Is Metal Coatings overvalued or undervalued?

As of 7 October 2025, the valuation grade for Metal Coatings has moved from fair to expensive, indicating that the company is overvalued. The key ratios reflect this assessment, with a PE Ratio of 23.33, an EV to EBITDA of 9.35, and a Price to Book Value of 1.23. Compared to its peers, Metal Coatings stands out as overvalued, especially when juxtaposed with JSW Steel, which has a PE Ratio of 55.21, and Tata Steel at 44.09, both categorized as fair.
In light of these metrics, Metal Coatings is deemed overvalued given its high PE Ratio relative to its peers and the overall market conditions. The company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -19.57% compared to the Sensex's 4.85%, further supporting the conclusion that the stock may not be a favorable investment at its current price of 70.70.