Is Manipal Fin. Cor overvalued or undervalued?

As of 17 October 2025, the valuation grade for Manipal Financial Corporation has moved from risky to attractive, indicating a significant improvement in its perceived investment quality. The company is currently considered undervalued, especially when compared to its peers. Key ratios include a PE ratio of -32.23, an EV to EBIT of -12.26, and a PEG ratio of 0.00, which suggests that the market has not yet recognized the company's potential despite its attractive valuation grade.
In comparison with peers, Bajaj Finance is categorized as very expensive with a PE ratio of 38.21, while Life Insurance is deemed very attractive with a PE of 11.49. This stark contrast highlights the undervaluation of Manipal Financial Corporation within the Non-Banking Financial Company sector. While the stock has underperformed against the Sensex in the short term, its year-to-date return of 39.86% significantly outpaces the Sensex's 7.44%, reinforcing the notion that the stock may be undervalued relative to its growth potential.