Is Kanoria Energy overvalued or undervalued?

As of 24 September 2025, the valuation grade for Kanoria Energy has moved from attractive to very attractive, indicating a significant positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 191.91, an EV to EBITDA of 21.63, and a Price to Book Value of 2.05, which suggest that the stock may be trading at a premium compared to its earnings and book value.
In comparison with its peers, Kanoria Energy's PE ratio is notably higher than that of UltraTech Cement at 51.98 and Grasim Industries at 44.95, both of which are classified as attractive or very expensive. Additionally, while Kanoria Energy's PEG ratio stands at 0.00, indicating no growth expectations priced into the stock, ACC, another very attractive peer, has a PEG of 0.91. Despite Kanoria's recent stock performance lagging behind the Sensex over the past year, it has shown resilience with a 1-week return of 2.32%, contrasting with the Sensex's decline.