Niraj Cement Structurals (BOM:532986) E10: ₹1.29 (As of Mar. 2026)


BOM:532986 Niraj Cement Structurals Ltd BOM:532986
74 GF Score
Price ₹29.56
GF Value ₹32.61
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Niraj Cement Structurals E10?

Niraj Cement Structurals BOM:532986 -1.24% 74 E10 is ₹1.29 as of Mar. 2026. GuruFocus rates BOM:532986 with a GF Score™ of 74/100 and a GF Value™ of ₹32.61 (Fairly Valued). The stock has 5 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.

Niraj Cement Structurals's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹1.29 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Niraj Cement Structurals's average E10 Growth Rate was 30.30% 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.

As of today (2026-07-05), Niraj Cement Structurals's current stock price is ₹29.56. Niraj Cement Structurals's E10 for the quarter that ended in Mar. 2026 was ₹1.29. Niraj Cement Structurals's Shiller PE Ratio of today is 22.91.

During the past 13 years, the highest Shiller PE Ratio of Niraj Cement Structurals was 890.00. The lowest was 17.91. And the median was 55.59.


Niraj Cement Structurals  (BOM:532986) 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.

Niraj Cement Structurals's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.56/1.29
=22.91

* 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 Niraj Cement Structurals was 890.00. The lowest was 17.91. And the median was 55.59.


Be Aware

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


Niraj Cement Structurals E10 Related Terms


Niraj Cement Structurals E10 Historical Data

* Premium members only.

The historical data trend for Niraj Cement Structurals'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.

Niraj Cement Structurals E10 Chart

Niraj Cement Structurals 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 -1.19 -0.25 0.80 0.99 1.29

Niraj Cement Structurals 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 0.99 0.96 1.07 1.15 1.29

BOM:532986 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, Niraj Cement Structurals'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.


Niraj Cement Structurals Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, Niraj Cement Structurals's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Niraj Cement Structurals's Shiller PE Ratio falls into.


BOM:532986
74GF Score
Niraj Cement Structurals Ltd BOM:532986
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Niraj Cement Structurals 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, Niraj Cement Structurals'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)
=0.95/164.2724*164.2724
=0.950

Current CPI (Mar. 2026) = 164.2724.

Niraj Cement Structurals Quarterly Data

per share eps CPI Adj_EPS
201606 0.330 105.961 0.512
201609 0.190 105.961 0.295
201612 0.360 105.196 0.562
201703 -0.190 105.196 -0.297
201706 -1.900 107.109 -2.914
201709 0.130 109.021 0.196
201712 0.010 109.404 0.015
201803 0.325 109.786 0.486
201806 0.040 111.317 0.059
201809 0.086 115.142 0.123
201812 0.008 115.142 0.011
201903 0.475 118.202 0.660
201906 0.130 120.880 0.177
201909 0.050 123.175 0.067
201912 0.220 126.235 0.286
202003 0.540 124.705 0.711
202006 0.110 127.000 0.142
202009 0.330 130.118 0.417
202012 0.020 130.889 0.025
202103 0.021 131.771 0.026
202106 0.100 134.084 0.123
202109 0.110 135.847 0.133
202112 0.110 138.161 0.131
202203 0.285 138.822 0.337
202206 0.150 142.347 0.173
202209 0.190 144.661 0.216
202212 0.170 145.763 0.192
202303 0.570 146.865 0.638
202306 0.090 150.280 0.098
202309 0.200 151.492 0.217
202312 0.330 152.924 0.354
202403 1.810 153.035 1.943
202406 0.210 155.789 0.221
202409 0.980 157.882 1.020
202412 0.500 158.323 0.519
202503 1.350 157.552 1.408
202506 0.170 159.755 0.175
202509 1.480 162.289 1.498
202512 0.950 163.281 0.956
202603 0.950 164.272 0.950

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 ₹1.29 mean?
Niraj Cement Structurals (BOM:532986) has a E10 of ₹1.29 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Niraj Cement Structurals and its competitors.
Is Niraj Cement Structurals' E10 too high?
Niraj Cement Structurals' current E10 is ₹1.29. Overall, Niraj Cement Structurals has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Niraj Cement Structurals' E10 compare to PWR and FIX?
Niraj Cement Structurals' E10 of ₹1.29 can be compared against companies in the Construction 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 Construction company?
A good E10 depends on the Construction 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 Niraj Cement Structurals and its competitors. Niraj Cement Structurals's current E10 is ₹1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niraj Cement Structurals stock overvalued right now?
Based on GuruFocus' analysis, Niraj Cement Structurals (BOM:532986) is currently considered Fairly Valued. The stock's GF Value™ is ₹32.61, compared to a current price of ₹29.56 — trading 9.4% below its estimated fair value. The current E10 is ₹1.29. Niraj Cement Structurals' overall GF Score™ is 74/100 with 5 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 Niraj Cement Structurals (BOM:532986), the current E10 is ₹1.29 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 Niraj Cement Structurals (BOM:532986) Overvalued in 2026?

Based on GuruFocus' analysis, Niraj Cement Structurals stock appears to be undervalued. The current stock price of ₹29.56 is trading 9.4% below its estimated GF Value™ of ₹32.61. GuruFocus considers Niraj Cement Structurals to be Fairly Valued.

Key valuation signals for BOM:532986:

  • E10: ₹1.29
  • GF Value™: ₹32.61 vs. price of ₹29.56 (9.4% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the BOM:532986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Niraj Cement Structurals Business Description

Other Exchanges NIRAJ:India
Address D G patil Road, Pepsi Company, off. Sion Trombay Road, Unit No 820 to 825, The Epicentre, Commercial Building, Dukes Horizon, Near R K Studio, Mumbai, MH, IND, 400088
Niraj Cement Structurals Ltd is an India-based company. It is engaged in the business of civil construction and infrastructure, which is engaged in the construction of highways, expressways, turnkey projects roads, bridges, tunnels, etc.
74GF Score

Get the complete analysis for BOM:532986

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

₹29.56
Price
₹32.61
GF Value