Is Manaksia overvalued or undervalued?

As of 1 October 2025, the valuation grade for Manaksia has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued, supported by a PE ratio of 7.92, an EV to EBIT of 2.65, and an EV to EBITDA of 2.37. These ratios suggest that Manaksia is trading at a discount compared to its peers, such as Hindalco Industries with a PE of 9.95 and National Aluminium with a PE of 6.88.
In the context of its performance, Manaksia's return on capital employed (ROCE) stands at a robust 19.55%, while its return on equity (ROE) is 10.54%. Despite recent stock performance lagging behind the Sensex, with a year-to-date decline of 18.91% compared to a 3.64% gain for the index, the attractive valuation metrics and the favorable peer comparison reinforce the conclusion that Manaksia is undervalued in the current market.