Polychem (BOM:506605) E10: ₹120.29 (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:506605 Polychem Ltd BOM:506605
73 GF Score
Price ₹1,955.00
GF Value ₹2,200.67
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Polychem E10?

Polychem BOM:506605 +2.84% 73 E10 is ₹120.29 as of Mar. 2026. GuruFocus rates BOM:506605 with a GF Score™ of 73/100 and a GF Value™ of ₹2,200.67 (Modestly Undervalued). The stock has 4 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.

Polychem's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-35.880. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹120.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Polychem's average E10 Growth Rate was 44.10% per year. During the past 3 years, the average E10 Growth Rate was 32.80% 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 Polychem was 32.80% per year. The lowest was 32.80% per year. And the median was 32.80% per year.

As of today (2026-08-01), Polychem's current stock price is ₹1955.00. Polychem's E10 for the quarter that ended in Mar. 2026 was ₹120.29. Polychem's Shiller PE Ratio of today is 16.25.

During the past 13 years, the highest Shiller PE Ratio of Polychem was 50.51. The lowest was 15.51. And the median was 24.24.


Polychem  (BOM:506605) 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.

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

Shiller PE Ratio=Share Price/E10
=1955.00/120.29
=16.25

* 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 Polychem was 50.51. The lowest was 15.51. And the median was 24.24.


Be Aware

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


Polychem E10 Related Terms


Polychem E10 Historical Data

* Premium members only.

The historical data trend for Polychem'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.

Polychem E10 Chart

Polychem 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 0.00 51.39 72.94 83.49 120.29

Polychem 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 83.49 91.75 92.82 124.81 120.29

BOM:506605 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Polychem'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.


Polychem Shiller PE Ratio vs Chemicals Industry

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

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


BOM:506605
73GF Score
Polychem Ltd BOM:506605
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polychem 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, Polychem'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)
=-35.88/164.2724*164.2724
=-35.880

Current CPI (Mar. 2026) = 164.2724.

Polychem Quarterly Data

per share eps CPI Adj_EPS
201412 -0.340 96.780 -0.577
201503 -7.490 97.163 -12.663
201506 8.790 99.841 14.463
201509 1.450 101.753 2.341
201512 -0.190 102.901 -0.303
201603 -1.650 102.518 -2.644
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 20.750 111.317 30.621
201809 29.630 115.142 42.273
201812 18.880 115.142 26.936
201903 20.460 118.202 28.434
201906 20.700 120.880 28.131
201909 18.410 123.175 24.553
201912 22.350 126.235 29.084
202003 14.430 124.705 19.008
202006 -4.790 127.000 -6.196
202009 0.940 130.118 1.187
202012 13.940 130.889 17.495
202103 10.380 131.771 12.940
202106 6.800 134.084 8.331
202109 -3.695 135.847 -4.468
202112 -4.370 138.161 -5.196
202203 13.800 138.822 16.330
202206 23.080 142.347 26.635
202209 71.440 144.661 81.125
202212 38.350 145.763 43.220
202303 42.210 146.865 47.213
202306 39.650 150.280 43.342
202309 37.380 151.492 40.534
202312 43.140 152.924 46.341
202403 58.100 153.035 62.367
202406 37.490 155.789 39.532
202409 -11.450 157.882 -11.913
202412 21.870 158.323 22.692
202503 22.160 157.552 23.105
202506 83.980 159.755 86.355
202509 17.730 162.289 17.947
202512 338.040 163.281 340.093
202603 -35.880 164.272 -35.880

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 ₹120.29 mean?
Polychem (BOM:506605) has a E10 of ₹120.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Polychem and its competitors.
Is Polychem's E10 too high?
Polychem's current E10 is ₹120.29. Overall, Polychem has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Polychem's E10 compare to LIN and SHW?
Polychem's E10 of ₹120.29 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 Polychem and its competitors. Polychem's current E10 is ₹120.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polychem stock overvalued right now?
Based on GuruFocus' analysis, Polychem (BOM:506605) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,200.67, compared to a current price of ₹1,955.00 — trading 11.2% below its estimated fair value. The current E10 is ₹120.29. Polychem's overall GF Score™ is 73/100 with 4 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 Polychem (BOM:506605), the current E10 is ₹120.29 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 Polychem (BOM:506605) Overvalued in 2026?

Based on GuruFocus' analysis, Polychem stock appears to be undervalued. The current stock price of ₹1,955.00 is trading 11.2% below its estimated GF Value™ of ₹2,200.67. GuruFocus considers Polychem to be Modestly Undervalued.

Key valuation signals for BOM:506605:

  • E10: ₹120.29
  • GF Value™: ₹2,200.67 vs. price of ₹1,955.00 (11.2% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the BOM:506605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Polychem Business Description

Address 7, Jamshedji Tata Road, 5th Floor, Oriental House, Churchgate Reclamation, Mumbai, MH, IND, 400 020
Polychem Ltd is an India-based company engaged in the manufacturing of specialty chemicals. It manufactures basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. It operates through the business segments of Property Development, Specialty Chemicals and Manufacturing and trading in Capacitors. Its products include Cross linked polystyrene, Low molecular weight polystyrene, Styrene ethyl acrylate co-polymer, SBA PC-50 and SBA PC-30. The company has its presence in India and other countries.
73GF Score

Get the complete analysis for BOM:506605

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

₹1,955.00
Price
₹2,200.67
GF Value