Tamil Nadu Newsprint & Papers (NSE:TNPL) E10: ₹21.57 (As of Mar. 2026)


NSE:TNPL Tamil Nadu Newsprint & Papers Ltd NSE:TNPL
72 GF Score
Price ₹144.99
GF Value ₹183.57
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Tamil Nadu Newsprint & Papers E10?

Tamil Nadu Newsprint & Papers NSE:TNPL -0.54% 72 E10 is ₹21.57 as of Mar. 2026. GuruFocus rates NSE:TNPL with a GF Score™ of 72/100 and a GF Value™ of ₹183.57 (Modestly Undervalued). The stock has 6 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.

Tamil Nadu Newsprint & Papers's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹34.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹21.57 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Tamil Nadu Newsprint & Papers's average E10 Growth Rate was -6.50% per year. During the past 3 years, the average E10 Growth Rate was -6.00% per year. During the past 5 years, the average E10 Growth Rate was -0.30% 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 Tamil Nadu Newsprint & Papers was 4.30% per year. The lowest was -6.00% per year. And the median was -0.50% per year.

As of today (2026-06-28), Tamil Nadu Newsprint & Papers's current stock price is ₹144.99. Tamil Nadu Newsprint & Papers's E10 for the quarter that ended in Mar. 2026 was ₹21.57. Tamil Nadu Newsprint & Papers's Shiller PE Ratio of today is 6.72.

During the past 13 years, the highest Shiller PE Ratio of Tamil Nadu Newsprint & Papers was 11.67. The lowest was 3.29. And the median was 6.97.


Tamil Nadu Newsprint & Papers  (NSE:TNPL) 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.

Tamil Nadu Newsprint & Papers's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=144.99/21.57
=6.72

* 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 Tamil Nadu Newsprint & Papers was 11.67. The lowest was 3.29. And the median was 6.97.


Be Aware

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


Tamil Nadu Newsprint & Papers E10 Related Terms


Tamil Nadu Newsprint & Papers E10 Historical Data

* Premium members only.

The historical data trend for Tamil Nadu Newsprint & Papers'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.

Tamil Nadu Newsprint & Papers E10 Chart

Tamil Nadu Newsprint & Papers 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 21.36 26.02 26.25 23.14 21.57

Tamil Nadu Newsprint & Papers 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 23.14 22.16 21.27 20.47 21.57

Tamil Nadu Newsprint & Papers E10 Competitor Comparison

For the Paper & Paper Products subindustry, Tamil Nadu Newsprint & Papers'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.


Tamil Nadu Newsprint & Papers Shiller PE Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Tamil Nadu Newsprint & Papers's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tamil Nadu Newsprint & Papers's Shiller PE Ratio falls into.


NSE:TNPL
72GF Score
Tamil Nadu Newsprint & Papers Ltd NSE:TNPL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tamil Nadu Newsprint & Papers 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, Tamil Nadu Newsprint & Papers'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)
=34.72/164.2724*164.2724
=34.720

Current CPI (Mar. 2026) = 164.2724.

Tamil Nadu Newsprint & Papers Quarterly Data

per share eps CPI Adj_EPS
201606 9.160 105.961 14.201
201609 10.200 105.961 15.813
201612 8.820 105.196 13.773
201703 9.160 105.196 14.304
201706 -12.880 107.109 -19.754
201709 -1.910 109.021 -2.878
201712 3.920 109.404 5.886
201803 4.780 109.786 7.152
201806 3.570 111.317 5.268
201809 0.940 115.142 1.341
201812 7.180 115.142 10.244
201903 1.950 118.202 2.710
201906 11.140 120.880 15.139
201909 3.120 123.175 4.161
201912 4.260 126.235 5.544
202003 0.270 124.705 0.356
202006 -2.890 127.000 -3.738
202009 -1.380 130.118 -1.742
202012 -4.570 130.889 -5.736
202103 -0.570 131.771 -0.711
202106 -1.990 134.084 -2.438
202109 0.690 135.847 0.834
202112 0.130 138.161 0.155
202203 3.240 138.822 3.834
202206 8.730 142.347 10.075
202209 16.140 144.661 18.328
202212 16.310 145.763 18.381
202303 14.860 146.865 16.621
202306 18.590 150.280 20.321
202309 4.380 151.492 4.750
202312 2.340 152.924 2.514
202403 4.770 153.035 5.120
202406 3.170 155.789 3.343
202409 0.370 157.882 0.385
202412 -6.200 158.323 -6.433
202503 3.200 157.552 3.337
202506 -1.070 159.755 -1.100
202509 1.170 162.289 1.184
202512 0.980 163.281 0.986
202603 34.720 164.272 34.720

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 ₹21.57 mean?
Tamil Nadu Newsprint & Papers (NSE:TNPL) has a E10 of ₹21.57 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Tamil Nadu Newsprint & Papers and its competitors.
Is Tamil Nadu Newsprint & Papers' E10 too high?
Tamil Nadu Newsprint & Papers' current E10 is ₹21.57. Overall, Tamil Nadu Newsprint & Papers has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tamil Nadu Newsprint & Papers' E10 compare to competitors?
Tamil Nadu Newsprint & Papers' E10 of ₹21.57 can be compared against companies in the Forest Products 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 Forest Products company?
A good E10 depends on the Forest Products 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 Tamil Nadu Newsprint & Papers and its competitors. Tamil Nadu Newsprint & Papers's current E10 is ₹21.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamil Nadu Newsprint & Papers stock overvalued right now?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers (NSE:TNPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹183.57, compared to a current price of ₹144.99 — trading 21% below its estimated fair value. The current E10 is ₹21.57. Tamil Nadu Newsprint & Papers' overall GF Score™ is 72/100 with 6 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 Tamil Nadu Newsprint & Papers (NSE:TNPL), the current E10 is ₹21.57 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 Tamil Nadu Newsprint & Papers (NSE:TNPL) Overvalued in 2026?

Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers stock appears to be undervalued. The current stock price of ₹144.99 is trading 21% below its estimated GF Value™ of ₹183.57. GuruFocus considers Tamil Nadu Newsprint & Papers to be Modestly Undervalued.

Key valuation signals for NSE:TNPL:

  • E10: ₹21.57
  • GF Value™: ₹183.57 vs. price of ₹144.99 (21% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Tamil Nadu Newsprint & Papers Business Description

Other Exchanges 531426:India
Address 67, Mount Road, Guindy, Chennai, TN, IND, 600 032
Tamil Nadu Newsprint & Papers Ltd is engaged in the business of printing and writing paper. It operates in two segments Paper & Paper Board and Energy. Paper & Paper Board is involved in the Manufacturing and selling of Paper and Paper boards, and the Energy involved in the Generation of Power through TGs and Windmills for captive consumption and for export of power. Its products include Paper, Packaging Board, Cement, and Marketing Network.
72GF Score

Get the complete analysis for NSE:TNPL

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

₹144.99
Price
₹183.57
GF Value