Is Bharat Wire overvalued or undervalued?

As of 11 September 2025, Bharat Wire's valuation grade has moved from attractive to very attractive, indicating a significant positive shift in its perceived value. The company is currently assessed as undervalued, especially when considering its PE ratio of 16.51, an EV to EBITDA of 9.79, and a PEG ratio of 0.00, which suggests that the stock is trading at a low multiple relative to its earnings growth potential.
In comparison to its peers, Bharat Wire stands out with a much lower PE ratio than Thermax, which has a PE of 59.16, and BEML Ltd, with a PE of 56.31, both categorized as expensive. The company's ROCE of 15.45% and ROE of 10.00% further support its strong operational efficiency relative to peers. Despite recent underperformance against the Sensex, with a year-to-date return of -20.43% compared to the Sensex's 4.36%, the valuation metrics suggest that Bharat Wire presents a compelling investment opportunity at its current price of 168.85.