Is Bhartiya Intl. overvalued or undervalued?

As of 7 November 2025, Bhartiya International's valuation grade has moved from fair to attractive, indicating a positive shift in its market perception. The company is currently considered undervalued, particularly given its price-to-earnings (PE) ratio of 40.43, which, while high, is lower than peers like Agribio Spirits at 65.05 and Superhouse Ltd at 56.59. Additionally, its price-to-book value stands at a remarkably low 0.24, suggesting significant potential for growth relative to its assets.
In comparison to its peers, Bhartiya International's EV to EBITDA ratio of 44.52 is also noteworthy, especially when juxtaposed with Lehar Footwears at 15.02 and Super Tannery at 6.57, which indicates that while it may be trading at a premium, the market is pricing in future growth potential. Furthermore, the company's PEG ratio of 0.01 underscores its attractive valuation relative to its earnings growth prospects. Notably, Bhartiya International has outperformed the Sensex over various time frames, including a 1-year return of 17.02% compared to the Sensex's 4.62%, reinforcing the argument for its undervaluation.