IG Petrochemicals (NSE:IGPL) E10: ₹46.49 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

NSE:IGPL IG Petrochemicals Ltd NSE:IGPL
77 GF Score
Price ₹476.40
GF Value ₹451.63
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is IG Petrochemicals E10?

IG Petrochemicals NSE:IGPL -0.74% 77 E10 is ₹46.49 as of Jun. 2026. GuruFocus rates NSE:IGPL with a GF Score™ of 77/100 and a GF Value™ of ₹451.63 (Fairly Valued). The stock has 11 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.

IG Petrochemicals's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹21.570. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹46.49 for the trailing ten years ended in Jun. 2026.

During the past 12 months, IG Petrochemicals's average E10 Growth Rate was 9.30% per year. During the past 3 years, the average E10 Growth Rate was 7.20% 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 IG Petrochemicals was 12.10% per year. The lowest was 7.20% per year. And the median was 9.65% per year.

As of today (2026-08-20), IG Petrochemicals's current stock price is ₹476.40. IG Petrochemicals's E10 for the quarter that ended in Jun. 2026 was ₹46.49. IG Petrochemicals's Shiller PE Ratio of today is 10.25.

During the past 13 years, the highest Shiller PE Ratio of IG Petrochemicals was 26.16. The lowest was 7.87. And the median was 12.98.


IG Petrochemicals  (NSE:IGPL) 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.

IG Petrochemicals's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=476.40/46.49
=10.25

* 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 IG Petrochemicals was 26.16. The lowest was 7.87. And the median was 12.98.


Be Aware

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


IG Petrochemicals E10 Related Terms


IG Petrochemicals E10 Historical Data

* Premium members only.

The historical data trend for IG Petrochemicals'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.

IG Petrochemicals E10 Chart

IG Petrochemicals 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 30.68 36.22 36.54 43.29 44.03

IG Petrochemicals 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 42.55 42.54 42.11 44.03 46.49

NSE:IGPL vs DOW: E10 Comparison

For the Chemicals subindustry, IG Petrochemicals'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.


IG Petrochemicals Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, IG Petrochemicals's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where IG Petrochemicals's Shiller PE Ratio falls into.


NSE:IGPL
77GF Score
IG Petrochemicals Ltd NSE:IGPL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IG Petrochemicals 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, IG Petrochemicals'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)
=21.57/167.3573*167.3573
=21.570

Current CPI (Jun. 2026) = 167.3573.

IG Petrochemicals Quarterly Data

per share eps CPI Adj_EPS
201506 9.510 99.841 15.941
201509 4.240 101.753 6.974
201512 1.960 102.901 3.188
201603 3.830 102.518 6.252
201606 9.770 105.961 15.431
201703 0.000 105.196 0.000
201803 0.000 109.786 0.000
201806 13.190 111.317 19.830
201809 13.180 115.142 19.157
201812 5.700 115.142 8.285
201903 5.870 118.202 8.311
201906 2.940 120.880 4.070
201909 1.100 123.175 1.495
201912 1.450 126.235 1.922
202003 1.290 124.705 1.731
202006 0.720 127.000 0.949
202009 7.520 130.118 9.672
202012 20.410 130.889 26.097
202103 32.420 131.771 41.176
202106 16.720 134.084 20.869
202109 21.120 135.847 26.019
202112 24.140 138.161 29.241
202203 23.900 138.822 28.813
202206 26.300 142.347 30.921
202209 17.980 144.661 20.801
202212 8.280 145.763 9.507
202303 12.390 146.865 14.119
202306 11.570 150.280 12.885
202309 3.270 151.492 3.612
202312 -4.950 152.924 -5.417
202403 2.930 153.035 3.204
202406 11.370 155.789 12.214
202409 8.500 157.882 9.010
202412 9.270 158.323 9.799
202503 6.160 157.552 6.543
202506 -4.220 159.755 -4.421
202509 -0.650 162.289 -0.670
202512 -3.520 163.281 -3.608
202603 9.110 164.272 9.281
202606 21.570 167.357 21.570

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 ₹46.49 mean?
IG Petrochemicals (NSE:IGPL) has a E10 of ₹46.49 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IG Petrochemicals and its competitors.
Is IG Petrochemicals' E10 too high?
IG Petrochemicals' current E10 is ₹46.49. Overall, IG Petrochemicals has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IG Petrochemicals' E10 compare to DOW?
IG Petrochemicals' E10 of ₹46.49 can be compared against companies in the Chemicals 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 Chemicals company?
A good E10 depends on the Chemicals 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 IG Petrochemicals and its competitors. IG Petrochemicals's current E10 is ₹46.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IG Petrochemicals stock overvalued right now?
Based on GuruFocus' analysis, IG Petrochemicals (NSE:IGPL) is currently considered Fairly Valued. The stock's GF Value™ is ₹451.63, compared to a current price of ₹476.40 — trading 5.5% above its estimated fair value. The current E10 is ₹46.49. IG Petrochemicals' overall GF Score™ is 77/100 with 11 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 IG Petrochemicals (NSE:IGPL), the current E10 is ₹46.49 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 IG Petrochemicals (NSE:IGPL) Overvalued in 2026?

Based on GuruFocus' analysis, IG Petrochemicals stock appears to be overvalued. The current stock price of ₹476.40 is trading 5.5% above its estimated GF Value™ of ₹451.63. GuruFocus considers IG Petrochemicals to be Fairly Valued.

Key valuation signals for NSE:IGPL:

  • E10: ₹46.49
  • GF Value™: ₹451.63 vs. price of ₹476.40 (5.5% above fair value)
  • GF Score™: 77/100 with 11 warning signs

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


IG Petrochemicals Business Description

Other Exchanges 500199:India
Address 214, Nariman Point, Free Press Journal Marg, 401- 404, Raheja Centre, Mumbai, MH, IND, 400021
IG Petrochemicals Ltd is engaged in the manufacture and sale of organic chemicals. The company produces Phthalic Anhydride, Maleic Anhydride, and Benzoic Acid. Phthalic Anhydride is used for the manufacture of polyvinyl chloride products for manufacturing a range of consumer care, personal care, and home care products like shoes, pipes and hoses, boxes, containers, packaging films, medical and surgical equipment, and others. Geographically, the firm has a presence in both the Indian and international markets of which the Indian region accounts for the majority of revenue.
77GF Score

Get the complete analysis for NSE:IGPL

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

₹476.40
Price
₹451.63
GF Value