Is Aztec Fluids overvalued or undervalued?

As of 17 November 2025, the valuation grade for Aztec Fluids has moved from very attractive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued based on its financial ratios, with a PE ratio of 21.16, an EV to EBITDA of 20.16, and a price to book value of 2.90.
In comparison to its peers, Aztec Fluids' valuation metrics appear less favorable; for instance, Doms Industries has a much higher PE ratio of 73.48, while Flair Writing, which is rated fair, has a PE of 25.39. The recent stock performance shows Aztec Fluids outperforming the Sensex over the past year with a return of 25.96% compared to the Sensex's 9.50%, but this does not mitigate the fact that the company is currently overvalued in the market.