Is Ashapura Minech. overvalued or undervalued?

As of 23 October 2025, the valuation grade for Ashapura Minech. has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued, with a PE ratio of 16.81, an EV to EBITDA ratio of 14.76, and a PEG ratio of 0.15, suggesting strong growth potential relative to its price. In comparison to its peers, Ashapura Minech. stands out against Coal India, which has a PE ratio of 7.3 and an EV to EBITDA of 4.72, and NMDC, which has a PE ratio of 9.97 and an EV to EBITDA of 7.17. Despite the recent decline in stock price, Ashapura Minech. has demonstrated impressive returns over the past year, outperforming the Sensex significantly with a return of 103.32% compared to the Sensex's 5.59%.