Is Prakash Industri overvalued or undervalued?

As of 14 November 2025, the valuation grade for Prakash Industri has moved from attractive to very attractive. The company is currently considered undervalued, with a PE ratio of 7.38, a Price to Book Value of 0.79, and an EV to EBITDA ratio of 5.30. In comparison to its peers, Prakash Industri's PE ratio is significantly lower than that of JSW Steel, which stands at 46.61, and Tata Steel at 29.2, indicating a more favorable valuation for Prakash. Additionally, the company's ROCE is 10.86% and ROE is 10.74%, which are competitive figures within the industry. Despite recent stock performance lagging behind the Sensex, with a year-to-date return of -4.58% compared to the Sensex's 8.22%, the long-term perspective shows a robust growth of 170.88% over three years, reinforcing the attractiveness of the current valuation.