Is Kahan Packaging overvalued or undervalued?

As of 23 October 2025, Kahan Packaging's valuation grade has moved from risky to expensive, indicating a shift in its perceived financial health. The company is currently considered overvalued based on its key financial ratios, which include a PE ratio of 14.09, an EV to EBITDA of 9.05, and a Price to Book Value of 1.60. These figures suggest that the stock is priced higher relative to its earnings and book value compared to its peers.
In comparison to its competitors, Kahan Packaging's PE ratio is significantly lower than that of Garware Hi Tech, which stands at 24.72, but higher than AGI Greenpac's 15.16. Additionally, Kahan's EV to EBITDA ratio of 9.05 is more favorable than Garware's 17.18 but less attractive than AGI Greenpac's 8.93. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -32.52% compared to the Sensex's gain of 8.21%, reinforcing the notion that Kahan Packaging may be overvalued in the current market environment.