Is KCP overvalued or undervalued?

As of 14 November 2025, KCP's valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 14.91, an EV to EBITDA ratio of 6.28, and a Price to Book Value of 1.49. In comparison to its peers, KCP's valuation metrics appear reasonable, especially when contrasted with UltraTech Cement, which is very expensive at a PE of 47.72, and Grasim Industries, which is very attractive at a PE of 43.32.
KCP's recent stock performance has lagged behind the Sensex, with a year-to-date return of -18.35% compared to the Sensex's 8.22%. This underperformance, along with its current ratios, suggests that while KCP is fairly valued, it may not present an attractive investment opportunity at this time, especially given the high valuations of some of its peers in the cement industry.