Is Sangal Papers overvalued or undervalued?

As of 17 November 2025, Sangal Papers has moved from a very attractive to an attractive valuation grade. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 14.97, an EV to EBITDA of 9.01, and a Price to Book Value of 0.56, which suggests that the stock is reasonably priced compared to its earnings and assets.
In comparison to peers, JK Paper has a PE ratio of 21.56 and an EV to EBITDA of 9.21, indicating it is more expensive, while West Coast Paper is considered expensive with a PE of 15.66. The lower valuation ratios of Sangal Papers, particularly its EV to Sales of 0.28, highlight its relative attractiveness in the market. Notably, the company's stock has underperformed against the Sensex, with a year-to-date return of -31.70% compared to the Sensex's 8.72%, reinforcing the notion that it may be undervalued despite its recent grade change.