Is TPL Plastech overvalued or undervalued?

As of 17 November 2025, TPL Plastech's valuation grade has moved from very expensive to fair, indicating a significant adjustment in its perceived value. The company is currently fairly valued, with a PE ratio of 20.69, an EV to EBITDA of 12.58, and a PEG ratio of 1.05. These metrics suggest that TPL Plastech is positioned reasonably within its market context.
In comparison to its peers, TPL Plastech's PE ratio is notably lower than that of Supreme Industries and Astral, which are rated as very expensive with PE ratios of 54.4 and 77.37, respectively. Conversely, Finolex Industries, another fair peer, has a PE ratio of 24.16, indicating that TPL Plastech is competitively priced within its industry. Despite recent underperformance relative to the Sensex, with a year-to-date return of -31.50% compared to the Sensex's 8.72%, the long-term outlook remains positive, as evidenced by a 5-year return of 481.43%.