Is AVP Infracon overvalued or undervalued?

As of 18 September 2025, the valuation grade for AVP Infracon has moved from very expensive to expensive. The company appears to be overvalued at its current price of 176.50, especially when considering its PE ratio of 13.32, EV to EBITDA of 8.79, and ROE of 35.57%. In comparison to peers, DLF and Lodha Developers are both classified as very expensive, with PE ratios of 40.54 and 40.60, respectively, highlighting that AVP Infracon's valuation is significantly lower yet still categorized as expensive.
Despite the recent stock performance showing a year-to-date decline of 15.14% against a Sensex return of 7.52%, the company's high ROCE of 37.37% suggests strong operational efficiency. However, given the overall market conditions and the relative valuation compared to its peers, AVP Infracon is positioned as overvalued in the current landscape.