Is Aztec Fluids overvalued or undervalued?

As of 28 August 2025, the valuation grade for Aztec Fluids has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 15.19, an EV to EBITDA of 14.27, and a ROE of 34.39%.
In comparison to its peers, Aztec Fluids' PE ratio is notably lower than that of Doms Industries, which stands at 71.41, and Flair Writing, which has a PE of 26.84, suggesting that while Aztec is relatively cheaper, it still falls into the very expensive category. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -15.76% compared to the Sensex's positive return of 2.48%. This further reinforces the notion that Aztec Fluids is overvalued in the current market context.