Rainbow Denim (BOM:532441) E10: ₹-6.40 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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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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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:532441 Rainbow Denim Ltd BOM:532441
4 GF Score
Price ₹3.44
! 6 Warning Signs
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What is Rainbow Denim E10?

Rainbow Denim BOM:532441 4 E10 is ₹-6.40 as of Mar. 2026. GuruFocus rates BOM:532441 with a GF Score™ of 4/100. 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.

Rainbow Denim's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹3.660. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-6.40 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 18.00% per year. During the past 5 years, the average E10 Growth Rate was 11.00% 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 Rainbow Denim was 18.00% per year. The lowest was 1.90% per year. And the median was 2.60% per year.

As of today (2026-07-25), Rainbow Denim's current stock price is ₹3.44. Rainbow Denim's E10 for the quarter that ended in Mar. 2026 was ₹-6.40. Rainbow Denim's Shiller PE Ratio of today is .


Rainbow Denim  (BOM:532441) 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.


Be Aware

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


Rainbow Denim E10 Related Terms


Rainbow Denim E10 Historical Data

* Premium members only.

The historical data trend for Rainbow Denim'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.

Rainbow Denim E10 Chart

Rainbow Denim 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 -12.26 -11.62 -13.20 -11.56 -6.40

Rainbow Denim Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Dec23 Mar24 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 -11.56 -10.47 -9.31 -7.85 -6.40

BOM:532441 vs AIN: E10 Comparison

For the Textile Manufacturing subindustry, Rainbow Denim'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.


Rainbow Denim Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Rainbow Denim's Shiller PE Ratio falls into.


BOM:532441
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Rainbow Denim Ltd BOM:532441
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Rainbow Denim 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, Rainbow Denim'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)
=3.66/164.2724*164.2724
=3.660

Current CPI (Mar. 2026) = 164.2724.

Rainbow Denim Quarterly Data

per share eps CPI Adj_EPS
201406 -7.850 94.103 -13.704
201409 -3.420 96.780 -5.805
201412 -2.370 96.780 -4.023
201503 -1.060 97.163 -1.792
201506 -1.700 99.841 -2.797
201509 -1.840 101.753 -2.971
201512 -2.030 102.901 -3.241
201603 -1.750 102.518 -2.804
201606 -0.490 105.961 -0.760
201609 -1.180 105.961 -1.829
201612 -3.070 105.196 -4.794
201703 -2.000 105.196 -3.123
201706 -3.360 107.109 -5.153
201709 -3.890 109.021 -5.861
201712 -3.170 109.404 -4.760
201803 6.560 109.786 9.816
201806 2.690 111.317 3.970
201809 -2.090 115.142 -2.982
201812 -4.510 115.142 -6.434
201903 -4.620 118.202 -6.421
201906 -3.320 120.880 -4.512
201909 -2.500 123.175 -3.334
201912 -3.530 126.235 -4.594
202003 -2.810 124.705 -3.702
202006 -1.650 127.000 -2.134
202009 -1.530 130.118 -1.932
202012 -0.840 130.889 -1.054
202103 -1.590 131.771 -1.982
202106 -0.670 134.084 -0.821
202109 -0.330 135.847 -0.399
202112 -0.230 138.161 -0.273
202203 -0.460 138.822 -0.544
202312 0.020 152.924 0.021
202403 1.760 153.035 1.889
202412 0.160 158.323 0.166
202503 6.520 157.552 6.798
202506 4.950 159.755 5.090
202509 3.890 162.289 3.938
202512 5.130 163.281 5.161
202603 3.660 164.272 3.660

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 ₹-6.40 mean?
Rainbow Denim (BOM:532441) has a E10 of ₹-6.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Rainbow Denim and its competitors.
Is Rainbow Denim's E10 too high?
Rainbow Denim's current E10 is ₹-6.40. Overall, Rainbow Denim has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Rainbow Denim's E10 compare to AIN?
Rainbow Denim's E10 of ₹-6.40 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 Rainbow Denim and its competitors. Rainbow Denim's current E10 is ₹-6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rainbow Denim stock overvalued right now?
Rainbow Denim (BOM:532441) has a current E10 of ₹-6.40. The current E10 is ₹-6.40. Rainbow Denim's overall GF Score™ is 4/100 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 Rainbow Denim (BOM:532441), the current E10 is ₹-6.40 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.

Rainbow Denim Business Description

Address Free Press Journal Marg, 51-52, Free Press House, Nariman Point, Mumbai, MH, IND, 400021
Rainbow Denim Ltd is an Indian firm operating in the textile industry. It is principally engaged in the single segment of manufacturing and distribution of denim fabric. Its product range consists of crosshatch denim, slubby denim, structured (dobby) denim, polyester filament weft denim, multi-count denim fabrics, doubled yarn warp denim, and silky denim and others.
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E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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