Is Anjani Foods overvalued or undervalued?

As of 23 September 2025, the valuation grade for Anjani Foods has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered overvalued, given its high PE ratio of 49.64 and a Price to Book Value of 4.48, which are significantly above industry norms. Additionally, the EV to EBITDA ratio stands at 17.84, further supporting this valuation stance.
In comparison to its peers, Anjani Foods’ PE ratio is lower than Hindustan Unilever's 55.64 and Nestle India's 74.77, both categorized as very expensive. Despite this, the company's ratios suggest it is still on the higher end of the valuation spectrum within the FMCG sector. Recent stock performance shows a decline of 31.33% year-to-date, contrasting with a 5.07% increase in the Sensex, reinforcing the notion that Anjani Foods may be overvalued relative to its market performance.