Veljan Denison (NSE:VELJAN) E10: ₹0.00 (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:VELJAN Veljan Denison Ltd NSE:VELJAN
64 GF Score
Price ₹1,840.60
GF Value ₹1,313.81
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Veljan Denison E10?

Veljan Denison NSE:VELJAN +2.22% 64 E10 is ₹0.00 as of Jun. 2026. GuruFocus rates NSE:VELJAN with a GF Score™ of 64/100 and a GF Value™ of ₹1,313.81 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

Veljan Denison's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹17.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹0.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Veljan Denison's average E10 Growth Rate was 6.40% per year. During the past 3 years, the average E10 Growth Rate was 6.70% per year. During the past 5 years, the average E10 Growth Rate was 6.20% 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 Veljan Denison was 6.70% per year. The lowest was 6.00% per year. And the median was 6.50% per year.

As of today (2026-08-21), Veljan Denison's current stock price is ₹1840.60. Veljan Denison's E10 for the quarter that ended in Jun. 2026 was ₹0.00. Veljan Denison's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Veljan Denison was 48.61. The lowest was 10.18. And the median was 21.42.


Veljan Denison  (NSE:VELJAN) 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 Veljan Denison was 48.61. The lowest was 10.18. And the median was 21.42.


Be Aware

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


Veljan Denison E10 Related Terms


Veljan Denison E10 Historical Data

* Premium members only.

The historical data trend for Veljan Denison'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.

Veljan Denison E10 Chart

Veljan Denison 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 0.00

Veljan Denison 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 0.00 0.00 0.00 0.00 0.00

NSE:VELJAN vs : E10 Comparison

For the Specialty Industrial Machinery subindustry, Veljan Denison'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.


Veljan Denison Shiller PE Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Veljan Denison's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Veljan Denison's Shiller PE Ratio falls into.


NSE:VELJAN
64GF Score
Veljan Denison Ltd NSE:VELJAN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Veljan Denison 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, Veljan Denison'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)
=17.06/333.9520*333.9520
=17.060

Current CPI (Jun. 2026) = 333.9520.

Veljan Denison Quarterly Data

per share eps CPI Adj_EPS
201609 7.755 241.428 10.727
201612 6.265 241.432 8.666
201703 10.125 243.801 13.869
201706 6.135 244.955 8.364
201709 7.595 246.819 10.276
201712 7.870 246.524 10.661
201803 14.575 249.554 19.504
201806 3.625 251.989 4.804
201809 7.995 252.439 10.577
201812 12.225 251.233 16.250
201903 12.450 254.202 16.356
201906 4.755 256.143 6.199
201909 7.145 256.759 9.293
201912 8.415 256.974 10.936
202003 9.540 258.115 12.343
202006 -1.530 257.797 -1.982
202009 4.765 260.280 6.114
202012 3.835 260.474 4.917
202103 8.163 264.877 10.292
202106 3.690 271.696 4.536
202109 11.210 274.310 13.647
202112 11.485 278.802 13.757
202203 11.115 287.504 12.911
202206 10.115 296.311 11.400
202209 11.510 296.808 12.950
202212 8.615 296.797 9.693
202303 5.370 301.836 5.941
202306 13.180 305.109 14.426
202309 10.430 307.789 11.317
202312 12.520 306.746 13.630
202403 12.920 312.332 13.814
202406 11.310 314.175 12.022
202409 13.440 315.301 14.235
202412 14.570 315.605 15.417
202503 13.390 319.799 13.983
202506 16.300 322.561 16.876
202509 14.790 324.800 15.207
202512 11.240 324.054 11.583
202603 15.090 330.213 15.261
202606 17.060 333.952 17.060

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 ₹0.00 mean?
Veljan Denison (NSE:VELJAN) has a E10 of ₹0.00 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Veljan Denison and its competitors.
Is Veljan Denison's E10 too high?
Veljan Denison's current E10 is ₹0.00. Overall, Veljan Denison has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veljan Denison's E10 compare to ?
Veljan Denison's E10 of ₹0.00 can be compared against companies in the Industrial 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 an Industrial Products company?
A good E10 depends on the Industrial 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 Veljan Denison and its competitors. Veljan Denison's current E10 is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veljan Denison stock overvalued right now?
Based on GuruFocus' analysis, Veljan Denison (NSE:VELJAN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,313.81, compared to a current price of ₹1,840.60 — trading 40.1% above its estimated fair value. The current E10 is ₹0.00. Veljan Denison's overall GF Score™ is 64/100 with 7 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 Veljan Denison (NSE:VELJAN), the current E10 is ₹0.00 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 Veljan Denison (NSE:VELJAN) Overvalued in 2026?

Based on GuruFocus' analysis, Veljan Denison stock appears to be overvalued. The current stock price of ₹1,840.60 is trading 40.1% above its estimated GF Value™ of ₹1,313.81. GuruFocus considers Veljan Denison to be Significantly Overvalued.

Key valuation signals for NSE:VELJAN:

  • E10: ₹0.00
  • GF Value™: ₹1,313.81 vs. price of ₹1,840.60 (40.1% above fair value)
  • GF Score™: 64/100 with 7 warning signs

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


Veljan Denison Business Description

Comparable Companies
Other Exchanges 505232:India
Address HCL Towers, Chikoti Gardens, Plot No. 44, 4th Floor, Begumpet, Hyderabad, TG, IND, 500016
Veljan Denison Ltd is an Indian-based company involved in diversified industry business sector. The company manufactures pumps, motors, valves, and custom-built power packs. It operates in one segment namely, Hydraulic equipment. Some of its products include Single Gear Pumps; Double Gear Pumps; Triple Gear Pumps; Bearing Pumps; Truck Pumps; Rig Pumps; Vane Motors; Pressure Controls; Seat Valves; Double Vane Pumps; HT Series; HG Series; Manifolds; Steering Gear System; Fin Stabilizer System and others. Majority of the revenue is generated from the sale of Pumps, Motors, Valves, and Spares.
64GF Score

Get the complete analysis for NSE:VELJAN

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

₹1,840.60
Price
₹1,313.81
GF Value