Is Nupur Recyclers overvalued or undervalued?

As of 18 September 2025, the valuation grade for Nupur Recyclers has moved from fair to expensive, indicating a shift in its perceived value. The company is currently considered overvalued, with a PE ratio of 39.10, an EV to EBITDA ratio of 36.12, and a Price to Book Value of 4.49. These ratios suggest that the stock is priced significantly higher compared to its earnings and book value.
In comparison to its peers, Nupur Recyclers' valuation stands out as expensive, especially when juxtaposed with Vedanta, which has a PE ratio of 13.48 and an EV to EBITDA of 5.49, indicating a more attractive valuation. Other peers such as Hindustan Zinc and Gravita India also reflect higher valuations, with PE ratios of 18.66 and 36.63, respectively. Notably, Nupur Recyclers has underperformed against the Sensex, with a year-to-date return of -22.05% compared to the Sensex's 7.52%, reinforcing the notion that it may be overvalued in the current market context.