Is Harsha Engg Intl overvalued or undervalued?

As of 19 November 2025, Harsha Engg International's valuation grade has moved from very attractive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 29.47, an EV to EBITDA ratio of 20.14, and a ROE of 9.61%.
In comparison to its peers, Harsha Engg International's PE ratio is lower than Thermax's 58.72 and BEML Ltd's 54.65, both of which are considered expensive. However, it is slightly higher than Elecon Engg Co's 26.97, which is categorized as very expensive. Notably, the company's recent stock performance shows a 4.14% return over the past week, significantly outperforming the Sensex's 0.85% return in the same period, although it has underperformed in the longer term.