Welspun (NSE:WELCORP) E10: ₹33.68 (As of Jun. 2026)

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NSE:WELCORP Welspun Corp Ltd NSE:WELCORP
75 GF Score
Price ₹2,306.70
GF Value ₹919.67
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Welspun E10?

Welspun NSE:WELCORP -1.65% 75 E10 is ₹33.68 as of Jun. 2026. GuruFocus rates NSE:WELCORP with a GF Score™ of 75/100 and a GF Value™ of ₹919.67 (Significantly 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.

Welspun's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹39.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₹33.68 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Welspun's average E10 Growth Rate was 37.50% per year. During the past 3 years, the average E10 Growth Rate was 39.40% per year. During the past 5 years, the average E10 Growth Rate was 32.30% 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 Welspun was 39.40% per year. The lowest was 25.90% per year. And the median was 32.95% per year.

As of today (2026-08-27), Welspun's current stock price is ₹2306.70. Welspun's E10 for the quarter that ended in Jun. 2026 was ₹33.68. Welspun's Shiller PE Ratio of today is 68.49.

During the past 13 years, the highest Shiller PE Ratio of Welspun was 68.58. The lowest was 11.24. And the median was 29.17.


Welspun  (NSE:WELCORP) 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.

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

Shiller PE Ratio=Share Price/E10
=2306.70/33.68
=68.49

* 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 Welspun was 68.58. The lowest was 11.24. And the median was 29.17.


Be Aware

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


Welspun E10 Related Terms


Welspun E10 Historical Data

* Premium members only.

The historical data trend for Welspun'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.

Welspun E10 Chart

Welspun 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 8.90 10.71 15.46 22.81 29.04

Welspun 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 24.43 26.05 27.60 29.04 33.68

NSE:WELCORP vs NUE, STLD, RS: E10 Comparison

For the Steel subindustry, Welspun'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.


Welspun Shiller PE Ratio vs Steel Industry

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

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


NSE:WELCORP
75GF Score
Welspun Corp Ltd NSE:WELCORP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Welspun 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, Welspun'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)
=39.65/167.3573*167.3573
=39.650

Current CPI (Jun. 2026) = 167.3573.

Welspun Quarterly Data

per share eps CPI Adj_EPS
201609 -1.250 105.961 -1.974
201612 -0.150 105.196 -0.239
201703 2.770 105.196 4.407
201706 2.060 107.109 3.219
201709 1.580 109.021 2.425
201712 2.500 109.404 3.824
201803 -0.170 109.786 -0.259
201806 1.760 111.317 2.646
201809 2.210 115.142 3.212
201812 1.140 115.142 1.657
201903 -5.610 118.202 -7.943
201906 4.450 120.880 6.161
201909 5.850 123.175 7.948
201912 8.550 126.235 11.335
202003 5.040 124.705 6.764
202006 1.980 127.000 2.609
202009 5.710 130.118 7.344
202012 7.610 130.889 9.730
202103 14.040 131.771 17.832
202106 3.600 134.084 4.493
202109 2.400 135.847 2.957
202112 1.750 138.161 2.120
202203 9.020 138.822 10.874
202206 0.160 142.347 0.188
202209 -2.160 144.661 -2.499
202212 0.890 145.763 1.022
202303 9.010 146.865 10.267
202306 6.300 150.280 7.016
202309 14.670 151.492 16.206
202312 11.130 152.924 12.180
202403 10.220 153.035 11.177
202406 9.460 155.789 10.162
202409 10.940 157.882 11.597
202412 25.600 158.323 27.061
202503 26.500 157.552 28.149
202506 13.290 159.755 13.922
202509 16.680 162.289 17.201
202512 17.160 163.281 17.588
202603 14.040 164.272 14.304
202606 39.650 167.357 39.650

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 ₹33.68 mean?
Welspun (NSE:WELCORP) has a E10 of ₹33.68 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Welspun and its competitors.
Is Welspun's E10 too high?
Welspun's current E10 is ₹33.68. Overall, Welspun has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Welspun's E10 compare to NUE and STLD?
Welspun's E10 of ₹33.68 can be compared against companies in the Steel 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 Steel company?
A good E10 depends on the Steel 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 Welspun and its competitors. Welspun's current E10 is ₹33.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Welspun stock overvalued right now?
Based on GuruFocus' analysis, Welspun (NSE:WELCORP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹919.67, compared to a current price of ₹2,306.70 — trading 150.8% above its estimated fair value. The current E10 is ₹33.68. Welspun's overall GF Score™ is 75/100 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 Welspun (NSE:WELCORP), the current E10 is ₹33.68 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 Welspun (NSE:WELCORP) Overvalued in 2026?

Based on GuruFocus' analysis, Welspun stock appears to be overvalued. The current stock price of ₹2,306.70 is trading 150.8% above its estimated GF Value™ of ₹919.67. GuruFocus considers Welspun to be Significantly Overvalued.

Key valuation signals for NSE:WELCORP:

  • E10: ₹33.68
  • GF Value™: ₹919.67 vs. price of ₹2,306.70 (150.8% above fair value)
  • GF Score™: 75/100 with 5 warning signs

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


Welspun Business Description

Other Exchanges 532144:India
Address Senapati Bapat Marg, Kamala Mills Compound, Welspun House, 5th Floor, Lower Parel (West), Mumbai, MH, IND, 400013
Welspun Corp Ltd is an Indian company engaged in the Production and Coating of High-Grade Submerged Welded Pipes, Hot Rolled Steel Plates and Coils. The company's products include Helically welded pipes, longitudinally welded pipes, High-frequency electric welded pipes, Plates and Coils, Coating Systems, and other services including Pipe bending, Double jointing, Stack pile, and Inventory management. The Group's operations relate to the manufacturing of steel products and plastic products, and segments consist of Steel Products, which derives maximum revenue and others (including plastic products).
75GF Score

Get the complete analysis for NSE:WELCORP

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

₹2,306.70
Price
₹919.67
GF Value