Hatsun Agro Product (NSE:HATSUN) E10: ₹10.83 (As of Mar. 2026)


NSE:HATSUN Hatsun Agro Product Ltd NSE:HATSUN
87 GF Score
Price ₹926.80
GF Value ₹1,282.21
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Hatsun Agro Product E10?

Hatsun Agro Product NSE:HATSUN +1.01% 87 E10 is ₹10.83 as of Mar. 2026. GuruFocus rates NSE:HATSUN with a GF Score™ of 87/100 and a GF Value™ of ₹1,282.21 (Modestly Undervalued). The stock has 1 warning sign 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.

Hatsun Agro Product's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹2.280. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹10.83 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hatsun Agro Product's average E10 Growth Rate was 16.80% per year. During the past 3 years, the average E10 Growth Rate was 15.20% per year. During the past 5 years, the average E10 Growth Rate was 14.30% 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 Hatsun Agro Product was 15.20% per year. The lowest was 13.60% per year. And the median was 13.90% per year.

As of today (2026-06-30), Hatsun Agro Product's current stock price is ₹926.80. Hatsun Agro Product's E10 for the quarter that ended in Mar. 2026 was ₹10.83. Hatsun Agro Product's Shiller PE Ratio of today is 85.58.

During the past 13 years, the highest Shiller PE Ratio of Hatsun Agro Product was 242.87. The lowest was 82.97. And the median was 132.58.


Hatsun Agro Product  (NSE:HATSUN) 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.

Hatsun Agro Product's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=926.80/10.83
=85.58

* 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 Hatsun Agro Product was 242.87. The lowest was 82.97. And the median was 132.58.


Be Aware

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


Hatsun Agro Product E10 Related Terms


Hatsun Agro Product E10 Historical Data

* Premium members only.

The historical data trend for Hatsun Agro Product'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.

Hatsun Agro Product E10 Chart

Hatsun Agro Product 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 6.30 7.00 8.09 9.23 10.83

Hatsun Agro Product 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 9.23 9.76 10.20 10.38 10.83

NSE:HATSUN vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Hatsun Agro Product'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.


Hatsun Agro Product Shiller PE Ratio vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Hatsun Agro Product's Shiller PE Ratio falls into.


NSE:HATSUN
87GF Score
Hatsun Agro Product Ltd NSE:HATSUN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hatsun Agro Product 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, Hatsun Agro Product'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)
=2.28/164.2724*164.2724
=2.280

Current CPI (Mar. 2026) = 164.2724.

Hatsun Agro Product Quarterly Data

per share eps CPI Adj_EPS
201606 1.416 105.961 2.195
201609 1.554 105.961 2.409
201612 1.511 105.196 2.360
201703 1.896 105.196 2.961
201706 1.701 107.109 2.609
201709 1.819 109.021 2.741
201712 0.714 109.404 1.072
201803 0.116 109.786 0.174
201806 1.833 111.317 2.705
201809 1.752 115.142 2.500
201812 0.810 115.142 1.156
201903 0.906 118.202 1.259
201906 2.334 120.880 3.172
201909 1.149 123.175 1.532
201912 1.266 126.235 1.647
202003 0.362 124.705 0.477
202006 2.555 127.000 3.305
202009 2.997 130.118 3.784
202012 3.063 130.889 3.844
202103 2.601 131.771 3.243
202106 2.660 134.084 3.259
202109 3.730 135.847 4.510
202112 2.180 138.161 2.592
202203 1.280 138.822 1.515
202206 2.360 142.347 2.723
202209 1.940 144.661 2.203
202212 2.120 145.763 2.389
202303 1.120 146.865 1.253
202306 3.600 150.280 3.935
202309 3.480 151.492 3.774
202312 2.580 152.924 2.771
202403 2.340 153.035 2.512
202406 5.860 155.789 6.179
202409 2.890 157.882 3.007
202412 1.840 158.323 1.909
202503 1.930 157.552 2.012
202506 6.070 159.755 6.242
202509 4.920 162.289 4.980
202512 2.720 163.281 2.737
202603 2.280 164.272 2.280

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 ₹10.83 mean?
Hatsun Agro Product (NSE:HATSUN) has a E10 of ₹10.83 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hatsun Agro Product and its competitors.
Is Hatsun Agro Product's E10 too high?
Hatsun Agro Product's current E10 is ₹10.83. Overall, Hatsun Agro Product has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hatsun Agro Product's E10 compare to KHC and GIS?
Hatsun Agro Product's E10 of ₹10.83 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 Hatsun Agro Product and its competitors. Hatsun Agro Product's current E10 is ₹10.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hatsun Agro Product stock overvalued right now?
Based on GuruFocus' analysis, Hatsun Agro Product (NSE:HATSUN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,282.21, compared to a current price of ₹926.80 — trading 27.7% below its estimated fair value. The current E10 is ₹10.83. Hatsun Agro Product's overall GF Score™ is 87/100 with 1 warning sign 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 Hatsun Agro Product (NSE:HATSUN), the current E10 is ₹10.83 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 Hatsun Agro Product (NSE:HATSUN) Overvalued in 2026?

Based on GuruFocus' analysis, Hatsun Agro Product stock appears to be undervalued. The current stock price of ₹926.80 is trading 27.7% below its estimated GF Value™ of ₹1,282.21. GuruFocus considers Hatsun Agro Product to be Modestly Undervalued.

Key valuation signals for NSE:HATSUN:

  • E10: ₹10.83
  • GF Value™: ₹1,282.21 vs. price of ₹926.80 (27.7% below fair value)
  • GF Score™: 87/100 with 1 warning sign

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


Hatsun Agro Product Business Description

Other Exchanges 531531:India
Address Plot No. 14, TNHB, Tamil Nadu Housing Board 'A' Road, Sholinganallur, Chennai, TN, IND, 600 119
Hatsun Agro Product Ltd provides a range of dairy products for the areas of cooking and consumption. Its products include milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, cattle feed, and others. The firm markets its products under Arokya, Hatsun, Arun, and Ibaco brand names. The company operates in single-segment Milk and Milk products. The company derives the majority of its revenue from the Milk and Milk products segment. Geographically, it generates maximum revenue from India.
87GF Score

Get the complete analysis for NSE:HATSUN

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

₹926.80
Price
₹1,282.21
GF Value