H.G. Infra Engineering (BOM:541019) E10: ₹54.74 (As of Jun. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:541019 H.G. Infra Engineering Ltd BOM:541019
77 GF Score
Price ₹518.65
GF Value ₹1,070.27
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is H.G. Infra Engineering E10?

H.G. Infra Engineering BOM:541019 +2.22% 77 E10 is ₹54.74 as of Jun. 2026. GuruFocus rates BOM:541019 with a GF Score™ of 77/100 and a GF Value™ of ₹1,070.27 (Possible Value Trap). The stock has 7 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.

H.G. Infra Engineering's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹-6.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹54.74 for the trailing ten years ended in Jun. 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 (2026-08-20), H.G. Infra Engineering's current stock price is ₹518.65. H.G. Infra Engineering's E10 for the quarter that ended in Jun. 2026 was ₹54.74. H.G. Infra Engineering's Shiller PE Ratio of today is 9.47.

During the past 13 years, the highest Shiller PE Ratio of H.G. Infra Engineering was 11.18. The lowest was 8.64. And the median was 10.45.


H.G. Infra Engineering  (BOM:541019) 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.

H.G. Infra Engineering's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=518.65/54.74
=9.47

* 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 H.G. Infra Engineering was 11.18. The lowest was 8.64. And the median was 10.45.


Be Aware

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


H.G. Infra Engineering E10 Related Terms


H.G. Infra Engineering E10 Historical Data

* Premium members only.

The historical data trend for H.G. Infra Engineering'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.

H.G. Infra Engineering E10 Chart

H.G. Infra Engineering 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 55.97

H.G. Infra Engineering Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 55.97 54.74

BOM:541019 vs PWR, FIX, EME: E10 Comparison

For the Engineering & Construction subindustry, H.G. Infra Engineering'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.


H.G. Infra Engineering Shiller PE Ratio vs Construction Industry

For the Construction industry and Industrials sector, H.G. Infra Engineering's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where H.G. Infra Engineering's Shiller PE Ratio falls into.


BOM:541019
77GF Score
H.G. Infra Engineering Ltd BOM:541019
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H.G. Infra Engineering 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, H.G. Infra Engineering's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-6.83/167.3573*167.3573
=-6.830

Current CPI (Jun. 2026) = 167.3573.

H.G. Infra Engineering Quarterly Data

per share eps CPI Adj_EPS
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201706 2.971 107.109 4.642
201709 1.528 109.021 2.346
201712 2.908 109.404 4.448
201803 5.529 109.786 8.428
201806 4.250 111.317 6.390
201809 3.910 115.142 5.683
201812 5.450 115.142 7.922
201903 5.630 118.202 7.971
201906 5.820 120.880 8.058
201909 6.270 123.175 8.519
201912 5.140 126.235 6.814
202003 8.340 124.705 11.192
202006 3.060 127.000 4.032
202009 5.810 130.118 7.473
202012 10.400 130.889 13.298
202103 17.050 131.771 21.655
202106 15.500 134.084 19.346
202109 11.430 135.847 14.081
202112 15.430 138.161 18.691
202203 15.950 138.822 19.229
202206 16.790 142.347 19.740
202209 12.570 144.661 14.542
202212 20.090 145.763 23.066
202303 26.230 146.865 29.890
202306 23.080 150.280 25.703
202309 14.750 151.492 16.295
202312 15.660 152.924 17.138
202403 29.160 153.035 31.889
202406 24.940 155.789 26.792
202409 12.380 157.882 13.123
202412 17.660 158.323 18.668
202503 22.560 157.552 23.964
202506 15.230 159.755 15.955
202509 7.950 162.289 8.198
202512 14.440 163.281 14.801
202603 12.990 164.272 13.234
202606 -6.830 167.357 -6.830

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 ₹54.74 mean?
H.G. Infra Engineering (BOM:541019) has a E10 of ₹54.74 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on H.G. Infra Engineering and its competitors.
Is H.G. Infra Engineering's E10 too high?
H.G. Infra Engineering's current E10 is ₹54.74. Overall, H.G. Infra Engineering has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does H.G. Infra Engineering's E10 compare to PWR and FIX?
H.G. Infra Engineering's E10 of ₹54.74 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 H.G. Infra Engineering and its competitors. H.G. Infra Engineering's current E10 is ₹54.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.G. Infra Engineering stock overvalued right now?
Based on GuruFocus' analysis, H.G. Infra Engineering (BOM:541019) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,070.27, compared to a current price of ₹518.65 — trading 51.5% below its estimated fair value. The current E10 is ₹54.74. H.G. Infra Engineering's overall GF Score™ is 77/100 with 7 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 H.G. Infra Engineering (BOM:541019), the current E10 is ₹54.74 as of Jun. 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 H.G. Infra Engineering (BOM:541019) Overvalued in 2026?

Based on GuruFocus' analysis, H.G. Infra Engineering stock appears to be undervalued. The current stock price of ₹518.65 is trading 51.5% below its estimated GF Value™ of ₹1,070.27. GuruFocus considers H.G. Infra Engineering to be Possible Value Trap.

Key valuation signals for BOM:541019:

  • E10: ₹54.74
  • GF Value™: ₹1,070.27 vs. price of ₹518.65 (51.5% below fair value)
  • GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the BOM:541019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


H.G. Infra Engineering Business Description

Other Exchanges HGINFRA:India
Address A-1, Tilak Marg, C-Scheme, IIIrd Floor, Sheel Mohar Plaza, C-Scheme, Jaipur, RJ, IND, 302 001
H.G. Infra Engineering Ltd is engaged in Engineering, Procurement and Construction (EPC), Maintenance of roads, bridges, flyovers and other infrastructure contract works. Geographically, it operates only in India. It has one reportable segment of engineering, procurement and construction contracts (EPC). The company executes civil construction projects, like extension and grading of runways, railways and land development as well as water pipeline projects.
77GF Score

Get the complete analysis for BOM:541019

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

₹518.65
Price
₹1,070.27
GF Value