Is Goodluck India overvalued or undervalued?

As of 4 July 2025, Goodluck India has moved from a fair to an attractive valuation grade, indicating a positive shift in its market perception. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 22.79, an EV to EBITDA of 14.77, and a ROE of 12.57%.
In comparison to peers, Goodluck India has a PE ratio that is lower than Jindal Steel's 23.98 but higher than SAIL's 21.1, suggesting it is competitively positioned within the industry. Notably, while JSW Steel and Tata Steel are both rated fair, they exhibit significantly higher PE ratios of 67.37 and 53.73, respectively. This further supports the view that Goodluck India is undervalued relative to its peers. Additionally, the company's strong performance with a 1Y return of 20.55% compared to the Sensex's 4.23% reinforces its attractive valuation narrative.