Is Siyaram Recycli. overvalued or undervalued?

As of 13 November 2025, the valuation grade for Siyaram Recycli. has moved from fair to expensive. The company is currently considered overvalued based on its financial ratios, including a PE ratio of 13.16, an EV to EBIT of 10.35, and an EV to EBITDA of 9.89. In comparison to its peers, Hindustan Zinc has a significantly higher PE ratio of 19.81, while Vedanta, which is categorized as very attractive, has a PE ratio of 15.37.
The company's performance has been notably poor, with a year-to-date stock return of -38.03%, while the Sensex has returned 8.11% in the same period. This underperformance, coupled with the current valuation metrics, reinforces the conclusion that Siyaram Recycli. is overvalued in the current market environment.