Is HEC Infra Proj. overvalued or undervalued?

As of 9 October 2025, the valuation grade for HEC Infra Projects has moved from fair to attractive, indicating a positive shift in its market perception. The company is currently assessed as undervalued based on its financial metrics. Key ratios include a PE ratio of 14.84, an EV to EBITDA of 11.69, and a PEG ratio of 0.23, which suggests strong growth potential relative to its price.
In comparison to peers, HEC Infra Projects stands out with a more favorable valuation, particularly when contrasted with Elitecon International, which has a PE ratio of 327.09, and Lloyds Enterprises at 31.81. This relative valuation reinforces the attractiveness of HEC Infra Projects, especially given its solid ROE of 18.18%. While the stock has underperformed the Sensex in the short term, its year-to-date return of 12.12% and a remarkable 317.82% return over three years suggest a robust growth trajectory that could further enhance its valuation appeal.