Is Axel Polymers overvalued or undervalued?

As of 31 October 2025, Axel Polymers' valuation grade has moved from attractive to fair. The company is currently fairly valued based on its financial metrics, with a PE ratio of 62.63, an EV to EBITDA ratio of 16.43, and a ROCE of 7.14%. In comparison to its peers, Finolex Industries, which is also fairly valued, has a significantly lower PE ratio of 29.37, while Supreme Industries and Astral are considered very expensive with PE ratios of 57.1 and 80.07, respectively.
Despite the recent stock performance showing a 4% increase over the past week, Axel Polymers has underperformed the Sensex over the last month and year, with declines of 7.61% and 16.63%, respectively. This trend suggests that while the company may be fairly valued, its growth prospects may not be as robust as those of its peers, indicating a cautious outlook for investors.