Is Mahindra EPC overvalued or undervalued?

As of 7 November 2025, the valuation grade for Mahindra EPC has moved from very attractive to attractive. Based on the analysis, the company appears to be fairly valued. Key ratios include a PE ratio of 27.34, an EV to EBITDA of 31.29, and a PEG ratio of 0.04, indicating a relatively low growth expectation compared to its earnings potential.
In comparison with peers, Mahindra EPC's PE ratio is lower than that of Supreme Industries at 57.38 and Astral at 82.12, both of which are deemed very expensive. Finolex Industries, which is rated fair, has a PE ratio of 28.95, suggesting that Mahindra EPC is competitively positioned within its industry. Notably, while Mahindra EPC has outperformed the Sensex year-to-date with a return of 19.79% compared to the Sensex's 6.50%, its recent performance over the past month shows a decline of 7.18%, indicating potential short-term volatility.