Is India Pesticides overvalued or undervalued?

As of 22 September 2025, the valuation grade for India Pesticides has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 26.66, an EV to EBITDA of 18.86, and a PEG ratio of 0.49, indicating a reasonable valuation compared to its earnings growth potential.
In comparison to its peers, India Pesticides stands out with a PE ratio lower than UPL, which has a PE of 38.29, and P I Industries, which is at 34.51, both categorized as expensive. Additionally, Rallis India, another peer, is also fairly valued with a PE of 37.42. Notably, India Pesticides has outperformed the Sensex over the past year, with a stock return of 7.94% compared to a -2.82% return for the index, reinforcing its relative strength in the market.