Is SPP Polymer overvalued or undervalued?

Nov 19 2025 08:12 AM IST
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As of November 18, 2025, SPP Polymer is fairly valued with a PE ratio of 23.43, but has underperformed the market with a year-to-date return of -47.24%, indicating potential challenges not fully captured in its valuation metrics.
As of 18 November 2025, SPP Polymer's valuation grade has moved from attractive to fair, indicating a reassessment of its market position. The company is currently fairly valued, with a PE ratio of 23.43, an EV to EBITDA of 6.19, and a Price to Book Value of 0.54. In comparison to its peers, Finolex Industries has a slightly higher PE ratio of 23.91, while Supreme Industries is significantly more expensive with a PE of 54.

Despite the fair valuation, SPP Polymer has underperformed in the market, with a year-to-date stock return of -47.24%, contrasting sharply with the Sensex's positive return of 9.58% over the same period. This divergence may suggest that the market is pricing in challenges for SPP Polymer that are not fully reflected in its current valuation metrics.
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