Ultramarine & Pigments (BOM:506685) E10: ₹25.06 (As of Mar. 2026)

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BOM:506685 Ultramarine & Pigments Ltd BOM:506685
81 GF Score
Price ₹372.45
GF Value ₹576.91
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ultramarine & Pigments E10?

Ultramarine & Pigments BOM:506685 +1.06% 81 E10 is ₹25.06 as of Mar. 2026. GuruFocus rates BOM:506685 with a GF Score™ of 81/100 and a GF Value™ of ₹576.91 (Significantly Undervalued). The stock has 3 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.

Ultramarine & Pigments's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹4.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹25.06 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ultramarine & Pigments's average E10 Growth Rate was 9.90% per year. During the past 3 years, the average E10 Growth Rate was 10.80% per year. During the past 5 years, the average E10 Growth Rate was 11.90% 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 Ultramarine & Pigments was 13.00% per year. The lowest was 10.80% per year. And the median was 11.80% per year.

As of today (2026-07-30), Ultramarine & Pigments's current stock price is ₹372.45. Ultramarine & Pigments's E10 for the quarter that ended in Mar. 2026 was ₹25.06. Ultramarine & Pigments's Shiller PE Ratio of today is 14.86.

During the past 13 years, the highest Shiller PE Ratio of Ultramarine & Pigments was 31.63. The lowest was 14.84. And the median was 20.23.


Ultramarine & Pigments  (BOM:506685) 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.

Ultramarine & Pigments's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=372.45/25.06
=14.86

* 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 Ultramarine & Pigments was 31.63. The lowest was 14.84. And the median was 20.23.


Be Aware

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


Ultramarine & Pigments E10 Related Terms


Ultramarine & Pigments E10 Historical Data

* Premium members only.

The historical data trend for Ultramarine & Pigments'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.

Ultramarine & Pigments E10 Chart

Ultramarine & Pigments 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 15.82 18.40 20.33 22.80 25.06

Ultramarine & Pigments 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 22.80 23.52 24.17 24.82 25.06

BOM:506685 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Ultramarine & Pigments'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.


Ultramarine & Pigments Shiller PE Ratio vs Chemicals Industry

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

* The bar in red indicates where Ultramarine & Pigments's Shiller PE Ratio falls into.


BOM:506685
81GF Score
Ultramarine & Pigments Ltd BOM:506685
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultramarine & Pigments 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, Ultramarine & Pigments'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)
=4.85/164.2724*164.2724
=4.850

Current CPI (Mar. 2026) = 164.2724.

Ultramarine & Pigments Quarterly Data

per share eps CPI Adj_EPS
201606 2.480 105.961 3.845
201609 3.070 105.961 4.759
201612 2.850 105.196 4.451
201703 2.720 105.196 4.248
201706 3.320 107.109 5.092
201709 4.690 109.021 7.067
201712 4.050 109.404 6.081
201803 2.890 109.786 4.324
201806 5.580 111.317 8.235
201809 5.720 115.142 8.161
201812 5.490 115.142 7.833
201903 2.550 118.202 3.544
201906 5.060 120.880 6.876
201909 6.330 123.175 8.442
201912 5.380 126.235 7.001
202003 4.450 124.705 5.862
202006 3.430 127.000 4.437
202009 5.890 130.118 7.436
202012 6.020 130.889 7.555
202103 3.750 131.771 4.675
202106 4.750 134.084 5.819
202109 5.740 135.847 6.941
202112 5.110 138.161 6.076
202203 4.370 138.822 5.171
202206 5.860 142.347 6.763
202209 7.460 144.661 8.471
202212 6.640 145.763 7.483
202303 3.750 146.865 4.194
202306 5.660 150.280 6.187
202309 5.910 151.492 6.409
202312 4.430 152.924 4.759
202403 3.720 153.035 3.993
202406 5.660 155.789 5.968
202409 6.380 157.882 6.638
202412 7.820 158.323 8.114
202503 9.280 157.552 9.676
202506 6.910 159.755 7.105
202509 6.630 162.289 6.711
202512 9.280 163.281 9.336
202603 4.850 164.272 4.850

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 ₹25.06 mean?
Ultramarine & Pigments (BOM:506685) has a E10 of ₹25.06 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ultramarine & Pigments and its competitors.
Is Ultramarine & Pigments' E10 too high?
Ultramarine & Pigments' current E10 is ₹25.06. Overall, Ultramarine & Pigments has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultramarine & Pigments' E10 compare to LIN and SHW?
Ultramarine & Pigments' E10 of ₹25.06 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 Ultramarine & Pigments and its competitors. Ultramarine & Pigments's current E10 is ₹25.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultramarine & Pigments stock overvalued right now?
Based on GuruFocus' analysis, Ultramarine & Pigments (BOM:506685) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹576.91, compared to a current price of ₹372.45 — trading 35.4% below its estimated fair value. The current E10 is ₹25.06. Ultramarine & Pigments' overall GF Score™ is 81/100 with 3 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 Ultramarine & Pigments (BOM:506685), the current E10 is ₹25.06 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 Ultramarine & Pigments (BOM:506685) Overvalued in 2026?

Based on GuruFocus' analysis, Ultramarine & Pigments stock appears to be undervalued. The current stock price of ₹372.45 is trading 35.4% below its estimated GF Value™ of ₹576.91. GuruFocus considers Ultramarine & Pigments to be Significantly Undervalued.

Key valuation signals for BOM:506685:

  • E10: ₹25.06
  • GF Value™: ₹576.91 vs. price of ₹372.45 (35.4% below fair value)
  • GF Score™: 81/100 with 3 warning signs

No single metric tells the full story. See the BOM:506685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ultramarine & Pigments Business Description

Other Exchanges ULTRAMAR:India
Address Thirumalai House, Road No. 29, Plot No. 101 -102, Near Sion Hill Fort, Sion (East), Mumbai, MH, IND, 400 022
Ultramarine & Pigments Ltd is an Indian company engaged in offering surfactants, pigments, and information technology-enabled services (ITES). The company operates through three segments namely; Chemicals and Allied Products, IT-enabled Services, and Wind Turbine Generator. The organization generates power from a wind turbine. The company generates maximum revenue from Chemicals and Allied Products.
81GF Score

Get the complete analysis for BOM:506685

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

₹372.45
Price
₹576.91
GF Value