Is N G Industries overvalued or undervalued?

As of 10 November 2025, the valuation grade for N G Industries has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as undervalued, particularly when considering its low PE ratio of 9.24, a price to book value of 0.12, and an EV to EBITDA ratio of 19.50. These ratios suggest that the stock is trading at a significant discount compared to its earnings and asset value.
In comparison to its peers, N G Industries stands out with a much lower PE ratio than Max Healthcare, which has a PE of 88.71, and Apollo Hospitals at 64.78. The PEG ratio for N G Industries is notably at 0.00, indicating potential growth at a very low price relative to its earnings growth. Despite recent underperformance against the Sensex, with a year-to-date return of -24.92% compared to the Sensex's 6.91%, the fundamental ratios suggest that N G Industries remains an attractive investment opportunity in the healthcare services sector.