Is Axel Polymers overvalued or undervalued?

As of 3 November 2025, Axel Polymers has moved from a fair to an attractive valuation grade, indicating a positive shift in its perceived value. The company is currently considered undervalued, supported by a PE ratio of 57.73, an EV to EBITDA ratio of 15.69, and a PEG ratio of 2.53. In comparison to its peers, Finolex Industries, which is rated as fair, has a significantly lower PE ratio of 29.41, while Supreme Industries and Astral are categorized as very expensive with PE ratios of 58.8 and 81.9, respectively.
Despite the attractive valuation, Axel Polymers has experienced a decline in stock performance, with a year-to-date return of -12.53%, contrasting with the Sensex's gain of 7.47% over the same period. This underperformance, combined with its strong valuation metrics, reinforces the conclusion that Axel Polymers is currently undervalued in the market.