Zeal Aqua (BOM:539963) E10: ₹0.96 (As of Mar. 2026)


BOM:539963 Zeal Aqua Ltd BOM:539963
86 GF Score
Price ₹11.59
GF Value ₹16.17
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Zeal Aqua E10?

Zeal Aqua BOM:539963 +1.76% 86 E10 is ₹0.96 as of Mar. 2026. GuruFocus rates BOM:539963 with a GF Score™ of 86/100 and a GF Value™ of ₹16.17 (Modestly Undervalued). 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.

Zeal Aqua's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.162. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.96 for the trailing ten years ended in Mar. 2026.

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 (2026-07-10), Zeal Aqua's current stock price is ₹11.59. Zeal Aqua's E10 for the quarter that ended in Mar. 2026 was ₹0.96. Zeal Aqua's Shiller PE Ratio of today is 12.07.

During the past 13 years, the highest Shiller PE Ratio of Zeal Aqua was 17.20. The lowest was 9.91. And the median was 12.34.


Zeal Aqua  (BOM:539963) 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.

Zeal Aqua's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.59/0.96
=12.07

* 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 Zeal Aqua was 17.20. The lowest was 9.91. And the median was 12.34.


Be Aware

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


Zeal Aqua E10 Related Terms


Zeal Aqua E10 Historical Data

* Premium members only.

The historical data trend for Zeal Aqua'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.

Zeal Aqua E10 Chart

Zeal Aqua 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 0.00 0.00 0.00 0.00 0.96

Zeal Aqua 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 0.00 0.00 0.92 0.97 0.96

BOM:539963 vs ADM, BG, TSN: E10 Comparison

For the Farm Products subindustry, Zeal Aqua'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.


Zeal Aqua Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Zeal Aqua's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Zeal Aqua's Shiller PE Ratio falls into.


BOM:539963
86GF Score
Zeal Aqua Ltd BOM:539963
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zeal Aqua 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, Zeal Aqua'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)
=0.162/164.2724*164.2724
=0.162

Current CPI (Mar. 2026) = 164.2724.

Zeal Aqua Quarterly Data

per share eps CPI Adj_EPS
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201512 0.000 102.901 0.000
201603 0.061 102.518 0.098
201609 0.000 105.961 0.000
201703 0.097 105.196 0.151
201709 0.000 109.021 0.000
201803 0.000 109.786 0.000
201809 0.870 115.142 1.241
201812 1.431 115.142 2.042
201903 -1.192 118.202 -1.657
201906 0.084 120.880 0.114
201909 0.227 123.175 0.303
201912 0.408 126.235 0.531
202003 -0.299 124.705 -0.394
202006 0.186 127.000 0.241
202009 0.097 130.118 0.122
202012 0.100 130.889 0.126
202103 -0.043 131.771 -0.054
202106 0.043 134.084 0.053
202109 0.284 135.847 0.343
202112 0.088 138.161 0.105
202203 0.041 138.822 0.049
202206 0.060 142.347 0.069
202209 0.119 144.661 0.135
202212 0.259 145.763 0.292
202303 0.125 146.865 0.140
202306 0.072 150.280 0.079
202309 0.838 151.492 0.909
202312 0.277 152.924 0.298
202403 0.223 153.035 0.239
202406 0.071 155.789 0.075
202409 0.187 157.882 0.195
202412 0.505 158.323 0.524
202503 0.430 157.552 0.448
202506 0.122 159.755 0.125
202509 0.238 162.289 0.241
202512 0.598 163.281 0.602
202603 0.162 164.272 0.162

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 ₹0.96 mean?
Zeal Aqua (BOM:539963) has a E10 of ₹0.96 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Zeal Aqua and its competitors.
Is Zeal Aqua's E10 too high?
Zeal Aqua's current E10 is ₹0.96. Overall, Zeal Aqua has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zeal Aqua's E10 compare to ADM and BG?
Zeal Aqua's E10 of ₹0.96 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Zeal Aqua and its competitors. Zeal Aqua's current E10 is ₹0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zeal Aqua stock overvalued right now?
Based on GuruFocus' analysis, Zeal Aqua (BOM:539963) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹16.17, compared to a current price of ₹11.59 — trading 28.3% below its estimated fair value. The current E10 is ₹0.96. Zeal Aqua's overall GF Score™ is 86/100 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 Zeal Aqua (BOM:539963), the current E10 is ₹0.96 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 Zeal Aqua (BOM:539963) Overvalued in 2026?

Based on GuruFocus' analysis, Zeal Aqua stock appears to be undervalued. The current stock price of ₹11.59 is trading 28.3% below its estimated GF Value™ of ₹16.17. GuruFocus considers Zeal Aqua to be Modestly Undervalued.

Key valuation signals for BOM:539963:

  • E10: ₹0.96
  • GF Value™: ₹16.17 vs. price of ₹11.59 (28.3% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the BOM:539963 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zeal Aqua Business Description

Address Block No. 347, Taluka Olpad, Village Orma, Surat, GJ, IND, 394540
Zeal Aqua Ltd is an Indian company engaged in the aquaculture industry, especially prawn farming and trading of seed, feed, and medicines required for shrimp farming. The company uses satellite farming techniques to produce shrimps and provides feed and probiotics to small aqua farmers, working closely with them to ensure quality shrimp production. It produces and exports seafood (shrimps) across the world to markets like Belgium, Denmark, France, Germany, Greece, Japan, the USA, Vietnam, South Korea, Spain, etc.
86GF Score

Get the complete analysis for BOM:539963

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

₹11.59
Price
₹16.17
GF Value