Is Kahan Packaging overvalued or undervalued?

As of 14 November 2025, Kahan Packaging's valuation grade has moved from expensive to fair, indicating a shift in its market perception. The company is currently fairly valued, with a PE ratio of 13.11, an EV to EBITDA of 8.46, and a ROCE of 11.90%. In comparison to its peers, Garware Hi Tech is considered very expensive with a PE ratio of 27.89, while Uflex is attractive at a PE of 12.32, suggesting that Kahan Packaging is positioned competitively within the industry.
Despite its fair valuation, Kahan Packaging has underperformed relative to the Sensex, with a year-to-date return of -37.17% compared to the Sensex's 8.22%. This underperformance may indicate potential market concerns that could affect future growth prospects, despite the current valuation metrics suggesting it is fairly priced.