Is Goodluck India overvalued or undervalued?

As of 7 July 2025, Goodluck India has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a PE ratio of 23.69, an EV to EBITDA ratio of 15.25, and a PEG ratio of 1.22. In comparison to its peers, Jindal Steel, which is rated attractive, has a PE ratio of 24.02, while Tata Steel, rated fair, has a significantly higher PE ratio of 53.53.
Goodluck India's financial metrics suggest it is positioned similarly to its peers, but it does not exhibit the same growth potential as Jindal Steel, which may justify its higher valuation. The company's recent stock performance has outpaced the Sensex, with a year-to-date return of 26.27% compared to the Sensex's 6.79%, indicating strong market confidence despite the current fair valuation.