Is IFGL Refractori. overvalued or undervalued?

As of 24 July 2025, the valuation grade for IFGL Refractories has moved from expensive to fair, indicating a more balanced assessment of its market position. The company is currently fairly valued based on its financial metrics, with a PE ratio of 42.85, an EV to EBITDA of 14.75, and a Price to Book Value of 1.66. These ratios suggest that while the company is not undervalued, it is also not excessively priced compared to its peers.
In comparison to its industry peers, IFGL Refractories has a PE ratio that is slightly higher than Vesuvius India, which is at 41.74, but lower than RHI Magnesita's 51.85. The EV to EBITDA ratio of 14.75 for IFGL is more favorable than Vesuvius India's significantly higher ratio of 30.30. Despite a recent decline in stock price, IFGL has shown strong long-term performance, with a 5-year return of 318.51%, outperforming the Sensex's 115.54% over the same period. Overall, IFGL Refractories appears to be fairly valued in the current market landscape.