Is Refractory Shap. overvalued or undervalued?

As of 16 October 2025, the valuation grade for Refractory Shap. has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently considered overvalued based on its financial metrics. Key ratios include a PE Ratio of 14.70, an EV to EBITDA of 9.91, and a ROCE of 13.51%.
In comparison to its peers, Refractory Shap. has a lower PE Ratio than Vesuvius India, which stands at 39.88, and RHI Magnesita, which has a PE Ratio of 56.66, both of which are classified as very expensive and very attractive, respectively. This suggests that while Refractory Shap. is overvalued, it is relatively less so compared to some of its peers. Additionally, the company's stock has underperformed significantly against the Sensex, with a year-to-date return of -57.05% compared to the Sensex's 8.21%, reinforcing the notion of its overvaluation.