Is The Ramco Cement overvalued or undervalued?

As of 7 November 2025, The Ramco Cement's valuation grade has moved from expensive to fair. The company is currently fairly valued, with a PE ratio of 131.46, an EV to EBITDA ratio of 27.46, and a Price to Book Value of 0.32. When compared to peers, UltraTech Cement is classified as very expensive with a PE of 47.58, while Grasim Industries is very attractive with a PE of 42.45.
Despite the fair valuation, The Ramco Cement has shown a strong performance relative to the Sensex over the past year, returning 17.80% compared to the Sensex's 4.62%. This performance, alongside its current ratios, suggests that while the stock is not undervalued, it is positioned well within its competitive landscape.