Vadilal Industries (NSE:VADILALIND) E10: ₹114.42 (As of Mar. 2026)


NSE:VADILALIND Vadilal Industries Ltd NSE:VADILALIND
87 GF Score
Price ₹6,288.40
GF Value ₹5,346.20
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Vadilal Industries E10?

Vadilal Industries NSE:VADILALIND -1.18% 87 E10 is ₹114.42 as of Mar. 2026. GuruFocus rates NSE:VADILALIND with a GF Score™ of 87/100 and a GF Value™ of ₹5,346.20 (Modestly Overvalued). 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.

Vadilal Industries's adjusted earnings per share data for the three months ended in Mar. 2026 was ₹76.320. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹114.42 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Vadilal Industries's average E10 Growth Rate was 24.60% per year. During the past 3 years, the average E10 Growth Rate was 29.40% 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 Vadilal Industries was 29.40% per year. The lowest was 29.40% per year. And the median was 29.40% per year.

As of today (2026-07-01), Vadilal Industries's current stock price is ₹6288.40. Vadilal Industries's E10 for the quarter that ended in Mar. 2026 was ₹114.42. Vadilal Industries's Shiller PE Ratio of today is 54.96.

During the past 13 years, the highest Shiller PE Ratio of Vadilal Industries was 74.35. The lowest was 32.49. And the median was 48.18.


Vadilal Industries  (NSE:VADILALIND) 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.

Vadilal Industries's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6288.40/114.42
=54.96

* 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 Vadilal Industries was 74.35. The lowest was 32.49. And the median was 48.18.


Be Aware

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


Vadilal Industries E10 Related Terms


Vadilal Industries E10 Historical Data

* Premium members only.

The historical data trend for Vadilal Industries'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.

Vadilal Industries E10 Chart

Vadilal Industries 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 52.68 71.75 91.81 114.42

Vadilal Industries 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 91.81 104.24 108.09 0.00 114.42

NSE:VADILALIND vs KHC, GIS: E10 Comparison

For the Packaged Foods subindustry, Vadilal Industries'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.


Vadilal Industries Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vadilal Industries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Vadilal Industries's Shiller PE Ratio falls into.


NSE:VADILALIND
87GF Score
Vadilal Industries Ltd NSE:VADILALIND
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vadilal Industries 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, Vadilal Industries'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)
=76.32/164.2724*164.2724
=76.320

Current CPI (Mar. 2026) = 164.2724.

Vadilal Industries Quarterly Data

per share eps CPI Adj_EPS
201606 32.920 105.961 51.036
201609 6.800 105.961 10.542
201612 -4.690 105.196 -7.324
201703 -8.590 105.196 -13.414
201706 34.430 107.109 52.805
201709 -0.710 109.021 -1.070
201712 -13.060 109.404 -19.610
201803 1.130 109.786 1.691
201806 45.000 111.317 66.408
201809 13.890 115.142 19.817
201812 -3.540 115.142 -5.051
201903 -8.940 118.202 -12.424
201906 52.410 120.880 71.224
201909 31.720 123.175 42.303
201912 -7.030 126.235 -9.148
202003 -19.530 124.705 -25.727
202006 -15.860 127.000 -20.515
202009 0.950 130.118 1.199
202012 -1.660 130.889 -2.083
202103 23.010 131.771 28.686
202106 17.670 134.084 21.648
202109 17.670 135.847 21.367
202112 -3.330 138.161 -3.959
202203 30.180 138.822 35.713
202206 68.810 142.347 79.408
202209 38.030 144.661 43.186
202212 -12.920 145.763 -14.561
202303 40.080 146.865 44.831
202306 98.790 150.280 107.988
202309 52.940 151.492 57.406
202312 12.860 152.924 13.814
202403 38.460 153.035 41.284
202406 107.710 155.789 113.575
202409 54.230 157.882 56.425
202412 16.600 158.323 17.224
202503 30.610 157.552 31.916
202506 93.190 159.755 95.825
202509 46.500 162.289 47.068
202512 0.000 163.281 0.000
202603 76.320 164.272 76.320

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 ₹114.42 mean?
Vadilal Industries (NSE:VADILALIND) has a E10 of ₹114.42 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Vadilal Industries and its competitors.
Is Vadilal Industries' E10 too high?
Vadilal Industries' current E10 is ₹114.42. Overall, Vadilal Industries has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vadilal Industries' E10 compare to KHC and GIS?
Vadilal Industries' E10 of ₹114.42 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods 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 Vadilal Industries and its competitors. Vadilal Industries's current E10 is ₹114.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vadilal Industries stock overvalued right now?
Based on GuruFocus' analysis, Vadilal Industries (NSE:VADILALIND) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹5,346.20, compared to a current price of ₹6,288.40 — trading 17.6% above its estimated fair value. The current E10 is ₹114.42. Vadilal Industries' overall GF Score™ is 87/100 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 Vadilal Industries (NSE:VADILALIND), the current E10 is ₹114.42 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 Vadilal Industries (NSE:VADILALIND) Overvalued in 2026?

Based on GuruFocus' analysis, Vadilal Industries stock appears to be overvalued. The current stock price of ₹6,288.40 is trading 17.6% above its estimated GF Value™ of ₹5,346.20. GuruFocus considers Vadilal Industries to be Modestly Overvalued.

Key valuation signals for NSE:VADILALIND:

  • E10: ₹114.42
  • GF Value™: ₹5,346.20 vs. price of ₹6,288.40 (17.6% above fair value)
  • GF Score™: 87/100 with 5 warning signs

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


Vadilal Industries Business Description

Other Exchanges 519156:India
Address South Block, Bopal Ambli Road, 2nd Floor, Punishka House, Next to One 42, Opposite Jayantilal Park BRTS stop, Ahmedabad, GJ, IND, 380058
Vadilal Industries Ltd is engaged in the business of manufacturing ice cream, flavored milk, frozen desserts, processed foods, and other dairy products. The company is also engaged in the export of ice cream, dairy products, processed food products such as frozen fruits, vegetables, pulp, ready-to-eat, and ready-to-serve products etc. It is exporting its products to various countries across the globe.
87GF Score

Get the complete analysis for NSE:VADILALIND

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

₹6,288.40
Price
₹5,346.20
GF Value