Is Ircon Intl. overvalued or undervalued?

As of 5 September 2025, the valuation grade for Ircon International has moved from attractive to fair. This indicates a shift in perception regarding its investment potential. The company is currently fairly valued, with a PE ratio of 23.80, an EV to EBITDA of 18.90, and a ROE of 11.50%.
In comparison to its peers, Ircon International's valuation stands out as more reasonable, especially when contrasted with Rail Vikas, which is deemed expensive with a PE ratio of 57.71, and Tube Investments, which is very expensive at a PE of 89.02. Despite a recent stock return of 5.43% over the past week, the year-to-date performance shows a decline of 21.37%, highlighting the volatility and challenges faced by the stock in the current market environment.