Is HLE Glascoat overvalued or undervalued?

As of 7 July 2025, HLE Glascoat's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its market position. The company is currently fairly valued based on its financial metrics, with a PE ratio of 64.74, an EV to EBITDA of 24.23, and a PEG ratio of 2.61.
In comparison to its peers, HLE Glascoat's PE ratio is slightly lower than Thermax's 64.71 but significantly higher than Praj Industries' fair valuation with a PE of 46.45. The company's return on capital employed (ROCE) stands at 13.19%, which is reasonable in the context of its industry. Notably, while HLE Glascoat has experienced a decline in stock price over the past year, it has outperformed the Sensex year-to-date, suggesting potential for recovery.