Is G R Infraproject overvalued or undervalued?

As of 27 June 2025, the valuation grade for G R Infraproject has moved from very attractive to attractive. The company is currently considered undervalued, with a PE ratio of 12.66, an EV to EBITDA of 10.18, and a Price to Book Value of 1.52. In comparison to peers, Larsen & Toubro has a significantly higher PE ratio of 34.48 and an EV to EBITDA of 17.47, while Siemens is classified as very expensive with a PE ratio of 54.86.
Despite the recent downgrade in valuation grade, G R Infraproject's financial metrics suggest it remains a compelling investment opportunity. The company has a ROE of 12.01% and a ROCE of 11.37%, indicating efficient use of equity and capital. Over the past year, G R Infraproject has underperformed the Sensex with a return of -23.62%, while the Sensex gained 6.08%, reinforcing the notion that the stock may be undervalued relative to its potential.