Is Dalmia Bharat overvalued or undervalued?

As of 16 September 2025, Dalmia Bharat's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 11.01, an EV to EBITDA of 7.59, and a PEG ratio of 0.25, which suggest that while the company is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its industry peers, Dalmia Bharat's PE ratio is notably lower than EID Parry's 24.77 and Balrampur Chini's 24.95, which are both considered fair but much higher than Dalmia's. The company's recent stock performance has lagged behind the Sensex, particularly over the past year, where it has returned -22.99% compared to the Sensex's -0.73%. Overall, Dalmia Bharat is positioned fairly within its market, reflecting a balanced valuation against its competitors.