Nikhil Adhesives (BOM:526159) E10: ₹3.13 (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.
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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:526159 Nikhil Adhesives Ltd BOM:526159
66 GF Score
Price ₹75.58
GF Value ₹100.35
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Nikhil Adhesives E10?

Nikhil Adhesives BOM:526159 +2.51% 66 E10 is ₹3.13 as of Mar. 2026. GuruFocus rates BOM:526159 with a GF Score™ of 66/100 and a GF Value™ of ₹100.35 (Modestly 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.

Nikhil Adhesives's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹3.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Nikhil Adhesives's average E10 Growth Rate was 15.50% per year. During the past 3 years, the average E10 Growth Rate was 17.50% per year. During the past 5 years, the average E10 Growth Rate was 26.10% 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 Nikhil Adhesives was 35.50% per year. The lowest was 17.50% per year. And the median was 22.30% per year.

As of today (2026-07-17), Nikhil Adhesives's current stock price is ₹75.58. Nikhil Adhesives's E10 for the quarter that ended in Mar. 2026 was ₹3.13. Nikhil Adhesives's Shiller PE Ratio of today is 24.15.

During the past 13 years, the highest Shiller PE Ratio of Nikhil Adhesives was 119.89. The lowest was 20.73. And the median was 54.06.


Nikhil Adhesives  (BOM:526159) 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.

Nikhil Adhesives's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=75.58/3.13
=24.15

* 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 Nikhil Adhesives was 119.89. The lowest was 20.73. And the median was 54.06.


Be Aware

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


Nikhil Adhesives E10 Related Terms


Nikhil Adhesives E10 Historical Data

* Premium members only.

The historical data trend for Nikhil Adhesives'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.

Nikhil Adhesives E10 Chart

Nikhil Adhesives 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 1.48 1.93 2.29 2.71 3.13

Nikhil Adhesives 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 2.71 2.81 2.91 2.99 3.13

BOM:526159 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Nikhil Adhesives'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.


Nikhil Adhesives Shiller PE Ratio vs Chemicals Industry

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

* The bar in red indicates where Nikhil Adhesives's Shiller PE Ratio falls into.


BOM:526159
66GF Score
Nikhil Adhesives Ltd BOM:526159
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nikhil Adhesives 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, Nikhil Adhesives'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)
=1.37/164.2724*164.2724
=1.370

Current CPI (Mar. 2026) = 164.2724.

Nikhil Adhesives Quarterly Data

per share eps CPI Adj_EPS
201606 0.147 105.961 0.228
201609 0.077 105.961 0.119
201612 0.131 105.196 0.205
201703 0.173 105.196 0.270
201706 0.186 107.109 0.285
201709 0.217 109.021 0.327
201712 0.228 109.404 0.342
201803 0.142 109.786 0.212
201806 0.279 111.317 0.412
201809 0.189 115.142 0.270
201812 0.198 115.142 0.282
201903 0.468 118.202 0.650
201906 0.312 120.880 0.424
201909 0.498 123.175 0.664
201912 0.388 126.235 0.505
202003 0.332 124.705 0.437
202006 -0.512 127.000 -0.662
202009 0.666 130.118 0.841
202012 1.484 130.889 1.862
202103 1.769 131.771 2.205
202106 1.355 134.084 1.660
202109 1.544 135.847 1.867
202112 1.270 138.161 1.510
202203 1.330 138.822 1.574
202206 1.370 142.347 1.581
202209 0.920 144.661 1.045
202212 0.630 145.763 0.710
202303 0.790 146.865 0.884
202306 0.670 150.280 0.732
202309 0.750 151.492 0.813
202312 0.650 152.924 0.698
202403 0.810 153.035 0.869
202406 1.100 155.789 1.160
202409 0.900 157.882 0.936
202412 0.750 158.323 0.778
202503 0.910 157.552 0.949
202506 0.780 159.755 0.802
202509 0.690 162.289 0.698
202512 0.760 163.281 0.765
202603 1.370 164.272 1.370

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 ₹3.13 mean?
Nikhil Adhesives (BOM:526159) has a E10 of ₹3.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Nikhil Adhesives and its competitors.
Is Nikhil Adhesives' E10 too high?
Nikhil Adhesives' current E10 is ₹3.13. Overall, Nikhil Adhesives has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' E10 compare to LIN and SHW?
Nikhil Adhesives' E10 of ₹3.13 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 Nikhil Adhesives and its competitors. Nikhil Adhesives's current E10 is ₹3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹100.35, compared to a current price of ₹75.58 — trading 24.7% below its estimated fair value. The current E10 is ₹3.13. Nikhil Adhesives' overall GF Score™ is 66/100 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 Nikhil Adhesives (BOM:526159), the current E10 is ₹3.13 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?

Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued. The current stock price of ₹75.58 is trading 24.7% below its estimated GF Value™ of ₹100.35. GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.

Key valuation signals for BOM:526159:

  • E10: ₹3.13
  • GF Value™: ₹100.35 vs. price of ₹75.58 (24.7% below fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nikhil Adhesives Business Description

Address Sahar Road, Kaledonia HDIL Building, 902, 9th Floor, A-Wing, Opposite D-Mart, Andheri (East), Mumbai, MH, IND, 400069
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
66GF Score

Get the complete analysis for BOM:526159

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

₹75.58
Price
₹100.35
GF Value