Is Hariom Pipe overvalued or undervalued?

As of 24 October 2025, the valuation grade for Hariom Pipe has moved from attractive to very attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 21.06, an EV to EBITDA of 9.44, and a ROCE of 13.57%.
In comparison to its peers, Hariom Pipe's valuation metrics stand out; for instance, JSW Steel has a significantly higher PE ratio of 45.42, while Tata Steel's PE is 44.89, both indicating that they are overvalued relative to Hariom Pipe. Additionally, the PEG ratio for Hariom Pipe is 2.85, which is higher than that of JSW Steel at 2.46, suggesting that Hariom Pipe offers a better growth potential at its current valuation. Despite recent underperformance against the Sensex, with a 1-year return of -20.86% compared to the Sensex's 5.18%, the fundamental metrics suggest that the stock is positioned for potential upside.