Is Ashapura Minech. overvalued or undervalued?

As of 13 November 2025, the valuation grade for Ashapura Minech. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 17.94, an EV to EBITDA of 15.60, and a PEG Ratio of 0.16, indicating strong growth potential relative to its price.
In comparison with peers, Ashapura Minech. has a higher PE Ratio than Coal India, which stands at 7.56, and NMDC at 9.68, both of which are considered fairly valued. Additionally, Ashapura's ROE of 23.82% suggests efficient use of equity, particularly when compared to GMDC, which is deemed very expensive with a PE Ratio of 28.18. Notably, Ashapura Minech. has outperformed the Sensex significantly over the past year, with a stock return of 171.17% compared to the Sensex's 8.74%, reinforcing its valuation as fairly positioned in the market.