Surana Solar (BOM:533298) E10: ₹0.21 (As of Dec. 2025)


BOM:533298 Surana Solar Ltd BOM:533298
49 GF Score
Price ₹25.71
GF Value ₹11.08
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Surana Solar E10?

Surana Solar BOM:533298 +0.43% 49 E10 is ₹0.21 as of Dec. 2025. GuruFocus rates BOM:533298 with a GF Score™ of 49/100 and a GF Value™ of ₹11.08 (Significantly Overvalued). The stock has 4 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.

Surana Solar's adjusted earnings per share data for the three months ended in Dec. 2025 was ₹0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.21 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Surana Solar's average E10 Growth Rate was -36.40% per year. During the past 3 years, the average E10 Growth Rate was -28.00% 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 Surana Solar was -28.00% per year. The lowest was -28.00% per year. And the median was -28.00% per year.

As of today (2026-07-11), Surana Solar's current stock price is ₹25.71. Surana Solar's E10 for the quarter that ended in Dec. 2025 was ₹0.21. Surana Solar's Shiller PE Ratio of today is 122.43.

During the past 13 years, the highest Shiller PE Ratio of Surana Solar was 159.31. The lowest was 17.80. And the median was 55.96.


Surana Solar  (BOM:533298) 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.

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

Shiller PE Ratio=Share Price/E10
=25.71/0.21
=122.43

* 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 Surana Solar was 159.31. The lowest was 17.80. And the median was 55.96.


Be Aware

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


Surana Solar E10 Related Terms


Surana Solar E10 Historical Data

* Premium members only.

The historical data trend for Surana Solar'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.

Surana Solar E10 Chart

Surana Solar Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.67 0.68 0.52 0.25

Surana Solar Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.33 0.25 0.23 0.24 0.21

BOM:533298 vs FSLR, NXT, ENPH: E10 Comparison

For the Solar subindustry, Surana Solar'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.


Surana Solar Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Surana Solar's Shiller PE Ratio distribution charts can be found below:

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


BOM:533298
49GF Score
Surana Solar Ltd BOM:533298
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surana Solar 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, Surana Solar's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.04/163.2808*163.2808
=0.040

Current CPI (Dec. 2025) = 163.2808.

Surana Solar Quarterly Data

per share eps CPI Adj_EPS
201603 0.070 102.518 0.111
201606 0.080 105.961 0.123
201609 0.090 105.961 0.139
201612 0.130 105.196 0.202
201703 0.050 105.196 0.078
201706 0.070 107.109 0.107
201709 0.060 109.021 0.090
201712 0.020 109.404 0.030
201803 0.020 109.786 0.030
201806 0.070 111.317 0.103
201809 0.070 115.142 0.099
201812 0.050 115.142 0.071
201903 0.010 118.202 0.014
201906 0.040 120.880 0.054
201909 0.040 123.175 0.053
201912 0.040 126.235 0.052
202003 0.000 124.705 0.000
202006 -0.040 127.000 -0.051
202009 0.070 130.118 0.088
202012 0.020 130.889 0.025
202103 0.000 131.771 0.000
202106 0.010 134.084 0.012
202109 0.030 135.847 0.036
202112 0.060 138.161 0.071
202203 0.060 138.822 0.071
202206 0.390 142.347 0.447
202209 0.020 144.661 0.023
202212 0.010 145.763 0.011
202303 0.050 146.865 0.056
202306 0.050 150.280 0.054
202309 -0.300 151.492 -0.323
202312 0.020 152.924 0.021
202403 -0.040 153.035 -0.043
202406 0.060 155.789 0.063
202409 0.070 157.882 0.072
202412 0.030 158.323 0.031
202503 -0.170 157.552 -0.176
202506 0.041 159.755 0.042
202509 0.110 162.289 0.111
202512 0.040 163.281 0.040

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 ₹0.21 mean?
Surana Solar (BOM:533298) has a E10 of ₹0.21 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Surana Solar and its competitors.
Is Surana Solar's E10 too high?
Surana Solar's current E10 is ₹0.21. Overall, Surana Solar has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Surana Solar's E10 compare to FSLR and NXT?
Surana Solar's E10 of ₹0.21 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good E10 depends on the Semiconductors 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 Surana Solar and its competitors. Surana Solar's current E10 is ₹0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surana Solar stock overvalued right now?
Based on GuruFocus' analysis, Surana Solar (BOM:533298) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹11.08, compared to a current price of ₹25.71 — trading 132% above its estimated fair value. The current E10 is ₹0.21. Surana Solar's overall GF Score™ is 49/100 with 4 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 Surana Solar (BOM:533298), the current E10 is ₹0.21 as of Dec. 2025. 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 Surana Solar (BOM:533298) Overvalued in 2026?

Based on GuruFocus' analysis, Surana Solar stock appears to be overvalued. The current stock price of ₹25.71 is trading 132% above its estimated GF Value™ of ₹11.08. GuruFocus considers Surana Solar to be Significantly Overvalued.

Key valuation signals for BOM:533298:

  • E10: ₹0.21
  • GF Value™: ₹11.08 vs. price of ₹25.71 (132% above fair value)
  • GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the BOM:533298 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surana Solar Business Description

Other Exchanges SURANASOL:India
Address Phase II, Plot No. 212/3 and 4, IDA Cherlapally, Hyderabad, TG, IND, 500051
Surana Solar Ltd is engaged in the business of manufacturing solar panels/photovoltaic (PV) cells. The company is also engaged in the generation of wind power energy and the trading of other solar-related products. It operates through the following reportable segments: Solar Products, Trading and others, and Renewable Energy (Solar). The majority of the company's revenue is derived from the Solar and Traded products business, which involves the manufacturing and trading of Solar Photovoltaic (SPV) Modules and other related products. The Renewable Energy segment represents revenue derived from the generation of solar and wind power.
49GF Score

Get the complete analysis for BOM:533298

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

₹25.71
Price
₹11.08
GF Value