Is Alphalogic Indu overvalued or undervalued?

As of 16 September 2025, the valuation grade for Alphalogic Indu has moved from attractive to fair, indicating a shift in market perception. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 45.28, an EV to EBITDA of 42.22, and a ROCE of 13.37%.
In comparison to its peers, Alphalogic Indu's PE ratio is significantly higher than that of Ircon International, which stands at 26.05, suggesting that while Alphalogic is fairly valued, it is on the higher end of the spectrum. Additionally, Rail Vikas is considered expensive with a PE of 62.09, further highlighting the relative positioning of Alphalogic within its industry. Notably, Alphalogic's stock has underperformed against the Sensex over the past year, with a return of -38.01% compared to the Sensex's -0.73%, reinforcing the notion that the stock may be facing challenges despite its current valuation.