Is I G Petrochems overvalued or undervalued?

As of 17 November 2025, the valuation grade for I G Petrochems has moved from very attractive to attractive. The company is currently considered overvalued. Key ratios include a PE ratio of 37.11, an EV to EBITDA of 11.88, and a Price to Book Value of 0.92. In comparison to peers, Godrej Industries has a PE of 37.63 and an EV to EBITDA of 40.96, while Solar Industries is significantly more expensive with a PE of 95.31 and an EV to EBITDA of 58.65.
Despite the attractive valuation grade, I G Petrochems has underperformed relative to the Sensex, with a year-to-date return of -29.79% compared to the Sensex's 8.72%. This underperformance, combined with its current ratios and peer comparisons, suggests that the stock may not provide sufficient value at its current price level.