Is Hawa Engineers overvalued or undervalued?

As of 7 October 2025, Hawa Engineers has moved from an attractive to a very attractive valuation grade. The company is currently undervalued, with a PE ratio of 14.76, an EV to EBITDA of 7.29, and a PEG ratio of 0.40, indicating strong growth potential relative to its price. In comparison, peers like Thermax and BEML Ltd are significantly overvalued, with PE ratios of 56.75 and 60.33, respectively, highlighting Hawa's competitive positioning in the market.
Despite recent stock performance showing a decline of 49.78% year-to-date compared to a 4.85% gain in the Sensex, the company's fundamentals suggest it is well-positioned for recovery. With a ROCE of 18.04% and ROE of 13.62%, Hawa Engineers demonstrates solid profitability metrics that further support its undervalued status in the industrial manufacturing sector.