Is Refractory Shap. overvalued or undervalued?

As of 23 October 2025, the valuation grade for Refractory Shap. has moved from very expensive to expensive, indicating a slight improvement in perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 14.47, an EV to EBITDA of 9.77, and a ROCE of 13.51%.
In comparison to peers, Vesuvius India has a significantly higher PE ratio of 39.17, while RHI Magnesita shows a PE of 56.43, highlighting that Refractory Shap. is trading at a lower valuation multiple relative to these competitors. Additionally, the company's recent stock performance has been poor, with a year-to-date decline of 57.74%, contrasting sharply with the Sensex's gain of 9.50% during the same period, reinforcing the notion of overvaluation.