Is Gravita India overvalued or undervalued?

As of 3 November 2025, Gravita India has moved from a fair valuation to an expensive one. The company is currently overvalued, with a PE ratio of 36.79, an EV to EBITDA ratio of 33.86, and a Price to Book Value of 6.44. These figures indicate that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Gravita India’s valuation appears significantly higher than Hindustan Zinc, which has a PE ratio of 19.22, and Vedanta, which boasts a much lower PE of 14.89. The disparity in these ratios suggests that Gravita India may not justify its current price level within the context of its industry. Additionally, while the stock has shown strong returns over the past 3 and 5 years, it has underperformed relative to the Sensex year-to-date and over the past year, reinforcing the notion that it may be overvalued at this time.