Is Shivalik Rasayan overvalued or undervalued?

As of 14 August 2025, the valuation grade for Shivalik Rasayan has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 54.86, an EV to EBITDA ratio of 21.27, and a Price to Book Value of 1.54. In comparison to its peers, Shivalik Rasayan's PE ratio is significantly higher than Godrej Industries, which has a PE of 39.5 and is rated as attractive, while Solar Industries is considered very expensive with a PE of 108.29.
Despite its fair valuation, Shivalik Rasayan has underperformed relative to the Sensex, particularly over the year-to-date period, where it has seen a decline of 31.74% compared to the Sensex's gain of 3.15%. This underperformance, along with its high valuation ratios, suggests that while the stock may not be overvalued, it faces challenges that could limit its upside potential in the near term.