Is Rajputana Indu. overvalued or undervalued?

As of 19 August 2025, the valuation grade for Rajputana Industries has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 22.40, an EV to EBITDA of 11.69, and a ROCE of 25.62%.
In comparison with peers, Rajputana Industries has a similar PE ratio to Hindustan Zinc, which is considered very expensive at 17.58, while Vedanta is categorized as very attractive with a PE of 13.34. Notably, Rajputana's PEG ratio stands at 0.00, indicating no growth expectations priced in, which is a significant outlier in the current market context. Additionally, the company's stock has underperformed relative to the Sensex over the past year, with a return of -19.61% compared to the Sensex's 1.66%, reinforcing the fair valuation perspective.