Shri Keshav Cements & Infra (BOM:530977) E10: ₹-6.58 (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:530977 Shri Keshav Cements & Infra Ltd BOM:530977
56 GF Score
Price ₹115.85
GF Value ₹210.75
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Shri Keshav Cements & Infra E10?

Shri Keshav Cements & Infra BOM:530977 -4.02% 56 E10 is ₹-6.58 as of Mar. 2026. GuruFocus rates BOM:530977 with a GF Score™ of 56/100 and a GF Value™ of ₹210.75 (Possible Value Trap). The stock has 6 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.

Shri Keshav Cements & Infra's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-5.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-6.58 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -45.60% per year. During the past 5 years, the average E10 Growth Rate was -27.70% 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 Shri Keshav Cements & Infra was -5.40% per year. The lowest was -45.60% per year. And the median was -38.10% per year.

As of today (2026-07-31), Shri Keshav Cements & Infra's current stock price is ₹115.85. Shri Keshav Cements & Infra's E10 for the quarter that ended in Mar. 2026 was ₹-6.58. Shri Keshav Cements & Infra's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Shri Keshav Cements & Infra was 969.23. The lowest was 373.39. And the median was 666.32.


Shri Keshav Cements & Infra  (BOM:530977) 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.

During the past 13 years, the highest Shiller P/E Ratio of Shri Keshav Cements & Infra was 969.23. The lowest was 373.39. And the median was 666.32.


Be Aware

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


Shri Keshav Cements & Infra E10 Related Terms


Shri Keshav Cements & Infra E10 Historical Data

* Premium members only.

The historical data trend for Shri Keshav Cements & Infra'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.

Shri Keshav Cements & Infra E10 Chart

Shri Keshav Cements & Infra 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 -1.62 -2.13 -2.59 -4.27 -6.58

Shri Keshav Cements & Infra 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 -4.27 -4.95 -5.31 -5.67 -6.58

BOM:530977 vs CRH, VMC, MLM: E10 Comparison

For the Building Materials subindustry, Shri Keshav Cements & Infra'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.


Shri Keshav Cements & Infra Shiller PE Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shri Keshav Cements & Infra's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Shri Keshav Cements & Infra's Shiller PE Ratio falls into.


BOM:530977
56GF Score
Shri Keshav Cements & Infra Ltd BOM:530977
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shri Keshav Cements & Infra 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, Shri Keshav Cements & Infra'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)
=-5.57/164.2724*164.2724
=-5.570

Current CPI (Mar. 2026) = 164.2724.

Shri Keshav Cements & Infra Quarterly Data

per share eps CPI Adj_EPS
201606 1.837 105.961 2.848
201609 2.591 105.961 4.017
201612 4.898 105.196 7.649
201703 -6.477 105.196 -10.114
201706 3.744 107.109 5.742
201709 -7.861 109.021 -11.845
201712 -4.507 109.404 -6.767
201803 1.908 109.786 2.855
201806 -3.602 111.317 -5.316
201809 -28.482 115.142 -40.635
201812 -12.920 115.142 -18.433
201903 9.521 118.202 13.232
201906 6.390 120.880 8.684
201909 -8.180 123.175 -10.909
201912 -3.430 126.235 -4.464
202003 -3.872 124.705 -5.101
202006 -0.020 127.000 -0.026
202009 -3.980 130.118 -5.025
202012 -2.200 130.889 -2.761
202103 -0.624 131.771 -0.778
202106 4.330 134.084 5.305
202109 -0.270 135.847 -0.326
202112 1.340 138.161 1.593
202203 2.140 138.822 2.532
202206 22.050 142.347 25.446
202209 0.980 144.661 1.113
202212 1.150 145.763 1.296
202303 -22.090 146.865 -24.708
202306 1.860 150.280 2.033
202309 0.050 151.492 0.054
202312 2.520 152.924 2.707
202403 1.410 153.035 1.514
202406 1.140 155.789 1.202
202409 -2.390 157.882 -2.487
202412 0.360 158.323 0.374
202503 -2.520 157.552 -2.627
202506 1.770 159.755 1.820
202509 0.390 162.289 0.395
202512 -0.310 163.281 -0.312
202603 -5.570 164.272 -5.570

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 ₹-6.58 mean?
Shri Keshav Cements & Infra (BOM:530977) has a E10 of ₹-6.58 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Shri Keshav Cements & Infra and its competitors.
Is Shri Keshav Cements & Infra's E10 too high?
Shri Keshav Cements & Infra's current E10 is ₹-6.58. Overall, Shri Keshav Cements & Infra has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shri Keshav Cements & Infra's E10 compare to CRH and VMC?
Shri Keshav Cements & Infra's E10 of ₹-6.58 can be compared against companies in the Building Materials 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 Building Materials company?
A good E10 depends on the Building Materials 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 Shri Keshav Cements & Infra and its competitors. Shri Keshav Cements & Infra's current E10 is ₹-6.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Keshav Cements & Infra stock overvalued right now?
Based on GuruFocus' analysis, Shri Keshav Cements & Infra (BOM:530977) is currently considered Possible Value Trap. The stock's GF Value™ is ₹210.75, compared to a current price of ₹115.85 — trading 45% below its estimated fair value. The current E10 is ₹-6.58. Shri Keshav Cements & Infra's overall GF Score™ is 56/100 with 6 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 Shri Keshav Cements & Infra (BOM:530977), the current E10 is ₹-6.58 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 Shri Keshav Cements & Infra (BOM:530977) Overvalued in 2026?

Based on GuruFocus' analysis, Shri Keshav Cements & Infra stock appears to be undervalued. The current stock price of ₹115.85 is trading 45% below its estimated GF Value™ of ₹210.75. GuruFocus considers Shri Keshav Cements & Infra to be Possible Value Trap.

Key valuation signals for BOM:530977:

  • E10: ₹-6.58
  • GF Value™: ₹210.75 vs. price of ₹115.85 (45% below fair value)
  • GF Score™: 56/100 with 6 warning signs

No single metric tells the full story. See the BOM:530977 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shri Keshav Cements & Infra Business Description

Address 215/2, Jyoti Tower, Karbhar Galli, Nazar Camp, 6th Cross, Madhavpur Vadgaon, Belgaum, KA, IND, 590005
Shri Keshav Cements & Infra Ltd is an Indian cement and cement products manufacturing company. It is engaged in the manufacture and sale of cement in Karnataka, Goa, and Maharashtra. The company is engaged in manufacturing and trading in cement, trading in coal, trading in petroleum products, and the generation and distribution of solar energy. The company generates a majority of its revenue from the Cement segment, followed by Solar Energy and Petrol and Diesel.
56GF Score

Get the complete analysis for BOM:530977

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

₹115.85
Price
₹210.75
GF Value