Is Prakash Industri overvalued or undervalued?

As of 17 November 2025, Prakash Industri's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as undervalued, with a PE ratio of 7.86, a Price to Book Value of 0.78, and an EV to EBITDA of 5.43. These ratios suggest that the stock is trading at a significant discount compared to its earnings and book value.
In comparison to its peers, Prakash Industri's PE ratio is notably lower than that of JSW Steel, which stands at 46.87, and Tata Steel at 29.08. The PEG ratio of Prakash is 0.00, indicating no growth expectations priced in, while Tata Steel's PEG is 0.23, suggesting a more favorable growth outlook. Despite recent underperformance against the Sensex, with a YTD return of -6.62% compared to the Sensex's 8.72%, the long-term performance remains strong, with a 5-year return of 233.64%. This combination of factors reinforces the view that Prakash Industri is undervalued in the current market.