Is Ultramarine Pig. overvalued or undervalued?

As of 1 October 2025, the valuation grade for Ultramarine Pig. has moved from attractive to very attractive. This indicates a strong positive shift in its valuation outlook. The company is currently assessed as undervalued, supported by a PE ratio of 17.12, an EV to EBITDA ratio of 11.07, and a PEG ratio of 0.47, which suggests that the stock is trading at a discount relative to its growth potential.
In comparison to its peers, Ultramarine Pig. stands out favorably against Sudarshan Chemicals, which is deemed expensive with a PE ratio of 122.71, and Kiri Industries, categorized as risky with a PE of 18.71. Additionally, Heubach Colorant, another very attractive peer, has a PE of 17.51, reinforcing Ultramarine Pig.'s competitive positioning within the dyes and pigments industry. Despite recent underperformance compared to the Sensex, particularly in the year-to-date and one-year periods, the overall valuation metrics suggest that Ultramarine Pig. presents a compelling investment opportunity at its current price of 461.45.