Is Bharat Wire overvalued or undervalued?

As of 4 August 2025, Bharat Wire's valuation grade has moved from attractive to very attractive, indicating a positive shift in its market perception. The company is currently assessed as undervalued, particularly when compared to its peers. Key ratios include a PE ratio of 16.88, an EV to EBITDA of 10.12, and a ROCE of 15.45%.
In the peer comparison, Bharat Wire stands out against competitors such as Thermax, which has a significantly higher PE ratio of 62.76, and BEML Ltd, with a PE ratio of 56.77. This suggests that Bharat Wire offers a more favorable valuation relative to its industry peers. Additionally, while the stock has underperformed against the Sensex in the short term, its long-term performance over three and five years shows substantial gains of 149.37% and 807.38%, respectively, reinforcing the potential for future growth.