Is Goyal Aluminiums overvalued or undervalued?

As of 4 November 2025, Goyal Aluminiums has moved from a fair to an expensive valuation grade. The company is currently overvalued, with a PE ratio of 46.70, an EV to EBIT of 63.88, and an EV to EBITDA of 56.66. In comparison to its peers, Elitecon International is categorized as very expensive with a PE ratio of 373.69, while PTC India is very attractive with a significantly lower PE ratio of 7.95.
The high valuation ratios of Goyal Aluminiums, particularly the PE and EV multiples, indicate that the stock is priced well above its earnings and cash flow potential. This is further reinforced by the company's poor stock performance relative to the Sensex, with a year-to-date return of -30.39% compared to the Sensex's gain of 6.81%. Overall, the valuation metrics and peer comparisons suggest that Goyal Aluminiums is not a favorable investment at its current price.