BCL Industries (NSE:BCLIND) E10: ₹2.88 (As of Mar. 2026)


NSE:BCLIND BCL Industries Ltd NSE:BCLIND
89 GF Score
Price ₹33.80
GF Value ₹59.92
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is BCL Industries E10?

BCL Industries NSE:BCLIND -1.02% 89 E10 is ₹2.88 as of Mar. 2026. GuruFocus rates NSE:BCLIND with a GF Score™ of 89/100 and a GF Value™ of ₹59.92 (Significantly 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.

BCL Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.790. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹2.88 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BCL Industries's average E10 Growth Rate was 17.10% per year. During the past 3 years, the average E10 Growth Rate was 17.00% per year. During the past 5 years, the average E10 Growth Rate was 20.80% 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 BCL Industries was 24.70% per year. The lowest was 17.00% per year. And the median was 20.40% per year.

As of today (2026-06-30), BCL Industries's current stock price is ₹33.80. BCL Industries's E10 for the quarter that ended in Mar. 2026 was ₹2.88. BCL Industries's Shiller PE Ratio of today is 11.74.

During the past 13 years, the highest Shiller PE Ratio of BCL Industries was 39.21. The lowest was 7.81. And the median was 22.91.


BCL Industries  (NSE:BCLIND) 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.

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

Shiller PE Ratio=Share Price/E10
=33.80/2.88
=11.74

* 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 BCL Industries was 39.21. The lowest was 7.81. And the median was 22.91.


Be Aware

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


BCL Industries E10 Related Terms


BCL Industries E10 Historical Data

* Premium members only.

The historical data trend for BCL 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.

BCL Industries E10 Chart

BCL 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 1.41 1.80 2.15 2.46 2.88

BCL 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 2.46 2.63 2.74 2.81 2.88

NSE:BCLIND vs BF.B: E10 Comparison

For the Beverages - Wineries & Distilleries subindustry, BCL 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.


BCL Industries Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, BCL Industries's Shiller PE Ratio distribution charts can be found below:

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


NSE:BCLIND
89GF Score
BCL Industries Ltd NSE:BCLIND
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BCL 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, BCL 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)
=0.79/164.2724*164.2724
=0.790

Current CPI (Mar. 2026) = 164.2724.

BCL Industries Quarterly Data

per share eps CPI Adj_EPS
201606 0.184 105.961 0.285
201609 0.185 105.961 0.287
201612 0.308 105.196 0.481
201703 0.051 105.196 0.080
201706 0.323 107.109 0.495
201709 0.308 109.021 0.464
201712 0.338 109.404 0.508
201803 0.272 109.786 0.407
201806 0.340 111.317 0.502
201809 0.980 115.142 1.398
201812 0.636 115.142 0.907
201903 0.401 118.202 0.557
201906 0.339 120.880 0.461
201909 0.384 123.175 0.512
201912 0.441 126.235 0.574
202003 0.177 124.705 0.233
202006 0.367 127.000 0.475
202009 0.525 130.118 0.663
202012 0.418 130.889 0.525
202103 0.559 131.771 0.697
202106 0.699 134.084 0.856
202109 0.866 135.847 1.047
202112 1.000 138.161 1.189
202203 0.946 138.822 1.119
202206 0.735 142.347 0.848
202209 0.034 144.661 0.039
202212 0.970 145.763 1.093
202303 0.920 146.865 1.029
202306 0.740 150.280 0.809
202309 0.700 151.492 0.759
202312 1.200 152.924 1.289
202403 0.790 153.035 0.848
202406 0.810 155.789 0.854
202409 0.940 157.882 0.978
202412 0.650 158.323 0.674
202503 0.860 157.552 0.897
202506 1.040 159.755 1.069
202509 0.980 162.289 0.992
202512 1.090 163.281 1.097
202603 0.790 164.272 0.790

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 ₹2.88 mean?
BCL Industries (NSE:BCLIND) has a E10 of ₹2.88 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BCL Industries and its competitors.
Is BCL Industries' E10 too high?
BCL Industries' current E10 is ₹2.88. Overall, BCL Industries has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BCL Industries' E10 compare to BF.B?
BCL Industries' E10 of ₹2.88 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic 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 BCL Industries and its competitors. BCL Industries's current E10 is ₹2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCL Industries stock overvalued right now?
Based on GuruFocus' analysis, BCL Industries (NSE:BCLIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹59.92, compared to a current price of ₹33.80 — trading 43.6% below its estimated fair value. The current E10 is ₹2.88. BCL Industries' overall GF Score™ is 89/100 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 BCL Industries (NSE:BCLIND), the current E10 is ₹2.88 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 BCL Industries (NSE:BCLIND) Overvalued in 2026?

Based on GuruFocus' analysis, BCL Industries stock appears to be undervalued. The current stock price of ₹33.80 is trading 43.6% below its estimated GF Value™ of ₹59.92. GuruFocus considers BCL Industries to be Significantly Undervalued.

Key valuation signals for NSE:BCLIND:

  • E10: ₹2.88
  • GF Value™: ₹59.92 vs. price of ₹33.80 (43.6% below fair value)
  • GF Score™: 89/100 with 3 warning signs

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


BCL Industries Business Description

Other Exchanges 524332:India
Address Hazi Rattan Link Road, Post Box No. 71, Bathinda, PB, IND, 151001
BCL Industries Ltd engages in multiple business activities. It operates through the following segments: Oil and Vanaspati, Distillery Unit, and Real Estate. The Distillery Unit segment which generates maximum revenue, includes production and marketing operations of liquor for human consumption, ENA, and Ethanol. The Oil and Vanaspati segment includes production and marketing operations of oil and vanaspati ghee and other products. The Real Estate segment includes the construction of residential houses.
89GF Score

Get the complete analysis for NSE:BCLIND

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

₹33.80
Price
₹59.92
GF Value