Is Madhav Copper overvalued or undervalued?

As of 13 June 2025, the valuation grade for Madhav Copper has moved from very expensive to expensive. The company is currently assessed as overvalued. Key ratios include a PE Ratio of 33.56, an EV to EBITDA of 27.68, and a Price to Book Value of 3.84. In comparison to peers, Hindustan Zinc has a PE Ratio of 20.87 and an EV to EBITDA of 12.59, while Vedanta shows a more attractive PE of 13.15 and an EV to EBITDA of 5.51.
Despite a strong one-year stock return of 55.73% compared to the Sensex's 5.64%, the underlying financial metrics indicate that Madhav Copper's valuation does not align favorably with its peers, suggesting that it is overvalued in the current market context.