Keltech Energies (BOM:506528) E10: ₹135.34 (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:506528 Keltech Energies Ltd BOM:506528
63 GF Score
Price ₹8,237.20
GF Value ₹3,841.54
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Keltech Energies E10?

Keltech Energies BOM:506528 +0.55% 63 E10 is ₹135.34 as of Mar. 2026. GuruFocus rates BOM:506528 with a GF Score™ of 63/100 and a GF Value™ of ₹3,841.54 (Significantly Overvalued). The stock has 7 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.

Keltech Energies's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹84.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹135.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Keltech Energies's average E10 Growth Rate was 23.40% per year. During the past 3 years, the average E10 Growth Rate was 21.70% per year. During the past 5 years, the average E10 Growth Rate was 15.50% 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 Keltech Energies was 21.70% per year. The lowest was 8.70% per year. And the median was 18.00% per year.

As of today (2026-07-20), Keltech Energies's current stock price is ₹8237.20. Keltech Energies's E10 for the quarter that ended in Mar. 2026 was ₹135.34. Keltech Energies's Shiller PE Ratio of today is 60.86.

During the past 13 years, the highest Shiller PE Ratio of Keltech Energies was 64.14. The lowest was 6.00. And the median was 21.75.


Keltech Energies  (BOM:506528) 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.

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

Shiller PE Ratio=Share Price/E10
=8237.20/135.34
=60.86

* 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 Keltech Energies was 64.14. The lowest was 6.00. And the median was 21.75.


Be Aware

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


Keltech Energies E10 Related Terms


Keltech Energies E10 Historical Data

* Premium members only.

The historical data trend for Keltech Energies'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.

Keltech Energies E10 Chart

Keltech Energies 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 66.85 75.10 87.77 109.71 135.34

Keltech Energies 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 109.71 118.99 123.99 128.61 135.34

BOM:506528 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Keltech Energies'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.


Keltech Energies Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Keltech Energies's Shiller PE Ratio distribution charts can be found below:

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


BOM:506528
63GF Score
Keltech Energies Ltd BOM:506528
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keltech Energies 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, Keltech Energies'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)
=84.44/164.2724*164.2724
=84.440

Current CPI (Mar. 2026) = 164.2724.

Keltech Energies Quarterly Data

per share eps CPI Adj_EPS
201606 10.700 105.961 16.588
201609 10.940 105.961 16.960
201612 16.050 105.196 25.063
201703 20.700 105.196 32.325
201706 25.580 107.109 39.232
201709 -4.230 109.021 -6.374
201712 42.400 109.404 63.665
201803 11.780 109.786 17.626
201806 20.530 111.317 30.297
201809 2.700 115.142 3.852
201812 12.760 115.142 18.205
201903 24.260 118.202 33.716
201906 29.850 120.880 40.565
201909 21.620 123.175 28.834
201912 30.510 126.235 39.703
202003 -34.580 124.705 -45.552
202006 16.730 127.000 21.640
202009 8.920 130.118 11.261
202012 9.800 130.889 12.299
202103 -16.690 131.771 -20.807
202106 18.660 134.084 22.861
202109 6.960 135.847 8.416
202112 7.410 138.161 8.810
202203 33.280 138.822 39.381
202206 23.070 142.347 26.623
202209 5.280 144.661 5.996
202212 24.900 145.763 28.062
202303 65.960 146.865 73.778
202306 48.840 150.280 53.387
202309 39.420 151.492 42.746
202312 43.800 152.924 47.050
202403 62.070 153.035 66.628
202406 67.520 155.789 71.197
202409 55.560 157.882 57.809
202412 57.520 158.323 59.682
202503 68.820 157.552 71.756
202506 82.090 159.755 84.411
202509 61.980 162.289 62.737
202512 58.140 163.281 58.493
202603 84.440 164.272 84.440

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 ₹135.34 mean?
Keltech Energies (BOM:506528) has a E10 of ₹135.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Keltech Energies and its competitors.
Is Keltech Energies' E10 too high?
Keltech Energies' current E10 is ₹135.34. Overall, Keltech Energies has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keltech Energies' E10 compare to LIN and SHW?
Keltech Energies' E10 of ₹135.34 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Keltech Energies and its competitors. Keltech Energies's current E10 is ₹135.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keltech Energies stock overvalued right now?
Based on GuruFocus' analysis, Keltech Energies (BOM:506528) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,841.54, compared to a current price of ₹8,237.20 — trading 114.4% above its estimated fair value. The current E10 is ₹135.34. Keltech Energies' overall GF Score™ is 63/100 with 7 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 Keltech Energies (BOM:506528), the current E10 is ₹135.34 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 Keltech Energies (BOM:506528) Overvalued in 2026?

Based on GuruFocus' analysis, Keltech Energies stock appears to be overvalued. The current stock price of ₹8,237.20 is trading 114.4% above its estimated GF Value™ of ₹3,841.54. GuruFocus considers Keltech Energies to be Significantly Overvalued.

Key valuation signals for BOM:506528:

  • E10: ₹135.34
  • GF Value™: ₹3,841.54 vs. price of ₹8,237.20 (114.4% above fair value)
  • GF Score™: 63/100 with 7 warning signs

No single metric tells the full story. See the BOM:506528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keltech Energies Business Description

Address No.3, Infantry Road, 7th Floor, Embassy Icon, Bengaluru, KA, IND, 560001
Keltech Energies Ltd is engaged in the manufacture of industrial explosives and the sale of perlite & perlite-based products. The company is also a technology provider in the area of low-temperature cryogenic insulation of LNG, Ethylene, Propylene, Butane, Propane, Ethane, LOX, LIN, LAR, Ammonia, Cold boxes, and other cryogenic equipment. It has two reportable segments; the Explosives segment which manufactures cartridge explosives, and bulk emulsion explosives; and the Perlite segment which manufactures cryogenic insulation, industrial filter-aid, horticulture products, etc. The majority of the company's revenue is generated from the Explosives segment. Geographically, it derives all of its revenue within India.
63GF Score

Get the complete analysis for BOM:506528

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

₹8,237.20
Price
₹3,841.54
GF Value