Is Conart Engineers overvalued or undervalued?

As of 20 June 2025, Conart Engineers' valuation grade has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued, with a PE ratio of 25.90, an EV to EBITDA ratio of 14.88, and a ROCE of 21.35%. In comparison to peers, Larsen & Toubro has a higher PE ratio of 34.31 and an EV to EBITDA of 17.40, while Siemens is notably more expensive with a PE of 55.47.
Despite the fair valuation, Conart Engineers has shown strong performance in recent periods, particularly with a 1-year stock return of 34.85% compared to the Sensex's 6.36%. This suggests that while the stock is fairly valued, it has outperformed the broader market significantly over the past year, indicating potential for further growth.