Is Ceigall India overvalued or undervalued?

As of 22 September 2025, Ceigall India has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 18.18, an EV to EBITDA of 10.81, and a ROCE of 21.14%. In comparison to its peers, DLF has a significantly higher PE ratio of 39.97, while Lodha Developers stands at 40.83, indicating that Ceigall India is more reasonably priced relative to these competitors.
Despite the fair valuation, Ceigall India's stock has underperformed on a year-to-date basis, with a return of -18.26% compared to the Sensex's 5.15%. This underperformance, coupled with a PEG ratio of 0.00, suggests that the market may not be fully recognizing the company's potential growth. Overall, while Ceigall India is fairly valued, its relative performance and growth indicators warrant a cautious outlook.