Is Hathway Cable overvalued or undervalued?

As of 13 October 2025, the valuation grade for Hathway Cable has moved from expensive to fair. Based on the analysis, the company appears to be undervalued. Key ratios include a PE Ratio of 23.50, an EV to EBIT of 44.69, and an EV to Sales of 0.17, which indicate a significant discrepancy compared to its peers.
In comparison to its industry peers, Den Networks is rated attractive with a PE of 7.88, highlighting Hathway's relatively high valuation despite its fair grade. Other peers like Dish TV India and Siti Networks are categorized as risky, further emphasizing Hathway's position in the market. Notably, Hathway's stock has underperformed against the Sensex over various periods, with a year-to-date return of -10.74% compared to the Sensex's 5.36%, reinforcing the notion that the stock may be undervalued in the current market environment.