Is Captain Pipes overvalued or undervalued?

As of 27 October 2025, the valuation grade for Captain Pipes has moved from expensive to fair. The company appears to be fairly valued at this time. Key ratios include a PE ratio of 52.78, an EV to EBITDA of 28.67, and a ROCE of 12.84%.
In comparison with peers, Captain Pipes' PE ratio is slightly lower than Altius Telecom's 55.11, while significantly higher than BLS International's 22.9. The PEG ratio of Captain Pipes is notably 0.00, indicating no growth expectations factored into the price, which could suggest a potential for undervaluation if growth prospects improve. Despite recent stock performance lagging behind the Sensex, particularly with a year-to-date decline of 34.52% compared to the Sensex's gain of 8.50%, the current valuation suggests that the stock is positioned fairly within its market context.