Is Manaksia overvalued or undervalued?

As of 7 November 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 based on its financial metrics. Key ratios include a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%.
In comparison to its peers, Manaksia's PE ratio is lower than Hindalco Industries at 10.26 and National Aluminium at 7.52, both of which are rated attractive. This suggests that while Manaksia is fairly valued, it may still be lagging behind some of its competitors in terms of market perception. Additionally, the stock has underperformed against the Sensex over various periods, particularly with a year-to-date decline of 21.19% compared to the Sensex's gain of 6.50%.