Nirlon (BOM:500307) E10: ₹18.68 (As of Mar. 2026)


BOM:500307 Nirlon Ltd BOM:500307
69 GF Score
Price ₹619.00
GF Value ₹503.84
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Nirlon E10?

Nirlon BOM:500307 69 E10 is ₹18.68 as of Mar. 2026. GuruFocus rates BOM:500307 with a GF Score™ of 69/100 and a GF Value™ of ₹503.84 (Modestly Overvalued). The stock has 5 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.

Nirlon's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹7.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹18.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nirlon's average E10 Growth Rate was 25.00% per year. During the past 3 years, the average E10 Growth Rate was 20.40% per year. During the past 5 years, the average E10 Growth Rate was 21.10% 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 Nirlon was 22.40% per year. The lowest was 19.70% per year. And the median was 21.20% per year.

As of today (2026-07-06), Nirlon's current stock price is ₹619.00. Nirlon's E10 for the quarter that ended in Mar. 2026 was ₹18.68. Nirlon's Shiller PE Ratio of today is 33.14.

During the past 13 years, the highest Shiller PE Ratio of Nirlon was 54.02. The lowest was 27.31. And the median was 36.13.


Nirlon  (BOM:500307) 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.

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

Shiller PE Ratio=Share Price/E10
=619.00/18.68
=33.14

* 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 Nirlon was 54.02. The lowest was 27.31. And the median was 36.13.


Be Aware

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


Nirlon E10 Related Terms


Nirlon E10 Historical Data

* Premium members only.

The historical data trend for Nirlon'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.

Nirlon E10 Chart

Nirlon 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 8.71 10.71 12.74 14.94 18.68

Nirlon 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 14.94 15.63 17.14 17.59 18.68

BOM:500307 vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Nirlon'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.


Nirlon Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Nirlon's Shiller PE Ratio distribution charts can be found below:

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


BOM:500307
69GF Score
Nirlon Ltd BOM:500307
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nirlon 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, Nirlon'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)
=7.83/164.2724*164.2724
=7.830

Current CPI (Mar. 2026) = 164.2724.

Nirlon Quarterly Data

per share eps CPI Adj_EPS
201606 1.630 105.961 2.527
201609 1.740 105.961 2.698
201612 1.910 105.196 2.983
201703 1.180 105.196 1.843
201706 2.100 107.109 3.221
201709 1.570 109.021 2.366
201712 1.900 109.404 2.853
201803 0.590 109.786 0.883
201806 1.660 111.317 2.450
201809 1.750 115.142 2.497
201812 2.020 115.142 2.882
201903 1.640 118.202 2.279
201906 2.850 120.880 3.873
201909 3.020 123.175 4.028
201912 3.030 126.235 3.943
202003 3.260 124.705 4.294
202006 3.600 127.000 4.657
202009 3.710 130.118 4.684
202012 3.640 130.889 4.568
202103 3.190 131.771 3.977
202106 2.940 134.084 3.602
202109 3.750 135.847 4.535
202112 1.490 138.161 1.772
202203 4.110 138.822 4.863
202206 1.580 142.347 1.823
202209 4.490 144.661 5.099
202212 5.940 145.763 6.694
202303 5.510 146.865 6.163
202306 5.520 150.280 6.034
202309 5.820 151.492 6.311
202312 5.780 152.924 6.209
202403 5.680 153.035 6.097
202406 5.530 155.789 5.831
202409 6.270 157.882 6.524
202412 6.470 158.323 6.713
202503 5.940 157.552 6.193
202506 6.480 159.755 6.663
202509 16.390 162.289 16.590
202512 7.690 163.281 7.737
202603 7.830 164.272 7.830

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 ₹18.68 mean?
Nirlon (BOM:500307) has a E10 of ₹18.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nirlon and its competitors.
Is Nirlon's E10 too high?
Nirlon's current E10 is ₹18.68. Overall, Nirlon has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nirlon's E10 compare to CBRE and BEKE?
Nirlon's E10 of ₹18.68 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Nirlon and its competitors. Nirlon's current E10 is ₹18.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nirlon stock overvalued right now?
Based on GuruFocus' analysis, Nirlon (BOM:500307) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹503.84, compared to a current price of ₹619.00 — trading 22.9% above its estimated fair value. The current E10 is ₹18.68. Nirlon's overall GF Score™ is 69/100 with 5 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 Nirlon (BOM:500307), the current E10 is ₹18.68 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 Nirlon (BOM:500307) Overvalued in 2026?

Based on GuruFocus' analysis, Nirlon stock appears to be overvalued. The current stock price of ₹619.00 is trading 22.9% above its estimated GF Value™ of ₹503.84. GuruFocus considers Nirlon to be Modestly Overvalued.

Key valuation signals for BOM:500307:

  • E10: ₹18.68
  • GF Value™: ₹503.84 vs. price of ₹619.00 (22.9% above fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the BOM:500307 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nirlon Business Description

Other Exchanges NIRLON:India
Address Off the Western Express Highway, Pahadi Village, Goregaon (East, Mumbai, MH, IND, 400 063
Nirlon Ltd is an India-based real estate company. It is engaged in developing and managing Information Technology Parks, Industrial Park, and Knowledge Parks. Its projects include Nirlon Knowledge Park. The company generates revenues from Licence fees. Geographically, it operates only in India.
69GF Score

Get the complete analysis for BOM:500307

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

₹619.00
Price
₹503.84
GF Value