Is Siddhika Coatins overvalued or undervalued?

As of 18 September 2025, Siddhika Coatins has moved from a fair to a very attractive valuation grade, indicating a significant improvement in its investment appeal. The company is currently considered undervalued, with a price-to-earnings (PE) ratio of 14.31, an EV to EBITDA ratio of 10.05, and a PEG ratio of 0.18, all suggesting that the stock is priced favorably compared to its earnings growth potential.
In comparison to its peers, Siddhika Coatins stands out with a much lower PE ratio than Sudarshan Chem, which is considered expensive at 164.31, and Kiri Industries, which has a PE of 20.04 but is categorized as risky. Additionally, the company's return on capital employed (ROCE) is an impressive 53.95%, further supporting its undervaluation status. Notably, while Siddhika Coatins has experienced a decline in stock price recently, its one-year return of 48.25% significantly outperforms the Sensex's mere 0.18% return, reinforcing the attractiveness of the investment.