Is Ugar Sugar Works overvalued or undervalued?

As of 13 November 2025, Ugar Sugar Works' valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered overvalued, with a PE ratio of 47.75, an EV to EBITDA of 11.93, and a PEG ratio of 0.22. In comparison, EID Parry, classified as very expensive, has a PE ratio of 20.68, while Balrampur Chini, rated as fair, has a PE ratio of 22.8.
Despite the attractive valuation grade, Ugar Sugar Works' performance has lagged behind the Sensex, with a year-to-date return of -40.39% compared to the Sensex's 8.11%. This underperformance, combined with the high valuation ratios, suggests that the stock may not provide adequate returns relative to its current price.