Is Swashthik Plas. overvalued or undervalued?

As of 16 October 2025, the valuation grade for Swashthik Plas. has moved from fair to expensive, indicating a shift in perception regarding its market value. The company is currently considered overvalued, with a PE ratio of 11.26, an EV to EBITDA of 8.07, and a Price to Book Value of 0.92. These ratios suggest that while the company has a relatively low PE ratio compared to some peers, the overall valuation does not justify the current price given the recent performance.
In comparison to its peers, Swashthik Plas. stands out with a PE ratio significantly lower than Supreme Inds. at 60.66 and Astral at 80.11, both of which are categorized as very expensive. However, when looking at the broader context, the company's valuation metrics do not support a strong investment case, especially considering its year-to-date return of -49.12% compared to the Sensex's positive return of 6.82%. This further reinforces the conclusion that Swashthik Plas. is overvalued in its current market position.