Is Ashish Polyplast overvalued or undervalued?

As of 30 October 2025, Ashish Polyplast's valuation grade 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 39.86, an EV to EBIT of 11.96, and a Price to Book Value of 1.78. In comparison to its peers, Finolex Industries, which is also fairly valued, has a significantly lower PE ratio of 29.7, while Supreme Industries is categorized as very expensive with a PE ratio of 56.92.
Despite the recent decline in stock price, with a year-to-date return of -34.81% compared to the Sensex's 8.02%, Ashish Polyplast's valuation metrics suggest it is positioned more attractively within its sector. The company's ROCE stands at 2.98% and ROE at 4.47%, which, while modest, reflect its operational efficiency relative to peers. Overall, Ashish Polyplast appears to be fairly valued in the current market context.