Is Aluwind Infra overvalued or undervalued?

As of 26 August 2025, Aluwind Infra's valuation grade has moved from very expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 25.34, an EV to EBITDA of 18.01, and a ROE of 33.05%. In comparison to peers, Hindalco Industries has a significantly lower PE of 9.14 and a more attractive EV to EBITDA of 6.24, while National Aluminium also shows strong metrics with a PE of 5.95 and an EV to EBITDA of 3.70.
Despite being fairly valued, Aluwind Infra's performance has outpaced the Sensex, with a year-to-date return of 42.76% compared to the Sensex's 4.51%. This strong performance, combined with its solid financial ratios, suggests that while the stock is not undervalued, it is positioned well within the market context.