Is India Pesticides overvalued or undervalued?

As of 3 July 2025, the valuation grade for India Pesticides has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 29.72, an EV to EBITDA of 20.24, and a PEG ratio of 0.77. In comparison to its peers, P I Industries is considered very expensive with a PE ratio of 38.75, while UPL is very attractive with a PE ratio of 41.22, indicating that India Pesticides is positioned more favorably within the industry.
Despite a recent decline in stock price, the company has shown a year-to-date return of 18.58%, outperforming the Sensex's return of 6.53% during the same period. With a ROCE of 11.95% and a ROE of 9.26%, India Pesticides demonstrates solid profitability metrics relative to its peers, reinforcing its fair valuation status in the current market environment.