Is Hindprakash Indu overvalued or undervalued?

As of 3 November 2025, the valuation grade for Hindprakash Indu has moved from fair to attractive, indicating a positive shift in its market perception. The company is currently assessed as undervalued, with a PE ratio of 98.00, an EV to EBITDA of 44.17, and a Price to Book Value of 3.01. These ratios suggest that while the company is priced at a premium, its valuation may not fully reflect its potential growth.
In comparison to its peers, Hindprakash Indu's PE ratio is lower than Sudarshan Chemical's 103.97 and Meghmani Organics' 106.4, both of which are considered expensive. Additionally, the PEG ratio of 8.44 indicates that the company may have significant growth potential relative to its earnings. Despite recent stock performance lagging behind the Sensex, with a 1-year return of -10.62% compared to the Sensex's 5.34%, the attractive valuation suggests that Hindprakash Indu may present a buying opportunity for investors looking for growth in the dyes and pigments industry.