Is Grovy India overvalued or undervalued?

As of 14 November 2025, Grovy India has moved from an attractive to a very attractive valuation grade, indicating a significant improvement in its perceived value. The company is currently considered undervalued, with a PE ratio of 16.56, a Price to Book Value of 2.55, and an EV to EBITDA of 20.76. These ratios suggest that Grovy India is trading at a favorable price relative to its earnings and book value.
In comparison to its peers, Grovy India stands out with a PEG ratio of 0.04, while Bajaj Finance, which is deemed very expensive, has a PE ratio of 34.62 and a PEG of 1.88. Another peer, Life Insurance, is classified as very attractive with a PE of 11.25, further highlighting Grovy India's competitive positioning in the market. Despite recent underperformance against the Sensex, particularly in the 1Y period with a return of -47.41% compared to the Sensex's 9.00%, the valuation metrics suggest that Grovy India presents a compelling investment opportunity.