Suraj Industries (BOM:526211) E10: ₹1.23 (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:526211 Suraj Industries Ltd BOM:526211
45 GF Score
Price ₹51.60
GF Value ₹12.58
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Suraj Industries E10?

Suraj Industries BOM:526211 -1.71% 45 E10 is ₹1.23 as of Mar. 2026. GuruFocus rates BOM:526211 with a GF Score™ of 45/100 and a GF Value™ of ₹12.58 (Significantly Overvalued). The stock has 9 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.

Suraj Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-0.090. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹1.23 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.

As of today (2026-08-12), Suraj Industries's current stock price is ₹51.60. Suraj Industries's E10 for the quarter that ended in Mar. 2026 was ₹1.23. Suraj Industries's Shiller PE Ratio of today is 41.95.

During the past 13 years, the highest Shiller PE Ratio of Suraj Industries was 51.51. The lowest was 33.46. And the median was 40.37.


Suraj Industries  (BOM:526211) 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.

Suraj Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=51.60/1.23
=41.95

* 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 Suraj Industries was 51.51. The lowest was 33.46. And the median was 40.37.


Be Aware

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


Suraj Industries E10 Related Terms


Suraj Industries E10 Historical Data

* Premium members only.

The historical data trend for Suraj Industries'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.

Suraj Industries E10 Chart

Suraj Industries 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 0.00 0.00 0.00 0.00 1.23

Suraj Industries 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 0.00 0.00 0.00 1.23 1.23

BOM:526211 vs SYY, USFD, PFGC: E10 Comparison

For the Food Distribution subindustry, Suraj Industries'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.


Suraj Industries Shiller PE Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Suraj Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Suraj Industries's Shiller PE Ratio falls into.


BOM:526211
45GF Score
Suraj Industries Ltd BOM:526211
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suraj Industries 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, Suraj Industries'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)
=-0.09/164.2724*164.2724
=-0.090

Current CPI (Mar. 2026) = 164.2724.

Suraj Industries Quarterly Data

per share eps CPI Adj_EPS
201406 0.000 94.103 0.000
201412 0.000 96.780 0.000
201503 0.000 97.163 0.000
201506 -0.018 99.841 -0.030
201509 -0.012 101.753 -0.019
201512 -0.024 102.901 -0.038
201603 -0.018 102.518 -0.029
201606 -0.024 105.961 -0.037
201609 -0.012 105.961 -0.019
201703 -0.079 105.196 -0.123
201803 0.000 109.786 0.000
201903 0.000 118.202 0.000
201906 -0.158 120.880 -0.215
201909 -0.122 123.175 -0.163
201912 -0.073 126.235 -0.095
202003 -0.065 124.705 -0.086
202006 -0.049 127.000 -0.063
202009 -0.067 130.118 -0.085
202012 -0.061 130.889 -0.077
202103 0.486 131.771 0.606
202106 0.024 134.084 0.029
202109 0.578 135.847 0.699
202112 0.864 138.161 1.027
202203 0.698 138.822 0.826
202206 0.755 142.347 0.871
202209 1.193 144.661 1.355
202212 0.749 145.763 0.844
202303 1.290 146.865 1.443
202306 1.295 150.280 1.416
202309 0.601 151.492 0.652
202312 0.251 152.924 0.270
202403 -0.060 153.035 -0.064
202406 0.337 155.789 0.355
202409 1.639 157.882 1.705
202412 0.870 158.323 0.903
202503 -0.820 157.552 -0.855
202506 -0.489 159.755 -0.503
202509 -0.007 162.289 -0.007
202512 0.370 163.281 0.372
202603 -0.090 164.272 -0.090

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 ₹1.23 mean?
Suraj Industries (BOM:526211) has a E10 of ₹1.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Suraj Industries and its competitors.
Is Suraj Industries' E10 too high?
Suraj Industries' current E10 is ₹1.23. Overall, Suraj Industries has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Suraj Industries' E10 compare to SYY and USFD?
Suraj Industries' E10 of ₹1.23 can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good E10 depends on the Retail - Defensive 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 Suraj Industries and its competitors. Suraj Industries's current E10 is ₹1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suraj Industries stock overvalued right now?
Based on GuruFocus' analysis, Suraj Industries (BOM:526211) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹12.58, compared to a current price of ₹51.60 — trading 310.2% above its estimated fair value. The current E10 is ₹1.23. Suraj Industries' overall GF Score™ is 45/100 with 9 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 Suraj Industries (BOM:526211), the current E10 is ₹1.23 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 Suraj Industries (BOM:526211) Overvalued in 2026?

Based on GuruFocus' analysis, Suraj Industries stock appears to be overvalued. The current stock price of ₹51.60 is trading 310.2% above its estimated GF Value™ of ₹12.58. GuruFocus considers Suraj Industries to be Significantly Overvalued.

Key valuation signals for BOM:526211:

  • E10: ₹1.23
  • GF Value™: ₹12.58 vs. price of ₹51.60 (310.2% above fair value)
  • GF Score™: 45/100 with 9 warning signs

No single metric tells the full story. See the BOM:526211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Suraj Industries Business Description

Other Exchanges 890226:India
Address Okhla Industrial Area, Phase-II, F-32/3, Second Floor, New Delhi, IND, 110020
Suraj Industries Ltd is involved in liquor bottling operations for Rajasthan Made Liquor and Country Liquor. The company also trades in edible oils such as palm oil and soybean oil. It has two business segments: Edible Oil Operations and Liquor Operations. The majority of the company's revenue comes from its trading operations. Geographically, all of the company's revenue is generated in India.
45GF Score

Get the complete analysis for BOM:526211

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

₹51.60
Price
₹12.58
GF Value