Is DIC India overvalued or undervalued?

As of 14 November 2025, the valuation grade for DIC India has moved from expensive to fair. The company appears to be fairly valued at this time, with a PE ratio of 24.11, an EV to EBITDA ratio of 11.54, and a PEG ratio of 0.32, indicating potential growth relative to its price.
In comparison to its peers, DIC India’s PE ratio is significantly lower than that of Solar Industries, which has a PE of 95.17, and Gujarat Fluoroch, at 57.32, both of which are considered very expensive. In contrast, Godrej Industries, which is rated attractive, has a PE of 37.36. Despite recent underperformance against the Sensex, with a year-to-date return of -23.35% compared to the Sensex's 8.22%, the current valuation suggests that DIC India is positioned more favorably than many of its peers.