Solar Industries India (BOM:532725) E10: ₹76.73 (As of Mar. 2026)


BOM:532725 Solar Industries India Ltd BOM:532725
96 GF Score
Price ₹18,236.80
GF Value ₹17,043.76
Valuation Fairly Valued
! 6 Warning Signs
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What is Solar Industries India E10?

Solar Industries India BOM:532725 +4.94% 96 E10 is ₹76.73 as of Mar. 2026. GuruFocus rates BOM:532725 with a GF Score™ of 96/100 and a GF Value™ of ₹17,043.76 (Fairly Valued). 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.

Solar Industries India's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹60.520. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹76.73 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Solar Industries India's average E10 Growth Rate was 31.30% per year. During the past 3 years, the average E10 Growth Rate was 26.70% per year. During the past 5 years, the average E10 Growth Rate was 24.40% 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 Solar Industries India was 26.70% per year. The lowest was 16.10% per year. And the median was 23.15% per year.

As of today (2026-07-12), Solar Industries India's current stock price is ₹18236.80. Solar Industries India's E10 for the quarter that ended in Mar. 2026 was ₹76.73. Solar Industries India's Shiller PE Ratio of today is 237.67.

During the past 13 years, the highest Shiller PE Ratio of Solar Industries India was 299.08. The lowest was 35.27. And the median was 115.01.


Solar Industries India  (BOM:532725) 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.

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

Shiller PE Ratio=Share Price/E10
=18236.80/76.73
=237.67

* 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 Solar Industries India was 299.08. The lowest was 35.27. And the median was 115.01.


Be Aware

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


Solar Industries India E10 Related Terms


Solar Industries India E10 Historical Data

* Premium members only.

The historical data trend for Solar Industries 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.

Solar Industries India E10 Chart

Solar Industries 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 29.92 36.94 46.40 58.45 76.73

Solar Industries India 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 58.45 62.25 66.49 71.08 76.73

BOM:532725 vs LIN, SHW, ECL: E10 Comparison

For the Specialty Chemicals subindustry, Solar Industries 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.


Solar Industries India Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Industries India's Shiller PE Ratio distribution charts can be found below:

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


BOM:532725
96GF Score
Solar Industries India Ltd BOM:532725
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solar Industries 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, Solar Industries 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)
=60.52/164.2724*164.2724
=60.520

Current CPI (Mar. 2026) = 164.2724.

Solar Industries India Quarterly Data

per share eps CPI Adj_EPS
201606 5.210 105.961 8.077
201609 4.080 105.961 6.325
201612 5.260 105.196 8.214
201703 5.960 105.196 9.307
201706 6.050 107.109 9.279
201709 5.050 109.021 7.609
201712 5.980 109.404 8.979
201803 7.280 109.786 10.893
201806 7.690 111.317 11.348
201809 5.740 115.142 8.189
201812 7.580 115.142 10.814
201903 7.910 118.202 10.993
201906 7.860 120.880 10.682
201909 9.320 123.175 12.430
201912 6.850 126.235 8.914
202003 5.520 124.705 7.271
202006 4.650 127.000 6.015
202009 7.200 130.118 9.090
202012 8.620 130.889 10.819
202103 10.060 131.771 12.541
202106 10.780 134.084 13.207
202109 8.150 135.847 9.855
202112 11.280 138.161 13.412
202203 18.560 138.822 21.963
202206 18.810 142.347 21.707
202209 19.490 144.661 22.132
202212 22.610 145.763 25.481
202303 22.770 146.865 25.469
202306 21.820 150.280 23.852
202309 22.120 151.492 23.986
202312 22.470 152.924 24.137
202403 25.975 153.035 27.882
202406 31.660 155.789 33.384
202409 31.590 157.882 32.869
202412 34.800 158.323 36.108
202503 35.610 157.552 37.129
202506 37.430 159.755 38.488
202509 38.120 162.289 38.586
202512 49.310 163.281 49.609
202603 60.520 164.272 60.520

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 ₹76.73 mean?
Solar Industries India (BOM:532725) has a E10 of ₹76.73 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Solar Industries India and its competitors.
Is Solar Industries India's E10 too high?
Solar Industries India's current E10 is ₹76.73. Overall, Solar Industries India has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Solar Industries India's E10 compare to LIN and SHW?
Solar Industries India's E10 of ₹76.73 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 Solar Industries India and its competitors. Solar Industries India's current E10 is ₹76.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Industries India stock overvalued right now?
Based on GuruFocus' analysis, Solar Industries India (BOM:532725) is currently considered Fairly Valued. The stock's GF Value™ is ₹17,043.76, compared to a current price of ₹18,236.80 — trading 7% above its estimated fair value. The current E10 is ₹76.73. Solar Industries India's overall GF Score™ is 96/100 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 Solar Industries India (BOM:532725), the current E10 is ₹76.73 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 Solar Industries India (BOM:532725) Overvalued in 2026?

Based on GuruFocus' analysis, Solar Industries India stock appears to be overvalued. The current stock price of ₹18,236.80 is trading 7% above its estimated GF Value™ of ₹17,043.76. GuruFocus considers Solar Industries India to be Fairly Valued.

Key valuation signals for BOM:532725:

  • E10: ₹76.73
  • GF Value™: ₹17,043.76 vs. price of ₹18,236.80 (7% above fair value)
  • GF Score™: 96/100 with 6 warning signs

No single metric tells the full story. See the BOM:532725 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solar Industries India Business Description

Other Exchanges SOLARINDS:India
Address Amravati Road, Solar House, 14, Kachimet, Nagpur, MH, IND, 440023
Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.
96GF Score

Get the complete analysis for BOM:532725

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

₹18,236.80
Price
₹17,043.76
GF Value