Mahindra EPC Irrigation (NSE:MAHEPC) E10: ₹3.09 (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:MAHEPC Mahindra EPC Irrigation Ltd NSE:MAHEPC
74 GF Score
Price ₹111.46
GF Value ₹152.40
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Mahindra EPC Irrigation E10?

Mahindra EPC Irrigation NSE:MAHEPC -7.04% 74 E10 is ₹3.09 as of Jun. 2026. GuruFocus rates NSE:MAHEPC with a GF Score™ of 74/100 and a GF Value™ of ₹152.40 (Modestly 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.

Mahindra EPC Irrigation's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹-0.770. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹3.09 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Mahindra EPC Irrigation's average E10 Growth Rate was -2.80% per year. 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 -5.70% 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 Mahindra EPC Irrigation was 0.50% per year. The lowest was -12.10% per year. And the median was -5.90% per year.

As of today (2026-07-18), Mahindra EPC Irrigation's current stock price is ₹111.46. Mahindra EPC Irrigation's E10 for the quarter that ended in Jun. 2026 was ₹3.09. Mahindra EPC Irrigation's Shiller PE Ratio of today is 36.07.

During the past 13 years, the highest Shiller PE Ratio of Mahindra EPC Irrigation was 58.42. The lowest was 23.85. And the median was 36.92.


Mahindra EPC Irrigation  (NSE:MAHEPC) 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.

Mahindra EPC Irrigation's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=111.46/3.09
=36.07

* 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 Mahindra EPC Irrigation was 58.42. The lowest was 23.85. And the median was 36.92.


Be Aware

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


Mahindra EPC Irrigation E10 Related Terms


Mahindra EPC Irrigation E10 Historical Data

* Premium members only.

The historical data trend for Mahindra EPC Irrigation'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.

Mahindra EPC Irrigation E10 Chart

Mahindra EPC Irrigation 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 3.82 3.21 2.94 3.18 3.27

Mahindra EPC Irrigation 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 3.18 3.27 3.30 3.27 3.09

NSE:MAHEPC vs CAT, DE, PCAR: E10 Comparison

For the Farm & Heavy Construction Machinery subindustry, Mahindra EPC Irrigation'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.


Mahindra EPC Irrigation Shiller PE Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Mahindra EPC Irrigation's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Mahindra EPC Irrigation's Shiller PE Ratio falls into.


NSE:MAHEPC
74GF Score
Mahindra EPC Irrigation Ltd NSE:MAHEPC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mahindra EPC Irrigation 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, Mahindra EPC Irrigation'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)
=-0.77/166.1454*166.1454
=-0.770

Current CPI (Jun. 2026) = 166.1454.

Mahindra EPC Irrigation Quarterly Data

per share eps CPI Adj_EPS
201609 -0.410 105.961 -0.643
201612 1.870 105.196 2.953
201703 1.180 105.196 1.864
201706 1.030 107.109 1.598
201709 -1.810 109.021 -2.758
201712 0.940 109.404 1.428
201803 1.602 109.786 2.424
201806 0.520 111.317 0.776
201809 0.210 115.142 0.303
201812 1.420 115.142 2.049
201903 1.890 118.202 2.657
201906 0.760 120.880 1.045
201909 1.330 123.175 1.794
201912 2.740 126.235 3.606
202003 3.430 124.705 4.570
202006 1.110 127.000 1.452
202009 1.470 130.118 1.877
202012 2.760 130.889 3.503
202103 1.440 131.771 1.816
202106 -1.230 134.084 -1.524
202109 -0.370 135.847 -0.453
202112 -1.300 138.161 -1.563
202203 0.050 138.822 0.060
202206 -2.300 142.347 -2.685
202209 -2.960 144.661 -3.400
202212 -0.140 145.763 -0.160
202303 0.990 146.865 1.120
202306 -0.290 150.280 -0.321
202309 -0.240 151.492 -0.263
202312 0.600 152.924 0.652
202403 0.540 153.035 0.586
202406 -0.940 155.789 -1.002
202409 -0.990 157.882 -1.042
202412 2.270 158.323 2.382
202503 2.240 157.552 2.362
202506 0.350 159.755 0.364
202509 0.150 162.289 0.154
202512 2.320 163.281 2.361
202603 1.710 164.272 1.729
202606 -0.770 166.145 -0.770

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 ₹3.09 mean?
Mahindra EPC Irrigation (NSE:MAHEPC) has a E10 of ₹3.09 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Mahindra EPC Irrigation and its competitors.
Is Mahindra EPC Irrigation's E10 too high?
Mahindra EPC Irrigation's current E10 is ₹3.09. Overall, Mahindra EPC Irrigation has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mahindra EPC Irrigation's E10 compare to CAT and DE?
Mahindra EPC Irrigation's E10 of ₹3.09 can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good E10 depends on the Farm & Heavy Construction Machinery 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 Mahindra EPC Irrigation and its competitors. Mahindra EPC Irrigation's current E10 is ₹3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahindra EPC Irrigation stock overvalued right now?
Based on GuruFocus' analysis, Mahindra EPC Irrigation (NSE:MAHEPC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹152.40, compared to a current price of ₹111.46 — trading 26.9% below its estimated fair value. The current E10 is ₹3.09. Mahindra EPC Irrigation's overall GF Score™ is 74/100 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 Mahindra EPC Irrigation (NSE:MAHEPC), the current E10 is ₹3.09 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 Mahindra EPC Irrigation (NSE:MAHEPC) Overvalued in 2026?

Based on GuruFocus' analysis, Mahindra EPC Irrigation stock appears to be undervalued. The current stock price of ₹111.46 is trading 26.9% below its estimated GF Value™ of ₹152.40. GuruFocus considers Mahindra EPC Irrigation to be Modestly Undervalued.

Key valuation signals for NSE:MAHEPC:

  • E10: ₹3.09
  • GF Value™: ₹152.40 vs. price of ₹111.46 (26.9% below fair value)
  • GF Score™: 74/100 with 3 warning signs

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


Mahindra EPC Irrigation Business Description

Other Exchanges 523754:India
Address MIDC Ambad, Plot No. H-109, Nashik, MH, IND, 422 010
Mahindra EPC Irrigation Ltd is engaged in the business of Micro Irrigation Systems such as Drip and Sprinklers, Agricultural Pumps, Greenhouses, and Landscape Products. Its products offer Drip irrigation, Sprinkler Irrigation, Automation, HDPE COIL & PIPE, Protected cultivation, DIY Kit, Mulch Sheet, and Services. The group has one segment, which is Precision Farming Products and Services. It operates in Domestic and Overseas.
74GF Score

Get the complete analysis for NSE:MAHEPC

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

₹111.46
Price
₹152.40
GF Value