Is Ircon Intl. overvalued or undervalued?

As of 2 September 2025, the valuation grade for Ircon International has moved from attractive to fair. This indicates a shift in perception regarding its market value. Based on the current analysis, the company appears to be fairly valued at this time. Key ratios include a PE ratio of 24.60, an EV to EBITDA of 19.56, and a dividend yield of 1.68%.
In comparison to its peers, Ircon International's valuation is more favorable than companies like Rail Vikas, which is considered expensive with a PE ratio of 57.91, and Tube Investments, which is very expensive at a PE ratio of 90.78. Despite the recent stock performance showing a year-to-date decline of 18.49% compared to a 2.58% increase in the Sensex, the long-term outlook remains positive with a 3-year return of 307.08%. Overall, Ircon International is currently fairly valued within its industry context.