Is Nocil overvalued or undervalued?

As of 3 November 2025, Nocil's valuation grade has moved from expensive to very expensive, indicating a significant increase in perceived overvaluation. The company is currently assessed as overvalued. Key ratios include a PE ratio of 47.87, an EV to EBITDA of 24.77, and a Price to Book Value of 1.71, all of which suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Nocil's PE ratio is notably lower than Solar Industries at 101.49 and Gujarat Fluoroch at 65.46, both of which are also classified as very expensive. However, it is higher than Godrej Industries, which is rated attractive with a PE of 37.65. Additionally, Nocil's recent stock performance has been underwhelming, with a year-to-date return of -25.83% compared to a 7.47% gain in the Sensex, reinforcing the notion that the stock may not be justified at its current valuation levels.