Is Hi-Tech Pipes overvalued or undervalued?

As of 13 October 2025, the valuation grade for Hi-Tech Pipes has moved from fair to attractive, indicating a positive shift in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 30.94, an EV to EBITDA of 14.79, and a ROCE of 11.10%.
In comparison to its peers, Hi-Tech Pipes stands out with its attractive valuation, while JSW Steel and Tata Steel are both rated fair with PE ratios of 55.51 and 44.49, respectively. Despite recent stock performance showing a decline of 27.63% year-to-date against a Sensex return of 5.36%, the long-term outlook remains promising, particularly with a three-year return of 89.62%.