Is Manaksia overvalued or undervalued?

As of 1 October 2025, the valuation grade for Manaksia has moved from fair to attractive, indicating a more favorable assessment of its market position. The company is currently undervalued based on its key financial ratios, including a price-to-earnings (PE) ratio of 7.92, an EV to EBITDA ratio of 2.37, and a return on capital employed (ROCE) of 19.55%.
In comparison to its peers, Manaksia's PE ratio is lower than Hindalco Industries at 9.95 and National Aluminium at 6.88, both of which are also considered attractive. This suggests that Manaksia offers a compelling investment opportunity relative to its competitors. Despite recent stock performance trailing the Sensex, with a year-to-date return of -18.91% compared to the Sensex's 3.64%, the current valuation metrics indicate that Manaksia is positioned for potential growth.