Is Haldyn Glass overvalued or undervalued?

As of 23 October 2025, Haldyn Glass has moved from a very attractive to an attractive valuation grade. The company is currently considered undervalued, with a PE ratio of 28.05, an EV to EBITDA of 11.20, and a Price to Book Value of 2.50. In comparison to its peers, Haldyn Glass's valuation metrics are significantly more favorable; for instance, Asahi India Glass has a PE ratio of 73.51 and an EV to EBITDA of 34.08, indicating a much higher valuation.
Despite the recent decline in stock performance, with a year-to-date return of -31.78% compared to the Sensex's 8.21%, Haldyn Glass's fundamentals suggest it is positioned well within its industry. The company's ROE stands at 8.77%, which, while modest, reflects a stable return on equity compared to its peers, many of which are deemed very expensive or risky. Overall, Haldyn Glass appears to be undervalued relative to its financial metrics and peer comparisons.