Grasim Industries (BOM:500300) E10: ₹88.08 (As of Jun. 2026)

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BOM:500300 Grasim Industries Ltd BOM:500300
79 GF Score
Price ₹3,175.20
GF Value ₹2,973.67
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Grasim Industries E10?

Grasim Industries BOM:500300 -0.46% 79 E10 is ₹88.08 as of Jun. 2026. GuruFocus rates BOM:500300 with a GF Score™ of 79/100 and a GF Value™ of ₹2,973.67 (Fairly Valued). The stock has 8 warning signs 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.

Grasim Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹31.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹88.08 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Grasim Industries's average E10 Growth Rate was 5.40% per year. During the past 3 years, the average E10 Growth Rate was 4.20% per year. During the past 5 years, the average E10 Growth Rate was 5.20% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Grasim Industries was 6.80% per year. The lowest was 4.20% per year. And the median was 5.60% per year.

As of today (2026-09-18), Grasim Industries's current stock price is ₹3175.20. Grasim Industries's E10 for the quarter that ended in Jun. 2026 was ₹88.08. Grasim Industries's Shiller PE Ratio of today is 36.05.

During the past 13 years, the highest Shiller PE Ratio of Grasim Industries was 37.67. The lowest was 7.23. And the median was 23.57.


Grasim Industries  (BOM:500300) 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.

Grasim Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3175.20/88.083
=36.05

* 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 Grasim Industries was 37.67. The lowest was 7.23. And the median was 23.57.


Be Aware

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


Grasim Industries E10 Related Terms


Grasim Industries E10 Historical Data

* Premium members only.

The historical data trend for Grasim Industries'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.

Grasim Industries E10 Chart

Grasim Industries 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 72.09 76.55 80.77 82.57 84.98

Grasim Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 84.87 85.34 85.19 86.10 88.08

BOM:500300 vs CRH, MLM, VMC: E10 Comparison

For the Building Materials subindustry, Grasim Industries'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.


Grasim Industries Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Grasim Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Grasim Industries's Shiller PE Ratio falls into.


BOM:500300
79GF Score
Grasim Industries Ltd BOM:500300
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grasim Industries 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, Grasim Industries's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=31.6/167.3573*167.3573
=31.600

Current CPI (Jun. 2026) = 167.3573.

Grasim Industries Quarterly Data

per share eps CPI Adj_EPS
201609 18.028 105.961 28.474
201612 15.269 105.196 24.292
201703 16.504 105.196 26.256
201706 18.974 107.109 29.647
201709 7.953 109.021 12.209
201712 8.217 109.404 12.570
201803 10.896 109.786 16.610
201806 16.892 111.317 25.396
201809 -22.242 115.142 -32.328
201812 14.183 115.142 20.615
201903 17.321 118.202 24.524
201906 18.740 120.880 25.945
201909 15.169 123.175 20.610
201912 10.299 126.235 13.654
202003 22.881 124.705 30.707
202006 3.553 127.000 4.682
202009 14.651 130.118 18.844
202012 21.024 130.889 26.882
202103 26.017 131.771 33.043
202106 25.249 134.084 31.515
202109 20.588 135.847 25.363
202112 26.454 138.161 32.044
202203 42.062 138.822 50.708
202206 29.283 142.347 34.428
202209 15.289 144.661 17.688
202212 38.118 145.763 43.765
202303 20.747 146.865 23.642
202306 23.895 150.280 26.610
202309 17.604 151.492 19.448
202312 22.958 152.924 25.125
202403 20.650 153.035 22.583
202406 15.844 155.789 17.021
202409 4.714 157.882 4.997
202412 12.210 158.323 12.907
202503 22.047 157.552 23.419
202506 20.910 159.755 21.905
202509 8.150 162.289 8.405
202512 15.260 163.281 15.641
202603 28.840 164.272 29.382
202606 31.600 167.357 31.600

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 ₹88.08 mean?
Grasim Industries (BOM:500300) has a E10 of ₹88.08 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Grasim Industries and its competitors.
Is Grasim Industries' E10 too high?
Grasim Industries' current E10 is ₹88.08. Overall, Grasim Industries has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grasim Industries' E10 compare to CRH and MLM?
Grasim Industries' E10 of ₹88.08 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Grasim Industries and its competitors. Grasim Industries's current E10 is ₹88.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grasim Industries stock overvalued right now?
Based on GuruFocus' analysis, Grasim Industries (BOM:500300) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,973.67, compared to a current price of ₹3,175.20 — trading 6.8% above its estimated fair value. The current E10 is ₹88.08. Grasim Industries' overall GF Score™ is 79/100 with 8 warning signs 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 Grasim Industries (BOM:500300), the current E10 is ₹88.08 as of Jun. 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 Grasim Industries (BOM:500300) Overvalued in 2026?

Based on GuruFocus' analysis, Grasim Industries stock appears to be overvalued. The current stock price of ₹3,175.20 is trading 6.8% above its estimated GF Value™ of ₹2,973.67. GuruFocus considers Grasim Industries to be Fairly Valued.

Key valuation signals for BOM:500300:

  • E10: ₹88.08
  • GF Value™: ₹2,973.67 vs. price of ₹3,175.20 (6.8% above fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the BOM:500300 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grasim Industries Business Description

Other Exchanges GRASIM:India
Address Sudam Kalu Ahire Marg, A Wing, 2nd Floor, Aditya Birla Centre, Worli, Mumbai, MH, IND, 400030
Grasim Industries Ltd is a cement and viscose staple fibre (VSF) manufacturing firm based in India. The activities of the group fall under the operating segments of Cellulosic Fibres, Chemicals, Building materials, Financial Services, and Others. It derives key revenue from the Building materials segment which covers products like grey cement, paints, white cement, and allied products. Geographically, the company derives a majority of its revenue from the domestic market and the rest from other countries through exports.
79GF Score

Get the complete analysis for BOM:500300

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

₹3,175.20
Price
₹2,973.67
GF Value