Is Malpani Pipes overvalued or undervalued?

As of 13 November 2025, Malpani Pipes has moved from a fair to attractive valuation grade. The company is currently considered undervalued, with a PE ratio of 10.66, an EV to EBIT ratio of 8.70, and a ROCE of 17.45%. In comparison to its peers, Malpani Pipes stands out with a significantly lower PE ratio than Supreme Industries (57.45) and Astral (81.76), both classified as very expensive.
The valuation metrics indicate that Malpani Pipes is positioned favorably within its industry, especially when contrasted with peers like Finolex Industries, which has a PE ratio of 24.14 and is deemed fairly valued. Despite a slight decline in stock price over the past week, Malpani Pipes has shown a positive return over the past month, outperforming the Sensex during that period. Overall, the analysis suggests that Malpani Pipes presents a compelling investment opportunity given its attractive valuation relative to its peers.