Is Manaksia overvalued or undervalued?

As of 9 October 2025, the valuation grade for Manaksia has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a price-to-earnings (PE) ratio of 7.91, a price-to-book value of 0.77, and an EV to EBITDA ratio of 2.35. These figures suggest that while the company is not undervalued, it also does not appear to be overvalued relative to its current financial performance.
In comparison to its peers, Manaksia's PE ratio is lower than that of Hindalco Industries, which has a PE of 10.05, and National Aluminium, which stands at 7.36. This indicates that Manaksia is trading at a competitive valuation within its industry. However, its recent stock performance has lagged behind the Sensex, with a year-to-date return of -19.07% compared to the Sensex's 5.16%, reinforcing the notion that the market may not fully recognize its potential at this time.