Is Grasim Inds overvalued or undervalued?

As of 18 November 2025, Grasim Industries has seen its valuation grade change from very attractive to attractive, indicating a shift in market perception. The company is currently fairly valued based on its financial metrics. Key ratios include a PE Ratio of 43.05, an EV to EBITDA of 11.48, and a ROCE of 8.90%.
In comparison to its peers, Grasim's valuation appears more reasonable against UltraTech Cement, which is rated as very expensive with a PE of 47.03, and Ambuja Cements, rated as expensive with a PE of 23.89. While Grasim's recent stock performance has lagged behind the Sensex over the past week and month, it has outperformed the index year-to-date and over the longer term, suggesting a solid growth trajectory despite current valuation pressures.