Indowind Energy (NSE:INDOWIND) E10: ₹-0.61 (As of Mar. 2026)


NSE:INDOWIND Indowind Energy Ltd NSE:INDOWIND
66 GF Score
Price ₹9.49
GF Value ₹14.58
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Indowind Energy E10?

Indowind Energy NSE:INDOWIND +4.63% 66 E10 is ₹-0.61 as of Mar. 2026. GuruFocus rates NSE:INDOWIND with a GF Score™ of 66/100 and a GF Value™ of ₹14.58 (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.

Indowind Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹-0.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹-0.61 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 0.50% per year. During the past 5 years, the average E10 Growth Rate was -14.60% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Indowind Energy was 0.50% per year. The lowest was -23.40% per year. And the median was -20.35% per year.

As of today (2026-07-01), Indowind Energy's current stock price is ₹9.49. Indowind Energy's E10 for the quarter that ended in Mar. 2026 was ₹-0.61. Indowind Energy's Shiller PE Ratio of today is .


Indowind Energy  (NSE:INDOWIND) 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.


Be Aware

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


Indowind Energy E10 Related Terms


Indowind Energy E10 Historical Data

* Premium members only.

The historical data trend for Indowind Energy'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.

Indowind Energy E10 Chart

Indowind Energy 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 -0.37 -0.62 -0.58 -0.60 -0.61

Indowind Energy 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 -0.60 -0.59 -0.57 -0.57 -0.61

Indowind Energy E10 Competitor Comparison

For the Utilities - Renewable subindustry, Indowind Energy'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.


Indowind Energy Shiller PE Ratio vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Indowind Energy's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Indowind Energy's Shiller PE Ratio falls into.


NSE:INDOWIND
66GF Score
Indowind Energy Ltd NSE:INDOWIND
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indowind Energy 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, Indowind Energy'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)
=-0.46/164.2724*164.2724
=-0.460

Current CPI (Mar. 2026) = 164.2724.

Indowind Energy Quarterly Data

per share eps CPI Adj_EPS
201606 -0.035 105.961 -0.054
201609 0.123 105.961 0.191
201612 -0.429 105.196 -0.670
201703 0.140 105.196 0.219
201706 0.026 107.109 0.040
201709 0.035 109.021 0.053
201712 0.001 109.404 0.002
201803 -2.110 109.786 -3.157
201806 -0.383 111.317 -0.565
201809 -0.399 115.142 -0.569
201812 0.314 115.142 0.448
201903 -0.728 118.202 -1.012
201906 0.026 120.880 0.035
201909 0.048 123.175 0.064
201912 -0.420 126.235 -0.547
202003 0.274 124.705 0.361
202006 0.018 127.000 0.023
202009 -0.149 130.118 -0.188
202012 0.060 130.889 0.075
202103 0.056 131.771 0.070
202106 0.085 134.084 0.104
202109 0.053 135.847 0.064
202112 -0.044 138.161 -0.052
202203 -0.101 138.822 -0.120
202206 0.169 142.347 0.195
202209 0.413 144.661 0.469
202212 0.009 145.763 0.010
202303 -2.176 146.865 -2.434
202306 0.150 150.280 0.164
202309 0.465 151.492 0.504
202312 0.010 152.924 0.011
202403 0.025 153.035 0.027
202406 0.158 155.789 0.167
202409 0.336 157.882 0.350
202412 0.000 158.323 0.000
202503 -0.340 157.552 -0.355
202506 0.198 159.755 0.204
202509 0.366 162.289 0.370
202512 0.030 163.281 0.030
202603 -0.460 164.272 -0.460

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 ₹-0.61 mean?
Indowind Energy (NSE:INDOWIND) has a E10 of ₹-0.61 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Indowind Energy and its competitors.
Is Indowind Energy's E10 too high?
Indowind Energy's current E10 is ₹-0.61. Overall, Indowind Energy has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indowind Energy's E10 compare to competitors?
Indowind Energy's E10 of ₹-0.61 can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good E10 depends on the Utilities - Independent Power Producers 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 Indowind Energy and its competitors. Indowind Energy's current E10 is ₹-0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indowind Energy stock overvalued right now?
Based on GuruFocus' analysis, Indowind Energy (NSE:INDOWIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹14.58, compared to a current price of ₹9.49 — trading 34.9% below its estimated fair value. The current E10 is ₹-0.61. Indowind Energy's overall GF Score™ is 66/100 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 Indowind Energy (NSE:INDOWIND), the current E10 is ₹-0.61 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 Indowind Energy (NSE:INDOWIND) Overvalued in 2026?

Based on GuruFocus' analysis, Indowind Energy stock appears to be undervalued. The current stock price of ₹9.49 is trading 34.9% below its estimated GF Value™ of ₹14.58. GuruFocus considers Indowind Energy to be Significantly Undervalued.

Key valuation signals for NSE:INDOWIND:

  • E10: ₹-0.61
  • GF Value™: ₹14.58 vs. price of ₹9.49 (34.9% below fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Indowind Energy Business Description

Other Exchanges 532894:India
Address 114, Mahatma Gandhi Road, Kothari Buildings, 4th Floor, Nungambakkam, Chennai, TN, IND, 600034
Indowind Energy Ltd is an independent power producer in the renewable energy field generating green power through dedicated wind farms and also offering allied services in the wind energy sector. It offers the following services to various stakeholders in the power industry - green power sale, project management services, asset management services, and value addition services. The company generates its revenue from the sale of power.
66GF Score

Get the complete analysis for NSE:INDOWIND

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

₹9.49
Price
₹14.58
GF Value