Is Mangalam Cement overvalued or undervalued?

As of 19 May 2025, the valuation grade for Mangalam Cement has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a PE ratio of 49.04, an EV to EBITDA of 16.40, and a Price to Book Value of 2.59.
In comparison to its peers, Mangalam Cement's PE ratio is higher than Grasim Industries, which stands at 43.9, but lower than UltraTech Cement's 52.27, indicating a competitive positioning within the industry. The company's recent stock performance shows a 1-week return of 2.09%, outperforming the Sensex's 1.41% return, but it has underperformed over the year with a -7.49% return compared to the Sensex's 7.60%. Overall, Mangalam Cement is fairly valued in the current market context.