Is Siddhika Coatins overvalued or undervalued?

As of 3 October 2025, Siddhika Coatins has moved from a fair to a very attractive valuation grade. The company appears to be undervalued, supported by a PE ratio of 14.62, an EV to EBITDA ratio of 10.32, and a PEG ratio of 0.18, indicating strong growth potential relative to its price.
In comparison to its peers, Siddhika Coatins stands out favorably; for instance, Sudarshan Chemical is considered expensive with a PE ratio of 121.76, while Ultramarine Pigments, which is also very attractive, has a PE of 17.21. The company's strong return on capital employed (ROCE) at 53.95% and return on equity (ROE) at 22.18% further reinforce its solid financial health. Notably, Siddhika Coatins has outperformed the Sensex over the past year, with a stock return of 46.19% compared to the Sensex's decline of 1.41%.