Is Excel Industries overvalued or undervalued?

As of 8 August 2025, Excel Industries has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued based on its financial ratios, which include a PE ratio of 17.27, a Price to Book Value of 0.93, and an EV to EBITDA of 10.54. These figures suggest that the stock is trading at a discount relative to its earnings and asset value.
In comparison to its peers, Excel Industries stands out favorably. For instance, P I Industries has a significantly higher PE ratio of 35.78, while UPL's PE ratio is 34.42, indicating that Excel is more reasonably priced. Additionally, the PEG ratio of Excel at 0.04 further supports the undervaluation thesis, especially when compared to peers like BASF India, which is considered very expensive with a PEG ratio of 0. The recent stock performance has lagged behind the Sensex, with a year-to-date return of -8.61% compared to the Sensex's 2.20%, reinforcing the notion that the stock may be undervalued in the current market environment.