Esaar (India) (BOM:531502) E10: ₹2.63 (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:531502 Esaar (India) Ltd BOM:531502
63 GF Score
Price ₹10.57
GF Value ₹26.95
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Esaar (India) E10?

Esaar (India) BOM:531502 +1.93% 63 E10 is ₹2.63 as of Mar. 2026. GuruFocus rates BOM:531502 with a GF Score™ of 63/100 and a GF Value™ of ₹26.95 (Possible Value Trap). 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.

Esaar (India)'s adjusted earnings per share data for the three months ended in Mar. 2026 was ₹12.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹2.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Esaar (India)'s average E10 Growth Rate was 128.70% per year. During the past 3 years, the average E10 Growth Rate was 35.40% 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 Esaar (India) was 35.40% per year. The lowest was 9.30% per year. And the median was 22.35% per year.

As of today (2026-07-20), Esaar (India)'s current stock price is ₹10.57. Esaar (India)'s E10 for the quarter that ended in Mar. 2026 was ₹2.63. Esaar (India)'s Shiller PE Ratio of today is 4.02.

During the past 13 years, the highest Shiller PE Ratio of Esaar (India) was 309.00. The lowest was 3.14. And the median was 7.12.


Esaar (India)  (BOM:531502) 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.

Esaar (India)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.57/2.63
=4.02

* 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 Esaar (India) was 309.00. The lowest was 3.14. And the median was 7.12.


Be Aware

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


Esaar (India) E10 Related Terms


Esaar (India) E10 Historical Data

* Premium members only.

The historical data trend for Esaar (India)'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.

Esaar (India) E10 Chart

Esaar (India) 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 0.88 1.06 1.12 1.15 2.63

Esaar (India) Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 0.93 1.15 1.80 1.38 2.63

BOM:531502 vs MS, GS, SCHW: E10 Comparison

For the Capital Markets subindustry, Esaar (India)'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.


Esaar (India) Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Esaar (India)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Esaar (India)'s Shiller PE Ratio falls into.


BOM:531502
63GF Score
Esaar (India) Ltd BOM:531502
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Esaar (India) 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, Esaar (India)'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)
=12.24/164.2724*164.2724
=12.240

Current CPI (Mar. 2026) = 164.2724.

Esaar (India) Quarterly Data

per share eps CPI Adj_EPS
201603 -1.140 102.518 -1.827
201606 0.003 105.961 0.005
201609 -0.020 105.961 -0.031
201612 0.115 105.196 0.180
201703 0.070 105.196 0.109
201706 0.006 107.109 0.009
201709 0.145 109.021 0.218
201712 0.014 109.404 0.021
201803 -0.320 109.786 -0.479
201806 -0.182 111.317 -0.269
201809 0.380 115.142 0.542
201812 0.010 115.142 0.014
201903 -0.178 118.202 -0.247
201906 -2.320 120.880 -3.153
201909 -0.100 123.175 -0.133
201912 -1.180 126.235 -1.536
202003 4.470 124.705 5.888
202006 -0.100 127.000 -0.129
202009 1.500 130.118 1.894
202012 -4.700 130.889 -5.899
202103 3.970 131.771 4.949
202106 7.390 134.084 9.054
202109 -5.900 135.847 -7.135
202112 0.110 138.161 0.131
202203 8.680 138.822 10.271
202206 1.430 142.347 1.650
202209 -1.980 144.661 -2.248
202212 0.370 145.763 0.417
202303 1.430 146.865 1.599
202306 -0.740 150.280 -0.809
202309 0.650 151.492 0.705
202312 -1.550 152.924 -1.665
202403 1.380 153.035 1.481
202406 0.700 155.789 0.738
202409 -0.430 157.882 -0.447
202412 -0.280 158.323 -0.291
202503 -1.100 157.552 -1.147
202509 5.790 162.289 5.861
202512 -4.210 163.281 -4.236
202603 12.240 164.272 12.240

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 ₹2.63 mean?
Esaar (India) (BOM:531502) has a E10 of ₹2.63 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Esaar (India) and its competitors.
Is Esaar (India)'s E10 too high?
Esaar (India)'s current E10 is ₹2.63. Overall, Esaar (India) has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Esaar (India)'s E10 compare to MS and GS?
Esaar (India)'s E10 of ₹2.63 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good E10 depends on the Capital Markets 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 Esaar (India) and its competitors. Esaar (India)'s current E10 is ₹2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esaar (India) stock overvalued right now?
Based on GuruFocus' analysis, Esaar (India) (BOM:531502) is currently considered Possible Value Trap. The stock's GF Value™ is ₹26.95, compared to a current price of ₹10.57 — trading 60.8% below its estimated fair value. The current E10 is ₹2.63. Esaar (India)'s overall GF Score™ is 63/100 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 Esaar (India) (BOM:531502), the current E10 is ₹2.63 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 Esaar (India) (BOM:531502) Overvalued in 2026?

Based on GuruFocus' analysis, Esaar (India) stock appears to be undervalued. The current stock price of ₹10.57 is trading 60.8% below its estimated GF Value™ of ₹26.95. GuruFocus considers Esaar (India) to be Possible Value Trap.

Key valuation signals for BOM:531502:

  • E10: ₹2.63
  • GF Value™: ₹26.95 vs. price of ₹10.57 (60.8% below fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the BOM:531502 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Esaar (India) Business Description

Address 101, First Floor, Western Edge I, Western Express Highway, Borivali (East), Mumbai, MH, IND, 400066
Esaar (India) Ltd is an India-based non-banking financial company. Principally, it is engaged in the business of finance, investment, and share trading. The company invests in shares, stocks, debentures, debenture stocks, bonds, obligations, units, securities, and other investments. The company also grants loans and advances. The revenue sources of the company are interest income and the sale of shares.
63GF Score

Get the complete analysis for BOM:531502

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

₹10.57
Price
₹26.95
GF Value