Is D P Wires overvalued or undervalued?

As of 14 November 2025, the valuation grade for D P Wires has moved from expensive to very expensive. This indicates a significant shift in the company's valuation perception, suggesting that it is currently overvalued. The key ratios reflect this sentiment, with a PE Ratio of 19.11, an EV to EBIT of 23.12, and a Price to Book Value of 1.43, all of which are elevated compared to industry norms.
In comparison to its peers, D P Wires stands out as very expensive, especially when juxtaposed with JSW Steel, which has a PE Ratio of 46.61 and is rated as fair, and Tata Steel, rated as attractive with a PE Ratio of 29.2. The company's performance has lagged behind the Sensex, particularly evident in the year-to-date return of -30.62% compared to the Sensex's 8.22%. Overall, D P Wires appears to be overvalued in the current market landscape.