Is Nikita Greentech overvalued or undervalued?

As of 18 November 2025, Nikita Greentech's valuation grade has moved from very expensive to expensive, indicating a shift in its perceived value. The company is currently assessed as overvalued. Key ratios include a PE ratio of 12.97, an EV to EBITDA of 11.03, and a ROE of 13.24%.
In comparison to its peers, Nikita Greentech's PE ratio is significantly lower than JK Paper's 21.23 and West Coast Paper's 15.65, suggesting that it is priced higher relative to its earnings potential. Additionally, while JK Paper is rated as attractive, Nikita Greentech's current valuation does not reflect a compelling investment opportunity given its recent stock performance, which has underperformed against the Sensex, particularly over the past month with a decline of 16.29%.