Is Hawa Engineers overvalued or undervalued?

As of 14 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 14.80, an EV to EBITDA of 7.31, and a PEG ratio of 0.40, indicating strong growth potential relative to its price.
In comparison to its peers, Hawa Engineers stands out favorably; for instance, Thermax has a significantly higher PE ratio of 55.14, while BEML Ltd is even more expensive at 60.71. This suggests that Hawa Engineers is trading at a discount relative to its industry peers, reinforcing its undervalued status. Despite recent stock performance showing a year-to-date decline of 49.64% compared to a 4.98% gain in the Sensex, the long-term outlook remains promising with a 5-year return of 344.31%.