Is Cemindia Project overvalued or undervalued?

As of 31 October 2025, the valuation grade for Cemindia Project has moved from expensive to attractive, indicating a significant shift in its perceived value. The company is currently considered undervalued based on its financial ratios, with a PE ratio of 31.23, an EV to EBITDA of 16.83, and a Price to Book Value of 0.68. These metrics suggest that the stock is trading at a lower valuation compared to its earnings and book value.
In comparison to its peers, Cemindia's PE ratio is lower than that of Larsen & Toubro, which stands at 34.58, while its EV to EBITDA is more favorable than CG Power & Ind, which is at 71.37. This positions Cemindia Project as an attractive investment opportunity within the construction industry. Additionally, the company's strong performance relative to the Sensex, with a YTD return of 50.21% compared to the Sensex's 7.42%, reinforces the notion that it is undervalued and has significant growth potential.