Is Enviro Infra overvalued or undervalued?

As of 6 November 2025, the valuation grade for Enviro Infra has moved from very expensive to expensive. The company is currently considered overvalued based on its financial metrics. Notable ratios include a price-to-earnings (PE) ratio of 20.23, an EV to EBITDA ratio of 13.66, and a return on equity (ROE) of 20.82%.
In comparison with peers, Enviro Infra's PE ratio is significantly lower than that of Thermax, which stands at 57.56, and BEML Ltd, at 56.02, both categorized as very expensive. Additionally, the company's performance has lagged behind the Sensex, with a year-to-date return of -23.45% compared to the Sensex's gain of 6.62%. This further reinforces the view that Enviro Infra is overvalued in the current market context.