Is Vishwaraj Sugar overvalued or undervalued?

As of 14 November 2025, the valuation grade for Vishwaraj Sugar has moved from risky to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, particularly when compared to its peers. Key ratios include a PE ratio of -5.82, an EV to EBITDA of 34.93, and an EV to Sales ratio of 1.21.
In comparison to peers, EID Parry is classified as very expensive with a PE ratio of 20.37, while Balrampur Chini is rated fair with a PE ratio of 23.23. Despite the attractive valuation, Vishwaraj Sugar has shown poor stock performance, with a year-to-date return of -49.53%, significantly underperforming the Sensex, which has returned 8.22% in the same period. This suggests that while the company may be undervalued, market sentiment has not yet reflected this potential.