Hindustan Zinc (BOM:500188) E10: ₹26.99 (As of Mar. 2026)


BOM:500188 Hindustan Zinc Ltd BOM:500188
96 GF Score
Price ₹530.75
GF Value ₹589.60
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Hindustan Zinc E10?

Hindustan Zinc BOM:500188 -1.79% 96 E10 is ₹26.99 as of Mar. 2026. GuruFocus rates BOM:500188 with a GF Score™ of 96/100 and a GF Value™ of ₹589.60 (Modestly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Hindustan Zinc's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹11.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹26.99 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hindustan Zinc's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was 1.70% per year. During the past 5 years, the average E10 Growth Rate was 2.40% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Hindustan Zinc was 4.30% per year. The lowest was 1.50% per year. And the median was 2.40% per year.

As of today (2026-07-08), Hindustan Zinc's current stock price is ₹530.75. Hindustan Zinc's E10 for the quarter that ended in Mar. 2026 was ₹26.99. Hindustan Zinc's Shiller PE Ratio of today is 19.66.

During the past 13 years, the highest Shiller PE Ratio of Hindustan Zinc was 28.88. The lowest was 5.86. And the median was 12.91.


Hindustan Zinc  (BOM:500188) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Hindustan Zinc's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=530.75/26.99
=19.66

* 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 Shiller P/E Ratio of Hindustan Zinc was 28.88. The lowest was 5.86. And the median was 12.91.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Hindustan Zinc E10 Related Terms


Hindustan Zinc E10 Historical Data

* Premium members only.

The historical data trend for Hindustan Zinc's E10 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.

Hindustan Zinc E10 Chart

Hindustan Zinc Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.62 25.68 25.67 25.71 26.99

Hindustan Zinc Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 25.71 25.87 26.05 26.45 26.99

Hindustan Zinc E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Hindustan Zinc's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Hindustan Zinc Shiller PE Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hindustan Zinc's Shiller PE Ratio falls into.


BOM:500188
96GF Score
Hindustan Zinc Ltd BOM:500188
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hindustan Zinc E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Hindustan Zinc's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=11.91/164.2724*164.2724
=11.910

Current CPI (Mar. 2026) = 164.2724.

Hindustan Zinc Quarterly Data

per share eps CPI Adj_EPS
201606 2.450 105.961 3.798
201609 4.500 105.961 6.976
201612 5.490 105.196 8.573
201703 7.230 105.196 11.290
201706 4.470 107.109 6.856
201709 6.110 109.021 9.206
201712 5.440 109.404 8.168
201803 5.920 109.786 8.858
201806 4.540 111.317 6.700
201809 4.300 115.142 6.135
201812 5.230 115.142 7.462
201903 4.760 118.202 6.615
201906 4.180 120.880 5.681
201909 4.930 123.175 6.575
201912 3.830 126.235 4.984
202003 3.170 124.705 4.176
202006 3.220 127.000 4.165
202009 4.590 130.118 5.795
202012 5.210 130.889 6.539
202103 5.880 131.771 7.330
202106 4.690 134.084 5.746
202109 4.770 135.847 5.768
202112 6.390 138.161 7.598
202203 6.930 138.822 8.200
202206 7.320 142.347 8.447
202209 6.340 144.661 7.199
202212 5.100 145.763 5.748
202303 6.120 146.865 6.845
202306 4.650 150.280 5.083
202309 4.090 151.492 4.435
202312 4.800 152.924 5.156
202403 4.820 153.035 5.174
202406 5.550 155.789 5.852
202409 5.510 157.882 5.733
202412 6.338 158.323 6.576
202503 7.110 157.552 7.413
202506 5.290 159.755 5.440
202509 6.270 162.289 6.347
202512 9.268 163.281 9.324
202603 11.910 164.272 11.910

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹26.99 mean?
Hindustan Zinc (BOM:500188) has a E10 of ₹26.99 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hindustan Zinc and its competitors.
Is Hindustan Zinc's E10 too high?
Hindustan Zinc's current E10 is ₹26.99. Overall, Hindustan Zinc has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Zinc's E10 compare to competitors?
Hindustan Zinc's E10 of ₹26.99 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Metals & Mining company?
A good E10 depends on the Metals & Mining industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hindustan Zinc and its competitors. Hindustan Zinc's current E10 is ₹26.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Zinc stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Zinc (BOM:500188) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹589.60, compared to a current price of ₹530.75 — trading 10% below its estimated fair value. The current E10 is ₹26.99. Hindustan Zinc's overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Hindustan Zinc (BOM:500188), the current E10 is ₹26.99 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 Hindustan Zinc (BOM:500188) Overvalued in 2026?

Based on GuruFocus' analysis, Hindustan Zinc stock appears to be undervalued. The current stock price of ₹530.75 is trading 10% below its estimated GF Value™ of ₹589.60. GuruFocus considers Hindustan Zinc to be Modestly Undervalued.

Key valuation signals for BOM:500188:

  • E10: ₹26.99
  • GF Value™: ₹589.60 vs. price of ₹530.75 (10% below fair value)
  • GF Score™: 96/100 with 1 warning sign

No single metric tells the full story. See the BOM:500188 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hindustan Zinc Business Description

Other Exchanges HINDZINC:India
Address Yashad Bhavan, Udaipur, RJ, IND, 313004
Hindustan Zinc Ltd is engaged in exploring, extracting, and processing minerals. Its operations include five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulphuric acid plants, one silver refinery plant, six captive thermal power plants, and four captive solar plants in Rajasthan. The Company also has a rock-phosphate mine in Matoon near Udaipur, Rajasthan, and zinc, lead, and silver processing and refining facilities in Uttarakhand. The Group produces zinc, lead, silver, commercial power, and alloys. The Group operates through two reportable segments: Zinc, Lead, Silver & Others, which generates the maximum revenue, and Wind Energy. The company generates the maximum revenue from India.
96GF Score

Get the complete analysis for BOM:500188

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹530.75
Price
₹589.60
GF Value