Is Polylink Poly. overvalued or undervalued?

As of 19 November 2025, the valuation grade for Polylink Poly. has moved from fair to expensive, indicating a shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 38.99, an EV to EBITDA of 19.68, and a ROCE of 4.25%.
In comparison to its peers, Polylink Poly. has a lower PE ratio than Supreme Industries (53.82) and Astral (76.45), both of which are categorized as very expensive. However, it is significantly higher than Finolex Industries, which is fairly valued at a PE of 23.87. The recent stock performance has been underwhelming, with a year-to-date return of -28.06%, contrasting sharply with the Sensex's positive return of 9.02% during the same period, reinforcing the notion of overvaluation.