Is Command Polymers overvalued or undervalued?

As of 14 October 2025, the valuation grade for Command Polymers has moved from risky to fair. Based on the current analysis, the company appears to be fairly valued. Key ratios include a PE Ratio of 52.33, an EV to EBITDA of 20.60, and a PEG Ratio of 0.41, which suggests that while the company has a high earnings multiple, its growth potential may justify this valuation.
In comparison to peers, Command Polymers' PE Ratio is lower than that of Supreme Industries at 59.45 and Astral at 78.55, both of which are considered very expensive. On the other hand, Finolex Industries, which is also rated fair, has a significantly lower PE Ratio of 29.76. The stock has underperformed relative to the Sensex, particularly year-to-date, where it has declined by 28.96% compared to a 4.98% increase in the index. This underperformance, coupled with its fair valuation, indicates that while the stock may not be a bargain, it is not excessively priced in the current market context.