Is IFGL Refractori. overvalued or undervalued?

As of 20 June 2025, the valuation grade for IFGL Refractories has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 41.52, an EV to EBITDA ratio of 14.30, and a Price to Book Value of 1.61.
In comparison to its peers, IFGL Refractories has a lower PE ratio than Vesuvius India, which is at 44.2 and considered very expensive, and a higher EV to EBITDA ratio than RHI Magnesita, which stands at 21.65 and is also rated as fair. Despite recent underperformance with a 1-year stock return of -21.2% compared to the Sensex's 6.36%, the overall valuation suggests that IFGL Refractories is positioned reasonably within its industry.