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, with a PE ratio of 7.70, an EV to EBITDA of 2.12, and a ROCE of 19.55%. In comparison to its peers, Hindalco Industries is rated attractive with a PE of 10.26, while National Aluminium is also attractive with a PE of 7.52, suggesting that Manaksia's valuation is competitive but not particularly compelling.
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%, highlighting potential concerns regarding its market position. Given the current ratios and peer comparisons, Manaksia appears to be fairly valued, reflecting a cautious outlook amidst a challenging market environment.