Is C J Gelatine overvalued or undervalued?

As of 19 November 2025, C J Gelatine's valuation grade has moved from attractive to fair, indicating a shift in market perception. The company is currently fairly valued, with a PE ratio of 64.38, an EV to EBITDA of 15.01, and a ROE of 2.87%. In comparison to its peers, Solar Industries has a much higher PE ratio of 94.38, while Godrej Industries, rated attractive, has a significantly lower PE of 37.28.
Despite the fair valuation, C J Gelatine has underperformed relative to the Sensex, with a year-to-date return of -38.69% compared to the Sensex's gain of 9.02%. This underperformance, alongside its high valuation ratios, suggests that while the company is not overvalued, it may face challenges in justifying its current price levels in the near term.