Is Natl. Aluminium overvalued or undervalued?

As of 8 August 2025, the valuation grade for National Aluminium has moved from very attractive to attractive. The company is currently considered undervalued, with a PE ratio of 5.99, an EV to EBITDA of 3.73, and a PEG ratio of 0.03, indicating strong growth potential relative to its price.
In comparison to peers, Hindalco Industries, rated very attractive, has a significantly higher PE ratio of 9.13, while Maan Aluminium is deemed expensive with a PE of 41.2. This suggests that National Aluminium is trading at a discount relative to its industry peers, reinforcing the undervaluation narrative. Additionally, the company's recent stock performance has outpaced the Sensex over the past week, with a return of 3.43% compared to a decline of 0.92% in the Sensex, further supporting its attractive valuation.