Indian Toners & Developers (BOM:523586) E10: ₹4.12 (As of Jun. 2026)

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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.
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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:523586 Indian Toners & Developers Ltd BOM:523586
81 GF Score
Price ₹47.51
GF Value ₹51.87
Valuation Fairly Valued
View Full Analysis

What is Indian Toners & Developers E10?

Indian Toners & Developers BOM:523586 +1.50% 81 E10 is ₹4.12 as of Jun. 2026. GuruFocus rates BOM:523586 with a GF Score™ of 81/100 and a GF Value™ of ₹51.87 (Fairly Valued).

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.

Indian Toners & Developers's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹0.234. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹4.12 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Indian Toners & Developers's average E10 Growth Rate was 5.40% per year. During the past 3 years, the average E10 Growth Rate was 5.80% per year. During the past 5 years, the average E10 Growth Rate was 7.70% 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 Indian Toners & Developers was 8.40% per year. The lowest was 5.80% per year. And the median was 8.10% per year.

As of today (2026-08-21), Indian Toners & Developers's current stock price is ₹47.51. Indian Toners & Developers's E10 for the quarter that ended in Jun. 2026 was ₹4.12. Indian Toners & Developers's Shiller PE Ratio of today is 11.53.

During the past 13 years, the highest Shiller PE Ratio of Indian Toners & Developers was 21.34. The lowest was 8.49. And the median was 12.96.


Indian Toners & Developers  (BOM:523586) 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.

Indian Toners & Developers's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=47.51/4.12
=11.53

* 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 Indian Toners & Developers was 21.34. The lowest was 8.49. And the median was 12.96.


Be Aware

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


Indian Toners & Developers E10 Related Terms


Indian Toners & Developers E10 Historical Data

* Premium members only.

The historical data trend for Indian Toners & Developers'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.

Indian Toners & Developers E10 Chart

Indian Toners & Developers 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 3.10 3.51 3.66 3.92 4.16

Indian Toners & Developers Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.91 3.95 3.99 4.16 4.12

BOM:523586 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Indian Toners & Developers'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.


Indian Toners & Developers Shiller PE Ratio vs Chemicals Industry

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

* The bar in red indicates where Indian Toners & Developers's Shiller PE Ratio falls into.


BOM:523586
81GF Score
Indian Toners & Developers Ltd BOM:523586
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Toners & Developers 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, Indian Toners & Developers's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.234/167.3573*167.3573
=0.234

Current CPI (Jun. 2026) = 167.3573.

Indian Toners & Developers Quarterly Data

per share eps CPI Adj_EPS
201609 0.854 105.961 1.349
201612 0.708 105.196 1.126
201703 0.017 105.196 0.027
201706 0.542 107.109 0.847
201709 1.146 109.021 1.759
201712 0.930 109.404 1.423
201803 1.034 109.786 1.576
201806 0.876 111.317 1.317
201809 0.658 115.142 0.956
201812 0.814 115.142 1.183
201903 0.680 118.202 0.963
201906 0.412 120.880 0.570
201909 0.556 123.175 0.755
201912 0.406 126.235 0.538
202003 0.430 124.705 0.577
202006 0.338 127.000 0.445
202009 0.512 130.118 0.659
202012 0.666 130.889 0.852
202103 0.504 131.771 0.640
202106 0.356 134.084 0.444
202109 1.042 135.847 1.284
202112 0.924 138.161 1.119
202203 1.116 138.822 1.345
202206 1.052 142.347 1.237
202209 1.042 144.661 1.205
202212 1.396 145.763 1.603
202303 1.358 146.865 1.547
202306 1.264 150.280 1.408
202309 0.922 151.492 1.019
202312 1.042 152.924 1.140
202403 1.588 153.035 1.737
202406 0.702 155.789 0.754
202409 1.014 157.882 1.075
202412 1.212 158.323 1.281
202503 1.260 157.552 1.338
202506 0.302 159.755 0.316
202509 1.036 162.289 1.068
202512 1.230 163.281 1.261
202603 1.466 164.272 1.494
202606 0.234 167.357 0.234

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 ₹4.12 mean?
Indian Toners & Developers (BOM:523586) has a E10 of ₹4.12 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indian Toners & Developers and its competitors.
Is Indian Toners & Developers' E10 too high?
Indian Toners & Developers' current E10 is ₹4.12. Overall, Indian Toners & Developers has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Toners & Developers' E10 compare to LIN and SHW?
Indian Toners & Developers' E10 of ₹4.12 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 Indian Toners & Developers and its competitors. Indian Toners & Developers's current E10 is ₹4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Toners & Developers stock overvalued right now?
Based on GuruFocus' analysis, Indian Toners & Developers (BOM:523586) is currently considered Fairly Valued. The stock's GF Value™ is ₹51.87, compared to a current price of ₹47.51 — trading 8.4% below its estimated fair value. The current E10 is ₹4.12. Indian Toners & Developers' overall GF Score™ is 81/100. 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 Indian Toners & Developers (BOM:523586), the current E10 is ₹4.12 as of Jun. 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 Indian Toners & Developers (BOM:523586) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Toners & Developers stock appears to be undervalued. The current stock price of ₹47.51 is trading 8.4% below its estimated GF Value™ of ₹51.87. GuruFocus considers Indian Toners & Developers to be Fairly Valued.

Key valuation signals for BOM:523586:

  • E10: ₹4.12
  • GF Value™: ₹51.87 vs. price of ₹47.51 (8.4% below fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the BOM:523586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Toners & Developers Business Description

Address 1223, DLF Tower - B, Jasola, New Delhi, IND, 110 025
Indian Toners & Developers Ltd is a manufacturer of toners and developers. The company is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. The only reporting segment of the company is a manufacturer of compatible toner. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging.
81GF Score

Get the complete analysis for BOM:523586

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

₹47.51
Price
₹51.87
GF Value