Is Manaksia Alumi. overvalued or undervalued?

As of 1 October 2025, the valuation grade for Manaksia Aluminium has moved from attractive to very attractive, indicating a strong positive shift in its perceived value. The company is currently assessed as undervalued. Key ratios include a PE ratio of 30.10, an EV to EBITDA of 9.35, and a PEG ratio of 0.64, which suggests that the stock is priced favorably relative to its growth potential.
In comparison to its peers, Manaksia Aluminium's PE ratio is significantly higher than Vedanta's 13.77, which is also rated very attractive, while Hindustan Zinc is deemed very expensive at a PE of 19.73. The EV to EBITDA ratio of 9.35 is competitive when compared to Vedanta's 5.58, reinforcing the notion of Manaksia's strong valuation. Notably, the company's stock has outperformed the Sensex over the past three years, with a return of 49.29% compared to the Sensex's 41.02%, further supporting the undervaluation thesis.