Is D-Link India overvalued or undervalued?

As of 14 November 2025, D-Link India has moved from a fair to an attractive valuation grade, indicating a more favorable outlook. The company is currently considered undervalued, with a PE ratio of 15.61, an EV to EBITDA of 10.75, and a robust ROCE of 52.32%. In comparison to its peers, D-Link India stands out with a significantly lower PE ratio than Elitecon International, which is very expensive at 309.88, and MMTC, which is also risky at 139.98.
Despite a challenging year-to-date performance of -16.46% compared to the Sensex's 8.22%, D-Link India has shown strong historical returns over the longer term, with a 5-year return of 344.78%. This suggests that while recent performance has been underwhelming, the company’s fundamentals and valuation metrics indicate it is currently undervalued in the market.