Is Eveready Inds. overvalued or undervalued?

As of 17 September 2025, the valuation grade for Eveready Industries has moved from attractive to fair. This indicates a shift in perception regarding its market value, suggesting that it may be fairly valued at present. The company exhibits a PE ratio of 35.40, an EV to EBIT of 27.30, and a ROE of 18.00%.
In comparison to its peers, Eveready’s valuation appears moderate; for instance, Exide Industries is deemed very expensive with a PE of 42, while Amara Raja Energy is considered attractive with a PE of 24.18. Given these metrics and the recent performance, where Eveready has underperformed the Sensex over the past year with a return of -6.71% compared to -0.46% for the index, it suggests that the stock is fairly valued in the current market context.