Is Nupur Recyclers overvalued or undervalued?

As of 24 September 2025, the valuation grade for Nupur Recyclers has moved from fair to expensive, indicating that the company is currently overvalued. The key ratios reflect this assessment, with a PE ratio of 39.26, an EV to EBITDA of 36.26, and a Price to Book Value of 4.51. These figures suggest that the stock is trading at a premium compared to its earnings and book value.
In comparison to its peers, Nupur Recyclers stands out with a significantly higher PE ratio than Hindustan Zinc at 18.57 and Vedanta at 13.29, both of which are in a more attractive valuation range. Additionally, the company's PEG ratio is notably 0.00, which raises concerns about its growth prospects relative to its valuation. Recent stock performance shows that Nupur Recyclers has underperformed the Sensex over the past year, with a decline of 29.14% compared to a modest drop of 3.41% for the index, further reinforcing the notion that the stock is overvalued.