Is Jain Irrigation overvalued or undervalued?

As of 18 September 2025, Jain Irrigation's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 119.72, an EV to EBITDA of 10.75, and a Price to Book Value of 0.72. Compared to peers, Krishival Foods is deemed very expensive with a PE of 77.6, while Indo US Bio-Tech is fairly valued with a PE of 15.99.
Despite Jain Irrigation's attractive valuation grade, its high PE ratio suggests that the stock may be overvalued relative to its earnings potential. Additionally, the company has underperformed the Sensex over the past year, with a return of -17.32% compared to the Sensex's slight gain of 0.08%. This underperformance further reinforces the notion that Jain Irrigation may not be a compelling investment at its current valuation.