Is Mahindra EPC overvalued or undervalued?

As of 7 November 2025, Mahindra EPC's valuation grade has moved from very attractive to attractive, indicating a shift in perceived value. The company is currently assessed as undervalued, particularly when considering its PE ratio of 27.34, EV to EBITDA of 31.29, and a PEG ratio of 0.04, which suggests strong growth potential relative to its price.
In comparison to its peers, Mahindra EPC's valuation appears favorable; for instance, Finolex Industries has a PE ratio of 28.95 and is considered fair, while Supreme Industries and Astral are classified as very expensive with PE ratios of 57.38 and 82.12, respectively. Despite recent stock performance showing a decline of 4.96% over the past week against a 0.86% drop in the Sensex, Mahindra EPC has outperformed the index on a year-to-date basis with a return of 19.79% compared to the Sensex's 6.50%. This performance, coupled with its attractive valuation metrics, reinforces the conclusion that Mahindra EPC is undervalued in the current market.