Is Ashapura Logi. overvalued or undervalued?

As of 26 August 2025, the valuation grade for Ashapura Logistics has moved from attractive to fair. The company is currently fairly valued, with a PE ratio of 7.57, an EV to EBITDA of 4.70, and a ROCE of 20.09%. In comparison to peers, Container Corporation, which is considered very expensive, has a PE ratio of 30.47, while Transport Corporation, rated fair, has a PE of 20.11.
Despite the fair valuation, Ashapura's stock has underperformed significantly, with a year-to-date return of -24.56%, contrasting with a positive Sensex return of 4.51%. This suggests that while the company is not overvalued, its recent performance raises concerns about its future growth potential.