Is Giriraj Civil overvalued or undervalued?

As of 4 November 2025, Giriraj Civil has moved from an attractive to a very attractive valuation grade. The company is currently considered undervalued. Key ratios include a PE Ratio of 23.93, an EV to EBITDA of 17.45, and a PEG Ratio of 0.31, which indicates strong growth potential relative to its price.
In comparison with peers, Giriraj Civil's PE Ratio is significantly lower than Thermax's 58.19 and BEML Ltd's 60.01, both of which are categorized as very expensive. The company's return on capital employed (ROCE) stands at 20.09%, further highlighting its efficiency compared to its peers. Despite a recent downturn in stock performance, with a year-to-date return of -43.19% compared to the Sensex's 8.26%, the underlying fundamentals suggest that Giriraj Civil is positioned well for future growth.