Is Harish Textile overvalued or undervalued?

As of 17 November 2025, Harish Textile's valuation grade has moved from very attractive to attractive, indicating a shift in perception regarding its market value. The company is currently considered undervalued, with a PE ratio of 6.44, an EV to EBIT of 6.57, and an EV to EBITDA of 5.41. These figures suggest that the stock is trading at a significant discount compared to its earnings and cash flow potential.
In comparison to its peers, Harish Textile's valuation metrics stand out, particularly against LMW, which is deemed very expensive with a PE ratio of 139.43, and Bajaj Steel Industries, which is also attractive with a PE of 19.61. The PEG ratio for Harish Textile is notably low at 0.02, further supporting the undervaluation narrative. Despite a challenging year-to-date return of -23.74% compared to the Sensex's 8.72%, the long-term performance over five years shows a remarkable return of 393.51%, reinforcing the potential for recovery and growth in the future.