Is Gravita India overvalued or undervalued?

As of 29 August 2025, Gravita India has moved from an expensive to a fair valuation grade. The company appears to be fairly valued based on its current metrics, with a PE ratio of 35.28, an EV to EBITDA ratio of 33.59, and a PEG ratio of 1.45. In comparison to peers, Hindustan Zinc is considered very expensive with a PE of 17.19, while Vedanta is rated very attractive with a PE of 12.46, highlighting the relative positioning of Gravita India within its industry.
Despite the fair valuation, Gravita India has experienced significant stock underperformance compared to the Sensex, with a year-to-date return of -26.22% against the Sensex's positive return of 2.14%. This discrepancy may suggest that while the stock is fairly valued, market sentiment may be weighing heavily on its performance. Overall, Gravita India is currently assessed as fairly valued in the context of its financial ratios and peer comparisons.