Shivagrico Implements (BOM:522237) E10: ₹-0.04 (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:522237 Shivagrico Implements Ltd BOM:522237
65 GF Score
Price ₹26.99
GF Value ₹28.98
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Shivagrico Implements E10?

Shivagrico Implements BOM:522237 +9.14% 65 E10 is ₹-0.04 as of Mar. 2026. GuruFocus rates BOM:522237 with a GF Score™ of 65/100 and a GF Value™ of ₹28.98 (Fairly Valued). 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.

Shivagrico Implements's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.04 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 34.10% per year. During the past 5 years, the average E10 Growth Rate was 11.10% 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 Shivagrico Implements was 34.10% per year. The lowest was -26.00% per year. And the median was -2.30% per year.

As of today (2026-07-14), Shivagrico Implements's current stock price is ₹26.99. Shivagrico Implements's E10 for the quarter that ended in Mar. 2026 was ₹-0.04. Shivagrico Implements's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Shivagrico Implements was 247.00. The lowest was 235.00. And the median was 235.00.


Shivagrico Implements  (BOM:522237) 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 Shivagrico Implements was 247.00. The lowest was 235.00. And the median was 235.00.


Be Aware

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


Shivagrico Implements E10 Related Terms


Shivagrico Implements E10 Historical Data

* Premium members only.

The historical data trend for Shivagrico Implements'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.

Shivagrico Implements E10 Chart

Shivagrico Implements 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 -0.06 -0.14 -0.15 -0.12 -0.04

Shivagrico Implements 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 -0.12 0.00 -0.10 -0.07 -0.04

BOM:522237 vs SNA, RBC, LECO: E10 Comparison

For the Tools & Accessories subindustry, Shivagrico Implements'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.


Shivagrico Implements Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shivagrico Implements's Shiller PE Ratio distribution charts can be found below:

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


BOM:522237
65GF Score
Shivagrico Implements Ltd BOM:522237
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shivagrico Implements 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, Shivagrico Implements'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)
=0.28/164.2724*164.2724
=0.280

Current CPI (Mar. 2026) = 164.2724.

Shivagrico Implements Quarterly Data

per share eps CPI Adj_EPS
201606 0.020 105.961 0.031
201609 0.030 105.961 0.047
201612 0.120 105.196 0.187
201703 -0.083 105.196 -0.130
201706 -0.550 107.109 -0.844
201709 -0.270 109.021 -0.407
201712 0.110 109.404 0.165
201803 0.061 109.786 0.091
201806 -0.230 111.317 -0.339
201809 -0.440 115.142 -0.628
201812 -0.430 115.142 -0.613
201903 -0.550 118.202 -0.764
201906 0.020 120.880 0.027
201909 -0.940 123.175 -1.254
201912 0.260 126.235 0.338
202003 -0.230 124.705 -0.303
202006 -0.740 127.000 -0.957
202009 0.860 130.118 1.086
202012 -0.010 130.889 -0.013
202103 0.090 131.771 0.112
202106 0.440 134.084 0.539
202109 0.580 135.847 0.701
202112 0.480 138.161 0.571
202203 0.030 138.822 0.035
202206 0.220 142.347 0.254
202209 0.010 144.661 0.011
202212 0.050 145.763 0.056
202303 -0.070 146.865 -0.078
202306 0.050 150.280 0.055
202309 0.130 151.492 0.141
202312 -0.010 152.924 -0.011
202403 -0.030 153.035 -0.032
202406 0.070 155.789 0.074
202409 0.130 157.882 0.135
202412 0.100 158.323 0.104
202503 0.460 157.552 0.480
202506 0.000 159.755 0.000
202509 0.280 162.289 0.283
202512 0.210 163.281 0.211
202603 0.280 164.272 0.280

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 ₹-0.04 mean?
Shivagrico Implements (BOM:522237) has a E10 of ₹-0.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shivagrico Implements and its competitors.
Is Shivagrico Implements' E10 too high?
Shivagrico Implements' current E10 is ₹-0.04. Overall, Shivagrico Implements has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shivagrico Implements' E10 compare to SNA and RBC?
Shivagrico Implements' E10 of ₹-0.04 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good E10 depends on the Industrial Products 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 Shivagrico Implements and its competitors. Shivagrico Implements's current E10 is ₹-0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivagrico Implements stock overvalued right now?
Based on GuruFocus' analysis, Shivagrico Implements (BOM:522237) is currently considered Fairly Valued. The stock's GF Value™ is ₹28.98, compared to a current price of ₹26.99 — trading 6.9% below its estimated fair value. The current E10 is ₹-0.04. Shivagrico Implements' overall GF Score™ is 65/100 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 Shivagrico Implements (BOM:522237), the current E10 is ₹-0.04 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 Shivagrico Implements (BOM:522237) Overvalued in 2026?

Based on GuruFocus' analysis, Shivagrico Implements stock appears to be undervalued. The current stock price of ₹26.99 is trading 6.9% below its estimated GF Value™ of ₹28.98. GuruFocus considers Shivagrico Implements to be Fairly Valued.

Key valuation signals for BOM:522237:

  • E10: ₹-0.04
  • GF Value™: ₹28.98 vs. price of ₹26.99 (6.9% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the BOM:522237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shivagrico Implements Business Description

Address 281, Tardeo Road, A-1, Ground Floor, Adinath Apartments, Mumbai, MH, IND, 400 007
Shivagrico Implements Ltd mainly deals in the rolling and forging of agricultural implements and other products. Its product portfolio comprises hot-rolled flats, bars, rounds, angles, and more, for both market sales as well as for captive self-consumption. In addition, it offers various hand tools and implements such as pickaxes of different types, crowbars, digging bars, hoes, pick mattocks, etc. The company is engaged in a single operating segment, the Rolling and Forging division. Geographically, the company derives maximum revenue from its business in India, and also has some exposure to overseas markets.
65GF Score

Get the complete analysis for BOM:522237

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

₹26.99
Price
₹28.98
GF Value