Is Ecoplast overvalued or undervalued?

As of 31 October 2025, Ecoplast's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its stock. The company is currently fairly valued, with a PE ratio of 22.60, an EV to EBITDA of 12.48, and a ROCE of 19.60%. In comparison to its peers, Garware Hi Tech is considered expensive with a PE of 24.36, while AGI Greenpac is very attractive at a PE of 15.06.
Ecoplast's valuation appears justified given its competitive position within the industry, particularly when compared to TCPL Packaging, which also holds a fair valuation with a PE of 22.54. Despite recent underperformance relative to the Sensex, particularly year-to-date with a decline of 24.64% compared to the Sensex's gain of 7.42%, the company's fundamentals suggest it is not overvalued at current levels.