Ashiana Ispat (BOM:513401) E10: ₹-0.18 (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:513401 Ashiana Ispat Ltd BOM:513401
51 GF Score
Price ₹17.50
GF Value ₹239.99
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Ashiana Ispat E10?

Ashiana Ispat BOM:513401 51 E10 is ₹-0.18 as of Mar. 2026. GuruFocus rates BOM:513401 with a GF Score™ of 51/100 and a GF Value™ of ₹239.99 (Possible Value Trap). The stock has 2 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.

Ashiana Ispat's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-9.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.18 for the trailing ten years ended in Mar. 2026.

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 Ashiana Ispat was -16.90% per year. The lowest was -16.90% per year. And the median was -16.90% per year.

As of today (2026-07-29), Ashiana Ispat's current stock price is ₹17.50. Ashiana Ispat's E10 for the quarter that ended in Mar. 2026 was ₹-0.18. Ashiana Ispat's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Ashiana Ispat was 30.53. The lowest was 1.04. And the median was 5.72.


Ashiana Ispat  (BOM:513401) 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.

During the past 13 years, the highest Shiller P/E Ratio of Ashiana Ispat was 30.53. The lowest was 1.04. And the median was 5.72.


Be Aware

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


Ashiana Ispat E10 Related Terms


Ashiana Ispat E10 Historical Data

* Premium members only.

The historical data trend for Ashiana Ispat'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.

Ashiana Ispat E10 Chart

Ashiana Ispat 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 6.01 6.40 5.12 -2.94 -0.18

Ashiana Ispat 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 -2.94 -3.06 -3.32 0.90 -0.18

BOM:513401 vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, Ashiana Ispat'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.


Ashiana Ispat Shiller PE Ratio vs Steel Industry

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

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


BOM:513401
51GF Score
Ashiana Ispat Ltd BOM:513401
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ashiana Ispat 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, Ashiana Ispat'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)
=-9.27/164.2724*164.2724
=-9.270

Current CPI (Mar. 2026) = 164.2724.

Ashiana Ispat Quarterly Data

per share eps CPI Adj_EPS
201606 0.310 105.961 0.481
201609 0.583 105.961 0.904
201612 4.440 105.196 6.933
201703 1.980 105.196 3.092
201706 0.560 107.109 0.859
201709 0.450 109.021 0.678
201712 3.570 109.404 5.360
201803 2.550 109.786 3.816
201806 2.260 111.317 3.335
201809 1.550 115.142 2.211
201812 0.500 115.142 0.713
201903 1.400 118.202 1.946
201906 0.210 120.880 0.285
201909 0.730 123.175 0.974
201912 -8.630 126.235 -11.230
202003 -7.040 124.705 -9.274
202006 0.230 127.000 0.298
202009 0.190 130.118 0.240
202012 0.620 130.889 0.778
202103 0.420 131.771 0.524
202106 0.570 134.084 0.698
202109 0.170 135.847 0.206
202112 0.190 138.161 0.226
202203 0.340 138.822 0.402
202206 0.800 142.347 0.923
202209 2.040 144.661 2.317
202212 0.810 145.763 0.913
202303 0.110 146.865 0.123
202306 -0.550 150.280 -0.601
202309 1.080 151.492 1.171
202312 0.810 152.924 0.870
202403 0.490 153.035 0.526
202406 3.980 155.789 4.197
202409 -6.140 157.882 -6.389
202412 -4.320 158.323 -4.482
202503 -52.080 157.552 -54.302
202506 -0.430 159.755 -0.442
202509 0.430 162.289 0.435
202512 47.500 163.281 47.788
202603 -9.270 164.272 -9.270

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 ₹-0.18 mean?
Ashiana Ispat (BOM:513401) has a E10 of ₹-0.18 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ashiana Ispat and its competitors.
Is Ashiana Ispat's E10 too high?
Ashiana Ispat's current E10 is ₹-0.18. Overall, Ashiana Ispat has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ashiana Ispat's E10 compare to NUE and STLD?
Ashiana Ispat's E10 of ₹-0.18 can be compared against companies in the Steel 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 Steel company?
A good E10 depends on the Steel 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 Ashiana Ispat and its competitors. Ashiana Ispat's current E10 is ₹-0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashiana Ispat stock overvalued right now?
Based on GuruFocus' analysis, Ashiana Ispat (BOM:513401) is currently considered Possible Value Trap. The stock's GF Value™ is ₹239.99, compared to a current price of ₹17.50 — trading 92.7% below its estimated fair value. The current E10 is ₹-0.18. Ashiana Ispat's overall GF Score™ is 51/100 with 2 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 Ashiana Ispat (BOM:513401), the current E10 is ₹-0.18 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 Ashiana Ispat (BOM:513401) Overvalued in 2026?

Based on GuruFocus' analysis, Ashiana Ispat stock appears to be undervalued. The current stock price of ₹17.50 is trading 92.7% below its estimated GF Value™ of ₹239.99. GuruFocus considers Ashiana Ispat to be Possible Value Trap.

Key valuation signals for BOM:513401:

  • E10: ₹-0.18
  • GF Value™: ₹239.99 vs. price of ₹17.50 (92.7% below fair value)
  • GF Score™: 51/100 with 2 warning signs

No single metric tells the full story. See the BOM:513401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ashiana Ispat Business Description

Address 908 - 910, Pearl Best Height - II, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034
Ashiana Ispat Ltd is a steel company. It is engaged in the manufacturing of value-added steel for domestic construction, engineering, automotive, and infrastructure sectors. It manufactures thermo-mechanically treated bars (TMT) and cold twisted deformed bars (CTD).
51GF Score

Get the complete analysis for BOM:513401

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

₹17.50
Price
₹239.99
GF Value