Is Manaksia Steels overvalued or undervalued?

As of 9 September 2025, the valuation grade for Manaksia Steels has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued. Key ratios include a PE Ratio of 26.68, an EV to EBITDA of 20.79, and a ROE of 3.52%.
In comparison to its peers, JSW Steel has a PE Ratio of 52.99 and Tata Steel boasts a PE of 43.51, both of which highlight that Manaksia Steels is trading at a lower valuation despite its expensive classification. Additionally, while the stock has shown a strong 1-year return of 14.05% compared to the Sensex's -0.56%, this performance does not justify its current valuation metrics. Overall, the analysis suggests that Manaksia Steels is overvalued in its current market position.