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 appears to be overvalued at its current price of 522.80, given its high PE ratio of 54.86 and EV to EBITDA of 21.27, which are significantly above industry averages. Additionally, the PEG ratio stands at 2.23, suggesting that the stock may not be adequately priced relative to its growth expectations.
In comparison to its peers, Shivalik Rasayan's valuation metrics are notably higher than those of Godrej Industries, which has a PE of 39.5 and an EV to EBITDA of 30.62, indicating a more attractive valuation. Other peers like Solar Industries are deemed very expensive with a PE of 108.29, but overall, Shivalik Rasayan's ratios suggest it is overvalued relative to its industry. The company's stock has underperformed against the Sensex, particularly in the year-to-date period, where it has declined by 31.74% compared to a 3.15% rise in the Sensex, reinforcing the notion of overvaluation.