Is Garg Furnace overvalued or undervalued?

As of 24 October 2025, Garg Furnace's valuation grade has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 12.59, an EV to EBITDA of 11.06, and a ROE of 13.69%. In comparison to peers, Garg Furnace's PE ratio is significantly lower than that of JSW Steel, which stands at 45.42, and Tata Steel at 44.89, indicating that Garg Furnace may be undervalued relative to these larger competitors. Despite its recent stock performance showing a decline of 44.84% over the past year compared to a 5.18% increase in the Sensex, the company's strong historical returns over a 5-year period of 1162.59% suggest potential for recovery. Overall, Garg Furnace appears to be fairly valued within its industry context.