Is Ashapura Minech. overvalued or undervalued?

As of 14 November 2025, the valuation grade for Ashapura Minech. has moved from fair to expensive, indicating a shift in its perceived value. The company is currently considered overvalued based on its financial ratios, which include a PE ratio of 19.07, a Price to Book Value of 5.31, and an EV to EBITDA of 16.44. These figures suggest that the stock is trading at a premium compared to its underlying earnings and book value.
In comparison to its peers, Ashapura Minech. appears less attractive; for instance, Coal India, which is rated very attractive, has a PE ratio of 7.65 and an EV to EBITDA of 4.98. Meanwhile, NMDC is rated fair with a PE ratio of 9.58 and an EV to EBITDA of 6.92. The significant disparity in these ratios highlights Ashapura Minech.'s overvaluation relative to its competitors. Additionally, despite strong recent stock performance, including a year-to-date return of 78.28% compared to the Sensex's 8.22%, the valuation metrics suggest that investors may be overestimating future growth potential.