Is Haryana Leather overvalued or undervalued?

As of 6 November 2025, the valuation grade for Haryana Leather has moved from very expensive to expensive. The company is currently considered overvalued. Key ratios include a PE ratio of 17.56, an EV to EBITDA of 9.69, and a Price to Book Value of 0.87. In comparison to its peers, Solar Industries has a significantly higher PE ratio of 96.43, while Godrej Industries, which is rated attractive, has a PE of 36.15.
Despite a recent stock return of 0.69% over the past week compared to a -1.30% return for the Sensex, Haryana Leather's year-to-date performance shows a decline of 11.18%, indicating a challenging market environment. Overall, the company's valuation metrics suggest it is not positioned favorably against its peers, reinforcing the conclusion of being overvalued.