Sayaji Industries (BOM:540728) E10: ₹3.03 (As of Mar. 2026)


BOM:540728 Sayaji Industries Ltd BOM:540728
61 GF Score
Price ₹101.60
GF Value ₹66.72
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Sayaji Industries E10?

Sayaji Industries BOM:540728 +3.25% 61 E10 is ₹3.03 as of Mar. 2026. GuruFocus rates BOM:540728 with a GF Score™ of 61/100 and a GF Value™ of ₹66.72 (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.

Sayaji Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹4.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹3.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Sayaji Industries's average E10 Growth Rate was -10.90% per year. During the past 3 years, the average E10 Growth Rate was -15.50% 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 Sayaji Industries was -15.50% per year. The lowest was -15.50% per year. And the median was -15.50% per year.

As of today (2026-07-07), Sayaji Industries's current stock price is ₹101.60. Sayaji Industries's E10 for the quarter that ended in Mar. 2026 was ₹3.03. Sayaji Industries's Shiller PE Ratio of today is 33.53.

During the past 13 years, the highest Shiller PE Ratio of Sayaji Industries was 46.17. The lowest was 7.45. And the median was 16.66.


Sayaji Industries  (BOM:540728) 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.

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

Shiller PE Ratio=Share Price/E10
=101.60/3.03
=33.53

* 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 Sayaji Industries was 46.17. The lowest was 7.45. And the median was 16.66.


Be Aware

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


Sayaji Industries E10 Related Terms


Sayaji Industries E10 Historical Data

* Premium members only.

The historical data trend for Sayaji Industries'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.

Sayaji Industries E10 Chart

Sayaji Industries 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 5.03 4.24 3.40 3.03

Sayaji Industries 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 3.40 3.12 2.61 2.65 3.03

BOM:540728 vs ADM, BG, TSN: E10 Comparison

For the Farm Products subindustry, Sayaji Industries'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.


Sayaji Industries Shiller PE Ratio vs Consumer Packaged Goods Industry

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

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


BOM:540728
61GF Score
Sayaji Industries Ltd BOM:540728
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sayaji Industries 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, Sayaji Industries'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)
=4.33/164.2724*164.2724
=4.330

Current CPI (Mar. 2026) = 164.2724.

Sayaji Industries Quarterly Data

per share eps CPI Adj_EPS
201509 0.287 101.753 0.463
201512 0.098 102.901 0.156
201603 0.797 102.518 1.277
201606 0.596 105.961 0.924
201609 0.202 105.961 0.313
201612 0.220 105.196 0.344
201703 1.027 105.196 1.604
201803 0.000 109.786 0.000
201806 1.443 111.317 2.129
201809 8.020 115.142 11.442
201812 0.313 115.142 0.447
201903 0.368 118.202 0.511
201906 0.140 120.880 0.190
201909 -1.475 123.175 -1.967
201912 -0.003 126.235 -0.004
202003 0.410 124.705 0.540
202006 -2.338 127.000 -3.024
202009 2.563 130.118 3.236
202012 2.798 130.889 3.512
202103 3.513 131.771 4.380
202106 2.060 134.084 2.524
202109 1.118 135.847 1.352
202112 2.675 138.161 3.181
202203 1.613 138.822 1.909
202206 2.120 142.347 2.447
202209 -1.450 144.661 -1.647
202212 2.203 145.763 2.483
202303 -0.018 146.865 -0.020
202306 -0.308 150.280 -0.337
202309 -0.465 151.492 -0.504
202312 -0.773 152.924 -0.830
202403 -3.098 153.035 -3.325
202406 -1.145 155.789 -1.207
202409 0.235 157.882 0.245
202412 -0.470 158.323 -0.488
202503 -3.060 157.552 -3.191
202506 -1.488 159.755 -1.530
202509 -3.673 162.289 -3.718
202512 1.370 163.281 1.378
202603 4.330 164.272 4.330

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 ₹3.03 mean?
Sayaji Industries (BOM:540728) has a E10 of ₹3.03 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Sayaji Industries and its competitors.
Is Sayaji Industries' E10 too high?
Sayaji Industries' current E10 is ₹3.03. Overall, Sayaji Industries has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sayaji Industries' E10 compare to ADM and BG?
Sayaji Industries' E10 of ₹3.03 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 Sayaji Industries and its competitors. Sayaji Industries's current E10 is ₹3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sayaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Sayaji Industries (BOM:540728) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹66.72, compared to a current price of ₹101.60 — trading 52.3% above its estimated fair value. The current E10 is ₹3.03. Sayaji Industries' overall GF Score™ is 61/100 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 Sayaji Industries (BOM:540728), the current E10 is ₹3.03 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 Sayaji Industries (BOM:540728) Overvalued in 2026?

Based on GuruFocus' analysis, Sayaji Industries stock appears to be overvalued. The current stock price of ₹101.60 is trading 52.3% above its estimated GF Value™ of ₹66.72. GuruFocus considers Sayaji Industries to be Significantly Overvalued.

Key valuation signals for BOM:540728:

  • E10: ₹3.03
  • GF Value™: ₹66.72 vs. price of ₹101.60 (52.3% above fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the BOM:540728 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sayaji Industries Business Description

Address Ambli-Bopal Road, 2nd Floor, ONE42, North Tower, Ahmedabad, GJ, IND, 380058
Sayaji Industries Ltd is an India-based company. The company is engaged in the manufacturing of starches and their derivatives like Liquid Glucose, Dextrose Monohydrate, Dextrose Anhydrous, Sorbitol, and its by-products like Maize Oil, Maize Gluten. The reporting segments of the company are agro processing-maize, agri seeds, and spray-dried food products. The company is also engaged in the manufacturing of caramel color, spray drying of fruits and vegetable powder, and processing and selling of seeds. The company caters its products to the textile, pharmaceutical, foods, and beverages industries, paper and packaging, confectionery, soaps, detergent industries, seeds industries., and other related industries.
61GF Score

Get the complete analysis for BOM:540728

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

₹101.60
Price
₹66.72
GF Value