Is I G Petrochems overvalued or undervalued?

As of 4 November 2025, the valuation grade for I G Petrochems has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 38.85, an EV to EBITDA of 12.34, and a Price to Book Value of 0.10. These ratios suggest that while the company has a high earnings multiple, its asset valuation remains significantly low compared to its market price.
In comparison to peers, I G Petrochems' PE ratio is lower than Solar Industries at 97.69 and Gujarat Fluoroch at 64.64, both of which are considered very expensive. However, it is slightly higher than Godrej Industries, which has a PE of 36.97 and is rated attractive. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -26.51% compared to the Sensex's 6.81%, reinforcing the notion that the stock may not be capturing its intrinsic value effectively at this time.