Is Agni Green overvalued or undervalued?

As of 8 September 2025, Agni Green's valuation grade has moved from very expensive to expensive, indicating a slight improvement in its perceived value. Despite this change, the company remains overvalued, primarily due to its high PE ratio of 63.59 and an EV to EBITDA ratio of 26.53, which significantly exceed those of its peers. The PEG ratio of 0.97 suggests that the stock is priced reasonably relative to its growth, but the overall metrics still reflect a premium valuation.
In comparison to its peers, NTPC, which is rated attractive, has a PE ratio of 13.22 and an EV to EBITDA of 10.54, highlighting a stark contrast in valuation. Additionally, Tata Power Co. is also rated attractive with a PE of 29.67 and an EV to EBITDA of 12.06. Agni Green's recent stock performance shows a 58.78% return over the past month, significantly outpacing the Sensex's 1.68%, yet its year-to-date performance remains negative at -17.49%, further underscoring its overvaluation in the current market context.