Is Hindprakash Indu overvalued or undervalued?

As of 14 November 2025, the valuation grade for Hindprakash Indu has moved from attractive to fair. The company is currently fairly valued, with a PE ratio of 105.34, an EV to EBITDA of 47.06, and a ROE of 3.07%. In comparison, Sudarshan Chem, also fairly valued, has a PE ratio of 134.12, while Meghmani Organics, rated as attractive, has a significantly lower PE of 46.28, indicating that Hindprakash Indu's valuation is relatively high compared to its peers.
Despite the recent price increase to 142.00, the company's stock performance has lagged behind the Sensex, with a year-to-date return of 3.27% compared to 8.22% for the index. This underperformance, along with its high valuation ratios, suggests that while the company is fairly valued, it may not present an attractive investment opportunity at this time.