Is Mangalam Global overvalued or undervalued?

As of 1 October 2025, the valuation grade for Mangalam Global 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 22.30, an EV to EBITDA of 16.83, and a PEG ratio of 1.33, which suggest that while the company is not undervalued, it does not present significant upside potential either.
In comparison to its peers, Mangalam Global's PE ratio aligns closely with Swan Corp at 22.79, but is significantly lower than K P R Mill Ltd, which is deemed very expensive at a PE of 43.71. Other peers like Trident and Vardhman Textile have fair valuations with PE ratios of 33.1 and 13.96, respectively. The company's recent stock performance has outpaced the Sensex, with a year-to-date return of 19.71% compared to the Sensex's 3.64%, reinforcing its fair valuation in the current market context.