Is Shiva Granito overvalued or undervalued?

As of 13 November 2025, the valuation grade for Shiva Granito has moved from fair to expensive, indicating a shift in its market perception. The company appears to be overvalued based on its current metrics. Notable ratios include a PE Ratio of 746.65, an EV to EBIT of 19.29, and a ROCE of just 1.77%.
In comparison to its peers, Kajaria Ceramics has a PE of 46.03, and L T Foods shows a PE of 22.27, both of which are significantly lower than Shiva Granito's. This stark contrast suggests that Shiva Granito's valuation is not justified relative to its competitors. Furthermore, the company's stock has underperformed against the Sensex over the past year, with a decline of 49.78% compared to the Sensex's gain of 8.74%, reinforcing the notion that it is overvalued in the current market environment.