Is Refractory Shap. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Refractory Shap. has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently deemed overvalued based on its financial metrics. Key ratios include a PE ratio of 15.19, an EV to EBITDA of 10.19, and a Price to Book Value of 2.04, which suggest that the stock is trading at a premium relative to its earnings and book value.
In comparison to its peers, Refractory Shap. stands out with a lower PE ratio than Vesuvius India, which has a PE of 39.64, and RHI Magnesita, which boasts a PE of 56.23, indicating that while Refractory Shap. is overvalued, it is still more reasonably priced than some competitors. However, the overall market sentiment is reflected in its recent stock performance, where it has underperformed against the Sensex, particularly with a year-to-date return of -55.63% compared to the Sensex's 9.09%. This further reinforces the view that Refractory Shap. is overvalued in the current market environment.