Primo Chemicals (NSE:PRIMO) E10: ₹2.08 (As of Mar. 2026)


NSE:PRIMO Primo Chemicals Ltd NSE:PRIMO
56 GF Score
Price ₹24.11
GF Value ₹46.19
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Primo Chemicals E10?

Primo Chemicals NSE:PRIMO -1.39% 56 E10 is ₹2.08 as of Mar. 2026. GuruFocus rates NSE:PRIMO with a GF Score™ of 56/100 and a GF Value™ of ₹46.19 (Significantly Undervalued). The stock has 5 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.

Primo Chemicals's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹0.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹2.08 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Primo Chemicals's average E10 Growth Rate was 21.40% per year. During the past 3 years, the average E10 Growth Rate was 15.60% 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 Primo Chemicals was 32.70% per year. The lowest was 15.60% per year. And the median was 24.15% per year.

As of today (2026-07-07), Primo Chemicals's current stock price is ₹24.11. Primo Chemicals's E10 for the quarter that ended in Mar. 2026 was ₹2.08. Primo Chemicals's Shiller PE Ratio of today is 11.59.

During the past 13 years, the highest Shiller PE Ratio of Primo Chemicals was 181.12. The lowest was 8.33. And the median was 29.63.


Primo Chemicals  (NSE:PRIMO) 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.

Primo Chemicals's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.11/2.08
=11.59

* 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 Primo Chemicals was 181.12. The lowest was 8.33. And the median was 29.63.


Be Aware

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


Primo Chemicals E10 Related Terms


Primo Chemicals E10 Historical Data

* Premium members only.

The historical data trend for Primo Chemicals'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.

Primo Chemicals E10 Chart

Primo Chemicals 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 0.00 2.08

Primo Chemicals 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 0.00 1.79 1.97 2.06 2.08

NSE:PRIMO vs DOW: E10 Comparison

For the Chemicals subindustry, Primo Chemicals'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.


Primo Chemicals Shiller PE Ratio vs Chemicals Industry

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

* The bar in red indicates where Primo Chemicals's Shiller PE Ratio falls into.


NSE:PRIMO
56GF Score
Primo Chemicals Ltd NSE:PRIMO
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Primo Chemicals 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, Primo Chemicals'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)
=0.25/164.2724*164.2724
=0.250

Current CPI (Mar. 2026) = 164.2724.

Primo Chemicals Quarterly Data

per share eps CPI Adj_EPS
201606 -0.118 105.961 -0.183
201609 -1.228 105.961 -1.904
201612 -0.376 105.196 -0.587
201703 -0.558 105.196 -0.871
201706 -0.228 107.109 -0.350
201709 0.060 109.021 0.090
201712 -0.082 109.404 -0.123
201803 -0.106 109.786 -0.159
201806 2.050 111.317 3.025
201809 0.358 115.142 0.511
201812 0.248 115.142 0.354
201903 1.460 118.202 2.029
201906 0.880 120.880 1.196
201909 -0.100 123.175 -0.133
201912 -0.004 126.235 -0.005
202003 -0.130 124.705 -0.171
202006 -0.246 127.000 -0.318
202009 0.252 130.118 0.318
202012 0.264 130.889 0.331
202103 0.324 131.771 0.404
202106 0.482 134.084 0.591
202109 -1.574 135.847 -1.903
202112 8.860 138.161 10.534
202203 1.842 138.822 2.180
202206 1.980 142.347 2.285
202209 1.720 144.661 1.953
202212 1.240 145.763 1.397
202303 0.730 146.865 0.817
202306 -0.180 150.280 -0.197
202309 -0.530 151.492 -0.575
202312 -0.630 152.924 -0.677
202403 0.290 153.035 0.311
202406 -0.460 155.789 -0.485
202409 0.530 157.882 0.551
202412 0.090 158.323 0.093
202503 -0.010 157.552 -0.010
202506 0.170 159.755 0.175
202509 0.170 162.289 0.172
202512 0.040 163.281 0.040
202603 0.250 164.272 0.250

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 ₹2.08 mean?
Primo Chemicals (NSE:PRIMO) has a E10 of ₹2.08 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Primo Chemicals and its competitors.
Is Primo Chemicals' E10 too high?
Primo Chemicals' current E10 is ₹2.08. Overall, Primo Chemicals has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Primo Chemicals' E10 compare to DOW?
Primo Chemicals' E10 of ₹2.08 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 Primo Chemicals and its competitors. Primo Chemicals's current E10 is ₹2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primo Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Primo Chemicals (NSE:PRIMO) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹46.19, compared to a current price of ₹24.11 — trading 47.8% below its estimated fair value. The current E10 is ₹2.08. Primo Chemicals' overall GF Score™ is 56/100 with 5 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 Primo Chemicals (NSE:PRIMO), the current E10 is ₹2.08 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 Primo Chemicals (NSE:PRIMO) Overvalued in 2026?

Based on GuruFocus' analysis, Primo Chemicals stock appears to be undervalued. The current stock price of ₹24.11 is trading 47.8% below its estimated GF Value™ of ₹46.19. GuruFocus considers Primo Chemicals to be Significantly Undervalued.

Key valuation signals for NSE:PRIMO:

  • E10: ₹2.08
  • GF Value™: ₹46.19 vs. price of ₹24.11 (47.8% below fair value)
  • GF Score™: 56/100 with 5 warning signs

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


Primo Chemicals Business Description

Other Exchanges 506852:India
Address Bay No. 46-50, Sector- 31A, Chandigarh, IND, 160030
Primo Chemicals Ltd is engaged in the manufacturing of chemicals. Its product portfolio includes Caustic Soda Lye and its by-products are Hydrochloric Acid, Liquid Chlorine, Sodium Hypochlorite, and Hydrogen gas. The company generates revenue from the sale of goods and trading sales.
56GF Score

Get the complete analysis for NSE:PRIMO

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

₹24.11
Price
₹46.19
GF Value