Is Narmada Agrobase overvalued or undervalued?

As of 22 July 2025, the valuation grade for Narmada Agrobase has moved from very expensive to expensive, indicating a slight improvement in its valuation outlook. The company is currently assessed as overvalued. Key ratios include a PE ratio of 20.34, an EV to EBITDA of 16.76, and a PEG ratio of 0.47, which suggests that while the company is generating profits, its growth potential may not justify its current price.
In comparison to peers, Jain Irrigation has a significantly higher PE ratio of 106.02 and an EV to EBITDA of 10.40, indicating a more attractive valuation despite its high price. Meanwhile, Krishival Foods is categorized as very expensive with a PE of 65.41, further highlighting Narmada Agrobase's relative overvaluation. Notably, Narmada Agrobase has outperformed the Sensex over the past week and month, but its long-term performance remains less favorable compared to the index.