Is Narmada Agrobase overvalued or undervalued?

As of 17 November 2025, Narmada Agrobase's valuation grade has moved from very attractive to attractive, indicating a shift in its perceived value. The company is currently assessed as fairly valued. Key ratios include a PE ratio of 22.12, an EV to EBITDA of 17.52, and a PEG ratio of 0.86, which suggests that the stock is reasonably priced relative to its growth prospects.
In comparison to its peers, Narmada Agrobase's PE ratio is significantly lower than Jain Irrigation's 58.32 and Krishival Foods' 75.54, both of which are considered very expensive. Additionally, Indo US Bio-Tech, which is very attractive, has a much lower PE of 14.72, indicating that Narmada Agrobase is positioned well within its competitive landscape. Notably, while Narmada Agrobase has outperformed the Sensex over the past year with a return of 39.82% compared to the Sensex's 9.50%, its recent performance has lagged behind the index over shorter periods.