Is Manaksia overvalued or undervalued?

As of 10 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 key ratios such as a PE Ratio of 7.75, an EV to EBITDA of 2.18, and a Price to Book Value of 0.76. These figures suggest that Manaksia is trading at a significant discount compared to its earnings and book value.
In comparison to its peers, Manaksia's valuation metrics stand out, especially against Hindalco Industries, which has a PE Ratio of 10.03, and National Aluminium with a PE of 7.2. While both companies are deemed attractive, Manaksia's lower ratios highlight its undervaluation. Additionally, despite recent stock performance lagging behind the Sensex, with a year-to-date decline of 20.63% compared to the Sensex's gain of 5.58%, the current valuation presents a compelling opportunity for investors looking for value in the iron and steel sector.