Is Ecoplast overvalued or undervalued?

As of 28 October 2025, Ecoplast's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued based on its financial metrics, with a PE ratio of 22.57, an EV to EBITDA of 12.46, and a ROCE of 19.60%.
In comparison to its peers, Ecoplast's PE ratio aligns closely with TCPL Packaging, which also holds a fair valuation at 22.52, while Garware Hi Tech is deemed expensive with a PE of 24.96. Notably, AGI Greenpac stands out as very attractive with a significantly lower PE of 15.19, highlighting potential undervaluation in comparison. Despite recent underperformance against the Sensex, with a year-to-date return of -24.71% versus the Sensex's 8.30%, the current valuation suggests that Ecoplast may be positioned for recovery, given its improved grade and competitive ratios.