Is Banaras Beads overvalued or undervalued?

As of 31 October 2025, the valuation grade for Banaras Beads has moved from very expensive to expensive. The company is currently considered overvalued based on its high PE ratio of 52.45, an EV to EBIT of 144.10, and an EV to EBITDA of 65.59. In comparison, Altius Telecom, which is rated very attractive, has a PE ratio of 55.48 and an EV to EBITDA of 10.54, while Sagility, rated fair, has a PE of 30.79 and an EV to EBITDA of 15.38, indicating that Banaras Beads is trading at a premium relative to its peers.
Despite the recent performance, where Banaras Beads outperformed the Sensex with a year-to-date return of 15.36% compared to the Sensex's 7.42%, the underlying valuation metrics suggest that the stock is not justified at its current price of 143.05. The combination of high valuation ratios and the peer comparison leads to the conclusion that Banaras Beads is overvalued in the current market environment.