Is Minda Corp overvalued or undervalued?

As of 7 November 2025, Minda Corp's valuation grade has moved from expensive to fair, indicating a more favorable assessment of its stock. The company is currently fairly valued, with a PE ratio of 51.96, an EV to EBITDA ratio of 35.14, and a Price to Book Value of 0.57. Compared to its peers, Bosch has a PE ratio of 49 and an EV to EBITDA of 44.24, while Samvardhana Motherson is rated attractive with a significantly lower PE of 32.06 and an EV to EBITDA of 11.76.
Despite being fairly valued, Minda Corp has shown strong performance relative to the Sensex, with a year-to-date return of 17.94% compared to the Sensex's 6.50%. This performance, coupled with its current valuation metrics, suggests that while the stock is not undervalued, it is positioned well within its industry, especially when compared to peers like Uno Minda, which is considered expensive with a PE of 68.73.