Is Ajel overvalued or undervalued?

As of 25 April 2023, Ajel's valuation grade has moved from does not qualify to risky, indicating a significant deterioration in its financial standing. The company appears to be overvalued given its negative PE ratio of -6.35, an EV to EBIT of -15.99, and an EV to EBITDA of -18.22. These ratios suggest that Ajel is struggling to generate profits and is not effectively utilizing its capital.
In comparison to its peers, Ajel's financial metrics starkly contrast with those of TCS, which has a PE ratio of 25.23, and Infosys, with a PE of 24.32. Both companies are classified as attractive and fair, respectively, highlighting Ajel's underperformance in the software and consulting industry. Furthermore, Ajel's recent stock performance has been poor, with a 1-year return of -58.58%, significantly underperforming the Sensex's 7.63% return over the same period, reinforcing the notion that Ajel is overvalued in its current state.