Is Shiva Granito overvalued or undervalued?

As of 17 November 2025, the valuation grade for Shiva Granito has moved from expensive to fair. The company appears to be undervalued given its current financial metrics. Key ratios include a PE ratio of 636.30, an EV to EBITDA of 17.08, and a Price to Book Value of 0.55, which suggests that the market may not be fully recognizing its potential.
In comparison to peers, Kajaria Ceramics has a PE ratio of 45.78 and an EV to EBITDA of 25.33, while L T Foods shows a PE of 22.55 and an EV to EBITDA of 14.27, both indicating a more favorable valuation relative to Shiva Granito. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date decline of 54.14% against an 8.72% increase in the index, the long-term outlook remains positive, supported by a significant 406.84% return over the past five years.