Is Ircon Intl. overvalued or undervalued?

As of 15 September 2025, the valuation grade for Ircon International has moved from attractive to fair, indicating a shift in its perceived value. The company is currently fairly valued based on its financial metrics. Key ratios include a PE ratio of 25.86, an EV to EBITDA of 20.62, and a dividend yield of 1.44%.
In comparison to peers, Ircon International's PE ratio is significantly lower than that of Rail Vikas, which stands at 60.81, and Tube Investments, which is at 100.08, both of which are considered expensive. This suggests that while Ircon is fairly valued, it remains more attractive than some of its peers in the construction industry. Notably, the company's stock has outperformed the Sensex over the past week and month, with returns of 6.9% and 11.03%, respectively, despite a decline of 14.58% year-to-date.