Is Haryana Leather overvalued or undervalued?

As of 15 October 2025, the valuation grade for Haryana Leather has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios and peer comparisons. Key ratios include a PE Ratio of 17.74, an EV to EBITDA of 9.82, and a Price to Book Value of 0.88, which indicate that the stock is trading at a premium compared to its intrinsic value.
In comparison to its peers, Haryana Leather's PE Ratio is significantly lower than that of Solar Industries at 100.5 and Gujarat Fluoroch at 63.76, both categorized as very expensive. Additionally, while Godrej Industries is rated attractive with a PE of 35.72, Haryana Leather's lower return on equity (ROE) of 4.98% and return on capital employed (ROCE) of 6.14% further highlight its overvaluation. Recent performance shows that Haryana Leather has underperformed against the Sensex, particularly in the past year with a return of -28.62% compared to the Sensex's 0.96%.