Virat Industries (BOM:530521) E10: ₹4.39 (As of Mar. 2026)

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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:530521 Virat Industries Ltd BOM:530521
48 GF Score
Price ₹330.10
GF Value ₹95.82
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Virat Industries E10?

Virat Industries BOM:530521 +1.30% 48 E10 is ₹4.39 as of Mar. 2026. GuruFocus rates BOM:530521 with a GF Score™ of 48/100 and a GF Value™ of ₹95.82 (Significantly Overvalued). 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.

Virat Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹4.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Virat Industries's average E10 Growth Rate was -8.50% per year. During the past 3 years, the average E10 Growth Rate was -9.30% per year. During the past 5 years, the average E10 Growth Rate was -6.60% 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 Virat Industries was -5.10% per year. The lowest was -9.30% per year. And the median was -7.20% per year.

As of today (2026-07-17), Virat Industries's current stock price is ₹330.10. Virat Industries's E10 for the quarter that ended in Mar. 2026 was ₹4.39. Virat Industries's Shiller PE Ratio of today is 75.19.

During the past 13 years, the highest Shiller PE Ratio of Virat Industries was 179.50. The lowest was 4.69. And the median was 37.37.


Virat Industries  (BOM:530521) 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.

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

Shiller PE Ratio=Share Price/E10
=330.10/4.39
=75.19

* 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 Virat Industries was 179.50. The lowest was 4.69. And the median was 37.37.


Be Aware

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


Virat Industries E10 Related Terms


Virat Industries E10 Historical Data

* Premium members only.

The historical data trend for Virat 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.

Virat Industries E10 Chart

Virat 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 6.00 5.88 5.16 4.80 4.39

Virat 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 4.80 4.70 4.59 4.49 4.39

BOM:530521 vs RL, LEVI, VFC: E10 Comparison

For the Apparel Manufacturing subindustry, Virat 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.


Virat Industries Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Virat Industries's Shiller PE Ratio distribution charts can be found below:

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


BOM:530521
48GF Score
Virat Industries Ltd BOM:530521
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Virat 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, Virat 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)
=0.72/164.2724*164.2724
=0.720

Current CPI (Mar. 2026) = 164.2724.

Virat Industries Quarterly Data

per share eps CPI Adj_EPS
201606 2.125 105.961 3.294
201609 2.259 105.961 3.502
201612 1.893 105.196 2.956
201703 0.880 105.196 1.374
201706 1.370 107.109 2.101
201709 2.880 109.021 4.340
201712 2.099 109.404 3.152
201803 0.630 109.786 0.943
201806 0.216 111.317 0.319
201809 0.429 115.142 0.612
201812 0.614 115.142 0.876
201903 0.056 118.202 0.078
201906 0.754 120.880 1.025
201909 0.770 123.175 1.027
201912 0.947 126.235 1.232
202003 0.542 124.705 0.714
202006 -0.453 127.000 -0.586
202009 1.219 130.118 1.539
202012 0.956 130.889 1.200
202103 -0.107 131.771 -0.133
202106 -0.040 134.084 -0.049
202109 1.220 135.847 1.475
202112 0.820 138.161 0.975
202203 0.727 138.822 0.860
202206 0.130 142.347 0.150
202209 0.910 144.661 1.033
202212 1.110 145.763 1.251
202303 1.130 146.865 1.264
202306 1.090 150.280 1.191
202309 0.740 151.492 0.802
202312 -0.470 152.924 -0.505
202403 0.180 153.035 0.193
202406 0.440 155.789 0.464
202409 0.800 157.882 0.832
202412 0.240 158.323 0.249
202503 0.360 157.552 0.375
202506 0.980 159.755 1.008
202509 1.250 162.289 1.265
202512 0.810 163.281 0.815
202603 0.720 164.272 0.720

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 ₹4.39 mean?
Virat Industries (BOM:530521) has a E10 of ₹4.39 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Virat Industries and its competitors.
Is Virat Industries' E10 too high?
Virat Industries' current E10 is ₹4.39. Overall, Virat Industries has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Virat Industries' E10 compare to RL and LEVI?
Virat Industries' E10 of ₹4.39 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Virat Industries and its competitors. Virat Industries's current E10 is ₹4.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virat Industries stock overvalued right now?
Based on GuruFocus' analysis, Virat Industries (BOM:530521) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹95.82, compared to a current price of ₹330.10 — trading 244.5% above its estimated fair value. The current E10 is ₹4.39. Virat Industries' overall GF Score™ is 48/100 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 Virat Industries (BOM:530521), the current E10 is ₹4.39 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 Virat Industries (BOM:530521) Overvalued in 2026?

Based on GuruFocus' analysis, Virat Industries stock appears to be overvalued. The current stock price of ₹330.10 is trading 244.5% above its estimated GF Value™ of ₹95.82. GuruFocus considers Virat Industries to be Significantly Overvalued.

Key valuation signals for BOM:530521:

  • E10: ₹4.39
  • GF Value™: ₹95.82 vs. price of ₹330.10 (244.5% above fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the BOM:530521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Virat Industries Business Description

Address 226 Rajani Patel Marg, 74, Bajaj Bhavan, Nariman Point, Mumbai, MH, IND, 400 021
Virat Industries Ltd is engaged in the manufacturing of excellent quality socks for export mainly to the European markets. The Company is a manufacturer and Exporter of premium quality of dress and sport socks for Men, Ladies and Children. The Company also manufactures high quality football socks for many clubs of Europe. The socks are knitted and processed on imported machinery. The socks of the Company are exported to Switzerland, U.K and Gulf countries. Key revenue is earned through the Switzerland market, while it also has a presence in the United Kingdom, India, and various other countries.
48GF Score

Get the complete analysis for BOM:530521

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

₹330.10
Price
₹95.82
GF Value