Is Manaksia overvalued or undervalued?

As of 7 November 2025, the valuation grade for Manaksia has moved from attractive to fair. Based on the analysis, the company is currently fairly valued. Key ratios include a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%.
When compared to peers, Manaksia's PE ratio is lower than Hindalco Industries, which has a PE of 10.26, and National Aluminium, with a PE of 7.52, both rated as attractive. Additionally, Manaksia's EV to EBITDA ratio is also more favorable than that of Maan Aluminium, which is considered expensive with an EV to EBITDA of 33.76. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -21.19% compared to the Sensex's 6.50%, indicating a challenging market environment.