Is Shantai Indust. overvalued or undervalued?

As of 14 November 2025, Shantai Industries has moved from a fair to an expensive valuation grade. The company appears to be overvalued based on its key financial ratios, including a PE ratio of 46.86, an EV to EBIT of 10.93, and a ROCE of only 2.88%. In comparison, its peer K P R Mill Ltd has a PE ratio of 43.91 and an EV to EBITDA of 28.21, while Trident, which is rated fair, has a PE ratio of 32.4 and an EV to EBITDA of 15.89.
Given these metrics, Shantai Industries is positioned unfavorably against its peers, indicating that it is overvalued in the current market. The company's recent performance shows a significant return of 57.3% over three years, outperforming the Sensex's 37.22%, but this does not sufficiently justify its high valuation relative to its financial fundamentals.