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 assessed as undervalued. Key ratios include a Price to Earnings (PE) ratio of 31.23, an EV to EBITDA ratio of 16.83, and a Price to Book Value of 0.68, all of which suggest a favorable valuation compared to its peers.
In comparison, Larsen & Toubro, another player in the construction industry, has a higher PE ratio of 34.58 and an EV to EBITDA of 18.56, highlighting that Cemindia Project may offer better value at its current price. Additionally, Afcons Infrastructure, which is also rated attractive, shows a lower PE of 28.12, further supporting the notion that Cemindia Project is undervalued relative to its peers. Notably, Cemindia Project has outperformed the Sensex significantly over the past three years, with a return of 570.09% compared to the Sensex's 38.18%, reinforcing its attractive valuation.