Is Bharat Wire overvalued or undervalued?

As of 11 August 2025, Bharat Wire's valuation grade has moved from very attractive to attractive, indicating a shift in market perception. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 16.89, an EV to EBITDA of 10.12, and a ROCE of 15.45%.
In comparison to its peers, Bharat Wire's PE ratio is significantly lower than that of Thermax, which stands at 58.22, and BEML Ltd, at 56.31, both of which are classified as expensive. This suggests that Bharat Wire may offer better value relative to these competitors. Despite recent underperformance, with a year-to-date return of -15.93% compared to a 3.15% gain in the Sensex, the company's fundamentals indicate it is positioned reasonably within its industry.