Is Mahalaxmi Rubtec overvalued or undervalued?

As of 10 November 2025, the valuation grade for Mahalaxmi Rubtec has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 24.17, an EV to EBITDA of 11.53, and a PEG ratio of 0.37. In comparison to its peers, K P R Mill Ltd is considered very expensive with a PE ratio of 42.57, while Vardhman Textile is attractive with a PE ratio of 15.
Despite the recent valuation adjustment, Mahalaxmi Rubtec's performance has shown notable resilience, particularly over the past year with a return of 32.53%, significantly outperforming the Sensex's 5.09% return. However, its year-to-date performance has been disappointing, with a decline of 15.54% compared to the Sensex's gain of 6.91%. Overall, while the company is currently fairly valued, its mixed performance relative to the market and peers suggests a cautious outlook.