Indo Count Industries (NSE:ICIL) E10: ₹12.63 (As of Mar. 2026)


NSE:ICIL Indo Count Industries Ltd NSE:ICIL
84 GF Score
Price ₹426.40
GF Value ₹354.24
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Indo Count Industries E10?

Indo Count Industries NSE:ICIL -1.73% 84 E10 is ₹12.63 as of Mar. 2026. GuruFocus rates NSE:ICIL with a GF Score™ of 84/100 and a GF Value™ of ₹354.24 (Modestly Overvalued). The stock has 9 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.

Indo Count Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹1.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹12.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Indo Count Industries's average E10 Growth Rate was -2.60% 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.

As of today (2026-06-27), Indo Count Industries's current stock price is ₹426.40. Indo Count Industries's E10 for the quarter that ended in Mar. 2026 was ₹12.63. Indo Count Industries's Shiller PE Ratio of today is 33.76.

During the past 13 years, the highest Shiller PE Ratio of Indo Count Industries was 33.73. The lowest was 17.51. And the median was 22.42.


Indo Count Industries  (NSE:ICIL) 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.

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

Shiller PE Ratio=Share Price/E10
=426.40/12.63
=33.76

* 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 Indo Count Industries was 33.73. The lowest was 17.51. And the median was 22.42.


Be Aware

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


Indo Count Industries E10 Related Terms


Indo Count Industries E10 Historical Data

* Premium members only.

The historical data trend for Indo Count 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.

Indo Count Industries E10 Chart

Indo Count 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 0.00 0.00 12.97 12.63

Indo Count 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 12.97 13.00 13.00 12.81 12.63

Indo Count Industries E10 Competitor Comparison

For the Textile Manufacturing subindustry, Indo Count 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.


Indo Count Industries Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Count Industries's Shiller PE Ratio distribution charts can be found below:

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


NSE:ICIL
84GF Score
Indo Count Industries Ltd NSE:ICIL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indo Count 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, Indo Count 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)
=1.23/164.2724*164.2724
=1.230

Current CPI (Mar. 2026) = 164.2724.

Indo Count Industries Quarterly Data

per share eps CPI Adj_EPS
201103 0.000 70.768 0.000
201203 0.000 76.889 0.000
201303 0.000 85.687 0.000
201403 0.000 91.425 0.000
201503 0.000 97.163 0.000
201603 0.000 102.518 0.000
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 1.500 111.317 2.214
201809 1.310 115.142 1.869
201812 0.470 115.142 0.671
201903 -0.230 118.202 -0.320
201906 1.760 120.880 2.392
201909 0.550 123.175 0.734
201912 1.020 126.235 1.327
202003 0.410 124.705 0.540
202006 0.910 127.000 1.177
202009 4.150 130.118 5.239
202012 4.710 130.889 5.911
202103 2.940 131.771 3.665
202106 5.950 134.084 7.290
202109 4.280 135.847 5.176
202112 3.590 138.161 4.268
202203 4.310 138.822 5.100
202206 3.910 142.347 4.512
202209 3.380 144.661 3.838
202212 1.900 145.763 2.141
202303 4.780 146.865 5.347
202306 3.720 150.280 4.066
202309 5.770 151.492 6.257
202312 2.930 152.924 3.147
202403 4.640 153.035 4.981
202406 3.930 155.789 4.144
202409 4.060 157.882 4.224
202412 3.570 158.323 3.704
202503 1.060 157.552 1.105
202506 1.910 159.755 1.964
202509 1.970 162.289 1.994
202512 1.230 163.281 1.237
202603 1.230 164.272 1.230

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 ₹12.63 mean?
Indo Count Industries (NSE:ICIL) has a E10 of ₹12.63 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indo Count Industries and its competitors.
Is Indo Count Industries' E10 too high?
Indo Count Industries' current E10 is ₹12.63. Overall, Indo Count Industries has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Count Industries' E10 compare to competitors?
Indo Count Industries' E10 of ₹12.63 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Indo Count Industries and its competitors. Indo Count Industries's current E10 is ₹12.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Count Industries stock overvalued right now?
Based on GuruFocus' analysis, Indo Count Industries (NSE:ICIL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹354.24, compared to a current price of ₹426.40 — trading 20.4% above its estimated fair value. The current E10 is ₹12.63. Indo Count Industries' overall GF Score™ is 84/100 with 9 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 Indo Count Industries (NSE:ICIL), the current E10 is ₹12.63 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 Indo Count Industries (NSE:ICIL) Overvalued in 2026?

Based on GuruFocus' analysis, Indo Count Industries stock appears to be overvalued. The current stock price of ₹426.40 is trading 20.4% above its estimated GF Value™ of ₹354.24. GuruFocus considers Indo Count Industries to be Modestly Overvalued.

Key valuation signals for NSE:ICIL:

  • E10: ₹12.63
  • GF Value™: ₹354.24 vs. price of ₹426.40 (20.4% above fair value)
  • GF Score™: 84/100 with 9 warning signs

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


Indo Count Industries Business Description

Other Exchanges 521016:India
Address NCPA Marg, 301, 3rd Floor, Arcadia, Nariman Point, Mumbai, MH, IND, 400021
Indo Count Industries Ltd is an India-based company principally engaged in the manufacturing and sale of textile products. The company manufactures and exports bed sheets, bed linen, utility bedding, pillowcases, fashion bedding, institutional bedding, comforters, quilts, decorative pillows, etc. Its products are marketed through brands like Pure Earth, Boutique Living, Atlas, Simply Put, Linen Closet, The Pure Collection, and Heirlooms of India. The company operates in a single segment and derives a majority of its revenue by exporting its products to countries like the United States of America, UAE, the United Kingdom, and others.
84GF Score

Get the complete analysis for NSE:ICIL

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

₹426.40
Price
₹354.24
GF Value