Is Manoj Ceramic overvalued or undervalued?

As of 23 September 2025, the valuation grade for Manoj Ceramic has moved from attractive to fair. This suggests a reassessment of the company's market position, indicating that it is fairly valued at present. The company exhibits a PE ratio of 13.86, an EV to EBITDA ratio of 8.72, and a PEG ratio of 0.74, which are competitive figures within its sector.
In comparison to its peers, Manoj Ceramic's valuation metrics appear reasonable. For instance, Kajaria Ceramics is considered expensive with a PE ratio of 55.47, while Pokarna is fairly valued with a PE of 14.5. The current market price of Manoj Ceramic is 120.50, reflecting a significant decline of 38.27% year-to-date, contrasting with a 5.07% increase in the Sensex during the same period. This underperformance may suggest that the stock is undervalued relative to its potential, despite its current fair valuation status.