Kalyani Forge (NSE:KALYANIFRG) E10: ₹ (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:KALYANIFRG Kalyani Forge Ltd NSE:KALYANIFRG
58 GF Score
Price ₹975.25
GF Value ₹585.52
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Kalyani Forge E10?

Kalyani Forge NSE:KALYANIFRG -3.96% 58 E10 is ₹ as of Jun. 2026. GuruFocus rates NSE:KALYANIFRG with a GF Score™ of 58/100 and a GF Value™ of ₹585.52 (Significantly Overvalued). The stock has 8 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.

Kalyani Forge's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹12.313. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, Kalyani Forge's average E10 Growth Rate was 34.90% per year. During the past 3 years, the average E10 Growth Rate was 22.20% per year. During the past 5 years, the average E10 Growth Rate was 0.90% 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 Kalyani Forge was 22.20% per year. The lowest was -17.30% per year. And the median was -4.00% per year.

As of today (2026-09-20), Kalyani Forge's current stock price is ₹975.25. Kalyani Forge's E10 for the quarter that ended in Jun. 2026 was . Kalyani Forge's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Kalyani Forge was 116.65. The lowest was 13.64. And the median was 50.92.


Kalyani Forge  (NSE:KALYANIFRG) 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.

During the past 13 years, the highest Shiller P/E Ratio of Kalyani Forge was 116.65. The lowest was 13.64. And the median was 50.92.


Be Aware

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


Kalyani Forge E10 Related Terms


Kalyani Forge E10 Historical Data

* Premium members only.

The historical data trend for Kalyani Forge'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.

Kalyani Forge E10 Chart

Kalyani Forge 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 - - - - -

Kalyani Forge 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 - - - - -

NSE:KALYANIFRG vs ORLY, AZO, GPC: E10 Comparison

For the Auto Parts subindustry, Kalyani Forge'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.


Kalyani Forge Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kalyani Forge's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Kalyani Forge's Shiller PE Ratio falls into.


NSE:KALYANIFRG
58GF Score
Kalyani Forge Ltd NSE:KALYANIFRG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kalyani Forge 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, Kalyani Forge'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)
=12.3134/167.3573*167.3573
=12.313

Current CPI (Jun. 2026) = 167.3573.

Kalyani Forge Quarterly Data

per share eps CPI Adj_EPS
201609 4.740 105.961 7.486
201612 4.530 105.196 7.207
201703 -2.120 105.196 -3.373
201706 1.370 107.109 2.141
201709 3.480 109.021 5.342
201712 2.170 109.404 3.319
201803 11.020 109.786 16.799
201806 3.846 111.317 5.783
201809 6.377 115.142 9.269
201812 5.275 115.142 7.667
201903 3.683 118.202 5.215
201906 1.374 120.880 1.903
201909 1.072 123.175 1.457
201912 -7.284 126.235 -9.657
202003 -14.211 124.705 -19.072
202006 -4.618 127.000 -6.085
202009 -6.295 130.118 -8.096
202012 7.064 130.889 9.033
202103 -0.990 131.771 -1.257
202106 2.199 134.084 2.745
202109 2.996 135.847 3.691
202112 1.319 138.161 1.598
202203 2.102 138.822 2.534
202206 3.169 142.347 3.726
202209 -2.966 144.661 -3.432
202212 7.626 145.763 8.755
202303 -8.334 146.865 -9.497
202306 2.835 150.280 3.157
202309 3.576 151.492 3.951
202312 4.158 152.924 4.550
202403 1.938 153.035 2.120
202406 0.956 155.789 1.026
202409 10.782 157.882 11.429
202412 4.998 158.323 5.283
202503 6.120 157.552 6.501
202506 3.866 159.755 4.050
202509 5.910 162.289 6.095
202512 -0.327 163.281 -0.335
202603 16.153 164.272 16.457
202606 12.313 167.357 12.313

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 ₹ mean?
Kalyani Forge (NSE:KALYANIFRG) has a E10 of ₹ as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Kalyani Forge and its competitors.
Is Kalyani Forge's E10 too high?
Kalyani Forge's current E10 is ₹. Overall, Kalyani Forge has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kalyani Forge's E10 compare to ORLY and AZO?
Kalyani Forge's E10 of ₹ can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts 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 Kalyani Forge and its competitors. Kalyani Forge's current E10 is ₹. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyani Forge stock overvalued right now?
Based on GuruFocus' analysis, Kalyani Forge (NSE:KALYANIFRG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹585.52, compared to a current price of ₹975.25 — trading 66.6% above its estimated fair value. The current E10 is ₹. Kalyani Forge's overall GF Score™ is 58/100 with 8 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 Kalyani Forge (NSE:KALYANIFRG), the current E10 is ₹ 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 Kalyani Forge (NSE:KALYANIFRG) Overvalued in 2026?

Based on GuruFocus' analysis, Kalyani Forge stock appears to be overvalued. The current stock price of ₹975.25 is trading 66.6% above its estimated GF Value™ of ₹585.52. GuruFocus considers Kalyani Forge to be Significantly Overvalued.

Key valuation signals for NSE:KALYANIFRG:

  • E10:
  • GF Value™: ₹585.52 vs. price of ₹975.25 (66.6% above fair value)
  • GF Score™: 58/100 with 8 warning signs

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


Kalyani Forge Business Description

Other Exchanges 513509:India
Address Shangrila Gardens, 1st Floor, C Wing, Opposite Bund Garden, Pune, MH, IND, 411 001
Kalyani Forge Ltd is an engineering company. The company is engaged in providing forged, machined components and assembled products. It serves industries such as automotive, construction, mining, infrastructure, power, marine, railways, agriculture and other industries. The company's product includes Engine Parts, Chassis System, Turbocharger, Transmission, Driveline, and Steering and Suspension. It services include Hot Forging, Cold and Warm Forging, Precision Machining and Finishing, Heat Treatment, Die Manufacturing, and others.
58GF Score

Get the complete analysis for NSE:KALYANIFRG

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

₹975.25
Price
₹585.52
GF Value