Is Manoj Ceramic overvalued or undervalued?

As of 8 October 2025, the valuation grade for Manoj Ceramic has moved from attractive to fair. The company is currently fairly valued, with a PE ratio of 11.84, an EV to EBITDA ratio of 7.75, and a PEG ratio of 0.63. In comparison to peers, Kajaria Ceramics is considered expensive with a PE ratio of 56.42, while Pokarna is very attractive with a PE ratio of 12.42.
Despite the fair valuation, Manoj Ceramic has underperformed significantly, with a year-to-date stock return of -47.23% compared to a 4.65% return for the Sensex. This underperformance may indicate market skepticism regarding the company's growth prospects, although its current valuation metrics suggest it is not overvalued relative to its peers.