Is Newtrac Foods overvalued or undervalued?

As of 8 October 2025, Newtrac Foods has moved from an expensive to a very expensive valuation grade. The company is currently overvalued, indicated by a PE ratio of 33.23, a Price to Book Value of 5.35, and an EV to EBIT of 22.74. Compared to peers, K P R Mill Ltd has a higher PE ratio of 43.03 and an EV to EBITDA of 28.48, while Trident is fairly valued with a PE ratio of 33.06 and an EV to EBITDA of 15.73.
The company's recent stock performance has been underwhelming, with a year-to-date return of -11.53%, contrasting sharply with the Sensex's gain of 4.65% during the same period. This further reinforces the conclusion that Newtrac Foods is overvalued in the current market environment.