Is Nupur Recyclers overvalued or undervalued?

As of 22 September 2025, the valuation grade for Nupur Recyclers has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 37.24, an EV to EBITDA of 34.42, and a ROE of 12.28%.
In comparison to its peers, Nupur Recyclers' PE ratio is significantly higher than Vedanta's 13.59 and Hindustan Zinc's 18.84, which are categorized as very attractive and very expensive, respectively. This suggests that while Nupur Recyclers is fairly valued, it remains on the higher end of the spectrum compared to its competitors. Notably, the stock has underperformed against the Sensex over the past year, with a return of -35.37% compared to the Sensex's -2.28%, reinforcing the cautious outlook on its valuation.