Is Inani Marbles overvalued or undervalued?

As of 6 November 2025, the valuation grade for Inani Marbles has moved from attractive to fair. The company appears to be overvalued based on its current financial metrics. Key ratios include a PE ratio of -49.52, an EV to EBITDA of 18.95, and a Price to Book Value of 0.68, which indicate significant challenges in profitability and valuation compared to its peers.
Inani Marbles' performance is notably weaker than its competitors, such as Coal India, which has a PE ratio of 7.37, and NMDC, with a PE ratio of 9.15. The negative ROE of -1.38% and ROCE of -3.10% further highlight the company's struggles. Additionally, while Inani Marbles has experienced a slight increase in stock price over the past week, it has underperformed the Sensex significantly over the longer term, with a year-to-date decline of 22.75% compared to a 6.62% gain in the Sensex.