Is Niraj Cement overvalued or undervalued?

As of 30 June 2025, the valuation grade for Niraj Cement has moved from attractive to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 21.04, an EV to EBITDA of 17.87, and a Price to Book Value of 1.36, which suggest that the company is trading at a reasonable price relative to its earnings and book value.
In comparison to its peers, Niraj Cement's PE ratio is notably lower than that of Larsen & Toubro, which stands at 34.45, and significantly lower than Siemens, which is at 56.11. This positions Niraj Cement favorably within the construction industry. Despite a recent decline in stock performance year-to-date, where it has underperformed against the Sensex, the long-term returns over 3 years show a robust growth of 89.86%, reinforcing the potential for future appreciation in value.