Is Indian Toners overvalued or undervalued?

As of 14 November 2025, the valuation grade for Indian Toners has moved from attractive to very attractive. The company is currently assessed as undervalued, supported by a PE ratio of 10.45, an EV to EBITDA of 5.61, and a PEG ratio of 0.63. These metrics indicate that the company is trading at a significant discount compared to its peers in the specialty chemicals sector.
In comparison, Sudarshan Chemicals has a PE ratio of 134.12, while Meghmani Organics stands at 46.28, highlighting the relative undervaluation of Indian Toners. Additionally, the company's return on capital employed (ROCE) is a strong 22.21%, further reinforcing its attractiveness. Despite recent stock performance lagging behind the Sensex over the past year, the long-term growth of 100.42% over five years suggests robust potential for future appreciation.