Is Harsha Engg Intl overvalued or undervalued?

As of 7 November 2025, Harsha Engg Intl has moved from a fair to a very attractive valuation grade, indicating a significant improvement in its perceived value. The company is currently considered undervalued, especially when compared to its peers. Key ratios include a PE Ratio of 28.33, an EV to EBITDA of 12.67, and a Price to Book Value of 0.27, which suggest that the stock is trading at a lower valuation relative to its earnings and book value.
In comparison to peers, Harsha Engg Intl's valuation stands out; for instance, Thermax has a PE Ratio of 56.7 and an EV to EBITDA of 37.35, while BEML Ltd shows even higher figures with a PE of 56.53. This stark contrast highlights Harsha Engg Intl's potential for growth and value appreciation. Despite recent underperformance against the Sensex, with a YTD return of -21.16% compared to the Sensex's 6.50%, the company's attractive valuation metrics suggest that it may be poised for a rebound.