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 market perception. The company is currently assessed as fairly valued. Key ratios include a PE Ratio of 27.34, an EV to EBITDA of 31.29, and a Price to Book Value of 0.22, which suggest that while the company is not excessively priced, it is also not a bargain compared to its peers.
In terms of peer comparison, Mahindra EPC's PE Ratio is lower than that of Supreme Industries, which is very expensive at 57.38, and Astral, also very expensive at 82.12. In contrast, Finolex Industries, which is rated fair, has a PE Ratio of 28.95, indicating that Mahindra EPC is competitively priced within its sector. Notably, Mahindra EPC has outperformed the Sensex year-to-date with a return of 19.79% compared to the Sensex's 6.50%, reflecting a positive market sentiment despite recent declines.