Natural Capsules (BOM:524654) E10: ₹5.56 (As of Mar. 2026)

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BOM:524654 Natural Capsules Ltd BOM:524654
43 GF Score
Price ₹155.80
GF Value ₹313.68
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Natural Capsules E10?

Natural Capsules BOM:524654 +3.42% 43 E10 is ₹5.56 as of Mar. 2026. GuruFocus rates BOM:524654 with a GF Score™ of 43/100 and a GF Value™ of ₹313.68 (Possible Value Trap). 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.

Natural Capsules's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-4.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹5.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Natural Capsules's average E10 Growth Rate was -35.90% per year. During the past 3 years, the average E10 Growth Rate was -18.20% per year. During the past 5 years, the average E10 Growth Rate was -6.40% 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 Natural Capsules was 5.40% per year. The lowest was -18.20% per year. And the median was -2.40% per year.

As of today (2026-08-09), Natural Capsules's current stock price is ₹155.80. Natural Capsules's E10 for the quarter that ended in Mar. 2026 was ₹5.56. Natural Capsules's Shiller PE Ratio of today is 28.02.

During the past 13 years, the highest Shiller PE Ratio of Natural Capsules was 64.22. The lowest was 6.87. And the median was 31.68.


Natural Capsules  (BOM:524654) 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.

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

Shiller PE Ratio=Share Price/E10
=155.80/5.56
=28.02

* 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 Natural Capsules was 64.22. The lowest was 6.87. And the median was 31.68.


Be Aware

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


Natural Capsules E10 Related Terms


Natural Capsules E10 Historical Data

* Premium members only.

The historical data trend for Natural Capsules'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.

Natural Capsules E10 Chart

Natural Capsules 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 9.32 10.16 9.80 8.67 5.56

Natural Capsules 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 8.67 7.85 6.89 6.10 5.56

BOM:524654 vs ZTS: E10 Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Natural Capsules'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.


Natural Capsules Shiller PE Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Natural Capsules's Shiller PE Ratio distribution charts can be found below:

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


BOM:524654
43GF Score
Natural Capsules Ltd BOM:524654
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natural Capsules 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, Natural Capsules'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)
=-4.82/164.2724*164.2724
=-4.820

Current CPI (Mar. 2026) = 164.2724.

Natural Capsules Quarterly Data

per share eps CPI Adj_EPS
201606 -0.213 105.961 -0.330
201609 0.246 105.961 0.381
201612 0.751 105.196 1.173
201703 0.034 105.196 0.053
201706 -0.082 107.109 -0.126
201709 0.377 109.021 0.568
201712 0.836 109.404 1.255
201803 1.025 109.786 1.534
201806 0.623 111.317 0.919
201809 0.287 115.142 0.409
201812 0.418 115.142 0.596
201903 1.197 118.202 1.664
201906 0.467 120.880 0.635
201909 0.197 123.175 0.263
201912 0.312 126.235 0.406
202003 0.152 124.705 0.200
202006 3.264 127.000 4.222
202009 1.566 130.118 1.977
202012 2.590 130.889 3.251
202103 2.620 131.771 3.266
202106 3.350 134.084 4.104
202109 4.180 135.847 5.055
202112 5.850 138.161 6.956
202203 7.293 138.822 8.630
202206 7.430 142.347 8.574
202209 6.850 144.661 7.779
202212 5.680 145.763 6.401
202303 2.780 146.865 3.110
202306 1.960 150.280 2.142
202309 1.670 151.492 1.811
202312 1.290 152.924 1.386
202403 1.049 153.035 1.126
202406 0.650 155.789 0.685
202409 -0.600 157.882 -0.624
202412 0.100 158.323 0.104
202503 0.130 157.552 0.136
202506 -5.400 159.755 -5.553
202509 -6.760 162.289 -6.843
202512 -6.880 163.281 -6.922
202603 -4.820 164.272 -4.820

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 ₹5.56 mean?
Natural Capsules (BOM:524654) has a E10 of ₹5.56 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Natural Capsules and its competitors.
Is Natural Capsules' E10 too high?
Natural Capsules' current E10 is ₹5.56. Overall, Natural Capsules has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Capsules' E10 compare to ZTS?
Natural Capsules' E10 of ₹5.56 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good E10 depends on the Drug Manufacturers 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 Natural Capsules and its competitors. Natural Capsules's current E10 is ₹5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Capsules stock overvalued right now?
Based on GuruFocus' analysis, Natural Capsules (BOM:524654) is currently considered Possible Value Trap. The stock's GF Value™ is ₹313.68, compared to a current price of ₹155.80 — trading 50.3% below its estimated fair value. The current E10 is ₹5.56. Natural Capsules' overall GF Score™ is 43/100 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 Natural Capsules (BOM:524654), the current E10 is ₹5.56 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 Natural Capsules (BOM:524654) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Capsules stock appears to be undervalued. The current stock price of ₹155.80 is trading 50.3% below its estimated GF Value™ of ₹313.68. GuruFocus considers Natural Capsules to be Possible Value Trap.

Key valuation signals for BOM:524654:

  • E10: ₹5.56
  • GF Value™: ₹313.68 vs. price of ₹155.80 (50.3% below fair value)
  • GF Score™: 43/100 with 4 warning signs

No single metric tells the full story. See the BOM:524654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natural Capsules Business Description

Other Exchanges NATCAPSUQ:India
Address 100 Feet Road, Jayanagar II Block, Trident Towers, 4th Floor, No. 23, Bengaluru, KA, IND, 560 011
Natural Capsules Ltd is an India-based company engaged in the manufacturing and selling of empty hard gelatin capsules. The products of the company are Hard gelatin capsule shells, Hard cellulose capsule shells, Shiny gelatin capsule shells, Sweet gelatin capsule shells, Enteric capsule shells, Printed gelatin capsule shells, Vegetarian capsule shells, Fortified gelatin capsule shells, and other capsules. It is also involved in formulating pharmaceutical dosage forms in capsule dosage form, both pharma and nutraceutical products.
43GF Score

Get the complete analysis for BOM:524654

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

₹155.80
Price
₹313.68
GF Value