Is Manaksia Coated overvalued or undervalued?

As of 28 October 2025, the valuation grade for Manaksia Coated has moved from very expensive to attractive, indicating a significant shift in its perceived value. The company is currently considered undervalued based on its financial metrics, with a PE ratio of 46.25, an EV to EBITDA ratio of 23.67, and a PEG ratio of 0.48. These figures suggest that the stock may be trading at a discount relative to its earnings growth potential.
In comparison to its peers, Manaksia Coated's valuation appears favorable. For instance, Rail Vikas has a PE ratio of 57.48 and an EV to EBITDA of 70.27, while Ircon International, which is also rated attractive, has a PE of 23.73 and an EV to EBITDA of 18.84. Notably, Manaksia Coated's recent stock performance has outpaced the Sensex, with a 1-year return of 179.02% compared to the Sensex's 5.78%, reinforcing the narrative that the company is undervalued in the current market.