Is Neptune Pet. overvalued or undervalued?

As of 16 September 2025, the valuation grade for Neptune Pet. has moved from risky to does not qualify, indicating a significant shift in its perceived investment quality. The company is currently assessed as overvalued. Key ratios include a PE ratio of 14.96, an EV to EBITDA of 12.81, and a ROE of 37.54%.
In comparison to its peers, Neptune Pet. has a similar PE ratio to Agarwal Indl. at 15.1, which is rated as very attractive, while it is significantly lower than Manali Petrochem's PE of 36.23, categorized as very expensive. The company’s performance has outpaced the Sensex recently, with a 1-week return of 19.37% compared to the Sensex's 1.49%, reinforcing the notion of its current overvaluation despite the positive short-term performance.