Is Unjha Formul. overvalued or undervalued?

As of 12 November 2025, the valuation grade for Unjha Formul. has moved from very expensive to very attractive, indicating a significant shift in its perceived value. The company is currently considered undervalued, with a PE ratio of 11.08, an EV to EBIT of 10.66, and an impressive ROE of 32.48%.
In comparison to its peers, Unjha Formul. stands out with a PEG ratio of 0.40, while Sun Pharma. Inds. has a PE of 35.94 and Divi's Lab. shows a staggering PE of 69.64, both categorized as expensive. The attractive valuation of Unjha Formul. is further supported by its strong performance metrics, particularly its ROCE of 16.80%. Despite recent underperformance in the YTD return compared to the Sensex, the long-term performance over 3 years and 5 years shows a remarkable return of 149.21% and 250.28%, respectively, reinforcing the attractiveness of its current valuation.