Is Inani Marbles overvalued or undervalued?

As of 1 October 2025, the valuation grade for Inani Marbles has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued, especially when analyzing its key financial ratios. The PE ratio stands at 35.49, while the EV to EBITDA ratio is 15.99, and the Price to Book Value is notably low at 0.66, suggesting that the stock may be trading below its intrinsic value.
Inani Marbles' valuation can be further contextualized by comparing it to its peers. For instance, Coal India, which is rated very attractive, has a PE ratio of 7.23 and an EV to EBITDA of 4.67, while NMDC, rated fair, has a PE of 10.24 and an EV to EBITDA of 7.38. These comparisons highlight that Inani Marbles, despite its attractive rating, has a significantly higher PE ratio, which may indicate a premium valuation relative to its peers. Additionally, while the stock has underperformed in the year-to-date and one-year periods compared to the Sensex, its recent performance over the past week shows a positive return of 3.30%, contrasting with the Sensex's decline.