Is Haria Apparels overvalued or undervalued?

Jun 09 2025 03:59 PM IST
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As of April 25, 2023, Haria Apparels is considered risky but appears undervalued with a PE ratio of 7.87, significantly lower than its peers, and has shown impressive growth of 252.35% over the past three years despite underperforming against the Sensex in the last year.
As of 25 April 2023, Haria Apparels has moved from a grade of does not qualify to risky, indicating increased concerns regarding its valuation. The company appears to be undervalued, with a PE ratio of 7.87, a Price to Book Value of 1.28, and a ROE of 13.70%. Notably, the EV to EBIT ratio is -5.79, which suggests potential issues with profitability or cash flow.

In comparison to its peers, Haria Apparels has a significantly lower PE ratio than MMTC, which stands at 119.39, and is also far behind Elitecon International's PE of 131.08. This stark contrast highlights the potential undervaluation of Haria Apparels in the context of its industry. Additionally, while the company's stock has underperformed against the Sensex over the past year, it has shown remarkable growth over the last three years, with a return of 252.35%.
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