Is Haryana Leather overvalued or undervalued?

As of 7 November 2025, the valuation grade for Haryana Leather has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 17.64, an EV to EBITDA of 9.75, and a Price to Book Value of 0.88, which suggest that the stock is priced at a premium compared to its earnings and book value.
In comparison to its peers, Haryana Leather's PE ratio of 17.64 is notably lower than that of Solar Industries at 97.45 and Gujarat Fluoroch at 63.86, both of which are also classified as very expensive. However, when compared to Godrej Industries, which is rated attractive with a PE of 35.95, Haryana Leather's valuation appears less favorable. The company's recent stock performance has lagged behind the Sensex, particularly over the past year, where it has returned -18.83% compared to the Sensex's 4.62%, reinforcing the notion that it is overvalued in the current market context.