Is Nocil overvalued or undervalued?

As of 7 November 2025, Nocil's valuation grade has moved from very expensive to expensive, indicating a shift in perception regarding its market value. The company appears to be overvalued based on its current metrics, with a PE ratio of 46.48, an EV to EBITDA of 23.98, and a Price to Book Value of 1.66. These ratios suggest that Nocil is trading at a premium compared to its peers.
In comparison to its industry peers, Nocil's PE ratio is significantly higher than that of Godrej Industries, which stands at 35.95, and Atul, which is at 30.84. Additionally, while Nocil's PEG ratio is 0.00, indicating no growth expectations priced in, other peers like Aarti Industries have a PEG of 0.00 as well, but with a more favorable valuation overall. The recent stock performance shows Nocil underperforming against the Sensex, with a year-to-date return of -27.99% compared to the Sensex's 6.50%, further reinforcing the notion that the stock is overvalued.