Is Jaipan Industrie overvalued or undervalued?

As of 29 August 2025, Jaipan Industrie has moved from a fair to an expensive valuation grade. The company is currently considered overvalued based on its financial ratios, including a PE ratio of 20.13, an EV to EBIT of 25.76, and a PEG ratio of 0.20. These figures suggest that the stock is trading at a premium compared to its earnings growth potential.
In comparison to its peers, Jaipan's valuation appears high, especially when contrasted with PTC India, which has a much lower PE ratio of 8.35 and a more attractive EV to EBITDA of 4.44. Other peers like Lloyds Enterprises also exhibit higher valuations, with a PE ratio of 38.87, indicating that Jaipan is not only overvalued in its own right but also when viewed against its industry context. Furthermore, Jaipan's recent performance shows a year-to-date decline of 13.73%, while the Sensex has gained 2.14%, reinforcing the notion that the stock may not justify its current price level.