Is Hawa Engineers overvalued or undervalued?

As of 8 October 2025, Hawa Engineers has moved from a very attractive to an attractive valuation grade. The company is currently considered undervalued based on its financial metrics. Key ratios include a PE ratio of 15.86, an EV to EBITDA of 7.75, and a PEG ratio of 0.43, all of which suggest a favorable valuation compared to its peers.
In comparison to its industry peers, Hawa Engineers stands out with a significantly lower PE ratio than Thermax at 56.15 and BEML Ltd at 59.51, both of which are categorized as expensive. Additionally, the company's ROCE of 18.04% and ROE of 13.62% further reinforce its strong operational performance. Despite recent underperformance relative to the Sensex, particularly with a year-to-date return of -46.04% compared to the Sensex's 4.65%, the overall valuation metrics indicate that Hawa Engineers presents a compelling investment opportunity.