Is Indian Terrain overvalued or undervalued?

As of 10 November 2025, the valuation grade for Indian Terrain has moved from risky to very expensive. This indicates a significant shift in perception regarding the company's valuation. The company is currently considered overvalued, with a PE ratio of -17.10, an EV to EBIT ratio of 131.60, and a Price to Book Value of 1.14.
In comparison to its peers, Indian Terrain's valuation metrics are notably higher; for instance, Elitecon International has a PE ratio of 359.8, while PTC India, which is rated very attractive, has a PE of 7.89. The negative ROE of -6.66% and ROCE of -9.68% further highlight the company's struggles relative to its peers. Additionally, while Indian Terrain has experienced a 7% return over the past week, its year-to-date performance shows a decline of 13.93%, contrasting sharply with the Sensex's positive return of 6.91% during the same period.