Is B.C. Power overvalued or undervalued?

As of 12 November 2025, the valuation grade for B.C. Power has moved from risky to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued, supported by a PE ratio of 10.60, a Price to Book Value of 0.33, and an EV to EBITDA ratio of 14.14. These ratios suggest that B.C. Power is trading at a discount compared to its earnings and asset value.
In comparison to its peers, B.C. Power's PE ratio of 10.60 is notably lower than Polycab India's 46.72 and Havells India's 62.39, both of which are classified as very expensive. Additionally, B.C. Power's PEG ratio of 0.05 further emphasizes its undervaluation relative to the industry. While the stock has underperformed against the Sensex over the past year, the recent grade change and attractive valuation metrics suggest potential for recovery and growth moving forward.