Is Siddhika Coatins overvalued or undervalued?

As of 16 September 2025, the valuation grade for Siddhika Coatins has moved from very attractive to fair. Based on the analysis, the company appears to be fairly valued. Key ratios include a PE ratio of 15.00, an EV to EBITDA of 10.63, and a ROCE of 53.95%.
In comparison to peers, Siddhika Coatins has a PE ratio that is significantly lower than Sudarshan Chem, which is considered expensive at 162.35, while also being more favorable than Meghmani Organics, which is attractive at 113.54. Notably, Siddhika Coatins has outperformed the Sensex over the past year with a return of 42.3% compared to the Sensex's -0.57%, reinforcing its position in the market despite the recent downgrade in valuation grade.