Is Giriraj Civil overvalued or undervalued?

As of 16 October 2025, the valuation grade for Giriraj Civil has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently assessed as undervalued, especially when considering its PEG ratio of 0.52, which suggests strong growth potential relative to its price. Additionally, the PE ratio stands at 39.99, and the EV to EBITDA ratio is 29.09, both of which are competitive when compared to peers like Thermax, which has a PE of 56.18, and BEML Ltd, with a PE of 61.63.
Giriraj Civil's strong return on capital employed (ROCE) of 20.09% and return on equity (ROE) of 15.79% further reinforce its attractiveness in the construction sector. While the stock has underperformed the Sensex over the past year with a return of -26.19% compared to the Sensex's 2.46%, its long-term performance over three years shows a remarkable increase of 1284.03%, indicating significant potential for recovery and growth.