Is Indian Toners overvalued or undervalued?

As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently considered undervalued, with a PE ratio of 10.45, an EV to EBITDA ratio of 5.61, and a PEG ratio of 0.63, all of which suggest that the stock is trading at a discount compared to its earnings growth potential.
In comparison to its peers, Indian Toners stands out with a significantly lower PE ratio than Sudarshan Chemicals at 134.12 and Kiri Industries at 25.97, both of which are considered overvalued. Additionally, the company's ROCE of 22.21% and ROE of 12.25% further underscore its operational efficiency relative to the industry. Despite recent underperformance against the Sensex, with a year-to-date return of -10.22% compared to the index's 8.22%, the fundamentals suggest that Indian Toners offers substantial upside potential for investors.