Is Balaji Amines overvalued or undervalued?

As of 4 August 2025, Balaji Amines has moved from expensive to very expensive in its valuation grade. The company is currently considered overvalued. Key ratios include a PE ratio of 33.28, an EV to EBITDA of 21.40, and a Price to Book Value of 2.75.
In comparison to peers, Balaji Amines' PE ratio is significantly lower than Solar Industries at 107.88 and Gujarat Fluoroch at 70.49, both of which are also categorized as very expensive. However, it is notably higher than Godrej Industries, which is rated attractive with a PE of 38.35. The recent stock performance has been disappointing, with a one-year return of -35.91%, contrasting sharply with the Sensex's return of just 0.05%, further reinforcing the overvaluation narrative.