Is Apollo Pipes overvalued or undervalued?

As of 17 October 2025, the valuation grade for Apollo Pipes has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 47.01, a Price to Book Value of 1.94, and an EV to EBITDA ratio of 15.56. In comparison to its peers, Finolex Industries has a PE ratio of 29.85 and an EV to EBITDA of 27.39, while Supreme Industries is considered very expensive with a PE of 60.2 and an EV to EBITDA of 38.65.
Despite the recent stock performance showing a decline of 39.27% over the past year compared to a 3.64% gain in the Sensex, the valuation metrics indicate that Apollo Pipes is positioned fairly within its industry. The PEG ratio stands at 0.00, suggesting that the stock may not be reflecting growth expectations, which could be a point of consideration for potential investors.