Is Incredible Indus overvalued or undervalued?

As of 1 October 2025, the valuation grade for Incredible Indus has moved from attractive to very attractive. This indicates a positive shift in the company's perceived value. Based on the analysis, Incredible Indus is currently undervalued. The company has a PE ratio of 15.24, an EV to EBITDA of 9.73, and a PEG ratio of 0.11, which are all favorable indicators of its valuation relative to its earnings growth potential.
In comparison to its peers, Incredible Indus stands out with a significantly lower PE ratio than JSW Steel at 54.74 and Tata Steel at 43.09, both of which are considered fair and attractive, respectively. Additionally, the company's EV to EBITDA is more competitive than Jindal Steel's 12.52 and Lloyds Metals' 32.28, which are categorized as fair and very expensive, respectively. Notably, Incredible Indus has outperformed the Sensex in the past week and month, reinforcing its attractiveness as an investment opportunity.