CCL Products (India) (NSE:CCL) E10: ₹20.11 (As of Mar. 2026)


NSE:CCL CCL Products (India) Ltd NSE:CCL
92 GF Score
Price ₹1,163.20
GF Value ₹1,174.05
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is CCL Products (India) E10?

CCL Products (India) NSE:CCL -0.33% 92 E10 is ₹20.11 as of Mar. 2026. GuruFocus rates NSE:CCL with a GF Score™ of 92/100 and a GF Value™ of ₹1,174.05 (Fairly Valued). The stock has 6 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.

CCL Products (India)'s adjusted earnings per share data for the three months ended in Mar. 2026 was ₹8.590. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹20.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, CCL Products (India)'s average E10 Growth Rate was 12.50% per year. During the past 3 years, the average E10 Growth Rate was 8.00% per year. During the past 5 years, the average E10 Growth Rate was 3.70% 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 CCL Products (India) was 8.00% per year. The lowest was 0.00% per year. And the median was 1.80% per year.

As of today (2026-06-28), CCL Products (India)'s current stock price is ₹1163.20. CCL Products (India)'s E10 for the quarter that ended in Mar. 2026 was ₹20.11. CCL Products (India)'s Shiller PE Ratio of today is 57.84.

During the past 13 years, the highest Shiller PE Ratio of CCL Products (India) was 57.99. The lowest was 14.21. And the median was 35.99.


CCL Products (India)  (NSE:CCL) 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.

CCL Products (India)'s Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1163.20/20.11
=57.84

* 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 CCL Products (India) was 57.99. The lowest was 14.21. And the median was 35.99.


Be Aware

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


CCL Products (India) E10 Related Terms


CCL Products (India) E10 Historical Data

* Premium members only.

The historical data trend for CCL Products (India)'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.

CCL Products (India) E10 Chart

CCL Products (India) 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 16.88 15.92 16.18 17.84 20.11

CCL Products (India) 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 17.84 18.25 18.96 19.52 20.11

NSE:CCL vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, CCL Products (India)'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.


CCL Products (India) Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CCL Products (India)'s Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where CCL Products (India)'s Shiller PE Ratio falls into.


NSE:CCL
92GF Score
CCL Products (India) Ltd NSE:CCL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CCL Products (India) 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, CCL Products (India)'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)
=8.59/164.2724*164.2724
=8.590

Current CPI (Mar. 2026) = 164.2724.

CCL Products (India) Quarterly Data

per share eps CPI Adj_EPS
201606 3.030 105.961 4.697
201609 1.550 105.961 2.403
201612 3.430 105.196 5.356
201703 2.680 105.196 4.185
201706 2.030 107.109 3.113
201709 2.510 109.021 3.782
201712 3.040 109.404 4.565
201803 3.550 109.786 5.312
201806 2.970 111.317 4.383
201809 3.550 115.142 5.065
201812 2.450 115.142 3.495
201903 2.680 118.202 3.725
201906 2.610 120.880 3.547
201909 3.160 123.175 4.214
201912 3.530 126.235 4.594
202003 3.170 124.705 4.176
202006 2.890 127.000 3.738
202009 3.570 130.118 4.507
202012 3.540 130.889 4.443
202103 3.700 131.771 4.613
202106 3.300 134.084 4.043
202109 3.710 135.847 4.486
202112 4.400 138.161 5.232
202203 3.960 138.822 4.686
202206 3.960 142.347 4.570
202209 4.340 144.661 4.928
202212 5.490 145.763 6.187
202303 7.550 146.865 8.445
202306 4.560 150.280 4.985
202309 4.570 151.492 4.956
202312 4.750 152.924 5.102
202403 4.890 153.035 5.249
202406 5.360 155.789 5.652
202409 5.540 157.882 5.764
202412 4.730 158.323 4.908
202503 7.640 157.552 7.966
202506 5.440 159.755 5.594
202509 7.560 162.289 7.652
202512 7.520 163.281 7.566
202603 8.590 164.272 8.590

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 ₹20.11 mean?
CCL Products (India) (NSE:CCL) has a E10 of ₹20.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on CCL Products (India) and its competitors.
Is CCL Products (India)'s E10 too high?
CCL Products (India)'s current E10 is ₹20.11. Overall, CCL Products (India) has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CCL Products (India)'s E10 compare to KHC and GIS?
CCL Products (India)'s E10 of ₹20.11 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 CCL Products (India) and its competitors. CCL Products (India)'s current E10 is ₹20.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCL Products (India) stock overvalued right now?
Based on GuruFocus' analysis, CCL Products (India) (NSE:CCL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,174.05, compared to a current price of ₹1,163.20 — trading 0.9% below its estimated fair value. The current E10 is ₹20.11. CCL Products (India)'s overall GF Score™ is 92/100 with 6 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 CCL Products (India) (NSE:CCL), the current E10 is ₹20.11 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 CCL Products (India) (NSE:CCL) Overvalued in 2026?

Based on GuruFocus' analysis, CCL Products (India) stock appears to be undervalued. The current stock price of ₹1,163.20 is trading 0.9% below its estimated GF Value™ of ₹1,174.05. GuruFocus considers CCL Products (India) to be Fairly Valued.

Key valuation signals for NSE:CCL:

  • E10: ₹20.11
  • GF Value™: ₹1,174.05 vs. price of ₹1,163.20 (0.9% below fair value)
  • GF Score™: 92/100 with 6 warning signs

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


CCL Products (India) Business Description

Other Exchanges 519600:India
Address Ameerpet Road, 7-1-24-2/D, Greendale, Hyderabad, TG, IND, 500016
CCL Products (India) Ltd manufactures and markets a variety of processed coffee internationally. Its product offerings under various brands include spray-dried coffee powder, spray-dried coffee granules, freeze-dried coffee, freeze-concentrated liquid coffee, roasted and ground coffee, roasted coffee beans, and premix coffee. The company sells its products in India, and also in international markets like Singapore, Switzerland, and Vietnam through its subsidiaries.
92GF Score

Get the complete analysis for NSE:CCL

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

₹1,163.20
Price
₹1,174.05
GF Value