Is Disha Resources overvalued or undervalued?

As of 10 October 2025, Disha Resources has moved from a grade of risky to very expensive. The company is currently overvalued, with a PE ratio of -13.73, an EV to EBITDA ratio of -14.22, and a Price to Book Value of 0.36. These ratios indicate significant financial distress, particularly the negative earnings metrics which suggest the company is not generating profit.
In comparison to its peers, Disha Resources stands out unfavorably. For instance, Bajaj Finance has a PE ratio of 36.56, while Life Insurance boasts a PE of 11.65, both indicating a more favorable valuation. Furthermore, Disha's return on equity (ROE) and return on capital employed (ROCE) are both negative at -1.49% and -1.11%, respectively, which further underscores its overvaluation status. Despite a recent uptick in stock price compared to the Sensex, the overall financial metrics suggest that Disha Resources remains a poor investment choice at this time.