsyan NEC Ltd BOM:513629
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tulsyan NEC Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Tulsyan NEC's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=100.199/164.2724*164.2724
=100.199

Current CPI (Mar. 2026) = 164.2724.

Tulsyan NEC Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201309 240.090 91.042 433.207
201312 211.702 91.425 380.386
201403 218.487 91.425 392.578
201406 177.303 94.103 309.513
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 127.772 111.317 188.556
201809 149.871 115.142 213.820
201812 143.173 115.142 204.264
201903 148.253 118.202 206.036
201906 127.670 120.880 173.500
201909 142.647 123.175 190.241
201912 119.115 126.235 155.007
202003 119.274 124.705 157.118
202006 65.898 127.000 85.238
202009 94.306 130.118 119.060
202012 117.924 130.889 148.001
202103 143.025 131.771 178.303
202106 120.060 134.084 147.091
202109 149.935 135.847 181.308
202112 125.629 138.161 149.372
202203 182.018 138.822 215.388
202206 212.134 142.347 244.808
202209 171.296 144.661 194.518
202212 151.676 145.763 170.936
202303 105.777 146.865 118.315
202306 142.473 150.280 155.738
202309 149.141 151.492 161.723
202312 152.629 152.924 163.955
202403 145.943 153.035 156.660
202406 165.894 155.789 174.928
202409 120.285 157.882 125.153
202412 108.906 158.323 112.998
202503 129.975 157.552 135.519
202506 156.393 159.755 160.815
202509 139.130 162.289 140.830
202512 94.824 163.281 95.400
202603 100.199 164.272 100.199

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of ₹737.83 mean?
Tulsyan NEC (BOM:513629) has a Cyclically Adjusted Revenue per Share of ₹737.83 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tulsyan NEC and its competitors.
Is Tulsyan NEC's Cyclically Adjusted Revenue per Share too high?
Tulsyan NEC's current Cyclically Adjusted Revenue per Share is ₹737.83. Overall, Tulsyan NEC has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tulsyan NEC's Cyclically Adjusted Revenue per Share compare to NUE and STLD?
Tulsyan NEC's Cyclically Adjusted Revenue per Share of ₹737.83 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 Cyclically Adjusted Revenue per Share for a Steel company?
A good Cyclically Adjusted Revenue per Share depends on the Steel industry context. However, Cyclically Adjusted Revenue per Share 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 Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Tulsyan NEC and its competitors. Tulsyan NEC's current Cyclically Adjusted Revenue per Share is ₹737.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tulsyan NEC stock overvalued right now?
Based on GuruFocus' analysis, Tulsyan NEC (BOM:513629) is currently considered Possible Value Trap. The stock's GF Value™ is ₹51.51, compared to a current price of ₹29.89 — trading 42% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₹737.83. Tulsyan NEC's overall GF Score™ is 37/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Tulsyan NEC (BOM:513629), the current Cyclically Adjusted Revenue per Share is ₹737.83 as of Mar. 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 Tulsyan NEC (BOM:513629) Overvalued in 2026?

Based on GuruFocus' analysis, Tulsyan NEC stock appears to be undervalued. The current stock price of ₹29.89 is trading 42% below its estimated GF Value™ of ₹51.51. GuruFocus considers Tulsyan NEC to be Possible Value Trap.

Key valuation signals for BOM:513629:

  • Cyclically Adjusted Revenue per Share: ₹737.83
  • GF Value™: ₹51.51 vs. price of ₹29.89 (42% below fair value)
  • GF Score™: 37/100 with 5 warning signs

No single metric tells the full story. See the BOM:513629 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tulsyan NEC Business Description

Address Old No. 3, Nungambakkam High Road, Apex Plaza, 1st Floor, New No. 77, Chennai, TN, IND, 600 034
Tulsyan NEC Ltd operates in three segments i.e., (a) Steel Division; (b) Synthetic Division; and (c) Power. Its principal steel products are Thermo Mechanically Treated (TMT) bars. The company is recognized for being the first licensed rolling mill in South India to produce TMT steel rebars, utilizing modern machinery imported from Europe and maintaining a focus on technology, quality, and cost. Tulsyan NEC generates revenue predominantly through the sale of these steel bars, along with power and high-density polyethylene/polypropylene woven sacks under its packaging division. Its operations are concentrated mainly in South India.
37GF Score

Get the complete analysis for BOM:513629

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹29.89
Price
₹51.51
GF Value